Each year thousands of people began a meltdown as tax day approaches. How much are we going to owe and how are we going to pay them? These are people who want to pay their taxes but do not have the means to do so. The good news is the IRS has several strategies for …
A dreaded time of the year is rapidly approaching once again that will keep people up at night, and push the boundaries of procrastination yet again. This time of year is tax season, and every year people dread pulling all of their information together and hauling it over to their local CPA (certified public accountant) to …
Turbo Tax Review: The Easy Way To File Your Taxes 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 …