Tag Archives: tax time

Money 101: How To Start Prepping Now For Your Inevitable 2010 Tax Return

You’re not going to like this. But now — mid-November — would be a really smart time to start thinking about your 2010 taxes. Yes, going to the gynecologist sounds like more fun. And, sure, right now the only taxes you’re thinking about are the sales taxes on your holiday purchases, but consider this: with a little bit of planning this winter, you can save yourself a lot of stress when you file your 2010 tax return. For tips on how to get your files organized before you file, we talked to Lee Molotsky, managing partner of The Molotsky Tax Advisory Group and co-host of “THE MOLOT$KY MONEY HOUR” radio show. You will thank us. Keep reading »

The Last 31 Days Of 2008: Buy Something You Can Write Off On April 15

There’s only 16 days left in 2008 and 120 days left until you absolutely HAVE TO pay taxes. That’s why you should make any big purchases, which can be written off, before the end of the year — for example, I seriously need a computer at home so I don’t have to tote my laptop home every evening. If I hit up the Mac store and buy it before December 31, I’ll be able to write it off on my taxes when I file on April 15. Yeah, yeah, yeah, the economy is in shambles and a computer is a big purchase, but if you need something anyway, you should buy it now so you can benefit financially, at least a little, in 2009.

See all the ways to make the most of the last 31 days of 2008 here. Keep reading »

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