Category: Personal Finance
Being Proactive in your Tax Life
Being proactive in your tax life – TIPS Tax season is already in full swing. By the time you read this article you should have received most, if not all, of your tax documents. Be kind to your CPA, please do not wait until the last minute to drop off your items. A recurring issue […]
Why Estate Taxes Get Complicated
Prince Died Without a Will – Why Estate Taxes Get Complicated What happens to the estate when someone dies without a will? Usually when a famous person dies, news of their death travels fast, far and wide. Living relatives and those claiming to be relatives will come forward staking their claim on estate assets. If […]
Exemptions for the Form 8965 Health Care Coverage
There are several coverage exemptions available for the 2015, Health Care Coverage form 8965 that most people who prepare their own tax returns don’t know about. For Instance, if a coverage exemption was granted by the Marketplace, enter the Exemption Certificate number provided by the marketplace. The following are some exemptions available to taxpayers: If […]
Fraud Abuse and the Elderly
With the recent death of Harper Lee, the famous author of “To Kill a Mockingbird”, it was recalled that Lee herself had been a victim of financial elder abuse a few years earlier. According to a lawsuit, Lee’s former publisher had “duped” Lee into signing over the copyright to the novel in 2007. Lee had […]
Financial Planning for Life
Financial planning over your lifetime is key to a stable financial life. The importance of financial planning over your lifetime is key to a stable financial life. Once a person becomes employed, goals need to be established for financial success. Saving a portion of your income from each paycheck should be a priority in order […]
Estimated Taxes
September 15, 2014 is the due date of the next scheduled estimated tax payment for individuals. What exactly are estimated tax payments and why would you have to make them? “This question comes up each year”, says Harry E. Hunter, President of Hunter Consulting. Harry talks about estimated taxes, what they are and who must […]
How long to retain records for tax purposes?
You’re determined to finally clean out that overflowing file cabinet chock full of records and documents saved for tax return support. Has enough time passed? Can your shedder finally get a good workout? Harry E. Hunter, President of Hunter Consulting discusses document retention and how long to retain records for tax purposes. Harry: One of the most […]
Divorce and Taxes – Tax Implications Of Divorce
Divorce, already emotionally stressful, can also wreak havoc on your finances. It’s easy to overlook the tax implications of a divorce while dealing with the emotional parts. Taxes after divorce present a myriad of issues from tax filing status to alimony. Linda Smith, Enrolled Agent and Certified Divorce Financial Analyst, lays out some commonly overlooked […]
Financial Challenges of Elderly Parents
The financial challenges of caring for elderly parents are many. The sheer weight of it all often leads to feelings of inadequacy and hasty decisions can cause financial distress. It begins with communication and getting past the “financial discussions are private matters” many of us heard while growing up. Valerie McLaughlin, of Qual-i-Tax, Inc. in […]
Personal budgeting and money saving tips
Who couldn’t benefit from increased Personal Financial knowledge? Learning how to budget, money saving tips, debt consolidation, picking the right personal financial software – everyone approaches money differently, but there are some solid methods that have endured through the ages. We’ll tap the expertise of Certified Financial Planners and Daily Money Managers who work with […]
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