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Money Mistake Monday - Not Paying Enough In Taxes Syndrome.
For the first time that I can remember, I owed money to the IRS for 2007 for underpayment of taxes. Granted, I should have known better and I should have paid more attention, but it kind of snuck up on me in the last quarter of the year. As has been the case [...]
Getting A Tax Refund? Make More Money This Year Instead.
So you are getting a tax refund, huh? Sounds great, right? Not really - it means you have been giving the government an interest-free loan all year…with your money. Although I try my best each year to come out neither ahead nor behind, sometimes it just doesn’t work out that way. [...]
Finished Our Taxes - All I Can Say Is My Wallet Is A Lot Lighter Now.
Well, our taxes are finally done…and we owe about $3,000 for our Federal return. Granted, this could have been really bad if I had not been setting a lot of money aside from my blogging income, but still - $3,000! There are a few reasons for owing this kind of money this year [...]
Eight Steps To Lowering Your Property Tax Bill.
Those of you who own property know that sometimes the property tax bill shows up and it is not pretty. Property taxes keep on rising, even while the housing economy slides deeper into a slump. What gives and what can you do about it? Money Magazine has 7 ways that you can lower [...]
Should You Do Your Taxes Yourself And Fire Your Accountant?
According to Money Magazine, you may want to fire your accountant if:
1. Your return is straightforward.
If you just have income from wages and interest and some simple investments, you could do it yourself.
2. You have an afternoon to spare.
Depending on who you ask, some people do their taxes in an hour, while others spend the [...]
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