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Life, Love, & Money
With Kimlee

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Welcome~

Life, Love and Money are all such essentials in the regular day-to-day…

When was the last time that you did or didn’t think about your life, love or your money?  What is life without love? 
How about life without money?  What is going on in your life?  What would you like to share?  Do you need some advice?
 Let me hear what is going on in your day-to-day…

~Kimlee

EDITORIAL OF THE WEEK


Tuesday, February 6, 2007
Author: Kimlee, Financial & Advice Specialist

About Doing Your Taxes  

The maze of tax forms you must wade through can seem overwhelming, and following the rules can seem impossible. But take heart: The IRS has worked hard in recent years to try to simplify the process for most taxpayers. Not only that, but there are many organizations that offer free help.

Filing incorrectly may bring heavy penalties, so it's important to take advantage of all the help you can get. You may want to hire a professional tax preparer if you can afford it. Using a professional can result in tax savings and the reassurance that your return should be filed correctly.

Generally, the IRS requires that you file a tax return by April 15 of each year unless you request an extension in writing. Save and categorize all of your deductions throughout the year so you will be organized and ready to file when the time comes.

Finding a place to "get your taxes done" is like buying a new car. Ask questions and make sure that you find a place or individual accountant that will NOT just treat you like a number. Some of us have very simple tax returns (W-2s and no dependants) and some of us have complicated tax returns (W-2s, mortgages, stocks and bonds, rental property, etc…). You need to do what is best for you based on your situation. Just like anything…you pay for what you get. If you have a lot of deductions, and you go to "Joe Schmoe's Tax Service" and pay only $30.00, well, don't expect for Mr. Joe to do much work. Do your research and do what is best for you based on your filing situation and you will be happier in the end…and possibly have more money in your pocket.

 

have the courage to question & challenge the status quo... refuse to accept "traditional" thinking and answers as fact....
~Kimlee

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