Do you Qualify for the ACA Special Enrollment Period Infographic

There is a lot of changes happening with the ACA that may leave you pretty confused, here is an infographic designed to assist in educating you on some questions that may arise this tax season. TurboTax I hope this information helps to lead you in the right direction to see if you are eligble for the special enrollment period as part of the ACA. Remember, it’s up to you to see if you qualify!

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The Joys of Self Employment

Working from home is a blessing, and honestly I am not so sure “anyone” can do it, even though I have said that in the past. The reason I am starting to believe that not everyone can do it is because it’s extremely difficult to step away from work when it’s family time if your office is in your home. All too often I have to shut down my computer because I will be tempted to come in and do some work during family time. I am just that into my work and addicted to making money. Being self employed […]

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Becoming a Registered Tax Return Preparer

This time of year I start to daydream about the idea of getting a tax preparer certification because it’s so difficult to find a good accountant who will take the time to sit down with you and fully listen to what you do for work. Being a professional blogger and a virtual assistant means I have to claim income from two areas but combine the data into one. This includes product reviews. You see all year long everyone says how lucky I am get to all these fabulous products and opportunities to travel but they forget one little piece of […]

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It’s Almost Tax Time, Are you Prepared?

Ever year I create an Excel spreadsheet that lists out the products I receive here on my blog. The spreadsheet documents date of review, person/company I received product from, product name and suggested retail price of this product or the value based on what the person who provided said item states it is worth. It’s funny because I create this spreadsheet every single year and every year I tell myself I will keep up with it as products come in but then life happens and I get so busy between client work and blogging that I just don’t take the […]

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Tax Time Is Nearing – Protect Your Identity

The time is nearing where you all will get your things ready for filing of your 2010 taxes. Whether you are self employed or an employee of a company one thing is for sure that you need to file taxes every year. In NH we do not have state taxes, which is cool, but I have found that many other states do have state taxes as well as income taxes. One thing to be certain of this year is to be sure you are protecting your identity, do you put your social security card online where it is not secure, […]

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My Least Favorite Thing To Do

I can’t believe we are over half way through the year 2010, time flies when you are having fun, right? Or building a business and blog and family, but anyways … as the year flies by I find myself wanting to make sure that all my accounting records are up to date so that at end of year when I have to file that tax return I am ready to do it fast and accurately. Nothing is worse than the end of year coming along and not having all your business records in an organized order. I love to stay […]

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Car Donations in Illinois For Veterans

Vietnam Veterans Car Donation program benefits the Vietnam Veterans of America, Illinois State Council.  Many may wonder what happens with they donate car to this program? Well they get a tax deduction for this donation because the Vietnam Veterans of America, Illinois State Council is a 501(c)(3) organization and has been approved by the IRS to receive donated items and issue a tax deductible donation receipt for the vehicle donations. Not only is the donation tax deductible but you are helping a veteran in their time of need. Veterans fought for our freedom and now with a simple act of […]

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Organizing Part Two: How Long To Keep Files

Getting ready to get organized was part of my first post where I share tips on where to start. One thing I struggle with in regards to organization is how long to keep items on file. For example, I don’t even know how long you are suppose to keep your Tax Paperwork, I thought three years, but I honestly have every year I have ever filed on hand. I took some time to look up the rules behind how long you should keep records on file to assist you in your organizational efforts, since part of being organized is clearing […]

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2010 Real Estate Stimulus

First time home buyers or those who have not owned a house in the last three years can qualify for up to an $8,000 tax credit with the 2010 Real Estate Stimulus. First Time Home Buyers Amount of credit $8,000 ($4000 married filing separately). May not have had an interest in a principal residence for 3 years prior to purchase. Termination of Credit: Purchases after April 30, 2010. Income limits $125,000 – Single, $225,000 – Married, Additional $20,000 Phase Out. Limitation on cost of home purchased: $800,000. Current Qualifying Homeowners Amount of credit $6,500 ($3,250 married filing separate). Eligibility: Must […]

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Let’s Talk About Product Reviews as Income

I have to get this off my chest, my two cents about why I understand the whole point behind claiming product reviews, but why I think it’s going to cause an issue when it comes to claiming them as “income“.  As a blogger we are required to claim the products we receive for free as income because reality is the product is our payment to write a post sharing our honest opinion about the product. I get it, the IRS wants to get their part in the tax area, totally understand that. The big businesses are dishing out free products […]

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