Payroll Tax Penalties, When the IRS Sends a Letter

“Payroll Taxes are Due, with Penalties and Interest” At least that is what the letter from the IRS says. First thing, don’t panic. Quoting Daniel J. Pilla’s study for the Cato Institute “About 40 percent of the revenues the IRS collects through penalty assessments are abated when citizens challenge the penalties.” So we now know…

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Understanding Credit Inquiries

Credit inquires are an important part of your overall credit score. Knowing how they work can give you the edge you need for credit approval in today’s market. Credit inquires are a key component of your credit score. You know that too many inquires can hurt your score, but are unsure which inquires impact your…

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Three Simple Rules of Personal Finance

Basic principles of personal financial planning are quite simple. Success comes only with the establishment of habits. Man creates habits and habits create the future. If you do not create good habits, then the bad will arise unconsciously. Some aspects of personal financ can be quite complex. For example, planning a will or trust organization,…

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Understanding Basic Tax Terms

If your like many, you don’t always understand what people are talking about when it comes to Taxes. It’s important to know the main tax terminology, especially when tax season comes around. Knowing the basics will make tax season less of a hassle for you, and maybe even save you some money. There are hundreds…

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How To Get A Credit Card With Bad Credit

Having a bad credit score can make the pursuit of getting the best deal on credit card a little hard, but by no means does it imply that you are going to be completely denied the opportunity to have a card. You might have to settle for something less than ideal, but getting a credit…

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File 2008 Income Taxes – You Still Have a Chance!

Filing late taxes is always a little awkward; there’s the admission of taxes owed, and the discovery that those owed taxes come with some fines and interest attached. But really, if you’re going to file 2008 income taxes, you should know that it’s not so bad: the average late filer is actually more likely to…

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The Best Way To Fix Your Credit Score Fast

The best way on how to improve credit score quickly if you have a bad credit record is to perform self-credit repair! Self-credit repair is a procedure where you argue unfavorable items on your credit report with the three main credit bureaus. This will involve sending argument letters to the three credit agencies to fix…

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What is the Definition of Personal Finance?

The definition of Personal finance is an inclusive term with regard to all the financial characteristics of an individual’s or household’s financial circumstance and monetary decision making. Managing your own finances is not actually just about protection, but those who possess self control, preservation, and accountability, as well as those who test themselves to economize…

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Tax Tips For Self-Employed Barbers And Hair Stylists

No matter how good your tax professional is, if you don’t provide all of the necessary information and figures, your return will be wrong. And, any tax return that is done wrong will fail an audit if exposed. Undocumented cash income, inventory mistakes, overlooked deductions, and missed benefits are common within this industry. Some of…

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Debts in a California Divorce

My spouse ran up huge credit card debts during the marriage. In dividing assets and debts in the settlement agreement who should be responsible for these debts? In California, Family Code section 910 provides that the community is liable for all debts incurred during the marriage and prior to separation. It doesn’t matter whether the…

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Gurus of Personal Finance

Some personal finance experts are popular all over the world because of their principles, concepts and ideas. They have shared their expertise on money management and saving techniques through their books and lectures. These authors have helped people live financially comfortable life by providing easy to follow techniques. We will have a glimpse of some…

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