Tax-related articles

Lowes Tax Refund Offer

On February 9, Lowes announced a tax refund offer associated with their regular gift card program: “Customers who purchase the Tax Refund card in Lowe’s stores or on between Feb. 8 and March 14 will receive 10 percent of the original card purchase amount added back to their card on March 18, 2011.” This …

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401k IRS Compliance Testing

photo © 2006 urban_data | more info (via: Wylio)Did you know that every year your company’s 401k takes a test? Actually it’s 2 tests that I’ll be discussing and there are actually even more. And, if it fails to comply with IRS guidelines certain employees have money removed from their retirement savings, taxed, and returned …

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Effective Tax Rates

Well, I finished my taxes this past weekend. I still can’t seem to get my withholding right to keep me from getting a large refund. I’ve used the calculator at the IRS, but like most things IRS-related, it’s not exactly intuitive. I know there’s worse things in the world, but I hate, hate, hate giving …

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Modified Mortgages: A New Lesson in Moral Hazards

The Wall St. Journal (and every other reputable news agency) is reporting today that the actions taken by banks to modify the mortgages of those citizens who were already delinquent on their mortgages has not had the desired effect. Specifically over 50% of these individuals re-defaulted within 6 months. This of course calls into question …

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Treasury Bill Ladder Investing for the Common Man

Last Friday the Treasury Dept. announced that they were lowering the minimum amount necessary to buy treasury bills from $1,000 to $100. This is great news for the common man wishing to start investing in treasury bills because the cost of entry has just fallen 10-fold! Why invest in T-Bills?