Top 10 Tax Audit Red Flags & Understand How To Avoid an IRS Audit Did you know that the IRS assigns a numeric tax score to every return they receive? Scores that are higher than a predetermined number are closely reviewed and considered for an audit. Additionally, the IRS has a complex matching system which… Continue Reading
Smart Reasons to Save, Use and Invest Money
Category Archives: Taxes
I Use To Love Doing Taxes
At one time in my past history, I use to love doing taxes! I would get refund back, so I actually was happy to do my taxes very early. Not anymore, this year will be the first year in a long time that I’ll actually own taxes… The Past Believe it or not, I would… Continue Reading
Is The Roth IRA In Danger?
The Roth IRA is a great tool for the Middle class to ascend to a higher wealth level, if used over a long number of years. So this leads me to ask “Is the Roth IRA in Danger?” I ask this question because from the government’s perspective, a Roth IRA is a great option as… Continue Reading
The Catch With Winning A Free House
My friend that won the house ran into one problem with her great score! Taxes!!! The $200,000 that my friend won in the post “My friend won a house“, had the taxman at her door wanting his fair share! Luckily my friend “Sis” wasn’t making as much money as she does now. But still the… Continue Reading
Cash For Clunkers Program
I had to think long and hard about not buying a new car, after hearing about the “Cash for Clunkers” government program. In the end I decided not to because: My car was worth (a little) more than the government exchange amount. My car is paid off. I don’t have the cash in hand, to… Continue Reading