Category Archives: Tax

Take IRA Distributions and Pay No Taxes!

You thought that there were only two varieties of IRA, the Traditional and the Roth. With the Traditional IRA, you received a tax deduction on your contributions, which lowered your taxable salary and therefore your taxes. The catch was that … Continue reading

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How To Report Self-Employment Income At Tax Time

It makes no difference whether you do occasional jobs or work full-time as an independent contractor; current tax laws require that you report this income at tax time. Cash payment does not make you exempt from the law, nor does … Continue reading

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