In a downtrodden economy it can be confusing to know which investments are considered risky and which one’s aren’t. One investment that is safe is purchasing U.S. savings bonds. Why? Savings bonds are considered to be non-marketable securities, which means they’re only registered to you and therefore you cannot sell them to anyone else. The [...]
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Are you interested in learning more about IRS common red flags, which will most likely cause you to be audited? Continue reading to find out if any of the below red flags apply to you. 6) You Own Your Own Business The most common place the IRS looks for inconsistencies on your taxes is on [...]
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According to CNN.com, don’t be fooled by tax preparers who promise unusually large tax refunds, but never require any receipts or documentation of these purchases because ultimately you are held responsible if the IRS decides to audit you. For your own safety, make sure you have your taxes prepared by someone you trust and [...]
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Did you know that there is a popular tax break that paid more than 26 million employed workers nearly $59 billion last year? However, the downside is that only 1 in 4 people, who qualified for it, actually claimed it. This means that they missed out on claiming thousands of dollars that they could have [...]
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Are you currently unemployed and looking for work? Yes, we know the employment situation can be a downer, but here’s something you might not know. If you’re unemployed and looking for your next great job, you’ll be receiving some extra tax breaks this year. For instance, if you’re a current job seeker you’ll be able [...]
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When you’re self-employed, there’s a plethora of acceptable deductions you can claim when you do your taxes. You can claim your office expenses, health insurance premiums and even travel costs that are work related. Deduct Health Care Costs Did you know that health care costs are also deductible, especially if they amount to more [...]
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It’s 4 a.m. in the morning and you’re wide awake trying to find the electricity bill so you can pay it, but you have no idea where it is. And while it seems as though you’ve looked everywhere, you still can’t seem to locate it. Even if it seems as though you have exhausted all [...]
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Just about everyone wants to know if there are some legal loopholes in the tax system that allows you to pay fewer taxes. After all, why not take advantage of them if they are legal, right? Well, there are ways you can make money and save money on your taxes and all it takes is [...]
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Even though tax laws are constantly changing from year to year–there are still ways for you to increase the size of your tax refund, while simultaneously minimizing your tax liability. How do you accomplish this? Well, one way to accomplish this is if you are lucky, you might have wealthy friends who can give you [...]
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It can be a little bit unnerving when you first start looking for a business loan. After all, the outcome of that situation is going to make a difference in your ability to keep your business going. For the most part, you should not have a difficulty receiving your business loan but there are some [...]
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