As we all know, it’s important to get the details right when you are filing taxes. When it comes to charitable contributions, it’s even more important. The Tax Code doesn’t just require the paperwork to show the amount donated, it requires you to get the…
The other day, someone asked me about prepaying next year’s rent on his business. That sounded like a pretty good idea to him because he said he could really use the tax deduction this year. Wouldn’t it be terrific if this concept could really work?…
2012 is coming to a close, thank goodness. It’s been a turbulent year. Perhaps, like me, you’ve gotten so absorbed in everyday trivia that you’ve lost track of time. Well, it’s time to look up and do some last-minute things to clear our heads, homes,…
Disclaimer: This blog post was written before the election and is meant to summarize the possible effects of the end of the Bush-era tax cuts. In part one of this series, I outlined the changes that could affect individuals on January 1, 2013, if the…
Disclaimer: This blog post was written before the election and is meant to summarize the possible effects of the end of the Bush-era tax cuts. I hope you enjoyed all the presidential debates last month—and I also hope that you are are happy with the…
It’s the curse of the procrastinator. Sometimes it’s putting off filing taxes until it’s too late. Other times it’s neglecting to pay a bill until it’s past due—a mistake that can seriously affect your credit score. Well, we can’t change the past. But if you’ve…