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Category: Taxes |
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You are currently browsing the articles from HELP YOUR MONEY matching the category
Evading Taxes Can Devalue Your Business When it’s Time to Sell!
Writing off personal expenses in the company ledger and failing to report cash transactions are common with smaller companies. The fact misappropriated expenses are rarely detected by the IRS has led many business owners to treat this as a condoned business practice.
Written by Lenny on April 30th, 2008 with no comments.
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With the costs of health coverage continuing to skyrocket, Massachusetts has come to a crisis with respect to its health care system. As a result of increased costs, and difficulty for many high risk groups to maintain insurance, a statewide change is now coming into effect that will ensure that everyone has insurance. One large reason for the increase in costs that has precipitated these increases are overuse and misuse of the existing health care infrastructure.
Written by Jed Pittman on October 15th, 2007 with 1 comment.
Read more articles on Insurance and Taxes.
As the US sends even more troops to Iraq, as a pf blogger I would be shirking my fiscal responsibility if I didn’t at least ask the question: “where is all this money coming from?”
Written by Jed Pittman on April 5th, 2007 with no comments.
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According to this report by the New York Times, there is a significant portion of ex-americans who have renounced their citizenship because of stiff tax penalties (Don’t ask them to confirm that though.). This is another clear example of economics in action. People who live abroad presumably do so because they prefer to live there rather than in the united states. In some cases, I am sure that it is due to a family or a relationship issue. However, in the cases that it is not strictly a relationship issue, there is likely some monetary reason that these people live outside of the United States even though they are US citizens.
Written by Jed Pittman on January 9th, 2007 with 1 comment.
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I live in Massachusetts, affectionately called taxachusetts by those who live here. It seems like we are constantly getting hit with a higher tax somewhere. But recent web browsing brought me to an site that had a counter on the bottom of it. It was moving quite fast and after further inspection, I found it was counting the amount of money that we (The United States) had spent on the war in Iraq. So, I clicked through and ended up somewhere I didn’t expect. Frankly, I thought I would end up on a politically charged website that did nothing but bash me over the head with propaganda. But that was not what I got.
Written by Jed Pittman on December 12th, 2006 with no comments.
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According to a recent article on MSN Moneycentral, Archer Medical Savings Accounts are now, as it stands, going to be removed from the list of allowable deductions in the upcoming tax season. Of course, there is still time for things to change, but as this article about Archer Medical Savings Accounts explains, there is only a certain amount of time left until the deduction is gone.
What Is an Archer Medical Savings Account?
Before reading this article, I was not sure what exactly an Archer Medical Savings Account was and what the reason was for it existing in the first place. Archer Medical Savings accounts are the compliment to the High-Deductible Insurance Plans that have become so prevalent. Think of the United Healthcares, Cignas, etc when you consider High Deductible plans. For the most part, these are not HMO plans.
Written by Jed Pittman on November 15th, 2006 with no comments.
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If you’re thinking about buying that new hybrid vehicle you should know that you may qualify for substantial credit on your federal income tax. But you may need to act fast.
Written by Tim Schroeder on August 8th, 2006 with no comments.
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In most cases it’s not a good idea to prematurely withdraw money from your IRA before your retirement age. In addition to owing tax that might be due on the money to the Internal Revenue Service, you’ll face a 10 percent penalty charge on the amount. However there may be a few cases when you need to tap your IRA funds and the IRS offers penalty-free early withdrawal options.
Written by Tim Schroeder on May 8th, 2006 with no comments.
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People in this day and age want to be able to know exactly how much tax is going to be withheld from their wages over the course of the year. Having this information will allow a person the ability to better plan and budget for the coming year. It will also allow the person to plan for tax payments or a possible refund at the end of the year.
Written by KerriI on May 2nd, 2006 with no comments.
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