Protect Yourself from Social Security Scams Scammers are pretending to be government employees. Scammers will try to scare you and trick you into giving them your personal information and money. They may threaten you or your family and may demand immediate payment to avoid arrest or other legal action. DON’T BE FOOLED! IF YOU RECEIVE …
The purpose of this post is to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are five powerful business tax deduction …
Dear Client: You must consider the vacation home rules when you • rent a bedroom in your home and also use it personally, or • rent your beach home (or any other home you own) and also use it personally. Personal Use of the Dwelling Rent or use by relatives. Personal use includes more than …
When moving your retirement money to an IRA, you should follow this one rule of thumb. If you fail to follow the rule I’m about to reveal, you can face two big problems. • First, your check will be shorted by 20 percent. • Second, you will be on the search for replacement money. Here …
Tax Traps to Avoid in Retirement By Charles Sherry, M.Sc. “Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.” It’s a quote that comes down to us from Benjamin Franklin, who uttered the phrase in 1789. …
Here’s a link to an important article about keeping a eye on your social security earnings records. There are strict time limits on fixing any errors in your social security earnings record that you need to be aware of. Not correcting the error(s) in a timely fashion could cost you benefits for a lifetime. http://socialsecurityintelligence.com/check-your-social-security-earnings-statement-before-its-too-late/ …
Time Limit to Correct Social Security Earnings Statement Before It’s Too Late! Read More »
Traditional individual retirement accounts (IRAs) became available in 1974 and have been around ever since. This makes your odds of inheriting a traditional IRA pretty good. The purpose of this letter is to look at some of the rules that apply when you inherit an IRA from someone other than your spouse. Traditional …
How To Handle a Traditional IRA Inherited from a Non-Spouse Read More »
Tips For Real Estate Investors If you are a real estate investor I’m sure you are familiar with a number of tax laws and strategies that real estate investors encounter frequently and not so frequently. Things like: *Tax Rules and Solutions at Purchase and During Ownership of Real Estate *Living With the Passive Loss Regulations …
Tax Tips For Real Estate Agents You, as a real estate broker or agent, have two ways to grow your real net income: 1. Financial Offense 2. Financial Defense Financial offense boost your income. Get more listings, more showings, more closings, sell more expensive properties, add additional services and the like. Financial offense is hard …
Well, they did it. They drug it out to the last minute, but they did it. Weeelll, they did some of it. And I’d really like to thank all of them in Washington for dragging us through this during the holidays and leaving us to sort this all out this morning while at the same …