Tax Information With A Mother's Touch
Published by Eva Rosenberg, MBA, EA
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Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA |
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Tax Planning Tools Legal and Sensible Ways to Keep Your Taxes Low » Health Savings Arrangements The best thing to happend to medical expenses since penicillin. Talk about win-win-win. Everyone's eligible. You can reduce your insurance premiums, eliminate co-pays, build up retirement savings and cut your taxes, all at the same time. » Adjust Your Withholding IRS's withholding guide runs 19 pages. Another tax pro wrote an article that was originally 25 pages, cut down to 10. This isn't that complicated. Here are 5 simple steps - a short-cut for you. » Employee Benefits There are enough links on this page so you can find the information you need, whether you are an employee or employer. Don't be afraid to ask your payroll department questions. Employee benefits are the most under-utilized source of tax savings for all concerned. » Who Gets the Child? The most bitter aspect of divorce is child custody, support and the dependent deduction issue. People think that once custody is spelled out in the divorce agreement, IRS will respect that. Nope. Learn the truth - and how to use it to your advantage. Though, if you can get along and share, there are good planning opportunites. » Should you Rent or Buy Your Home Don't just look at the tax savings. They may not be enough if your income is low. Remember to take into account the appreciation of real estate in your area over the next several years. Over five years, one woman's house went from being $1,500 upside-down to having over $300,000 in equity. » Should You Buy or Lease Your Next Car? This isn't just a tax question. It's also a budgeting issue. Do you want to have to make payments forever? That's what leasing does for you. However, early in your business or career, leasing may be the only way to afford the car you want. » Retirement Plans - Something For Everyone Talk about alphabet soup! IRAs,KOEGHs,SEPs, SIMPLEs, 401(k)s, 403(b)s, solo-401(k)s...pensions, annuities,...the list goes on. See which is best for you. Though, if you're self-employed, with no employees but you and your spouse, that solo-401(k) looks great. » Solo-401(k) Talk about a cool retirement plan - you can open it up with just a little money. But you can roll over all your IRAs to it. Then you may borrow money from the plan without paying taxes. Sure, you have to pay it back - but you're paying yourself. » What is the Most Tax Friendly Place to Retire? This site provides a good overview of ALL the taxes you pay, not just income taxes. Some of those income-tax-free states have really high sales taxes or property taxes. Take a look at their chart to find the most suitable state. Remember, Alaska will PAY you to live there. » Using Breakeven Formulas to Analyze Tax Planning Strategies Consider this advanced tax planning. It took a team of Ph.D.'s to write it. Very interesting calculations for those brave enough to venture here. » How to Save Money by Donating Stock Not a simple topic, it's covered well by the Motley Fool. Lewis walks you through the steps. Bio: Eva Rosenberg, EA, writes the Internet's popular weekly Ask TaxMama column on TaxMama.com. With a tax practice spanning the globe, she's faced just about any tax question you can imagine. A popular columnist, writer and speaker, Eva does a great 'Stand-Up Tax' routine for seminars and workshops that's both funny and informative. Copyright ©Eva Rosenberg 2004 |
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| Library of Congress - ISSN 1532-0790 Copyright © 2000-2007 - Eva Rosenberg |
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