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5 Commonly Overlooked Deductions |
Personal exemptions, using a credit card to your
advantage, home equity deduction limits and IRA funding tricks and how
to avoid early withdrawal penalties are all very important strategies
for individual taxpayers. Click above to learn more about them.
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Financial Planning Checklist For Individuals |
Once you've finished with your year-end filing
and your return is on its way to the IRS, take a minute to consider
these questions concerning short and long-term financial goals, IRAs,
Keoghs, employee benefits, your children(s)' education, emergency funds
and many others. These planning techniques can help you decide if the
money you have left over is really left over money!
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Changing Jobs? Don't Forget Your 401(k) |
A simple misstep in your approach on how to
handle your 401(k) savings can easily kill half of what you've saved! A
simple rollover might be one of the easier, and more financially
rewarding, ways to handle this situation. This article explains this in
greater detail with a very powerful example of how penalties and taxes
can really hurt your plan if not handled correctly.
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Commuter's Tax Break |
The Transportation Equity Act for the 21st
Century has made many new deductions available for commuters. This
article explains how it works, if you're eligible or not, and how you
can easily use it to save money on your taxes.
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Are You A Tax Time Bomb? |
Learn the Six Commandments for Staying Out Of
Jail and how simple they really are to follow. The last thing we all
want is a painful and expensive federal audit. When executed, these six
items can help you sleep soundly at night.
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IRS Targets: What To Do If You're One Of Them |
The IRS targets 4 types of taxpayers for regular
audits. If you're self employed, work out of your house, hire
independent contractors or haven't filed a return recently, here's what
to do.
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How To Neutralize The IRS's Power |
Considering that that the IRS is solely
responsible for collecting Federal taxes and imposing penalties for
late, understated or evasive filings, the IRS poses one of the largest
financial threats to many individuals and business owners. Here's how to
neutralize their power.
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How To Avoid An Audit Completely |
Successfully avoiding audits, while still
claiming significant deductions is possible if you follow 11 simple
steps.
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Are You Getting Good Financial Advice? |
Finding financial guidance is easy, judging the
worth of it can be a much tougher task. Even hiring a professional
adviser is no guarantee you'll get great advice. If you're paying
someone for a personalized plan, you especially want to make sure you're
getting your money's worth. Don't just look at the numbers, what's your
gut telling you?
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Yearly Tax Calendar |
Although timing of some activities is critical,
it's important to review all tax considerations from the perspective of
your specific needs and establish an individualized planning calendar.
This short article highlighting key points of yearly tax planning,
broken up into quarters, is a great guide to model your customized plan
by.
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Current Tax Rates |
The tax rates seem to change every year. Here's
the rates for the current year.
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