(ARA) - With good planning, you can start the year off right by making sure you and your family are financially fit and ready for the new year, and possibly reduce your tax bill. Here is a financial checklist to consider: Read more »
Archive for the ‘Taxes’ Category
(ARA) - The average person pays more than $6,000 in federal income tax, according to the Congressional Budget Office. If you cringe at sending a big chunk of change like that to Uncle Sam, you may be looking for ways to keep a little more jingle in your pocket. I’ll give you some tips, but, like me, you should consult a tax advisor before taking steps that could affect your tax status. Read more »
A Disclaimer of Sorts: No matter whether you file your own taxes or have a tax professional prepare and submit your taxes, You The Taxpayer are responsible for the completeness and accuracy of the return. Any questions, comments, extra taxes or penalities will be directed to you. Please consider any and all tax advice with this in mind, including this article. I will give you all of the resources you need to check this out for yourself at the end of the article. This information is provided “in good faith” - we cannot gaurantee it’s correctness. Read more »
I’ve decided to write an article with information about the amount and type of taxes you pay. I won’t be able to cover all of the types of taxes that are paid by Americans because that would turn this article into a book. I’m just going to list a few of the most common taxes that most of us have to pay. Read more »
I prepare taxes for about 40 or 50 friends and relatives each year. One of the couples I prepared taxes for this year lost a lot money by having the wife work part time. She worked at Walmart as a cashier a few hours a week. She gets paid $5.65 an hour and worked about 380 hours in 2000 and earned $2147.
It seems like this would be helpful to the family by giving them a little extra spending money. However, I decided to figure their taxes using only her husband’s income just to see what it cost her to work. She didn’t like what I found. Read more »
