taxes

Taxi Business

Taxi Business

US $85,000.00

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Ford Mustang GT500 Conv 2008 Shelby GT500 SVT Convertible BRAND NEW NO taxes

Ford Mustang GT500 Conv 2008 Shelby GT500 SVT Convertible BRAND NEW NO taxes

US $51,950.00

Sale

What happened to personal accountability?

The $700 billion bailout package has raised a lot of eyebrows on Main Street. After all, isn’t it Wall Street’s fault for making all these risky investments that went bad? If so, why on earth would the government want to use taxpayer money to bail them…

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IRS Mileage Rate Increased for July-Dec 2008

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Citing higher gasoline prices, the IRS has increased the optional business standard mileage rate from 50.5 cents per mile to 58.5 cents per mile for July-December of 2008. Taxpayers can use the optional standard rates to calculate the deductible costs of operating an automobile for business. This is also [...]

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Perfectly Legal Book Review

My latest book review is for Perfectly Legal: The Covert Campaign To Rig Our Tax System To Benefit The Super Rich - And Cheat Everybody Else.
When I first heard that Perfectly Legal was written by someone who works for the New York Times, I was hesitant to waste my time, fearing that the book would [...]

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Can You Ever Be Debt Free?

For a long time now, I’ve been free from all non-mortgage debt. As I quickly pay off my mortgage, I can already imagine the day when it too will be gone. While some people claim to be debt free in my current situation, nearly everyone would agree that I’ll be debt free once [...]

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2008 IRS Economic Stimulus Payment Schedule

The IRS has released the schedule of when economic stimulus payments will be issued for most taxpayers who filed their 2007 return by April 15th. I say most because a few taxpayers will get their payments later than this schedule, regardless of when they filed, due to the complexity of the amount of their economic [...]

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Taxes Due on Cancelled Debt

Creditors may forgive, but the IRS won’t forget. That’s the takeaway for many types of canceled debt. The forgiven debt is often seen as income subject to taxes.
For example, if you are unable to pay your credit card bill and negotiate with the card issuer to a reduced amount, the amount of reduction [...]

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Favorite Personal Finance Stumbles - April 20th Edition

My favorite personal finance and business sites that I found through stumbleupon last week are included below. These sites either had useful information, were informative, or simply entertaining.
For those unfamiliar with stumbleupon, it sends you to a random website that matches your interests. You can then give that site a thumbs up or [...]

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Tax Payer ALERT! The Gov’t Wants To Bail Out Troubled Homeowners

Is there a tax-payer funded (err… “government sponsored”) bailout coming for honeowners? Momentum appears to be building for a broad-based program to bail out folks that bought homes in the boom times and can no longer afford to make their payments …

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2008 IRS Estimated Taxes: Why, When, and How to Pay

One of the side effects of filing our taxes each year is that many of us are introduced to estimated taxes. Depending on your situation, you may have to pay estimated taxes, but some people choose to do so as well. If you owed money with your 2007 income tax return paying estimated [...]

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The Fear of a Deadline Like April 15th

Just hearing today’s date out load can send shivers down the spine of many a taxpayer. While the deadline to file your taxes may seem scary to some, it really isn’t much different than most other deadlines. Filing your taxes may invoke fear in addition to the actual time crunch, such as fear [...]

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Rebate for the Rich? Stimulus Plan Has Something For the Wealthy, Too!

P2P-Loans.com came accross this Fortune magazine article and thought our readers might like to know more about the stimulus plan (even if you don’t qualify for the rebate check, READ ON). In a previous blog post, we wrote about the tentative stimulus …

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Free Software & Other Stuff - No Need To Pay Anymore (PhotoShop, Google, Tax Prep, Coupons and More)!

There is nothing like free to get my blood flowing. There is a reason that this single word is one of the highest cost words on Google AdWords since I don’t know of anyone in this world that doesn’t like free stuff. So, I thought I would try to summar…

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GOOD NEWS - Your Home’s Value is Falling! (huh?)

The rapid decline in housing values has been a bit shocking for many folks and has resulted in a lot of lost wealth (did we ever really have that money to begin with)? According to Standard and Poor’s Case-Shiller index, home prices have dropped an av…

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Prosper Taxes

The following is for reference only.  I am not a tax advisor nor am I offering any advice on your taxes.  If you have specific questions about you situation you should consult with a tax professional.  This information should apply to Lending Club as well.  However, since I do not have any form of 2007 [...]

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What Does the New $150 Billion Fiscal Stimulus Package Mean to You?

Sign up for our email list (CLICK HERE) if you wish to receive our postings in your inbox.———————–Today, Congress and President Bush announced a tentative agreement on a fiscal stimulus package to help avoid what many believe is an impen…

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Tax Info Shoebox

The start of a new year also signifies the end of the previous tax year. Even though April 15th still seems like a long way off, creating a system for organizing your taxes now may save you time, and money, later.
I called this post the tax info shoebox because that’s my organization method. There always [...]

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Tweaking Your W4

In his article entitled 5 Ways to Maximize Your Tax Savings Now, Marshall Loeb started out by suggesting that you can get part of your tax refund early by filing a new W4 with your employer to reduce your deductions.
If you are one of the majority of taxpayers that normally gets an income tax refund [...]

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Paying for College: The 529 Savings Plan

Sometimes you might be looking to invest for a longer term than what Lending Club offers. One of the ways to do so when saving for college is by using the 529 Savings Plan. This plan is named after section 529 of the Internal Revenue Code. It is a savings plan specifically set up to [...]

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Investing Versus Paying Off Debt

Any time you have some extra money, you may wonder if you are better off investing the money or paying off your debt. The basic answer is that you should apply the money to the higher interest rate, but, as you’ll see below, that may be more complicated than you think.
When I say to apply [...]

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5 Tips to Taking Control of Your Finances

Many people do not feel satisfied with their finances. Even some millionaires are not happy. This unhappiness or lack of satisfaction sometimes comes from not being in control of your finances. You lose control when you become dependent on others. Being dependent allows factors from the outside to control your finances.
Becoming financially [...]

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How does Prosper compare to other investments?

There are many different ways to measure an investment. We might ask questions like: What is the potential return? What is the risk? What about liquidity? What fees are involved? What are the tax consequences for the investment returns? Are there t…

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Backwards Thinking on Mortgage Interest Deductions

For most Americans who have a mortgage, interest paid on their mortgage will likely be one of their largest tax deductions. Misunderstanding this deduction is common and often leads to poor decisions.
The mortgage interest deduction will reduce your taxable income. This means that the taxes you pay will be based on a smaller amount. It [...]

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