What You Need To Know About Betting The Superbowl

by Jeff Hoyt, MoneyTips Editor-in-Chief Face it, you love betting on the Super Bowl even though you never win. How many times can you be beaten in the office pool by someone who picks teams based on mascots, colors, or the attractiveness of the starting quarterback? Still, hope springs eternal and Super Bowl 50, the…
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Honey, I’m Claiming The Kids

Claiming dependents on your taxes is usually a fairly straightforward procedure, but in some cases, more than one person (or couple filing jointly) will claim someone as a dependent, muddying the process. The most common example is when divorced or separated parents both want to claim their children as dependents for tax purposes. Dependents can…
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5 Tax Fails

Avoid These Simple Tax Return Mistakes The Internal Revenue Service has plenty of ways to penalize you for mistakes on your tax return. Some of these potential penalties are so convoluted and complex that there may well be disagreement within the IRS on when they apply. However, most people accrue tax penalties for very simple…
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Tax Time: 4 Things To Bring To Your CPA

Certified Public Accountants (CPAs) are incredibly busy during tax season. Their time is precious, and that makes it even more important for you to prepare for your allotted tax preparation time. Nobody benefits from wasting an hour rifling through receipts and guessing about numbers. Your CPA needs the following four categories of information to prepare…
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Feeling Lucky? IRS Audits At 11 Year Low

If you made a mistake on your 2014 tax return, you might be in luck. You were less likely to be audited by the Internal Revenue Service than at any time since 2004. The initial data shows that only 1.23 million taxpayers were audited during fiscal 2015, representing a 0.84% audit rate. As a result,…
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