When is the 2010 tax deadline for your 2009 tax return? As a tax junkie, the date is etched in stone in my mind. However, I realize that not everyone knows when taxes are due. The 2010 tax deadline for your 2009 tax return is April 15, 2010.

Tax Deadline Postmark

Whether or not you meet the tax deadline is based on the postmark. You must have your taxes postmarked by the deadline, but the IRS doesn’t need to receive your taxes by the tax deadline. If you are using TurboTax, just make sure to print out your entire return and have it to the post office before closing time on April 15.

Growing up, I remember when my mom used to volunteer at the post office every April 15. They would help taxpayers finish their returns and get them in the mail. It was like a big tax party, and they even served refreshments!

Of course, now that efile is so popular, there isn’t as much activity at the post office. However, there are still many people who mail their return in. If you are efiling, you’ll also need to submit your return electronically by April 15.

Tax Extensions

If you file for an extension, your tax return will be due on October 15. You can file Form 4868 to get an automatic extension. However, you still have to pay the tax due by the original tax deadline on April 15.

Tax Deadline Extras

While you are working on your tax return, there are some other deadlines that fall on the same day as the tax deadline.

Retirement Contributions. The tax deadline is also the deadline for making contributions to your IRA and Roth IRA.

Estimated Tax Payments. If you make estimated tax payments, April 15 is also the same day that that estimated tax payments are due for first quarter.


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Like many people, you may have resolved to pay off debt or otherwise get your finances in order this year. If so, one of the first things you should do is pull a credit report on yourself and your spouse.

If you are planning to purchase a house or apply for any other large loan, you should pull a report before securing financing, even if it means paying. For everyone else, you should take advantage of the Fair Credit Reporting Act and get a free credit report from each of the major credit bureaus every year.

Why Checking Your Credit Report is Important

Your credit report is like a biography focusing only on the credit you have applied for, received, and used in your lifetime. It tells lenders and potential lenders how long you have used credit, how much credit is available to you, how much you are currently using, what types of credit you take advantage of, and whether you have made payments on time. Everything from mortgages to credit cards to library fines can be reported here – as I learned the hard way when I let an $8.00 library fine slip my mind!

The factors on your credit report are taken together to give you a credit score. Any time you apply for new credit, a note is made on your credit report and your score is adjusted accordingly. Lenders use this information to decide whether you are a worthy borrower. When there are mistakes, your credit score could suffer and you could be denied credit. Often mistakes are the result of a similar name or a Social Security number off by one digit. In rare cases, mistakes on your credit report are actually the first sign of identity theft. Regardless of their source, mistakes on your credit report can end up costing you time and money if debt collectors come after you for bad debts. Left uncorrected, they can also lead to higher interest rates on credit you do request, such as a mortgage or auto loan. By checking your report regularly, you can spot mistakes as soon as they happen and sort them out before they cause you any trouble.

Getting Your Free Credit Report

There are three major credit bureaus (TransUnion, Equifax, and Experian), and each is required to give you a free credit report every 12 months. You can space these out to get one free report every four months, rotating through the different bureaus. The three reports will be very similar, but some accounts may only be reported to one or two of the agencies. To get your report online, follow these steps:

  1. To start, go to annualcreditreport.com. This is the only site authorized by the government to give you your credit report absolutely 100% free.
  2. Enter your state, and click Request Report.
  3. Enter your information on the following screen.
  4. Next, choose which of the bureaus you’d like to request your report from. You can choose one or all of the three major bureaus. If you’re applying for a mortgage, you probably want to view all three. Otherwise, choose one now and save the rest for later. You will now be transferred to the website of the bureau(s) you selected.
  5. Once at the website, follow the instructions to view your report!
  6. Check to make sure that all information reported is correct. If you see anything that you do not recognize, or see an account listed as delinquent even though you know you paid, follow the instructions to dispute the item.
    Repeat every four months, cycling through the various bureaus.

Annualcreditreport.com is very safe, but if you’d rather not give out your personal information over the internet, you can also request a free report by phone or mail.

Other Places to Check Your Credit Report

You can also get free credit reports at myFICO and Credit Check Total. But beware – to get the free report you will have to sign up for a free trial of a paid service. You must cancel the service before payment kicks in to make this report truly free!

Another option is to visit Credit Karma. They do not give you an official credit report, but do give you a free credit score as well as a “report card” on what is contributing to your score – if something on the report card seems a little off, you can then pull one of your free credit reports.

However you choose to do it, it’s important to check your credit report at least once a year just to make sure everything is on track as well as before applying for any major credit. Correcting mistakes now can help you save lots of money – and stress – in the long run!


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It’s Free Money Friday and this week’s is a good one! TradeKing is offering existing customers $100 for referring a friend. Hurry because the offer only lasts until February 11, 2010.

How to Get Your TradeKing Referral Bonus

  1. Log into your TradeKing account, or sign up for a new TradeKing account if you don’t have one yet.
  2. Enter your friends’ email addresses in their Refer a Friend dashboard and press “Send.”
  3. Every time someone you refer funds their account with at least $1,000 and executes a trade, TradeKing will deposit $100 into your account.

TradeKing Terms and Conditions

  • There is no limit to how many friends you can refer.
  • TradeKing won’t use your friends’ emails for any purpose other than sending the referral message.
  • Offer ends February 11, 2010.

