You might think you don’t have to worry about federal estate taxes anymore. Current laws exclude the first $5 million in your estate for estate tax. And to make it an even sweeter deal, a couple (if both are American citizens) can exclude up to $10 million. Does that mean you don’t have to worry […]
Archives for February 2012
Do I Need a DBA to Open My Small Business?
If you want to run a successful business, you have to come up with a strong business name. And if you run your business under a name that’s not your own, you need a “DBA” (“Doing Business As”). The good news is that if you create a DBA, you can use just about any name […]
Letter from the IRS – What You Should Do
Getting a letter from the IRS is almost never a pleasant experience. Even though I run a pretty tight ship when it comes to my tax return and I do everything possible to avoid a run-in with the tax police, I’ll admit that I get a little nervous when I see that the Treasury department […]
How to Have a Good Income to Debt Ratio Fast
A good income to debt ratio will help you tremendously in just about all aspects of your financial life. You’ll qualify for credit more easily because you’ll have a enviable credit score, and you’ll pay a lot less when you borrow money. You’ll also be a more desirable job applicant if you apply for a […]
Is Greed Good?
The Occupy Wall Street people have done us all a great service by forcing us to re-examine our relationship with money and ask the question, “Is greed good?” They are sure that the greedy pursuit of wealth is the root of all evil. While in reality, just the opposite is true, we can only understand […]