In March of 2006, the citizens of the United States of America learned of some unsettling news.  It was revealed that three private debt collectors would begin to help the IRS collect some of the tax debts that the citizens owed.  There were thirty three applicants at the time that were vying for the positions [...]

If you are in a high income tax bracket, and you know you will be facing a hefty bill when tax time rolls around, then income shifting may be the tax break you are looking for. When done properly, income shifting can ease your burden while moving you into a lower tax bracket without causing [...]

Mutual funds are an easy way for people to get involved in the stock market, especially when they are new to investing or don’t feel confident enough to judge market trends on their own. Mutual funds allow you turn your money over to a team of professionals, who invest in various stocks for you and [...]

The complete and utter devastation caused to the Gulf Coast by Hurricane Katrina was a wake-up call to people everywhere about how quickly a natural disaster can come in and turn your life upside down. If you are the victim of a disaster, and your insurance does not cover all of your damages, the IRS [...]

Taxes are an inevitable part of life in the United States of America.  Taxes are due in April to be reviewed by the Internal Revenue Service, and there are actually a surprising number of events that can affect how and what kinds of taxes a person will pay or will be required to pay in [...]

If you have an old car taking up space in the driveway, but you can’t bring yourself to face the hassle of trying to sell the car in the newspaper classified ads, there’s another way you can rid of it. Contact your favorite charity and see if they are interested in taking the car off [...]

With gas prices going up and up and up, and the new “cheap” price for gas hovering around the $2.00 per gallon mark, hybrid cars have been getting a lot of attention. Hybrid cars were previously only discussed in environmentally active circle, but now that gas prices are hitting everyone where it hurts - the [...]

When the Alternative Minimum Tax (AMT) was introduced by Congress, their heart was in the right place. This alternate tax was intended to stop the ultra-rich from exploiting every tax loophole in the system and taking advantage of every deduction on the books to reduce their tax bill to zero, or indeed often to below [...]