Tag Archives: Independencia Financiera

8 Tips to Save You Money in the 2012 Tax Season

Worried all tax saving options have been exhausted once the clock struck midnight on New Year’s Eve?  Yes, most money-saving options to defer income or claim deductions become a great deal more limited after December 31, there is still a … Continue reading

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12 More Things to add To Your To-Do List before 2012 (I promise it will be beneficial)

We are approaching year’s end.   In addition to landing those key deals and finalizing some year end business , it is also time to get your business in order.  You want to prepared and equipped to do business heading … Continue reading

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Food for Thought: Saving for Thanksgiving Top 5 Tips for Turkey Day!

Thanksgiving can be a great event uniting friends and family, it  can also be an event that drains your wallet.  To help you out this Thanksgiving, I want to give you some easy ways to save money this Thanksgiving: 1. … Continue reading

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Important Changes to The Innocent Spouse Rule

The Internal Revenue Service announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. “In recent months, it became clear to me that we need to make … Continue reading

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IRS Changes Mileage Rates

The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and … Continue reading

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Must-Know Rules for SIMPLE IRA Owner

Retirement Savings may seem complex and cumbersome armed with a bit of knowledge, you’ll have your nest-egg ready in no time.  Follow these guidelines for SIMPLE IRAs. You generally have to pay income tax on any distribution (amount withdrawn) from … Continue reading

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The American Dream of Owning your own Home & How you Can Achieve it

Spring has arrived, the economy is picking up and we are back into finding the ways to conquer the American dream: “Owning your home”, and because we are all different, here are several alternatives that may help you: 1.     Budgeting and saving:  This is … Continue reading

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7 tips for Earth Day that are Wallet Friendly too!

Safety Razors – Giving up disposable razors for the old timey safety razor  is a great way to save money and the environment. The multi-packs of flat razor blades are inexpensive and the peace of mind that comes from not buying … Continue reading

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Facts for Mortgage Debt Forgiveness

If you are a homeowner whose mortgage debt is partly or entirely forgiven during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts … Continue reading

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Healthcare Tax Saving Tips to Remember

Sole proprietors, partners, limited liability company (LLC) members, and S corporation shareholders can deduct qualified health insurance premiums paid to cover themselves and family members. This is the so-called self-employed health insurance deduction. For 2010, you claim it on Line … Continue reading

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