Scammer Filed my Tax Return Are you thinking "Someone Filed My Tax Return?" you might be right. An obvious indicator is you attempted to e-file your tax return and the IRS rejected it. Was the rejection reason that a return with your Tax Identification Number was already accepted? Another might be, the IRS is demanding you repay [...]
Types of Insurance you Need! There are so many different insurance products out there. Have you considered which ones you actually need? While everyone's needs will differ, there are 4 types of insurance that you should not be without. These will afford you maximum protection from unknown future events. Do not leave yourself or [...]
Tax Deductions for the Self-Employed Taking care of the day to day operations of your own business is complicated enough. Taxes can add a whole other level of stress to running your business. This article will go over different tax deductions and benefits that are available to you. Self-Employment Tax Deduction Self-Employment tax [...]
8 Signs You Are Not Ready to Retire Turning 65 does not automatically mean that you can quit your job and golf all day, a lot of planning goes into retirement, and you may not be ready to retire. Many people quit their jobs and then find out they were not ready to retire. [...]
There are three keys that everyone needs for a complete estate plan. These three things are not just for the wealthy, they are for everyone. If you want to have a complete estate plan, make sure that you have at least the following three things in place. 1. Up-to-Date Trust It is a [...]
Many American employees are provided with 401(k) retirement plans from their employers. When tough times come and you are strapped for cash, it can be tempting and seem like a good option to borrow money from your 401(k) plan. That is not necessarily the case. Before you make such a decision it is important [...]
Fixed vs. Variable Annuities: Which is Better There are many types of annuities and sub-types of annuities that there are to choose from. However, the two most common are fixed and variable annuities. In this article, we will outline what they are and how they can work for you. Annuity Overview Before we get [...]
Understanding Education Tax Credits (Form 8863) Education is one of the biggest expenses that parents and students will face. Thankfully, there are two education tax credits that can be used to help offset the cost. These tax credits are the American Opportunity Credit and The Lifetime Learning Credit The American Opportunity Credit The [...]
Estate Planning for Children from Previous Marriages can be tricky! Estate Planning for Children from Previous Marriages can be complicated. When you add children from previous marriages, planning can become tricky. Typically, when you pass away all of your money will go to your spouse, and then when your spouse passes the [...]
New Parents: Preparing for Financial Changes! Each stage in our lives comes with a new set of financial challenges. This is especially true for new parents. Your budget, insurance needs, estate plan, and income taxes will all be dramatically affected. What can you do now to financially plan for these changes? Budget Having a [...]
