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12Sep 17

Your Receipts are Important: Save Them

When it comes to taking qualified deductions on your federal tax return, three things must happen: Recognize that an expense might be deductible on your tax return. Keep a record…

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05Sep 17

Stay Away from Structuring

If people manipulate cash transactions to avoid required bank reporting to the Treasury Department, they are using the technique of structuring their transactions. In an effort to identify questionable illegal transactions, financial…

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29Aug 17

Becoming a Smarter Renter

Renting an apartment, condo or house; leasing a piece of equipment; renting business property; and leasing a car all involve the common practice of renting something that is owned by…

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22Aug 17

How to Cut Car Maintenance Costs

Insurance, fuel, loan interest, maintenance, repairs, depreciation – all the expenses associated with owning and driving an automobile can take a huge bite out of your family budget. Some of…

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18Aug 17

Tips on Tip Reporting

If you are like millions of taxpayers who work in the service industry, you may receive tips. The tax code is clear; if you receive tips you must report them…

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28Jul 17

What if you Have a Casualty Gain?

You may be able to claim a deduction on your current or prior-year federal income tax return for casualty losses from sudden, unexpected, and unusual events, such as tornadoes, hurricanes,…

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07Jul 17

How Much Do You Need to Retire?

Most Americans simply don't save enough for retirement. Nearly half (45 percent) of working-age households don't have any retirement assets, according to the National Institute on Retirement Security. Of those…

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30Jun 17

Check Your Credit Score

If you haven't checked your credit report lately, this may be the time. Wrong or old information on your report can affect your credit score – and not in a…

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27Jun 17

Get to Know These Tax-Saving terms

As you begin to think about scheduling your midyear tax planning appointment, refresh your memory on the meanings of terms that can save you money. Here are three. Exclusion. Exclusions are…

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20Jun 17

A Tax Credit is Available for Adoption

If you are preparing to adopt a child, you know your life will change for the better. And, you may have also experienced the financial commitment adoption requires. However, take…

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