Have you ever thought about who would make health care decisions for you if you were incapacitated and unable to speak for yourself? Most people have their own wishes when it comes to medical treatment and life-saving efforts, but are you certain that those wishes would be carried out? A health care proxy allows you Read more…
Can You Pay Taxes With A Credit Card? | Full 2022 Guide
Tax season can be stressful for many individuals. While many people look forward to getting a tax refund when they file their tax returns, some people are stuck paying a big tax bill at the end of the year. If you owe the IRS money, that money is due by the April 15 tax deadline Read more…
American Opportunity Credit: Everything You Need To Know (Tips Inside)
Paying lower taxes is something that everyone enjoys, and college tax credits are one great way to do that. Tax credits actually lower the tax that you owe on a dollar for dollar basis instead of simply lowering your taxable income. If you are a student or have an eligible dependent who is a student, Read more…
Married Filing Separately: What It Is & When To Do It | Full Guide
Most married couples file a joint tax return, but did you know that you can file separate returns even if you are married? The IRS rules allow you to choose your own filing status at tax time, so you can select the status that works best for your situation. In most cases, filing a joint Read more…
What Is Title Insurance? | Definition & Why You Need It (Full Guide)
If you have ever purchased real estate, then you have probably heard of a title insurance policy. Can you imagine buying a house only to find out years later that you do not have clear title to the property? This could be due to a number of reasons like improper execution of documents or missed Read more…
Debt To Asset Ratio: What Is It & Why Is It Important? | (Tips Inside)
There are many ratios and figures that you can examine to assess the overall financial health of a business. One of those is the debt to assets ratio. You might also hear it called the debt to equity ratio. So, what does this financial ratio actually mean and how might it affect your business? Analysts Read more…
Deferred Tax Liability: What Is It & How Does It Work? | Full Guide
Income taxes can sometimes be confusing, and a deferred tax liability is one of those confusing situations. Have you ever heard of owing a tax now, but legally not being required to pay it until later? Since the tax laws and accounting rules sometimes follow different timetables, this situation happens more than you might realize. Read more…
Charitable Remainder Trusts: Full Guide | Everything You Need To Know
Many people wish to leave money to charity, but a traditional last will is not always the best vehicle for accomplishing that. The deceased gets no charitable deduction on taxes, and the family members often get mad because of the amount of money that was left to charity. A charitable remainder trust can help solve Read more…
What Is A Living Will? | How It Works & Why You Need One (Full Guide)
It is a situation that most people do not want to think about, but many people face it every day. What would happen if you were in the position of not being able to make your own decisions about medical treatment? Perhaps you are involved in an accident an incapacitated. Who is going to make Read more…
How Long To Keep Tax Returns // Full Guide Inside
Are you wondering how long to keep tax records? Do you have a pile of old tax records sitting in your home just taking up space and collecting dust? Most taxpayers know that they need to keep these old tax returns, but many are unsure just how long they need to keep them. Many end Read more…
