Keeping Your Books Straight

Have Tax Debt? 3 Ways To Fix Things With The IRS

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If you have tax debt, you need to take that debt seriously. If you don’t, the IRS could come after your home and vehicle. When it comes to dealing with tax debt, you need to have a plan. Don’t Ignore Things You should not ignore any debt that you have with the IRS. The IRS can seize money from your bank, and they can even take away your home and your car if you don’t pay your taxes. Read More»

5 Reasons To Get Tax Help

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Dealing with taxes can get messy. You may dread tax season because you’re afraid that you will do your taxes wrong or that you won’t get them filed in a timely manner. Instead of stressing out and being afraid of taxes, why not hire a tax pro? There are tax help services and similar resources to help educate you so that you know what you’re doing. Here are some of the main reasons to get tax help before attempting to file your own taxes: Read More»

3 Things You Need To Do This December To Prepare For Next Year's Tax Season

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December is your last month to make many tax moves that will reduce your tax bill and increase your refund next year. Carve out some time during this busy holiday month to make sure that you are set-up for doing your 1040 tax preparation for individuals next year. Max Out Your Retirement Plan Pay yourself this December by maxing out your retirement accounts. Putting money into an IRA, 401(k) or 403 (b) will directly reduce your taxable income. Read More»

3 Ways To Keep Better Track Of Your Small Business's Money

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As a small business owner, it is important to keep accurate track of your money. Keeping accurate track of your money will help you know what to write off when tax season comes around. Keeping accurate track of your business’s money will also help you make smart financial decisions about the direction in which to move your company. Open A Business Banking & Credit Card Account The first thing you need to make sure that you have set up is a dedicated business banking account and credit card. Read More»

Being In Charge Of A Trust

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Being chosen as the trustee to handle the trust of someone special says a lot about your character. The other party trusts you enough to keep various of his or her assets in your care until it is time for them to be distributed to the beneficiaries of the trust. However, it is smart to enlighten yourself on what is involved with being a trustee. There are legal obligations that you must abide by to stay out of a complicated legal situation, such as by making sure taxes are filed for the trust. Read More»