Thanks again to Matt Wilson of Employee Financial Boot Camp for compiling and analyzing these IRS stats and helping us to demystify who really pays taxes in the USA! Every quarter, the Statistics of Income Division of the Internal Revenue…
I recently read this article and found it to be a great recap of avoiding common mistakes when planning for your retirement. Hat tip to financial planner Matt Wilson of Employee Financial Boot Camp for these suggestions! Here's what I pulled…
Expanded relief is coming for those who are living abroad who owe less than $1500 in US taxes and have not filed their tax forms or their foreign account disclosure forms.
The IRS warns that next years refunds may be delayed due to the recent theft of many SSNs from various organizations in the US. Be aware that your refund may be delayed if one of these Tax Fraudsters files a…
Remember that you can only deduct expenses that were not eligible for reimbursement by your employer under this section of your return. If you didn't turn in your expense report on time, there is no deduction!
Here's some tips from Forbes magazine on how to make your favorite hobby tax deductible! Do it full-time. The IRS is more likely to query writing off a “hobby” against income from your regular job. If you work 40 hours a…
Medical AGI cap rate is going up to 10%; make sure you get your medical expenses deductible and in the 2012 tax year!
By Allan Himmelstein A while back I had the opportunity of listening to Harvey MacKay speak. He is the author of 6 books, the most famous of which is “How to Swim with the Sharks”. He is a tremendous motivational…
You spend all this money creating a business, growing the business, investing in the business, investing your people, everything down to even buying the staplers. How have you actually branded your business? Poor branding is one of the most negative…
Have you ever had the scenario where you expected something to go one way, but then it when a completely different way? This is what is considered lack of controls and the company. Lack of controls can cause serious damage…