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Tax Planning

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How To Make Quarterly Estimated Tax Payments

by Miranda Marquit on March 4, 2010

in Tax Planning

This is a another guest contribution by Miranda Marquit.

If you are self-employed, it can be a good idea to make quarterly estimated tax payments. Making regular tax payments can help you avoid paying interest penalties, and it can shield you from the hardships associated with a large tax bill once a year. Others who should consider making quarterly estimated tax payments include investors and landlords whose tax withholding from a regular job may not be enough to cover the full amount of your tax bill. You will need to make quarterly tax payments as follows: April 15, June 15, September 15, January 15.

How To Make Quarterly Estimated Tax Payments

How To Make Quarterly Estimated Tax Payments

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What To Bring to a Tax Accountant To File Your Taxes

February 22, 2010 Tax Planning
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Tax time is here again and this is the year that you don’t wait till the last minute to file your taxes, right?…..Right? Remember what happens when you don’t file your taxes or file late?  If it has become a burdensome chore trying to file your own taxes, it might be time to hire a [...]

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How to File Taxes with Your 1099’s

February 18, 2010 Tax Planning
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Tax time is coming!  Now is the time of the year when you start getting all your tax documents in order and either start calling your accountant or fire up Turbo Tax to get it done before the deadline.   One of the most common tax documents that everyone receives is the 1099.  Most everyone has [...]

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Missed Tax Deadline? File an Extension

February 16, 2010 Tax Planning
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This is a guest post by JoeTaxpayer. With the tax deadline quickly approaching, I asked Joe to share the steps and reasoning that one would need to file an extension.  As a reminder, here’s what happens when you file your tax return late or not at all.
You’ve just been busy, I know, me too. Your [...]

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Tax Tips For 2010

January 18, 2010 Tax Planning
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The Bush tax cuts are set to expire – and other big changes are poised to occur.
Do you see a warning light flashing? Americans with high net worth and high incomes are preparing for the likelihood of higher taxes in 2011 and subsequent years. High earners are almost certainly going to take the hit if [...]

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Tax Information Checklist: Get Ready to File Before The Deadline

January 8, 2010 Tax Planning
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Before you know it, the 2009 tax-filing deadline will be here again. Wouldn’t you rather be watching your favorite television show—or doing something else that you enjoy—on the evening of April 15, 2010, instead of rushing through your tax forms to make a midnight postmark? By organizing your tax information now and getting checklist together, [...]

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Tax Planning Demystified

December 16, 2009 Tax Planning
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Tax Planning: What Is It Good For?  The very last thing on most people’s minds during the holidays is tax planning. But planning your taxes now can save you money on your tax return and potentially make you money on a refund! You may not plan on filing your tax return until April (find out [...]

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Year-End Financial Moves for 2009

December 11, 2009 Financial Planning
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Fall is the time to consider some year-end financial moves – little and not-so-little things you might do to plan to improve your financial position.
You could put more in your 401(k) and take advantage of tax-deferred growth. As you only get one chance to save for retirement and an annual deadline to make retirement plan [...]

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$8,000 First Homebuyer Tax Credit is Extended and $6,500 Credit Added

November 19, 2009 Tax Planning
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After unanimous passage in the Senate and a 403-12 passage in the House of Representatives, President Obama signed H.R. 3548 into law on November 6. The bill extends and expands a key tax credit for home-buyers while also offering more help for those out of work.
The $8,000 credit for “first-time” home-buyers continues. This tax break [...]

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Don’t Forget These Last Minute Tax Breaks for 2009

September 25, 2009 Tax Planning
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The year goes by, you get busy … and tax-saving opportunities slip away. Don’t worry, this post is for you.  Before 2009 passes you by, here’s a quick look at some last minute opportunities. This article is here to reacquaint you with some of the notable federal tax breaks offered this year.  Before we start, [...]

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First Time Homebuyer Tax Credit Could Be Extended

September 18, 2009 Tax Planning
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Update 11/9/2009: Look like they not only extended the $8,000 First Time Homebuyer Credit, but they also added a $6,500 credit to current homeowners. Time will tell to see what the long term effects will be to the economy.
The First-Time Homebuyer Tax Credit has helped immensely in getting first time home buyers into their [...]

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The American Opportunity Tax Credit For College

August 31, 2009 Tax Planning
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photo credit: jfew
Saving for retirement is hard enough.  Attempting to fund the nest egg with kids in college almost seems impossible.  Trying to pay sky rocketing college tuition costs is depressing at best and every little bit helps.  If you’re looking for some help from the IRS, welcome the American Opportunity Tax Credit.  The [...]

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Cash for Clunkers Tax Rules

July 28, 2009 Tax Planning
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photo credit: Kateweb
Around the blogosphere, I kept seeing stories pop up about some Cash For Clunker program and it got my curiosity.  While the closest thing to a clunker that I’ve drove was my 1992 Geo Storm (wow, do you remember those?), I don’t think that’s exactly what this program was intended for.  The [...]

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How To Save On Your Property Tax

June 22, 2009 Tax Planning
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The housing market has been in shambles for years now.  Many homeowners have the seen the appraisal value of their homes slashed by more than 50%.   If that doesn’t hurt enough, then you receive a surprise in your mailbox- your property tax bill.  With everything that has dropped in value, you almost expect your bill [...]

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