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12 Tax Audit Red Flags

IRS Audit

A tax audit has to be one of the scariest terms in the in the English language. We’ve all seen the stereotype image of having to go and be questioned by tax authorities, defending our tax returns and it all seems like a scenario out of the Spanish Inquisition. Have you ever wondered what kinds […]

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Tax Preparation Checklist

Tax Preparation Checklist

Everything You Need In Oder To Do Your Taxes It’s that time of year again when W2’s are in the mail and everyone starts scrambling around searching for those receipts from last year and wondering will I get a refund or will I have to pay. The 2013 Tax Season has arrived and one of […]

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Did You Know These Tax Deductions Expired This Year?

Tax Deductions

9 Common Everyday Tax Deductions That Expired Here are 9 Tax Deductions that expired at the end of 2011; for the millions of Americans that use these deductions you will find yourself with a higher tax bill next Spring when you do your 2012 taxes. MORTGAGE INSURANCE PREMIUM DEDUCTION Starting in 2006 new loans that […]

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How The Alternative Minimum Tax Will Hit Your Pocket Book This Year

How Will The AMT Affect Me

So what is the Alternative Minimum Tax (AMT)? If you don’t know what it is then you better pay attention because with Congress taking no action so far in 2012 many more Americans will find themselves victims of this tax. The AMT was created in 1969 as a tax against the rich and super wealthy […]

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What You Need To Know About The AMT Tax

Alternative Minimum Tax

So what is the Alternative Minimum Tax (AMT)? If you don’t know what it is then you better pay attention because with Congress taking no action so far in 2012 many more Americans will find themselves victims of this tax. The AMT was created in 1969 as a tax against the rich and super wealthy […]

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What You Need To Do Your Taxes

Preparing Taxes

Tax season, my favorite part of the year! Not really but if you know how to estimate your taxes correctly at the beginning of the year, there shouldn’t be anything to worry about.  Even though I know how to calculate my taxes, I like to sit down with my Certified Public Accountant (CPA) and see […]

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Shining The Light On Taxes – My 1 Month Case Study

Taxes Paid In One Month

Last month I published a blog ranting about all the taxes we pay here in California.  In that blog I said that I would keep track of all taxes we paid from Oct 1, 2011 to Oct 31, 2011 and publish a report summarizing my findings.  For the month of October, almost 42% of our income […]

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Shining the Spotlight on Taxes – My Case Study

Tax Case Study

I am always astounded to hear people talk about taxes.  Just the other day a friend of mine said he wouldn’t mind paying more in taxes just to help California balance the budget.  I couldn’t believe my ears!  California is the highest taxed state in the nation with the largest budget deficit.  How does that […]

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The Real Victims Of Washington’s Budget Talks

US Congress

How Any New Debt Limit Deal Will Hurt The Middle Class At this moment in Washington DC America’s leaders are frantically searching to find a solution to the United States’ addiction to spending. Needless to say I’m not holding my breath for any miracle solutions.  In fact I’m pretty concerned that any solution will target […]

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Who Makes The Most Obscene Gasoline Revenues?

Gas Profits

How the Government is Taking Outrageous Tax Revenue from Every Gallon of Gas Over the past few months I think we have all been a little pinched by the increasing cost of gasoline.  Luckily we have had a small reprieve lately with the price of crude oil pulling back a little but it has started […]

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Texas vs California

Texas vs California

The Great American Economic Migration – Part 3 The Rise of the Lone Star State Senator Phil Gramm has said of Texas: “I love Texas because Texas is future-oriented, because Texans think anything is possible. Texans think big” A tale of 2 states continues as we look closer at the growing economic power of Texas. […]

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California vs Texas

related posts

The Great American Economic Migration – Part 2 A tale of 2 states, California chooses to plunge head first into its financial implosion while Texas is exploding with economic power. In this post we will look at the state of California and next we’ll discuss Texas. A long time ago there was a land filled […]

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The Great American Economic Migration

Economic Migration

Part 1 – Red State Rising American’s are fleeing away from high tax, high government spending, and forced union work states and flocking to low tax, small government, and “Right to Work” states. A study by the American’s For Tax Reform shows that the congressional reapportionment that comes out of the 2010 Census will be […]

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California and the Budget Crisis

California Economic Crisis

A Study in Financial Insanity “Insanity: Doing the same thing over and over again, expecting different results” – Albert Einstein As I live through the California Budget Crisis I’m astounded by how every news article I read or I see seemed to be like a broken record repeating itself over and over.  The story has […]

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A Decade of Lower Taxes is About to End – What You Need to Know!

Tax Nation

Halfway through October and still nothing has been done about the impending end of the Bush Tax Cuts.  On January 1, 2011 the United States Tax Code reverts back to 2001 levels – wiping out a decade of lower taxes.  The IRS is anxiously hoping that Congress will do something during the lame duck session […]

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15 Commonly Overlooked Tax Deductions

Overlooked Tax Deductions

Understanding tax rules can help you owe less and have a greater return because there are sure to be deductions you are missing out on. Listed below are a few to give you an idea of what can be deducted legally.

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