As with most things, there are pros and cons to filing an extension on your taxes. Let’s take a look at the pros of getting an extension to file first. Pros 1. You can avoid a late-filing penalty if you file an extension. The late-filing penalty is equal to 5...
In today’s credit-laden world it’s become very popular to consolidate debt through a home mortgage loan. However, not properly understanding the math behind this idea can add up to trouble for many borrowers who have rolled over a higher-interest-rate...
You’re working hard to pay off all those credit cards and paying extra every month on all your other loans, including your mortgage, but you never seem to make a dent in it all, right? Maybe the problem isn’t your debt, it’s your spending. Without...
Since the inception of the income tax, people have been developing methods of shifting income within family groups in order to reduce excessive taxation. The concept is simple: Spreading income among several people, especially among those in lower tax brackets, is...
If you have started a home-based business as a means to save valuable tax dollars, you know the tax savings you can enjoy. You also know that in order to enjoy those tax savings with total peace of mind, you must keep good records and document everything. This is...
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