It’s an interest-free loan to the government When you get back a large refund it means the government was able to hold on to your money over the past year to do with as they wanted. And what do you get in return fro allowing them to hold your money? You get your money back.
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Taxes
Why Getting a Large Tax Refund is Bad
June 15th, 2010What To Bring to a Tax Accountant To File Your Taxes
April 14th, 2010Tax time is here again and this is the year that you don’t wait till the last minute to file your taxes, right?…..Right? Remember what happens when you don’t file your taxes or file late? If it has become a burdensome chore trying to file your own taxes, it might be time to hire a tax
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5 Tests To Determine If You Can Claim a Dependent On Your Tax Return
February 2nd, 2010Ever been in a situation where you’ve had somebody staying with you for an extended period of time? Maybe it was the relative that was going to stay with you for a “brief period of time” until they “got back on their feet”. Heard that one before? Or maybe you’ve had to have a parent
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Tax Tips For Parents
January 29th, 2010Having children is a wonderful experience that is priceless in so many ways! But they do cost you a lot! Fortunately there is some tax help for parents in the form of deductions and claims. Robert Meighan, Vice President at Turbo Tax, has listed some great tax tips for parents. Open an IRA in your
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How To Survive an IRS Audit: Tips for Small Businesses
January 21st, 2010Whether you run a consulting firm with $5 million in annual revenue or a street corner hot dog stand that brings in $20,000 a year, an Internal Revenue Service (IRS) audit of your tax returns has the potential to be one of the most stressful experiences you’ll encounter as the owner or operator of a
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What You Need to Know about Charitable Contributions Made in 2009
December 18th, 2009The end of the year is here and it is time to make sure all of your charitable contributions are in order. The holidays are a great time to feel good about donating to charity! You can be pleased with yourself for helping those less fortunate than you. Or, you can be proud to help
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How to Get the Most out of Your Flexible Spending Account
December 17th, 2009The end of the year is upon us, and unfortunately, that means many healthcare Flexible Spending Accounts are going to reset to $0 on January 1, 2010. You Can Still Spend Those Last Few FSA Dollars Flexible spending accounts are a smart way to save money on health-related expenses and receive swift reimbursement for your
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Investing Term of the Day
In the context of a futures trading account, it is the value of the securities in the account, assuming that the account is liquidated at the going price. In the context of a brokerage account, it is the net value of the account, i.e. the value of securities in the account less any margin requirements.
