Happy Tax Day! That's right it's April 15th, and hopefully you've already put last year's tax return to bed. If not, you still have a few hours left to file your return or an extension (here's a link to TurboTax Free Edition for those who really need … [Read more...]
How to File for a Tax Extension
April 9, 2009 By
Taxes are due in just a week (April 15th). Do you need to request an extension to file your federal income tax return? Filing an individual federal tax extension is easy if you know what you're doing. … [Read more...]
What Happens If You Owe Taxes and Can't Pay?
March 30, 2009 By
For many Americans, tax-time means a refund check. But others may owe Uncle Sam a big chunk of change. Happened to you? You’ll want to make quarterly estimated tax payments this year so it doesn’t happen again. But what if you owe the IRS but … [Read more...]
How to Avoid an IRS Audit
March 5, 2009 By
Around tax time, the mere utterance of the “A” word is enough to make even the most honest taxpayers break into a cold sweat. Tax codes are so complicated, and the IRS so stringent, that an auditor could probably find an error or two in almost … [Read more...]
How to Claim the $8,000 Homebuyer Tax Credit
February 21, 2009 By
If you will be able to claim the $8,000 first-time homebuyer tax credit this year or next, here’s some helpful information. A recently released revision to IRS Form 5405 will help you through the steps required to claim the credit. Here's some more … [Read more...]
$400 or $800 Making Work Pay Tax Credit
February 20, 2009 By
Bundled in the 2009 economic stimulus plan is the $400 ($800 for couples) Making Work Pay tax credit that will provide a tax credit in 2009 and 2010 equal to 6.2 percent of your earned income up to a maximum of $400 for individual filers and $800 for … [Read more...]
2009 Economic Stimulus: What It Means For You
February 19, 2009 By
We are all holding our breath. We all want to know. Will the 2009 economic stimulus bill reverse our wayward economy? Unfortunately, it will take months, or longer, to find out. In the meantime, we can ask what this giant government spending plan … [Read more...]
Changes to Tax Law in 2008
January 26, 2009 By
As if our federal tax code isn’t complicated enough, the Internal Revenue Service goes and changes it every year. And 2008 was no different. The IRS adjusted tax brackets, exemptions, and standard deductions for inflation and added new credits. … [Read more...]
Tax Deductions You Don’t Want to Miss
January 15, 2009 By
It’s true, the older you get and the more complicated your life gets, the more tax breaks you can claim on your tax return. But just because you’re young doesn’t mean you don’t qualify for tax deductions, credits, and other breaks. … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 