16 Ways To Turn Your Bucket List Into A Tax Deduction
Whether you want to trek the rain forest, learn a new language or sail the world, Uncle Sam might help you pay for it.
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Hot, Hot, Hot: Air Conditioning Tax Credits Have Disappeared
We’re under an Excessive Heat Warning in Philadelphia. In May. Don’t get me started about how much this stinks. I am not a fan of hot weather – especially summer weather in spring. And yes, despite what it says in the sales papers, it’s still spring for another three weeks. The Weather Channel has offered…
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A Simple Solution For Reducing Taxpayer Fraud
Some of the best ideas are the most simple. This dawned on me while chatting with a fellow tax pro at a recent networking event (okay, it was a cocktail party, same thing). The two of us spent a few minutes talking about tax fraud and the child tax credit (yes, that’s what tax professionals…
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National Ride Your Bike To Work Day Offers The Chance To Lower Your Tax Bill
It’s National Ride Your Bike to Work Day! Riding your bike to work has lots of benefits: It’s cheaper than driving (gas prices are out of control); It helps keep you healthy (something that is increasingly important); and It looks cool (trust me on this, my kids think biking commuters are awesome). You may even…
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All You Need To Know About IPOs, Going Public & Stock Options
Admit it. For weeks now, you’ve been dropping the terms “IPO” and “going public” and “stock options” in water-cooler conversation and at cocktail parties and you don’t really know what they mean. Or how they make people rich. Or why it matters to you. And it’s totally Facebook’s fault. As you know, Facebook is “going…
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Treasury Department Email Is A Scam
You have to give spammers and schemers credit for trying. They just won’t give up! This morning, my inbox was chock full of versions of the following email, which has been making the rounds since 2010: U.S. DEPARTMENT OF THE TREASURY OFFICE OF THE SECRETARY, 1500 PENNSYLVANIA AVENUE, NW WASHINGTON, DC 20220 Tel: +1-(202) 622-2000…
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The Working Mom Debate Isn’t About Kids, It’s About Money
I was finishing up with a colleague at the office when I saw my cell phone light up. It wasn’t a number that I recognized so I let it go. The office phone rang a few minutes later and my assistant advised that it was the school. Of course, it was. It was a dental…
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How Long Should You Keep Records After Tax Day?
You’d think that the day after Tax Day would be quiet – but it’s not. You see, once tax time has come and gone, taxpayers are not completely off the hook. You’ll want to keep records and documentation on hand in the event that the IRS comes calling. Here are some tips to help you…
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How To Recover From 10 Common Tax Day Mistakes
Tax Day is almost over. While that means that most taxpayers are sitting back and enjoying the day, many may be scrambling to remedy last-minute problems. Here are some common mistakes and how to fix them. 1. I can’t find my tax information. You’re not alone. Every year, taxpayers put their tax information in a…
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Better Late Than Never: Filing For A Tax Extension
You have not one but two extra days to file your taxes in 2012. Since April 15th fell on a Sunday this year and April 16th (that’s today) is Emancipation Day in Washington, D.C., you have until April 17 to file. Loads of time, right? But if you’re like me, you’re not ready to pop…