In July taxes may be the furthest thing from your mind. In 10 Important Tasks for Your Mid Year Checkup I reminded everyone to assess their tax situation. Here’s a tax question that came up recently. With sky high gas prices, it could be a situation that affects many of you.
Using Your [...]
Each tax year brings a new learning experience. This year I learned all about recharacterizations, probably too much in fact! We found ourselves brainstorming a strategy to use recharacterizations to requalify for tax credits.
Background
We found ourselves in an interesting situation last year. Because we knew our income would be lower in 2007 due to [...]
I recently joined the writing staff at Mint, a free online money management tool. I will be helping to build the library of articles in the financial core section of Mint.edu.
Today my first article was published: Smart Tax Strategies For The Big Events In Your Life.
In the article, I highlight tax tips for the [...]
Have you found yourself in a situation where you need to complete an IRA recharacterization? Here is everything you need to know to understand how to get it done on time and report it on your taxes correctly.
What is a Recharacterization?
After you make a contribution to an IRA, you can later change the contribution to [...]
Tax time is getting closer! I actually enjoy doing my taxes and find it a fun challenge to make sure we’re taking advantage of all the tax savings strategies available to us.
I’m almost done collecting tax papers according to my organized list. I’m now ready to start entering my data. Usually I use either TaxCut or TaxWise when [...]
