Are Annuities a Good Investment
There are two different types of annuities: deferred annuities and immediate annuities. The type of annuity you choose depends on how soon you expect to receive payments. If you are looking for a long term investment where you plan on making withdrawals once you reach retirement then you might choose a deferred annuity. If you are looking to make withdrawals sooner than you may want to choose an immediate annuity.
Either type of annuity can be fixed or variable. A fixed annuity acts like a CD from a bank but in this case it is … Read more at 2011 Tax.
The Senate Bill Enacting An Online Sales Tax
Congress is currently moving forward with a Senate bill that could place sales taxes on buyers who place orders for items housed out of state. This proposed law applies to e-commerce sites, and the main goal of this online sales tax is to generate revenue for cash-strapped state governments in jurisdictions where online retailers are headquartered. The bill has its opponents among online retail giants such as eBay, and it also has supporters among the President and a number of state government officials.
Only online retailers that gross more than $1 … Read more at 2011 Tax.
2011 Federal Tax Deductions
Everyone is looking for deductions for their 2011 federal tax situation. We’ve all heard of the mortgage deduction, the medical deduction, and even deductions for owning an electric car–but are those all the deductions you can find? It’s important to know all the deductions, so you can maximize your own personal benefits this tax season. There are many “unique” deductions that are perfectly legitimate that most individuals probably are not even aware exist. These deductions have been used in the past and are still on the books. Perhaps they might even help you this tax season. … Read more at 2011 Tax.
Getting professional help with your 2011 Federal Tax Filing would allow you to get your Back Taxes and obtain the money that belongs to you. If you have not been able to get your information ready in time, you probably missed out on the date that you were supposed to file your taxes. When this happens, you likely have money that is owed to you. However, not filing also means that you are not able to obtain this money because of the fact that you took too long to complete the filing process. If you find yourself in … Read more at 2011 Tax.
File Back Taxes
“I was underground” was the excuse Grammy-winning singer and rapper Lauryn Hill gave to explain why she did not file back taxes between 2005 and 2007. The IRS claims she owes three years in back taxes. On her Tumblr account, Ms Hill said she had not filed because she wanted to protect her family. Being “underground”, she surmised that filing her taxes would endanger herself and her family. However, the government did not agree with her and said she is facing three counts of misdemeanor for not paying back taxes on her $1.6 million income.
Ms. Hill … Read more at 2011 Tax.
There are many factors that can devalue your return during tax filing. A bit of preparation each month can saves hours of work later on. This can also net you extra money on your return, which is always a good thing.
There are several ways to prepare for your taxes a little at a time. Here we will discuss a few methods that will save you time when taxes roll around, or save you money if you are paying an accountant by the hour to prepare your taxes for you.
Save Your Receipts
Whether you are a business owner or … Read more at 2011 Tax.keep looking »