Monday, September 2, 2013

IRS gives Ten Tax Tips for Individuals Selling Their Home | Clarksville, TN Online


 



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How to Get Your Free Credit Report in 6 Easy Steps


 
 
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How to Get Your Free Credit Report in 6 Easy Steps

By now you've heard this advice hundreds, if not thousands, of times: You need to pull a free credit report at AnnualCreditReport.com at the very least once a year.

This is an excellent way to make sure your identity has not been stolen. Also, mistakes in your credit report could unfairly damage your credit score.

So, how do you go about it? And how long does it take? Is it difficult? Someone I know once told me that when she tried to pull her free credit report, she unintentionally clicked the wrong link and ended up at one of those "free" credit report sites where you have to pay.




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Sunday, September 1, 2013

What’s The Real Secret to Success? A "Giver" Instinct


 
 
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What's The Real Secret to Success? A "Giver" Instinct

For years, aggressive, "do-what it takes" attitudes have been attributed to achieving professional success. Having at least a little bit of the "killer" instinct is what differentiates the winners in business, right? Perhaps in some cases, but according to research conducted by Wharton Business School professor, Adam Grant, the opposite is true. Success—both personal and professional—is actually the result of having a "giver" instinct.




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Rest Easy: Know the Tax Implications of Renting Your Vacation Home


 
 
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Rest Easy: Know the Tax Implications of Renting Your Vacation Home

If you're lucky enough to own a vacation home, or are thinking about investing in one, you should be aware of the tax implications associated with this type of property, particularly if you are planning to rent it at least some of the time. It is also important to note that the IRS definition of a vacation property encompasses not only houses, cottages, and condominiums, but also mobile homes, recreational vehicles, and boats. In addition, remember that you may be obligated to pay state and local taxes on the rental of your vacation property as well as federal taxes.




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When do you adjust the amount of prepaid expenses?


 
 
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When do you adjust the amount of prepaid expenses?
The balance in the current asset account Prepaid Expenses should be adjusted prior to issuing a company's financial statements. If the company issues financial statements for each calendar month, you will need to adjust the balance in Prepaid Expenses as of the end of each month. If your company issues only quarterly financial statements, you […]



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A new investment tax is just around the bend - Times Union


 



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AICPA - Taxpayer Not Entitled to Innocent Spouse Relief


 



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