Business and Tax Tips
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Idette Brown-Vaughan, Directory Owner
| Your Questions Answered. What Do You Think? |
1-On the job injury and Social Security Worker’s Compensation
2-Work Clothing: Uniform or Street Wear?
3-Classroom Expenses
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Posted on Aug 07, 2006 21:19pm by JSREISMAN
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| What Happens To Your Credit Report When You Divorce? |
What’s the Answer:
A. Your joint accounts are immediately assigned to only one person.
B. Joint account balances are divided according to the individual’s own liability.
C. Joint accounts remain a joint responsibility until the account is fully paid or closed.
D. Once your divorce is official, your credit report starts over.
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Posted on Jul 30, 2006 10:46am by JSREISMAN
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| Why should you file an Amended Tax Return? |
A. To correct a filing status.
B. You used the wrong stock basis in a prior year and paid too much tax.
C. A natural disaster destroyed your home.
D. You filed a short form (1040A or 1040EZ) and you realize you could itemize.
E. All of the Above.
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Posted on Jul 25, 2006 00:10am by JSREISMAN
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| Daily Money Managers Help Seniors Control Finances |
There’s a growing professional group of caring individuals called “daily money managers,"
who help the elderly with day-to-day financial tasks.
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Posted on Jul 16, 2006 21:53pm by JSREISMAN
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| The New Kiddie Tax |
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Not having a lobby in Congress, a child, for tax purposes, is now anyone under 18 years old, instead of 14. This means that the under 18 year old will now have his investment income taxed at the parents’ rate, which is usually higher than the child’s.
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Posted on Jul 09, 2006 21:18pm by JSREISMAN
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| Looking For Extra Money? Begin Now to Lower Next Year’s Income Tax |
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If you’ve already filed your 2005 tax return, you probably feel very relieved that you don’t have to think about taxes until next year. Guess what? You might be losing some money. So dig out the tax return, a calculator, and last week’s pay stub, and start your 2006 savings.
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Posted on Jul 04, 2006 12:49pm by JSREISMAN
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| Is your College-Bound Kid Being Profiled? |
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If your child is looking forward to attending college, you’re probably familiar with the FAFSA, but did you know there is another financial aid form? It’s call the College Scholarship Service (CSS) Profile. This ‘other’ financial aid form is required by many private colleges and universities (about 600) to determine the financial aid package, and is found at: http://profileonline.collegeboard.com.
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Posted on Jun 25, 2006 21:06pm by JSREISMAN
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