Lower My Tax Now Blog
Homeowners: Don’t make these common insurance mistakes
Posted in Tax-Blog. Bookmark the permalink. | , January 28, 2015 | 0 Comments
Catastrophes, thefts, natural disasters, accidents, fires – they happen. If such misfortunes strike, a well-researched and up-to-date homeowner’s insurance policy can keep your family’s finances afloat during trying times. Proceeds from a homeowner’s policy can provide necessary funds to replace your house and belongings. A good policy can also…
1099 reporting deadline/ 2015 tax withholding/ Retirement contributions
Posted in Tax-Blog. Bookmark the permalink. | , January 21, 2015 | 0 Comments
February 2 is deadline for 1099 reporting. Form 1099s must be filed by businesses each year. This year the deadline for filing falls on February 2, though electronic filers have until March 31 to file. The most common form for businesses is probably Form 1099-MISC, used to report…
Update your beneficiary designations
Posted in Tax-Blog. Bookmark the permalink. | , January 14, 2015 | 0 Comments
Who have you designated as beneficiaries for your insurance policies and retirement accounts? If you can’t remember, you’re not alone. But it’s worth checking. If you make the wrong decision, it could affect who inherits those assets. In some cases, it could also change the taxes your beneficiaries will…
Congress retroactively extends tax breaks for 2014
Posted in Tax-Blog. Bookmark the permalink. | , January 7, 2015 | 0 Comments
In its final session of the year, Congress extended a long list of tax breaks that had expired, retroactive to the beginning of 2014. But the reprieve is only temporary. The extensions granted in the Tax Increase Prevention Act of 2014 remain in effect through December 31, 2014. For…
