How to Choose a Tax Preparer For further tax information visit my income tax planning section. It makes sense when taking your tax information to a tax professional to do a little research as to costs, qualifications and experience. Check the person’s qualifications – regulations require all paid tax return preparers to have a Preparer [...]
Browsing Posts published in January, 2012
Tax changes for Investors For further tax related information visit my income tax planning section. The tax changes effect regular investment transactions and not qualified accounts such as IRA, Roth and other retirement accounts. For your 2011 tax return, the law applies to stock transactions and will change how your brokerage statements will reflect your [...]
Qualifications to file tax return for free online For more detailed information visit my income tax planning section at my website DFI Wealth Management. For tax year 2011 you might be wondering who gets to file their tax return for free online. The IRS has set their guidelines as the following: Adjusted Gross Income – [...]
Tax Software versus Tax Preparation Professionals Visit Income Tax Planning section for in-depth discussion on major tax issues and software programs. Tax seasons is upon us and we need to make a decision whether to attempt to complete our tax returns on our own or allow a tax professional to do so. You have four [...]
AARP (American Association of Retired Persons) I have been a member of AARP on and off for quite some years, main reason has been for the travel discounts though not that generous a discount usually around ten percent. I was reading their AARP Bulletin recently and was amazed as to how many advertisements I [...]
Identity Theft If identity theft is a concern and it should be, freezing your credit report at all three of the major credit agencies is a good start. In addition there are actions that you should take at home such as shredding credit card statements, bank and brokerage statements. When your credit card expires and [...]
Recent Changes to Purchasing US Savings Bonds Effective January 01, 2012 paper US Savings Bonds are no longer available for purchase from your financial institutions such as banks or from your employer. The only exception for a paper bond is via tax return refunds, but only up to $5,000. The Treasury now wants us [...]
Free Credit Reports Recently I read an article on obtaining a free credit report via Credit Karma that recently started a free credit monitoring service that checks your credit history daily and will email you if there is any activity on your account. Credit Karma also offers free credit score though it is not your [...]
Where to Place Your Money if Safety is a Concern Recently investors have been pouring trillions of dollars into the safety of CD’s in spite of their low yields. This increase of deposits has been due largely to the wild market swings in recent months and uncertainty in the global economy. Back in 2008 [...]
Tax Changes for 2012 It’s a new year and of course there are changes to the US tax code. The most noticeable change is the increase in the standard deduction and personal exemption. The standard deduction for a single filer will increase from $5,800 to $5,950 in 2012; joint returns will increase to $11,900 [...]