More on TradeKing

Cheap Trades. $4.95 per trade (market or limit), which includes stock and ETF trades. Options have an additional 65 cents per contract. Mutual funds are $14.95 per trade.

Investment Tools. TradeKing offers all clients free access to their suite of investment research tools, like Maxit Tax Manager, Stock and Option Trading Screeners, MarketGrader Research Reports, Probability Calculator, Technical Analysis Tool, Profit and Loss Calculator, and much more.

If you don’t have a TradeKing account yet, you can sign up for a new account. For more information on TradeKing, check out our TradeKing review.

Sign Up for TradeKing

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I find the story about Craig Cunningham very intriguing. His debt collection story was featured in Better Off Deadbeat.

When credit was free flowing, he borrowed over $100,000 and invested in risky stocks and the sub prime mortgage industry. The greedy extension of a well planned credit card arbitrage strategy.

Of course, the recession hit, and now he’s in up to his eyeballs with bill collectors. Except, instead of paying them back, he sues them. And he’s actually quite successful at it; he’s earned settlements totaling more than $20,000.

He’s sues the debt collectors based on violations of the Fair Credit Reporting Act and other consumer protection laws. The debt collectors call him a “credit terrorist” since knows the game and teaches others how to bait the collectors. He’s actually a regular at Fatwallet, and has become somewhat of an expert on suing debt collectors. Here’s an example: Codename47 vs. National Credit Solutions.

I’m all for making money where opportunities present themselves, but I’m also a firm believer in paying back debt.

I’ll stick to making my money with things like the Chase Sapphire $100 Sign Up Bonus and the PerkStreet $50 Sign Up Bonus, which was just extended, in case you missed it the first time around!

What do you think? Credit terrorist or twisted genius?

Retirement

Investing

By the Numbers

And More!


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Over the holidays I had the privilege of being a part of a very momentous occasion: my grandparents’ 50th wedding anniversary. Celebrating 50 years of love, triumph, children, tears, and joy was such an overwhelmingly wonderful feeling, and one that I hope all of you can experience in either your own milestone anniversary, or through the celebration of others’.

For the occasion our family all chipped in and threw a party with 120+ guests (a couple meets many friends and acquaintances over 50 years of marriage!) We basically threw a second wedding, complete with a DJ, mini-bar, food and slide show. We did not set an overall budget; however, each of us found very effective ways to keep the costs under control. Below are some suggestions for how to throw a successful anniversary party for someone that you love.

Divide and Conquer

The first step is to decide who can chip in with money, and how to delegate the tasks. For our family the daughters and sons took care of the food/bar, cake, DJ, location, while the grandchildren (we are all in our 20s or older) all chipped in for the favors and decorations. After reading through the rest of this article, and getting an idea of what you want the party to be like, sit down with the people who can chip in and figure out a loose budget to work with. Instead of setting a budget, you could also get a commitment from everyone on how much they can contribute, and plan the party from there.

Food for an Army

Perhaps for their actual wedding our grandparents had their food catered, but to save on costs each of my aunts and uncles cooked a dish with enough servings to feed 120+ guests. Two long tables were set up for a buffet, and we borrowed catering heating trays to keep the food warm. Dishes that are inexpensive to make, will fill up a hungry crowd, and just plain taste great, include: macaroni and cheese, meatballs and fresh parmesan cheese for meatball sandwiches, turka cabbasta (okay, that is phonetically spelled; it is a traditional Hungarian dish in my family that is basically pigs in a cabbage blanket with ground up meat, rice, tomato sauce, etc.), potato salad, pasta salad etc.

A three-tiered cake was purchased at a grocery store bakery for a fraction of the cost of a comparable cake from a bakery (and yes, the icing was real and not imitation whipped). A way to save even more money on the cake would have been to get a sheet cake versus the tiered cake.

Decorations on a Budget

The traditional 25th anniversary color is silver, and the traditional 50th anniversary color is gold. Both of these colors are abundant around Christmas time, and thus decorations in these two colors are severely discounted each year in January. We took advantage of an abundance of discounted votive candles, gold pillar candles, gold Christmas balls, gold charger plates, and tulle fabric. The centerpiece for each table was the charger plate with candles, gold balls strung and clustered together then wrapped with tulle fabric to soften the gold color. White plastic tablecloths were purchased at the Dollar Store.

Flowers

The only flowers that were purchased were the boutonnieres for our grandparents. The morning of the party we went to Wal-Mart and purchased two red roses. Gold leaves were hot glued to the backs of each of the red roses to frame them, and each was pinned onto the guests of honor when they arrived.

Music and Entertainment

In order to keep costs low, a friend of my parents offered to bartend the event, and another friend of my parents offered to play photographer for the night. Even though a DJ was hired, it is also an option to set up an iPod or MP3 player, borrow some speakers or a sound system from someone’s home, and play special music all night long.

We also had two DVDs made from photos representing 50 years of memories. This movie of photos played on a wall throughout the party. Periodically during the year you can find sales at drugstores such as Walgreens or CVS to make these types of DVDs cheaply. You can collect photos from family members, or snag the photo albums from the couples’ home (like we did). To create a screen, you can tack white sheet paper or even a white sheet onto a wall.

The Thought That Counts

No matter what time, energy, and money you are able to put into this, remember that it is truly the thought that counts. Your friends, parents, grandparents, or other family members will be absolutely surprised and feel loved when they find themselves in a room surrounded by people who want nothing more but to celebrate their love, and the family and lives they have created. Enjoy!


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