A couple of years ago, I was in the market for a business credit card, so I applied for an American Express card that was offering a $250 signup bonus (sadly, that offer has long since expired). While this card was perfectly serviceable, I occasionally run into places that wouldn’t accept AmEx, and I also [...]

Read the full article »

Yikes! I just realized that I forgot to pay the 4th quarterly installment of our 2008 estimated taxes, which were due on January 15th. After the initial panic subsided, I did a bit of digging and was relieved to find out that it’s really not a big deal. Here’s the straight dope from Fairmark.com:
Penalty for [...]

Read the full article »

This is just a reminder to anyone out there that’s self-employed, or otherwise has to make estimated quarterly tax payments… Your 2nd quarterly installment is due on June 15th, 2008. Since that falls on a Sunday, you technically have until this coming Monday (June 16th) to get your check in the mail. So… If you [...]

Read the full article »

Just a quick reminder that quarterly estimated tax payments are due this Friday, June 15th. If you have income that’s not subject to withholding (e.g., self-employment, interest, dividends, gains from the sale of assets, rental income, etc.) then you might need to make quarterly payments to avoid an underpayment penalty.
You can either use IRS From [...]

Read the full article »

Last week I asked for help with a somewhat complex tax situation. Here we are a week later, and fortunately I feel as if I have a better handle on the situation. For the finer details, it’s probably best to go back and read my original call for help and then come back here for [...]

Read the full article »

I have a tax-related question that I’ve been having trouble getting answered, so I thought I’d throw it out here in hopes that someone can provide any insight… Besides, I’ve searched high and low and haven’t been able to find an answer online, so if we can get this sorted out here, it’ll be available [...]

Read the full article »

Today is not only the deadline for filing taxes, it’s also the due date for the first quarterly estimated tax payment of 2007. Technically, federal income tax is a pay-as-you-go tax, meaning that you’re supposed to pay into the system as you receive income during the year. For a regular job, this usually isn’t a [...]

Read the full article »

Now that our taxes are done, I know exactly how much I can contribute to my SEP-IRA for 2006. The great thing about having an account at Vanguard (aside from the low fees) is that they make it so easy to make investment contributions — it literally took about 3 minutes to log in and [...]

Read the full article »

Given the recent uptick in our income due to my new job and our growing self-employment income, I’ve recently been thinking of ways to reduce our 2007 tax liability. The first step, of course, is to contribute to my employer’s basic retirement plan, which is held at Fidelity. But… I want to do way more [...]

Read the full article »

Not long after registering our LLC, we received a solicitation in the mail from an entity called National Companies Register Corporation (NCRC) asking us to make a payment of $587.00 within the next 14 days. In return, they promised to list our company information on their website at www.companies-register.us (you’ll have to copy/paste to check [...]

Read the full article »