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Here’s How to Avoid an Audit

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Worried About an Audit? Read This Letter to Find out How to Avoid It! If history is any indicator slightly more than one percent of Americans will get audited this year. But I’m sure nearly 100 percent of us will be worrying that it will be us until tax season is over. Before you worry […]

How to Get Tax Free Income

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10+ Sources of Tax Free Income There isn’t much the U.S. government doesn’t tax. They want their cut of every bit of income you make. Your salary, wages, commissions, tips, interest on savings, dividends are all considered taxable income. Even if you do your civic duty and serve on a jury, Uncle Sam wants his […]

10+ Sources of Tax Free Income

suit pocket

There isn’t much the U.S. government doesn’t tax. They want their cut of every bit of income you make. Your salary, wages, commissions, tips, interest on savings, dividends are all considered taxable income. Even if you do your civic duty and serve on a jury, Uncle Sam wants his cut of the measly few dollars […]

Secret IRS Code 72 (t): Take Advantage of an IRS Loophole that lets you take money out of your IRA before age 59 ½

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There is a massive wave of people getting ready to retire in the next few years. Many are expected to retire before they reach age 65. Sounds like a nice idea but how are all these people able to afford to retire early? By law they aren’t allowed to take money out of any of […]

7 Tips for When You Own the IRS More Money than You Can Afford

Uncle Sam Want's Your Money

Two weeks ago Mr. Patterson and I sent off our tax documents to our accountant. Now we are playing the waiting game. We’re waiting to hear back on if we owe money to Uncle Sam or if he owes us money. We think we’re getting a refund this year, but we’re not sure. So we […]

Worried About an Audit? Read This Letter to Find out How to Avoid It!

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If history is any indicator slightly more than one percent of Americans will get audited this year. But I’m sure nearly 100 percent of us will be worrying that it will be us until tax season is over. Before you worry too much about an audit, know that IRS statistics show that only 1.02 percent […]

8 Ways to Get Started on Your Taxes…Even if you’re Not Ready to File Yet

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Procrastinate on your taxes and you could end up with a higher bill. The IRS has a fearsome reputation for going after every last debtor. The most common errors on tax returns are bad math. Mistakes in arithmetic or transferring figures from one form to the next will set you on the sure path to […]

8 Strategies to Lower Your Tax Bill NOW

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Normally I’d be writing to you about tax moves to make before the end of this year to help reduce your upcoming tax bill. But the upcoming “fiscal cliff” that you hear about on TV every day is adding another layer to the situation. If you hadn’t heard Congress still hasn’t settled whether or not […]

Take the Heavy Lifting out of Moving

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Summer is nearly here! Though the official start of summer doesn’t happen until June 20th this year, the unofficial start of summer starts this Memorial Day weekend. Everybody loves summer! OK, maybe not ice fishermen but the other 99.99 percent of the world does. Flip-flops…vacations…lush looking gardens…it all adds up to a fantastic time of […]

Spending Your Refund

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Smart Ways To Spend Your Tax Refund If you’re reading this then know that you are reading the fourth draft of my letter to you. Normally I don’t revise and edit my work that much, but today has been truly difficult to write to you. It’s not that I’m sick or have suffered a major […]

Don’t Let This Happen

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How to Avoid an Audit 62. That’s the number of days you and I have left to file our taxes. The clock is tick, tick, ticking away towards the filing deadline. I have always felt the need to be extra careful with my taxes. I am a stickler for saving receipts and statements because I’m […]

10+ Sources of Tax Free Income

Uncle Sam Want's Your Money

There isn’t much the U.S. government doesn’t tax. They want their cut of every bit of income you make. Your salary, wages, commissions, tips, interest on savings, dividends are all considered taxable income. Even if you do your civic duty and serve on a jury, Uncle Sam wants his cut of the measly few dollars […]

4 Unusual IRA Investments

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Think Outside the Box to Build Wealth with Your IRA I don’t know about you but I hate restrictions. I don’t like it when banks restrict the number of transactions I can make a month without a financial penalty. I don’t like it when cell phone companies restrict the amount of minutes I use or […]

Get the IRS to Give You A Break On Taxes

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Being a writer is great. I get to work at whatever location I choose (my home, the local coffee shop, the beach), wear whatever clothes I want (usually its yoga pants and a tank top), be my own boss (no more pushy people standing over me grading my every move), choose my own hours (I […]

Reader Issues Resolved

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So one of the most common issues readers email me about is credit cards. I lovingly refer to credit cards as “frenemies.” They disguise themselves as friendly faces with their cash back, rewards points, airlines miles and low interest rates. In reality they lower credit scores, get people into debt, prevent loans from being approved […]

Laws Meant to Take Away Your Freedom

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There is a disturbing trend developing. As the US Dollar craters against so many currencies around the world, and as US economic, fiscal and monetary policy has completely unclear consequences; the US Government is embarking on a stronger and stronger campaign to limit your financial rights. **Sponsor** Did The Government Really Do This? How would […]

Take Advantage of Little Known IRS Code

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Secret IRS Code 72 (t): Take Advantage of an IRS Loophole that lets you take money out of your IRA before age 59 ½ The baby boomers are coming! Next year, the first baby boomers will turn 65 and officially reach retirement. Many are expected to retire before they reach age 65. Sounds like a […]

Tax Shelters for Everyone

Give Me Shelter What do Helio Castroneves, Joe Francis, Nicholas Cage and Annie Liebovitz have in common? All of them had run-ins with the IRS last year for failing to pay the correct amount of taxes. Out of all of those celebrities Helio seemed to be the worst off. Castroneves was accused of hiding millions […]

I Don’t Want To Hear About Your Princess Problems

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Hi everyone my name is Nancy Patterson and my friend Mark Patricks from League of Power asked me to write to you about the way I live my life. When I asked him why the bloody hell would I do that. He said for money and I hastily agreed.  After all, I like making money […]

 
 
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