Archive for April, 2011

How to Report Taxes on Bartering for Goods or Services

Posted by Amanda on April 14, 2011

With the recession ending recently, it turns out that bartering has made a huge comeback from ancient times. According to the International Reciprocal Trade Association, over 400,000 companies bartered in 2010. Typical examples are writers, graphic designers, and the like who design brochures, do website work, provide advertising space etc. in exchange for help with […]

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Last year was the first time that I made a significant amount of money from writing, freelancing, and my blog Frugal Confessions. What an exciting milestone in my life! Even though I wholeheartedly have planned out the next 40 years of my life financially speaking, for some reason I never opened up a side account […]

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I Hate Taxes

Posted by Madison on April 12, 2011

I recently asked readers to tell me why you hate taxes. Now that the tax deadline is almost here, if your taxes aren’t done and you are pulling your hair out, you can probably relate to some of the “I hate tax” reasons! For the rest of you, who have already filed, I’m sure you’re […]

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7 Retirement Planning Strategies to Report on Your Taxes

Posted by Madison on April 11, 2011

All year long, we discuss various retirement planning topics that will have an impact on your taxes. Of course, once tax time rolls around, it’s easy to forget why we did something the way we did, or what we were trying to achieve. Let’s walk through the various retirement tax tips from last year and […]

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Lending Club IRA $100 Sign Up Bonus

Posted by Madison on April 8, 2011

Lending Club announced a new sign up bonus for IRAs. Obviously, if you need to fund an IRA for tax purposes this bonus could come in handy. It’s our Free Money Friday offer this week. Lending Club is offering a $100+ sign up bonus for IRAs. How to Get Your $100+ IRA Sign up Bonus […]

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Wealth Distribution and the Top 1%

Posted by Madison on April 7, 2011

The Economic Policy Institute recently published the 2011 State of Working America’s Wealth and the data is fascinating. It’s also very timely, since many of us have seen our portfolios recover completely from the lows a few years ago, but we’re wondering how we stack up. Some of the highlights are obvious, including the impact […]

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Will a Government Shutdown Delay Your Tax Refund?

Posted by Madison on April 6, 2011

What happens if there is a government shutdown at the same time you file your tax return? It’s something we might find out this weekend, since there is a possibility of a government shutdown Friday night. Update: The government has officially shut down as of October 1, 2013. We will continue to monitor the impacts […]

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Are you aware that if you owe money to the IRS they can garnish your wages? What a scary prospect. Of course the IRS can do a lot more than garnish your wages; under Internal Revenue Code section 6331, the IRS can levy upon wages, bank accounts, social security payments, accounts receivables, insurance proceeds, real […]

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Tuition Deduction Versus Tuition Tax Credits

Posted by Madison on April 5, 2011

The tuition tax credits are popular right now, and I’m going to assume that many of you who are in college, or have kids in college are familiar with taking the tax credit. However, it’s the less popular tuition and fees deduction that needs some more attention from most people. College Tuition Tax Options When […]

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Chase Sapphire $100 Sign Up Bonus

Posted by Madison on April 1, 2011

Chase is back with a sign bonus for the Chase Sapphire card! I’m excited that the credit cards are increasing sign up bonuses to try to get our business again, since it means more free money for all of us. How to Get Your Sign Up Bonus Open a new Chase Sapphire card. Spend $500 […]

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