Term: taxes
2 found

5 Things You Should Never Put on a Credit Card

By Steven Shaw on 3/26/2013

5 Things You Should Never Put on a Credit Card

Credit cards are powerful financial instruments, but cardholders must use them carefully to avoid becoming trapped in a cycle of debt. At the same time, it can be difficult for cardholders to contemplate a huge expense knowing that a bank has already extended them sufficient credit to just charge it.

Yet a credit card is often the worst means of finance. Credit card debt is unsecured and typically carries a higher interest rate than a car or home loan. And unlike a home mortgage or student loan, credit card debt is never tax deductible.

Of all the things that be financed with a credit card, here are the five worst:

credit cards
college tuition
taxes

The Complete Guide to Finding Tax Help

By Steven Shaw on 2/18/2013

How to Get Tax Help

Are you going to file your tax return on your own this year, or will you need a little help? Even if you are doing your own taxes you may find yourself stumped, if for example;

  • There have been some major changes in your life during the last year: divorce, marriage, adoption of a child, for example;
  • You opened, closed or sold a small business;
  • You’re one of the millions of taxpayers who received a 1099-C and can’t figure out how to fill out Form 982 on your own;
  • You had investment gains or losses, or you bought or sold property;
  • You are being audited.

According to the IRS, 56.3% of taxpayers used paid preparers in 2010. That means fewer than half of us complete our tax returns on our own.

If you need help filling out these forms, your first question may be, “How do I find someone to help?” Your second question may be, “How much will it cost?”

1099-C
taxes