Filing an unfiled tax return or even multiple years of unfiled tax returns may not be as big of an issue as you may believe. It may not be that big of a deal even if you cannot pay the taxes that you owe. The longer you wait the bigger issue it becomes. The consequences may get …
What happens If you Don’t File A Tax Return – Unfiled Tax Returns Read More »
Could we see a National Sales Tax or maybe a Value Added Tax What are the chances of Americans paying a national sales tax? Will a Value Added Tax (VAT) become reality? What is a VAT tax? Who pays it? What is the affect on our economy? Is it good or Is it bad? What …
More Taxes – Are We Gonna See a Value Added Tax (VAT)? Read More »
Baby boomers are living longer, but perhaps facing more challenges than ever. Healthcare costs, layoffs and lack of pensions greatly affect financial planning. We must budget our lifestyles to meet rising costs and uncertainty. In certain cases, this may include taking investment profits. Investors of all ages may sell investments for various reasons. These include: …
Tax Efficient Strategies When Selling Investments Read More »
Tax time is almost here and once again your left wondering what you could have done to improve your tax situation. Was it a capital loss you failed to lock in? Maybe you didn’t contribute enough to your 401k at work. And then there’s this thing called the Roth IRA you’ve heard good things about. …
When you make an investment, you do so to make money. You don’t make an investment to take a loss. Pretty basic, huh? In a down market, things are a little different. 2008 and the beginning of 2008 were definitely a bit different when it comes to the stock market. If you still have some …
As much as you might dread preparing your taxes, receiving a tax refund makes it all worth it. Whether your refund is big or small, spend it wisely. Once you know how much money you’ll be getting back, make a plan for where all the money will go and stick to the plan. If you …