Personal Finance Blog - Spreading Financial Independence. Guest Bloggers Are Welcome

Guest Bloggers Are Welcome

Planning Tips for Today's Economy

By: The Lawyer In Blue Jeans Estate Planning Views: 3024 | Comments: 1 | Votes: 1

During a time of economic change, it is wise to review your financial plan to consider potential adjustments and improvements. Even if you reviewed your plan within the past year, the following tips can help determine whether additional revisions may be needed. 1. Review your estate plan. This will ensure that that your intentions in distributing your assets are understood. More

FICO - How your score affects you

By: Academix Credit Repair Views: 3024 | Comments: 0 | Votes: 0

Throughout the years, mortgage rates have varied by loan-to-value and by term only. Items such as mortgages and variation in credit risks were not taken into consideration. A variation in interest rates was typically due to an additional charge for mortgage insurance (PMI) for home loans with loan-to-values greater than 80 percent, or higher rates due to the length of amortization. More

Phone bill tax refund

By: Lew Sichelman Tax Planning Views: 3013 | Comments: 0 | Votes: 0

Taxpayers are due a onetime federal excise tax refund credit of $30 to $60 – or possibly even more – on their 2006 federal returns, according to the Internal Revenue Service. The refund is intended to compensate people who have been charged an excise tax on their phone bills. But when they went to flat-fee phone services, they continued to levy the tax. More

Tax Credit for Homebuyers

By: Sanda Hnatjuk-Bahic Real Estate Views: 3000 | Comments: 0 | Votes: 0

The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. Tax Credit Versus Tax Deduction It’s important to remember that the $8,000 tax credit is just that… a tax credit. Dividing $10,000 by $20,000 yields 0.5. More

Refinance Mortgage Potential Pitfalls

By: Academix Home Loans Views: 2994 | Comments: 0 | Votes: 0

There has been a lot of talk about mortgage refinancing over the last couple of years. One thing that you need to bear squarely in mind when considering doing this is that you must be prepared to pay your costs at closing. This is very similar to what happened when you initially purchased your home. Any money owing for this service will usually be paid at the point of settlement. More

Qualified moving expenses

By: Robert W. Ditmer Tax Planning Views: 2987 | Comments: 1 | Votes: 0

In the case of some fringe benefits that are offered to or given to employees, certain benefits can be excluded from an employee's income because the expenses would normally be deductible on an individual's personal income tax return. A moving or relocation expense is one such benefit. What moving expenses are deductible? How should moving expenses be reported? Robert W. More

How To Create A Fairer Tax Environment

By: Steve Selengut Tax Planning Views: 2980 | Comments: 0 | Votes: 0

Can lawmakers who don't have the courage or intelligence to outlaw texting while driving really be expected to create a saner tax structure? Hmmm. Politicians focus on one issue at a time, and pretend to have problems dealing with inter-related programs. Tenured politicians have a vested interest in resisting any change that involves their spheres of influence. More

Where is the Tax Man?

By: Zubin JB Tax Planning Views: 2948 | Comments: 0 | Votes: 0

Is it just me or have the recent appointees to President Obama's cabinet been playing hooky with their taxes? First, it was Tim Geithner, a mastermind at the Treasury, who is going to be the savior of the economy. Actually, it's not. Let's all give the President one word of advice: Simplify, simplify, simplify. (they say if you repeat something three times, it works!). More

Year End Tax Strategies and Other Bad Investment Ideas

By: Steve Selengut Investments Views: 2940 | Comments: 0 | Votes: 0

First thing Monday morning I'm going to march into my boss's office and demand a pay cut so that I'll be in a lower tax bracket next year. Of course that's ridiculous, but isn't it about the same as the financial community's "Conventional Wisdom" (CW) for year-end tax planning? What are their motivations, and what discipline thought up these strategies in the first place? More

Resolutions for a Debt Free Business

By: AndrwDerAlex Banking Views: 2939 | Comments: 1 | Votes: 1

1888PressRelease - Unpaid services is accumulated money that must be collected. Taylor, Ricci&Associates is an experienced and professional company who understands that business owners financial concerns lies on unpaid invoices and services.Cutting costs and elevating revenue is on the front of most business owner's minds today. To the contrary, it can be turned around. Sound like you? More