Issue Number: IRS Summertime Tax Tip 2012-02 Inside This Issue The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker. An offer-in-compromise (OIC) is an agreement between a taxpayer and the IRS that [...]
Issue Number: IRS Summertime Tax Tip 2012-01 Inside This Issue During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help them [...]
Are you ready for a new financial revolution? If so, then SaveUp is for you. Save up is a new rewards program. Best of all, the goal of SaveUp is to encourage financial literacy and financial independence. So how does SaveUp accomplish this? SaveUp rewards good financial behaviors by giving people the opportunity to win [...]
Many people often need prior year tax records for various reasons. Some of these reasons include loan applications or other legal matters. Often people don’t know how to obtain this information or that the information is even available. Taxpayers can make a request to get free copies by going on line, through the mail, or [...]
Have you ever wondered what government resources are out there? Well, don’t keep wondering, simply click and take advantage of these great resources. Mymoney.gov-This site provides a wealth of resources for businesses and individuals alike. Whether you are looking to educate yourself about personal finance or looking for financial management ideas for your business, this [...]
Many people are now borrowing from family and friends due to the current economic crisis. This new phenomenon known as social lending has increased significantly over the past year. However, many fail to document the loan. This in turn leads to disputes later on regarding the money borrowed. Experts now recommend using a third party [...]
Are you a first time home buyer? Have you taken advantage of the First Time Home Buyer Credit? If not you still have time. First time homebuyers are now eligible to receive a tax credit of up to $7,500 or 10% of the home’s purchase price. This is part of the Housing and Economic Recovery [...]
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