Lower My Tax Now Blog

No paperwork means no deduction

Did you give contributions to qualified charities during 2014? Be sure to get a receipt. Tax rules are strict when it comes to substantiating your contributions. In order to take a deduction, you must generally have a written contemporaneous receipt from a qualified charity. “Contemporaneous” means you must receive…

Tax Scams

One very common form of tax fraud involves the scam artist stealing your social security number and filing a false return in your name in order to get your tax refund.

The Federal Trade Commission is urging people to file their tax returns as early as possible “to get ahead…

Going into business with a franchise

Have you ever wanted to be your own boss, but didn’t want to start a business from scratch? If so, buying a franchise might be the right choice for you.

When you purchase a successful franchise, you’re buying the right to sell a product or service using a system developed…

Some questions and answers about reverse mortgages

A reverse mortgage is a loan against your property. But, instead of you making payments to the lender as you do on a regular mortgage, the lender is paying you. The repayment of this mortgage takes place after you no longer live in your home. Here are some answers…