Which do I choose?
When you or a loved one is ill or hurt you want the right care and at the best price. Deciding where to go isn’t always easy. You may immediately think the emergency room (ER) is the place to go but this may not be the best choice depending upon your symptoms. At the ER*, true medical emergencies are Continue reading
Posted in Medical Stuff
Not to be the bearer of bad news, but the IRS is intensifying and expanding its tax return audit program.
A total of 1.58 million individual returns were audited in the 2010 fiscal year, nearly 11% more than the year before. (Back in 2000, the number of audits was only 600,000.) In all, just over 1% of all personal returns were audited last year.
And so while your odds of receiving an IRS audit are already about 1 in 100, there are a few ways you can minimize your risk — and potential headaches — even further.
SOURCE: Meredith Margrave; InvestingAnswers; February 1, 2011
Posted in Tax Stuff
The alternative minimum tax (AMT) was established in 1969 to ensure that every taxpayer, particularly wealthy individuals and corporations, pay at least some income tax each year. In 1970, the first year the AMT system went into effect, it ensnared 155 high-income households.
Today, it’s estimated that at least 4 million households will be forced to pay the higher tax — a 25,805% increase in AMT payers since 1970 versus a 52% increase in the population of the U.S. It’s also estimated that up to 39% of married couples with children will qualify for the AMT.
SOURCE: Tina Orem; InvestingAnswers; Wednesday, April 14, 2010
Posted in Tax Stuff
Your Social Security benefits may be taxable depending on your other income sources. Read more on the IRS Website
Posted in Tax Stuff
Need help with tax information or filing? The IRS is here for you with many options. Check them out at IRS website
Phil Mauger (Cell WP)
Posted in Tax Stuff
Up to $5600 could be right under your nose. Did you earn less than $48,362 last year? Learn more at the IRS Website
Phil Mauger (Cell WP)
Posted in Tax Stuff
