Welcome to the November 13, 2012 edition of Tax Carnival Ecstasy. In this edition we some really good articles including one from Bill Smith who looks at Saving Money and Time On Taxes this coming tax season. John Schmoll examines the Fiscal Cliff and whether we Should We Really be Concerned. Have you ever wondered if the S&P has a Seasonal Pattern? Alex Peters has an article covering the topic. Finally, Dave Leonard wants you to reconsider Paying your Taxes With a Credit Card. Hope you come back soon, like us on Facebook, tweet this post, bookmark and share with … Read more at 2009 Tax.
For the self-employed, tax time can be an entirely different experience than for those who are either employed by another company or own their own business. Being self-employed means that you are technically both an employer and an employee, and are at times responsible for paying taxes on issues that affect both.
Taxes are already complex enough for the average individual, but that situation is exacerbated by your current status. As a result, it may be wise to talk to an accountant, as they can not only find special deductions and benefits, but save you the time and anxiety of … Read more at 2009 Tax.
Starting your own business allows you flexibility and control of your financial future. While the thought of writing yourself a check from 401k funds to start a business may sound easy, there are several steps to consider while thoroughly reviewing the process. There are tax penalties to understand and if your business doesn’t pan out as well as you had hoped, you could lose more than your retirement funds.
The use of additional resources such as a financial planner or a retirement plan administrator will help you review options. You may have the option to roll over 401k funds into … Read more at 2009 Tax.
Handling tax debt is different from how you handle other debts, but you need not worry because for sure you will be able to work a good plan that will reduce your balances. Here are several ways that you can start drafting out a plan:
Check your tax return documents for any corrections
The first thing that you have to do is to collect all your documents of tax return and check if all the entries are correct and that you were not overcharged for something. Nevertheless, if you do not have any idea about this type of things you … Read more at 2009 Tax.