Before you start shopping for the best rate on auto insurance, you should be aware of the factors that may influence the overall cost of your policy. Previous accidents, traffic violations and coverage level are only part of the equation. Good Credit Matters Many insurance companies will examine your credit score as a partial determinant
Pensions, annuities, qualified plans, unqualified plans, periodic payments, lump sum distributions, rollovers – all have their own special treatment for tax purposes. Find out which rules apply in your case. There are three groups of retirement plans, pensions, and annuities for U.S. federal income tax purposes: Pensions or annuities you receive from a qualified pension
Article will provide brief overview of creative financing mortgage alternatives, highlighting how to assume a mortgage loan, how to receive seller financing, how to buy a home with no money down, and lease options. Low-interest rates are encouraging many people to take the first step toward homeownership. Those who have never purchased a home may
If you use your own vehicle for business purposes, you may be able to take a tax deduction. If you are an employee, you can deduct the expenses as an itemized deduction. If you are self-employed, your expenses can be deducted as a business expense. If you use your vehicle for transportation related to your
If you receive tips, you should keep a daily record of them and report them to your employer in order to obtain your social security and Medicare coverage and to avoid a penalty. You must also report all your tip income on your income tax return. The tips you receive from customers in your work
Let’s be honest: cold-calling is not fun. Even worse, most salespeople know that they will have to do it, but still try to avoid it at all costs. The main reason, of course, is that even the most seasoned salesperson does not like being yelled at call after call for merely asking a person for
Many people believe that improving a credit report with negative items literally takes years. In reality, with a little knowledge of the law, almost anything on a credit report can be disputed. Even better, the burden of proof in regards to determining if a negative item belongs on a person’s credit report lies with the
There are various job-related expenses that can be taken as itemized deductions on Schedule A of your U.S. federal income tax return. While most of these deductions can only be taken to the extent that they exceed 2% of your adjusted gross income, if you have sufficient medical expenses, taxes, mortgage interest, charitable contributions, and
How your residential rental income is taxed depends on the type of property you rent out, your personal use of the property, whether the property is considered a dwelling unit used as a home, and your participation in the rental activity. You may be able to claim all your rental expenses, even if you end
Potential homebuyers can save time, money, and heartache by first having a qualified home inspector check the property. Everyone knows that home ownership is the American Dream. That dream can quickly become a nightmare, however, for uninformed buyers. Even newly constructed homes can harbour costly mistakes—mistakes that may not be visible to the untrained eye.