This is yet another year that I’m filing my income tax return… I know that this year there is a good chance that I’ll have to pay taxes, so the motivation to do my taxes early, no longer exists as was the case just a few years ago. Most financial advisers will recommend against withholding… Continue Reading
Smart Reasons to Save, Use and Invest Money
Category Archives: Taxes
A Small Startup Business Should Pay No Taxes For Two Years!
I’ve been think about this for a while, and I think that startup businesses shouldn’t have to pay taxes for at least two years after starting a new business. If you read the statistics on small business startups, you’ll read that at least 80% of small businesses fail during the first five years! Well, no… Continue Reading
Why Taxing Dividend Income Hurts The Elderly
Let’s say it’s thirty years from now, and you’ve been a solid middle-income earner your entire life. You were able to put some money in dividend stocks and mutual funds that pay a dividend. With your dividend portfolio, you get by fairly nicely. You might even be able to go on vacation every now and… Continue Reading
Laws That Punish The Innocent, Are Really Just Another Form of Hidden Taxation
I was recently pulled over for speeding, but was I really? Well, yes, technically I was speeding, but I wasn’t accelerating. In fact, my foot was on the brake, so how can I be speeding? Ironically of the three cars going down the street, I’m the only one that got a ticket. The real… Continue Reading
My Federal Income Tax Return Was Rejected!
Last night I was surprised to find that the tax return that I filed was rejected by the IRS! After a short state of disbelief, I quickly wanted to determine why and fix it before the April 18th! Why April 18th? Because this year April 15th falls on a governmental holiday, so they bumped the… Continue Reading