money section
You went to college. You borrowed from the bank. The bank is hounding you for the payments. You can’t afford to pay. What are your options and how can you get the bank off your back? Student loan debt is …
Bring home a new baby in 2011? Congratulations! Collect your income tax refund. We’re talking about collecting a tax credit for an adopted child. You’ll earn a tax credit whether you adopt domestically or internationally, but the process is different. …
Do you deserve a $500 tax credit? Depends. Did you make any energy-saving home improvements in 2011? Replace drafty windows or doors with energy efficient ones? Install a high-efficiency shower head? Swap an old wood-burning furnace for a new Energy …
We get it, we do. You don’t love idea of paying your taxes. Only a handful of Americans do: accountants, those banking on big returns, a few politicians, Warren Buffett. The rest of us aren’t really psyched about tax season. …
There’s good news and there’s bad news. Since it’s tax-related, let’s rip the bandage off quickly and begin with the bad: the IRS is economically profiling Americans, subjecting 84% more tax returns to audits in 2007. While auditees might grumble, …
So what if the trade convention you attended was held in New Orleans, during Mardi Gras and ordered breakfast in bed everyday? It’s still a business expense, as long as you can document your claims. What would the IRS …
Go greener this year by joining a car pool? It’s win-win-win for you, your colleagues and the environment. Casual car pools may not require contributions from riders, but hopefully you’re not ferrying around free-riders. Payments from pool riders aren’t considered …
Suffering from emotional distress? Well, there’s one area where you can stress less: taxes. Here’s how it works: Emotional distress isn’t the same as physical sickness or physical injury in the eyes of the IRS. However, it’s taxed that way …
