Top 5 Missed Tax Deductions TOP 5 MISSED TAX DEDUCTIONS How many times have you done your taxes, and a week or a month later realized you forgot a deduction? The tax law is very complicated, so it's easy to miss a deduction or two In my experience, these are the top 5 missed deductions 1 Non-Cash Donations Did you clean out your closets this year? Chances are you donated those items to Goodwill or a similar non-profit organization The value of donated items (clothing, furniture, etc) is deductible ...

Protecting Your Assets Have you ever wondered what would happen to your assets if you were sued, in a car accident and it was your fault or if you became disabled or even died? Most people consider this question but do very little about taking the necessary steps to protect their assets The first thing to do is to have a plan in place before anything bad happens to you Even if you are one of the luck ones and ...

Debt Settlement Income Taxes – What You Need To Know Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balance is forgiven This technique will certainly continue to grow in popularity now that the new bankruptcy law makes it tougher to fully discharge debts in a Chapter 7 ...

Collecting The Levy The Financial Management Service (FMS) is a bureau of the Department of the Treasury, to provide a centralized debt collection service to most federal agencies The FMS has begun utilizing two Congressionally mandated federal debt collection programs One is devised to collect delinquent non-tax debt by neutralizing federal payments and the other is to collect delinquent tax debt from those individuals who receive federal payments The Tax Payer Relief Act of 1997 authorized the IRS to collect ...

Free Money for Your Retirement? It can be more than a little discouraging to start making retirement planning calculations You’ll usually find that to achieve the annual retirement income you want, you need to be saving a lot more than is practical Suppose, for example, that you use a program like Quicken or Microsoft Money to determine that your retirement savings should equal to $5,200 a year—which is the same as $450 a month (This savings amount will produce roughly $15,000 ...

Finding Lost And Unclaimed Superannuation Thousands upon thousands of Australian employees and employers have billons of dollars in unclaimed or lost (superannuation) Super So how do you know if you are one of the 43 million Australian with unclaimed or lost Superannuation, who have every right to claim this pool of almost 43 billion dollars? Anybody who has worked for any amount of time at one stage or another has had employer contributed superannuation funds deposited into one of the many hundreds ...

Finding Lost And Unclaimed Superannuation Thousands upon thousands of Australian employees and employers have billons of dollars in unclaimed or lost (superannuation) Super So how do you know if you are one of the 43 million Australian with unclaimed or lost Superannuation, who have every right to claim this pool of almost 43 billion dollars? Anybody who has worked for any amount of time at one stage or another has had employer contributed superannuation funds deposited into one of the many hundreds ...