It sounded so good…The promise of a large tax refund can be very seductive. But like anything that seems too good there is usually a catch. During my time with the IRS we would look for large tax returns that could be audited. So what can you do to make sure your tax refund doesn’t [...]
This article will explore business in a very general term. For tax purposes of are engaged in a trade or business if your activity is entered into with the expectation of making a profit, and if you devote a substantial amount of your time to the activity. Also if you operate through an agent or [...]
If one could have a favorite fraud issue, mine would have to be the one pulled on an entire population of African Americans in the late 90’s. It reoccurs every year and is known as the ‘Reparations Credit’. The story behind it is that Congress passed the law that gave all African Americans a credit [...]
The Internal Revenue Service has recently been auditing 412(i) defined-benefit pension plans.
They are seeking substantial taxes and penalties from what they characterize as “abusive plans,” but they do not regard all 412(i) plans as necessarily abusive. A properly structured and administered 412(i) plan can be an invaluable tax reduction tool for a business, but care [...]
Many people throughout the world have structured settlements or annuities with the desire of turning these future payments into a lump sum of cash. In other words they wish to sell their future or periodic payments.
This is SSQ’s official guide to selling structured settlements.
1) Determine the exact amount of money that you need and the reason [...]
There are many companies in the marketplace eager to offer you a payday cash loan, check loan, or payroll advance loan, but buyer beware. A payday cash advance is quick and easy as you probably know. They can be lifesavers for short-term, small money problems but one must never forget that they will need to [...]
A budget is basically a money plan, outlining your financial goals. Having a budget, you can well establish and regulate funds, set and achieve your financial objectives, and make advance decisions as to how you want your finances to function well for you.
The main idea in budgeting is for you to put aside a certain [...]
Every one or rather almost every one in this world would definitely want to have his or her future secured. Thus, every person who earns even a bit would like to save some of the money and this is where the topic of personal financial management comes into picture. Whatever be your purpose of saving [...]
Building a good credit history can be a difficult task when you don’t already have any credit. The vast majority of lenders do like to see a credit history before they will extend credit. This means that if you don’t already have a credit history, most lenders will turn you down! So how can you [...]
What is a credit card balance transfer, and why is it important?
We should all know by now that higher interest rates translate into higher payments and more money paid over the long term. But many people don’t know that you can actually transfer the balance from a higher interest card to a lower interest card [...]