I typically start my day by reading emails. I generally have tons of emails from companies wanting me to sell their products to my clients. I receive emails from Real Estate Investment Trusts, Cash Value Life Insurance companies, ETF’s, Stocks and mutual funds. I even get emails trying to get me to push individual stocks and annuities! These sales pitches just aggravate me. Let me explain why. RANT WARNING!!!!
Have you ever thought about installing an inground swimming pool in your backyard? Or have you ever considered restoring a turn-of-the-century home? Chances are if you were thinking about doing one of these projects, you’d call a professional to help you complete the task. Why then do we think we can make major financial decisions that could have severe implications without ever talking to a financial advisor? Yet, all too often I see these mistakes happen, and many times people ask for help after the fact, and sometimes the damage is done. That’s why a recent phone call led me to think about this very subject.
If selling your house is in the near future, you a few things to keep in mind. For example, the sale of your home could put you in another tax bracket, that is unless you may also qualify to exclude all or part of the income from the sale. Below tax tips you need to know when you sell your home:
It’s great that you are getting a summer job! But when you’re anticipating getting that first paycheck you might be wondering to yourself “do I have to pay taxes at a summer job?” Even a part-timer like you is expected to pay the US Government their due. Yes, life is not always as Financially Simple as we would like. Here is some helpful info dealing with taxes for specific summer jobs:
As a business owner, one of the biggest challenges is keeping as much of your hard earned money as possible in your own pocket. Last year some clients of mine wanted to find a way to do just that. So I sat down with their CPA and tax attorney to come up with tax strategies to help do just that for this couple. Let me set the stage for what we did for them.
While we all pray that natural disasters do not impact our lives, the IRS reminds us taxpayers of ways to prepare before the unthinkable strikes. We can reduce the stress when it comes time to file claims or rebuild after a hurricane or other catastrophic event.