If you need IRS tax debt relief, you may not have to hire a fancy pants CPA or tax attorney. Depending on the situation, you have a few alternatives you can try yourself. If you are successful, you may end up saving a pile of money and your credit score too. Neal’s Notes: If you […]
Tax Strategies
A big part of accumulating wealth is to make sure you don’t give it away needlessly. There are a number of provisions in the tax code to help you grow your wealth and reduce tax payments and penalties. These are not complicated. They are not hard to understand or take advantage of. But they are important.
In this category I’ll explain the most important tactics you can utilize to minimize your tax so you can put as much as possible towards building your own future.
What Are Your Chances Of Being Audited This Year?
Are you concerned about an IRS audit? Thanks to government cut backs you may have less to worry about than you think. The IRS’s budget has been slashed $1 billion since 2010 and over that time they’ve let 10,000 workers go. ? In 2014 alone funding for the IRS is down over $500 million compared […]
9 IRS Audit Flags You Must Avoid Like the Plague
No matter how passive or aggressive you are when it comes to filing your tax return, please avoid IRS audit flags. You hate paying taxes and you’re certainly not alone. But don’t go too far. Some people take “tax relief” too far! The IRS reported that $30 billion is lost every year due to tax […]
How and When to File for a Tax Extension – And Why It’s a Bad Idea
It’s easy to file for a tax extension – but, as you’ll see, you should do everything in your power to file your taxes on time. Don’t file for an extension if you can help it. The penalties for late filing really get costly. First, the easy part. Let’s discuss how it’s done. The benevolent […]
H&R Block At Home Software Review – Is This Really A Diamond in the Rough?
More and more people are doing their own taxes these days. If you are interested in joining their ranks, there are 3 main software products to choose from; TurboTax, TaxACT and H&R Block at Home 2014. What follows is my personal in depth review of H&R Block’s At Home to see if this is the […]
TurboTax 2014 Review – Still The Tax King?
Turbo Tax is the most popular tax prep software there is among do-it-yourself tax filers. The makers of this package boldly claim (and guarantee) that if you use their software, your taxes will be done right, 100% of your calculations will be accurate and you’ll get the maximum refund possible – even if you have […]