Category Archives for "Tax Loopholes"

How Low Can Tax Debt Go?

How to Settle an Old Tax Debt Do you have an old tax debt lurking in your past? If you’re interested in settling it, consider these tips. You may be able to settle an old tax debt without paying the entire amount! Try these techniques: Find out the exact amount. The amount you owe will […]

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Tax Time Tips

Feelings of dread and the tax season seem to go hand in hand. Will this be the year that you’re forced to deal with an unexpected, huge tax bill? Preparing ahead of time for the filing of your income taxes can reduce your stress. At least you won’t have to go hunting at the last […]

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Making Your Money Work

Taxes can take a significant portion of your investment gains. If the tax consequences of your investments are ignored, you’re likely to pay more in taxes than necessary. Be sure to consider the tax implications of any investment before allocating your investment dollars. Taxes on earned interest, dividend income, and capital gains all reduce your […]

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Pet Tax Deductions

Fluffy and Fido are more than just adorable pets who fill your home with love. During tax time, their presence is important. Pets can be a valid write-off on your taxes and can qualify for tax deductions.  The Internal Revenue Service (IRS) has specific guidelines for deciding if pets qualify for a deduction. Speak to […]

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Taxes and Your Inheritance

As if taxes and death weren’t bad enough, the government has managed to combine the two into a single, miserable experience. In many cases, you don’t have just a single tax to pay. There can be multiple taxes due at various points in the inheritance process. Little, if anything, can be done to reduce taxes […]

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