If you’re not sure whether you have a simple tax return you can do yourself, or you wonder about missing significant tax advantages or are concerned that you might be making mistakes, use the checklist below from the American Institute of Certified Public Accountants to help you decide whether you should hire a certified public… Continue reading When Should You Hire A Professional To Do Your Taxes?
Category: Finance
10 Ways To Avoid Student Loans
Student loan debt is growing at a rapid rate. Too many students borrow as much as possible, which can be a grave mistake. There are many ways to minimize your student debt and take control of your future. Avoid mortgaging the next 10+ years to earn a college degree. You have options! Use these tips… Continue reading 10 Ways To Avoid Student Loans
Do You Have An Overspending Problem?
Have you ever written a check for something you knew you didn’t have the money for? People do that more than you think. They play the game of “robbing Peter to pay Paul.” This common practice can lead to debt and bad money management. When you take a job, you are given a salary. The… Continue reading Do You Have An Overspending Problem?
Do You Need Disability Insurance?
Most of us have insured our houses, possessions, cars, and lives. However, have you insured something that might be even more important: your ability to earn an income consistently? This may be the most important asset you have. Consider the following: if you currently earn $50,000 a year and you’re 35 years old, from now… Continue reading Do You Need Disability Insurance?
Should I Get A Payday Loan or Use a Credit Card Cash Advance?
A bill is due tomorrow, your bank account is low, and you need cash fast. What can you do? Many turn to the payday loan option. This option has several pros and cons. Payday Loans The Pros of a payday loan: o You can get cash in less than an hour. o You can make… Continue reading Should I Get A Payday Loan or Use a Credit Card Cash Advance?
Tax Advantaged Medical Plan Basics
Do you have medical expenses that you incur every single year? Do you always use up your entire medical insurance deductible on co-pays? If so, a couple of medical saving plans available would allow you to use tax-free money to pay for your medical expenses. That is an automatic 28%+ savings! Every time you pay… Continue reading Tax Advantaged Medical Plan Basics
1031 Exchange FAQ’s
After years of conducting tens of thousands of successful 1031 exchanges, we found that there are several frequently asked questions related to this type of transaction… Equity and Gain Is my tax based on my equity or my taxable gain? Tax is calculated upon the taxable gain. Gain and equity are two separate and distinct… Continue reading 1031 Exchange FAQ’s
8 Tips To Using Credit Cards The Right Way
Credit cards can be a great financial tool when used correctly. They can also create a lot of havoc when misused. Credit cards make it easy, but potentially expensive, to buy nearly anything. They’re also a great way to improve your credit, as long as the balances stay low. Learn how to use them wisely… Continue reading 8 Tips To Using Credit Cards The Right Way
1031 Exchange Capital Gains Tax Deferral
With the booming property prices of recent years, more and more people are facing large tax bill when they come to selling their investment properties. However, did you realize there is a perfectly legal way of deferring payment of such taxes by utilizing the advantageous 1031 tax code that the IRS introduced in the early… Continue reading 1031 Exchange Capital Gains Tax Deferral
10 Key Disability Insurance Policy Features to Understand
What will happen to your family if you’re in an accident or injury? Disability insurance provides an income, so financial issues aren’t a burden. Choosing the right type of insurance is essential for protecting your earnings. Social Security payments are limited, so disability income insurance is essential. Consider these options when choosing a plan that’s… Continue reading 10 Key Disability Insurance Policy Features to Understand