Archive for the ‘Taxes’ Category

How To File An Extension

Monday, April 14th, 2008

Times up!  Well, almost.  If you haven't even started work on your 2007 tax return, it may be time to consider filing an extension.  The good news is that it is fairly simple and will buy you some additional time to get your act together. The ...

Details On Economic Stimulus Payments

Monday, April 14th, 2008

A short note went out to financial institutions from the Federal Reserve on Friday. It contained details of how, and when, economic stimulus payments will be delivered. Here are some highlights: The Department of the Treasury, Financial Management Service (FMS) will begin issuing approximately 130 million Economic Stimulus Payments on behalf ...

Get Your Taxes Filed With This Seven Day Plan

Monday, April 7th, 2008

It's crunch time! You have nine days left (coounting today) to get your 2007 taxes filed. It can definitely be hard to get started, but you don't want to be staying up until midnight on the 15th trying to make the deadline. Bankrate.com has a great 7-day plan to get you ...

Do We Have To Pay Back The Tax Rebate?

Monday, February 11th, 2008

Do We Have To Pay Back The Tax Rebate? Short Answer: NO. I have read a lot of misleading stories on the rebate portion of the Stimulus Bill.  For instance, Liz Pulliam Weston, writing in MSN Money writes: To produce this cash, Congress created ...

Details on Final Stimulus Bill

Friday, February 8th, 2008

The House and Senate passed the final version of the stimulus bill only three weeks after President Bush's initial proposal. The final plan will cost an estimated $168 billion versus the $150 billion cost of the House plan.   The Senate plan included rebates for senior citizens and disabled veterans.  ...

Latest News On The Stimulus Bill

Thursday, February 7th, 2008

UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post: Details on Final Stimulus Bill. The Senate failed to pass their expanded version of the House stimulus plan last night. From The Wall Street Journal: Supporters of the Senate bill ...

Stimulus Bill Likely To Be Unchanged By Senate

Friday, February 1st, 2008

UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post: Details on Final Stimulus Bill. As a follow up to my details of proposed stimulus bill post, the Wall Street Journal is reporting that changes passed by the ...

Details of Proposed Economic Stimulus Bill

Thursday, January 24th, 2008

Photo: Susan Walsh, AP UPDATE: The House and Senate have passed the final version of the Stimulus Bill. You can read the details in this post: Details on Final Stimulus Bill. Congress and President Bush appear to have made a final agreement on the contents of the forthcoming economic stimulus bill. Highlights: Tax ...

Earn Smarter, Not Harder

Friday, January 18th, 2008

We've all heard the old adage "Work smarter, not harder". This means that if you plan and think about the best way to do a job, you will save huge amounts of time and effort. I would like to propose that you should also apply similar thinking to your income. ...

How To Read a W2

Wednesday, January 16th, 2008

Continuing our tax theme, we will run a series detailing some of the most common tax forms you have received, or will be receiving, in the next few weeks.  First up is the W2.  All information is for the 2007 tax year.  Forms will sometimes ...