Lower My Tax Now Blog
Stay Alert For Holiday Fraud
Posted in Tax-Blog. Bookmark the permalink. | , December 18, 2013 | 0 Comments
Thieves and con artists thrive during the holidays. All that good cheer, all those weary and distracted shoppers, all that money being spent – it’s a fraudster’s paradise. Here are a few tips to keep the bad guys at bay, whether you’re shopping online or at your local mall.
• Stick…
Tax Strategies for Charitable Giving
Posted in Tax-Blog. Bookmark the permalink. | , December 11, 2013 | 0 Comments
Now that the holiday season has arrived, you might decide to step up your charitable donations to boost your deductions for 2013. Here are six timely strategies.
1. Audit-proof your claims. The IRS imposes strict substantiation rules for charitable donations. In fact, you’re required to keep records for all monetary…
Time is running out for 2013 tax cutting
Posted in Tax-Blog. Bookmark the permalink. | , December 4, 2013 | 0 Comments
There’s not much time left for you to make beneficial tax moves for 2013. Consider these possibilities.
* Maximize retirement plan contributions. For 2013, you can put $17,500 in a 401(k) plan, $12,000 in a SIMPLE, or $5,500 in an IRA. If you’re 50 or older, you can set aside…
Don’t let taxes cloud your economic decisions
Posted in Tax-Blog. Bookmark the permalink. | , November 27, 2013 | 0 Comments
Some tax-cutting strategies make good financial sense. Other tax strategies are simply bad ideas, often because tax considerations are allowed to override basic economics.
Here’s one example of the tax tail wagging the economic dog. Let’s say that you run an unincorporated consulting business. You want some additional tax write-offs,…
