economy
Economy and the area of production, distribution, trade, and consumption of goods and services.
You May Be Able to Claim a Relative You Financially Support (Other than Your Child), on Your Tax Return
Some taxpayers are of the perception that they can only claim their own children on their tax returns, as legitimate dependents. Taxpayers, however, can also claim on as dependents, other persons who they support financially. Under tax law, these persons may qualify to be their “Qualified Relatives.” This person has to be someone who you actually supported financially for the tax year in question, but there are four basic tests that must be satisfied, to determine if you are eligible to claim that individual as your qualifying relative.
By Milton G. Boothe8 years ago in Journal
The Head of Household Filing Status — Some Interesting Facts that Are Oftentimes Overlooked
For an unmarried taxpayer, filing Head of Household (HOH) can have substantial financial benefits over filing as a single status taxpayer. In filing as Head of Household, one enjoys lower tax rates and a larger Standard Deduction. So if you are unmarried at the end of the tax year, you may consider filing your taxes using the favorable Head of Household (HOH) filing status, if two basic conditions are met.
By Milton G. Boothe8 years ago in Journal
Do You Know That Under Tax Law You Can Still Be Legally Married But “Considered Unmarried” When Filing Your Taxes?
The general rule for married folks filing their tax returns is that they can ONLY use file as Married Filing Jointly (MFJ) or Married Filing Separately (MFS). Most married folks will typically choose to file Married Filing Jointly (MFJ). Obviously, they choose this filing status because of the favorable tax treatment the IRS allows married couples who choose to file together.
By Milton G. Boothe8 years ago in Journal
Two Critical Reasons Why You Should Not Trust Anyone to Prepare Your Taxes
Learning to do your own taxes is not as daunting a task as your tax professional might want you to perceive it to be. Actually, tax preparation software has come a long way in the past few years, making it so easy for you to prepare your own taxes, that it’s virtually impossible not to be able to understand the process, even with absolutely no knowledge of tax laws. There is an entire myriad of relatively inexpensive tax preparation software available today, which makes this all possible, and each will allow you to prepare and e-file multiple tax returns.
By Milton G. Boothe8 years ago in Journal
If the IRS Sends You a Bill that You Can’t Pay, What Should You Do?
Well, for starters, please don’t have a heart attack! But before we proceed any further, it is very important for you to be cognizant of the fact that many people are receiving threatening phone calls from persons purporting to be IRS officers, stating that they owe outstanding balances. These people are NOT from the IRS! You should hang up the phone immediately, if you receive any of these calls. The IRS does not make phone calls to individuals concerning their personal tax matters; that’s not their method of operation. The IRS only communicates with taxpayers by sending them notices in the mail.
By Milton G. Boothe8 years ago in Journal
Federal Reserve Recently Boasted About a Robust US Job Market – Is This Fact or Fiction?
During a two-day, end-of-quarter series of meetings late last month, top officials at the US Federal Reserve unveiled their plans in the near future for managing the nation's economy.
By Victor Trammell8 years ago in Journal
Struggling to Survive. Top Story - September 2017.
To the outside world, I am a successful, intelligent person with a wealth of possibilities in front of me. However, fear and doubt seem to permeate my every thought throughout the day and I wonder if I will ever find success. I recently completed a Ph.D. in education and have multiple peer-reviewed journal articles to date.
By Cody Perry8 years ago in Journal
Things They Don't Tell You About MLM Companies
If you ask many desperate college students, housewives, and single moms, the bane of their existence is MLM companies. MLM companies, also known as multi-level marketing or network marketing companies, are companies that hire people to sell goods on behalf of them.
By Ossiana Tepfenhart9 years ago in Journal
Break the Poverty Curse Cycle
Are you comfortable with your current circumstances? I asked this of one individual who I shall not name, as the smell of urine and smoke filled my lungs. The individual did not respond. I suppose they had a hard time responding with four kids and police sirens screaming in their ears. Personally, I do not judge individuals for how they live. I have no right to judge anyone because I do not know the adversities that have hindered them from achieving better circumstances. Besides, it’s not like I’m in a better situation myself. But, what I will do is ask you a couple of questions to make you think about the choices you have made and how you have chosen to co-exist with those choices. If it’s one thing I hate, it is to see someone judging someone else. Especially my people. My black people. You see, my people love to judge each other. Whether it’s the shoes on their feet, the hair, or the person they choose to be intimate with. It’s all a competition to my people. A competition that was started by our oppressor. Instead of judging someone, why don’t you try to help them. Show them how certain patterns can lead to certain outcomes. With this method of communication, I only can hope to give them the tools they need to overcome their adversities.
By Ashely Moore9 years ago in Journal
