Lower My Tax Now Blog

How to tell you have credit card problems

If you’re living beyond your means, you could be courting financial disaster. Here are some indicators that you need to get your credit card usage under control.

* Your income’s dwindling but your credit card balances keep growing. Lost your job but can’t seem to reign in those charge cards?…

Does your business make use of your financial statements?

Many small business owners pay too little attention to their financial statements. This is due in part to not understanding just what the statements have to offer. In fact, many may not be able to tell you the difference between a Balance Sheet and an Income Statement.

Think of them…

Age matters in the world of taxes

Are you aware of the numerous age-related provisions in the IRS code? They are probably more plentiful and significant than you thought. Here are a few examples of the age-related tax rules that could affect you and your dependents.

* At birth up to age 19 and even 24: dependency…

IRS commissioner reveals major concerns

IRS Commissioner John Koskinen recently discussed the major concerns the IRS has as it readies itself for the upcoming tax filing season. The proliferation of tax scams is a big concern with millions of taxpayers already having been taken in by scammers impersonating IRS agents. According to Koskinen, these…