My Money

March 2012


The Costly Tax Trap of Debt Forgiveness

By |

A lot has been written about forgiveness. Perhaps Mark Twain described it best: "Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.” But for our purposes, Oscar Wilde had the right perspective: “Always forgive your enemies--nothing annoys them so much.” And that ...

Read More

TAGS:
personal finance

4 Tax Scams to Watch Out For

By |

Tax scams occur throughout the year, but they reach their peak during tax season. Taxpayers must be careful to avoid these scams, which can lead to significant penalties and interest--and even possible criminal prosecution. The IRS has released a list of some of the most common tax scams to help ...

Read More

TAGS:
personal finance

Top Money-Saving Tax Moves

By |

Each year, Americans make changes in their lives that impact their taxes. Whether you started a new job, sent a kid off to college, or made home improvements, there are tax breaks available that could help put a few extra dollars in your pocket this tax season.

Before you file, check out these ...

Read More

TAGS:
personal finance

Avoid These 6 Common Tax Return Mistakes

By |

I never like doing my taxes. I don't know if it's because taxes are so complicated, or if I just have this image in my head of the IRS being his uncaring, evil entity just waiting for me to make a mistake so they can swoop in and penalize me. Tax season always makes me a little edgy. I'm usually ...

Read More

TAGS:
personal finance

Simple Steps to Manage Your Money

By |

Your money and how you manage it are some of the most important things in your life, since they influence where you live, what you drive, and almost everything you do. Therefore, it is very important that you manage your money properly. Here are some steps you can take today to start better ...

Read More

TAGS:
personal finance

Tips for Preparing Your Taxes

By |

If you haven’t yet filed your taxes, here are several tips that can help ensure that your tax-preparation process goes smoothly--and reduce the chances that you make a mistake on your tax return.

Gather all your records. Get all your W-2s,1099s, and any other tax materials you have together in one ...

Read More

TAGS:
personal finance
taxes

5 Easy Ways to Save at the Pump

By |

Here we go again. As if high unemployment and an eye-popping deficit weren’t enough, gas prices are once again on the rise. Some even predict that a gallon of petrol will top $5. So much for the Fed controlling inflation.

So what can consumers do today to reduce their cost of gas? There are, of ...

Read More

TAGS:
personal finance