Tax Treatment for Coverdale IRAs number of publications, including my own, have mistakenly reported over the past year that Coverdale IRAs, formerly known as Education IRAs, are tax deductible. Coverdale IRAs are not tax-deductible. Originally the concept of education IRAs was meant to provide a tax-deductible benefit that would defer taxes on contributions until the time of … [Read more...]
Self-Liquidating Loans – Fact or Fiction?
Self-Liquidating Loans - Fact or Fiction? A self-liquidating "LOAN" is fiction. You will never get a loan that youwill never have to pay back from anybody. You need to be very careful whenyou are presented with the opportunity to get "money for nothing!" A true, self liquidating "LOAN", standing on it's own, is a pipe dream - it'sperpetual motion. A loan that pays itself off … [Read more...]
What is Short-Term or PayDay Loans
Short-Term or PayDay Loans Short-term loans, payday loans, and cash advances, these are often frowned upon by some people. Yet there is a large market for these loans. Most advice concerning these loans is not to obtain them, however the fact remains that thousands of people obtain these loans every month. If they weren’t profitable, places like ACE, Cash America, and other … [Read more...]
How to Create Ultimate Debt Elimination Plan?
Create Your Own Ultimate Debt Elimination Plan The method is simple. 1) Set a monthly amount. 2) Pay all minimum amounts. 3) Pay extra money toward the debt with the highest interest rate. This method will ensure that you pay the least amount of interest and repay your debts as soon as possible. The trick to paying the least amount of interest possible is to pay extra … [Read more...]
How to Audit-Proof Your Business
How to Audit-Proof Your Business Police and auditors have one thing in common: they make even the most honest, law-abiding citizens nervous. After all, who hasn't felt their heart jump at the sound of a police siren close behind them even if they are obeying all traffic rules? Generally, the same feeling comes over people when the topic of an IRS audit arises. Most taxpayers … [Read more...]