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When everything was going down with UBS, a different Swiss banking firm came out with a very strongly worded letter bashing the United States. I have no idea how this possibly got past my radar, but it did. The Swiss Banking firm, which claims to be the oldest in the country, founded in 1741, is known as Continue reading Switzerland Oldest Bank Says F.U. America  Last year, I wrote that it was inevitable that Estate Audits were Going to Increase. The reason Estate Audits were going to increase was inevitable - there were/are less people who are subject to the estate tax, but no auditors were being fired (i.e. they have nothing else to do lol). Well it seems that there Continue reading Is the IRS Getting Smarter or is The IRS Attacking the Wealthy Yet Again? 
As I previously posted about, I learned that, Cancellation of Debt is Taxable Income, when my brother received notice that a creditor he had settled with 2 years ago filed a 1099-C for a deduction for Cancellation of Debt. Luckily he has a brother who is nice and is willing to do research Continue reading Writing the IRS in Response to Increase in Income due to 1099-C – Five Rules when Replying to the IRS I read a post today on the Tax Policy Blog which now has me applying for the coolest position ever. Be forewarned, this position is only cool for finance and tax tools. Apparently the IRS is accepting applications for membership in the Internal Revenue Service Advisory Council (IRSAC) for a three year term Continue reading Applying for the Coolest Volunteer Position Ever! Internal Revenue Service Advisory Council  I was doing research on the recent changes in income taxes for one of the planners at my office, and I came across one of the coolest sites summarizing the changes (that is if you can describe any kind of tax stuff as “cool”). I am only going to highlight those income tax changes in Continue reading Credits, Deductions, Oh My! Summary of Recent Income Tax Changes  I was on the IRS’ website today for a different research project (something associated with 403(b)s and the final reguations which become effective Jan 1, 2009 – if there is any interest in this info let me know and I”ll do a post) and I came along some great useful information for almost everyone. Continue reading IRS Increases the Amount you can Save in a Qualified Account for 2009 December 3rd, 2008 | Tags: Investments, IRS, Qualified/Retirement, savings, Taxes | Category: Qualified/Retirement | One comment
Advantages of Using a Prepaid Credit CardThere are many benefits to using a prepaid credit card. A prepaid credit, also known as a secured credit card is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.” Continue reading Why Use a Prepaid Credit Card? |
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