Tax Time Tips
by Aimee Cremasco.Every year we search for the most effective tax breaks to ensure the highest tax return possible—or lower the taxes we owe, whatever the case may be. While filing your taxes is about as much fun as a root canal, learning a few tips and tricks c...
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Taxes, Taxes, Taxes: Who Really Pays The Most?
by David Berky.Each April our thoughts turn to the coming of spring and thecoming of the tax man.I hear a lot of people complaining about taxes at this timeof year. Not just that they have to do their taxes andspend hours pouring over old records and trying to figu...
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Avoid Annuity Tax Problems
by Tony Novak.Millions of investors own retirement annuity accounts but few are aware of the tax implications when the annuity is passed to an heir or beneficiary. A little known tax fact is that income tax on an individually owned annuity can be postponed only if...
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4 Simple Steps to Reduce Your Taxes
by Wayne M. Davies.With Tax Season upon us, here are 4 simple steps to lower your tax bill this year.STEP #1: Understand How Serious Your Tax Problem IsAre you aware of just how much in taxes you are paying? Here's how much the average family spends on various consumer...
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Track The Tax Papers
by Janet L. Hall.Track The Tax PapersBy: Janet L. HallFirst let me tell you that I do not use a financial software package for mybusiness at this time. I tired some and found that it was more timeconsuming for me then to simply put my receipts in organized folders an...
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IRS Fails as a Tax Adviser
by Tony Novak.The Internal Revenue Service conducted a study of the quality of telephone advice it provides to taxpayers. It found that only 27% of callers actually received complete answers to their questions. Almost three quarters of callers were denied service,...
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Tax Treatment for Coverdale IRAs
by Tony Novak.A number of publications, including my own, have mistakenly reported over the past year that Coverdale IRAs, formerly known as Education IRAs, are tax deductible. Coverdale IRAs are not tax-deductible.Originally the concept of education IRAs was mean...
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Your Cost Effective Financial Taxi
by Addi.Just as taxi services are valuable and convenient for the commuters who are travelling a short distance, short term cash advances are suitable for the immediate cash needs. However, a taxi may not be cost effective for long term travel needs. In the ...
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Purchase a Home and Save Tax
by addi vardhaman.The current union Budget has extended the same tax benefits for one more year. Now, Indians can save significant part of their tax liability if they have taken a home loan. The savings on tax payment as a result of the new budget declaration are sign...
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Tax Debts Instigate Loan Applications
by Andy Adams.Each year we are inundated with advertising campaigns on the television, radio and newspapers about how we need to get our self-assessment tax forms and bills sorted before the end of January. This normally means we spend many hours doing calculatio...
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Home Loan With Tax Benefits
by Martin Lukac.Home Loans and their high rate of interest dig a hole in the pocket of homeowners. On top of that the monthly payouts have to be juggled with the regular home expenses which are equally essential if not more. Maintaining a comfortable finance graph w...
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Save Tax With Loans in India
by Naveen Narale."Saving Tax" on your income is always a spot of interest for each one of us and why not when there is a legal way?Saving Tax is easier under Indian Income Tax Act if one opts for the home loan. There are two sections of Indian Income Tax which allow ...
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