Category Archives: Tax and Money Tip of the Week

Throwing Out The Old Rules of Money #2

Retirement Planning Old School Wisdom: Convert your traditional IRA to a Roth IRA

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Throwing Out The Old Rules of Money #1

This week we will start a series regarding throwing out the old rules of money.

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Financial Aid 101

Many parents pay for college with a combination of savings and financial aid. Here are some of the basics. Continue reading

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Senate Approves the 1099 Repeal

On April 5th, the Senate passed legislation to repeal both the expanded Form 1099 information and reporting requirements mandated by last year’s health care legislation. The Act (HR4) repeals the expansion of information reporting requirements for payments of $600 or more to corporations. Continue reading

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Are You Getting the Credits You Deserve?

Tax Deductions are good….Nonrefundable Tax Credits are better….and Refundable Credits are great! Continue reading

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Coverdell Education Savings Accounts

If you meet designated income limits, you can contribute $2,000 annually to a Coverdell Education Savings Account. Although contributions are not deductible, all earnings and withdrawals are tax-free, providing that you use the money for qualified education expenses, including those for kindergarten through high school. Continue reading

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How To Speed Up A Tax Refund

Strategy: E-file your return. Continue reading

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2010 IRA Contributions

There’s still time to make a regular IRA contribution for 2010! Continue reading

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Home Office Deduction

We often hear people say they do not want to take the home office deduction because it is an audit “red flag.” However, this feeling may lead to missing out on a potentially significant and legitimate deduction.

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House Votes to Repeal 1099 Provision

The U.S. House of Representatives voted to repeal an unpopular tax-reporting requirement affecting small business owners, in what would be the first substantial change to the sweeping health-care package signed into law last year.
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