The tax filing season is almost over. You can make tax time easier if you don’t wait until the last minute. Here are 10 important tax time tips: Thursday, March 27, 2014
Tax credits help reduce the taxes you owe. Some credits are also refundable. That means that, even if you owe no tax, you may still get a refund. Here are five tax credits you shouldn’t overlook when filing your 2013 federal tax return: Thursday, March 20, 2014
If you’re like many small business owners, you pour your heart, soul, and nearly all your money into your business. When it comes to retirement planning, your strategy might be crossing your fingers and hoping your business will provide the nest egg you’ll need to live comfortably Thursday, March 20, 2014
There are a few tax rules that affect everyone who files a federal income tax return. This includes the rules for dependents and exemptions. Reed’s Tax Service has seven facts on these rules to help you file your taxes. Thursday, March 06, 2014
As this year’s baseball season gets under way, here are a few lessons from America’s pastime that might help you reevaluate your finances. Thursday, February 27, 2014
The amount you can contribute to your traditional or Roth IRA remains $5,500 for 2014, $6,500 if you’re 50 or older. You can contribute to an IRA in addition to an employer-sponsored retirement plan like a 401(k). Thursday, February 20, 2014
Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. Thursday, February 20, 2014
Here are some questions to ask yourself when deciding whether or not you are ready to retire.
Is your nest egg adequate?
It’s obvious, but the earlier you retire, the less time you’ll have to save, and the more years you’ll be living off of your retirement savings. The average American can expect to live past age 78. (Source: CDC, "Deaths: Preliminary Data for 2011") With future medical breakthroughs likely, it’s not unreasonable to assume that life expectancy will continue to increase. Is your nest egg large enough to fund 20 or more years of retirement?
Cuadra Brothers Self Defense Academy moved to a building double the size of their original instillation. The 6,000 square foot facility is located at 2800 Global Parkway.
The brothers strive for their studio to be clean and professional.
"I want to be known not only as the best martial arts place to go but also the cleanest martial arts place to go to," Nick Cuadra said. "A lot of people come into this facility and think it’s going to smell like a gym or a workout facility. My staff and I take a lot of pride in making sure everything is tip-top shape clean and disinfected."
Are you still doing your taxes on paper? If so, join the 122 million taxpayers who e-filed last year. They already know that IRS e-file is the best way to file a federal tax return. Here are five great reasons why you should e-file your tax return. Thursday, February 06, 2014
The word “millionaire” typically conjures up images of a lavish jet-setting lifestyle, but behind the scenes that may not always be the case. Warren Buffett, for instance, famously still lives in the relatively modest house in Omaha, Neb. that he bought in 1958 for $31,500 Thursday, February 06, 2014
Over the next few weeks, taxpayers will be getting a barrage of mail containing important tax information. Here’s a list of tax documents to be on the lookout for.
1. W-2’s. Remember you will get a W-2 for each place you worked.
2. 1099Rs. This will be for retirement income, and like W-2’s, you will get one from each place you’re drawing retirement income from, or drawing from an IRA.
3. W-2G for any gambling winnings you have, Yes these are taxable. However, if you have proof of the amounts you lost, you can often offset the winnings if you itemize.
The short answer is: yes. Anytime you add an extra driver to your policy, your rates will increase. However, you may end up paying even more when you add your daughter to your policy. Since teenage drivers are some of the highest-risk drivers on the road. According to the most recent statistics from the National Transportation Safety Board, teen drivers have represented less than seven percent of the driving population but have accounted for more than 13 percent of drivers involved in all deadly crashes. (Source: National Transportation Safety Board, October 2013)
Fortunately, there are some steps you can take to help make insuring your teen a bit more affordable.
The first B-1 bomber upgraded with the Boeing Integrated Battle Station or IBS, departed Tinker AFB yesterday Jan 21st. The modification essentially turns the B-1 into a new aircraft with the addition of full color displays, moving maps and a new diagnostics system.
The upgrade, the most extensive modification program in B-1 history, enhances the bomber by giving crews greater situational awareness of what is happening in the battlespace around them, in addition to faster and more secure communication capabilities that improve crews’ ability to engage enemy targets.
Those who insult the millennial generation for their do nothing attitude need to ignore the college students who opened their own business on Air Depot Blvd.
Pizza Depot, located at 1120 S. Air Depot, is a brand new non-chain pizza place that plans to rival national competitors on cost and taste.
Owner Aubrey Long is currently a business student at the University of Oklahoma. He opened the store with some friends in the area with approx. $30 thousand.
"We opened at the beginning of September. It took a few months to get everything going and it’s still in its infant stages. We just decided to open it and see what happens."
The Federal Reserve has said it expects to begin raising its target rate sometime in 2014. Since bond prices fall when interest rates rise, it may be a good time to pay increased attention to any fixed-income investments you have. Here are some factors to consider when you review your portfolio.
Maturity dates and duration
One way to address the threat of rising rates is through maturity dates. Long-term bonds may pay a higher coupon rate than short-term bonds, but when rates rise, long-term bond values typically suffer more. That’s because investors may be reluctant to tie up their money for long periods if they expect a bond’s interest payments may suffer by comparison when newer bonds that pay higher rates are issued. The later a bond’s maturity date, the greater the risk that its yield eventually will be surpassed by that of newer bonds.
It is estimated that in the United States one person in every 10 has property that goes unclaimed. Currently, there’s more than $58 billion in unclaimed property, which includes but is not limited to jewelry, coin collections, stock certificates, cash, property and benefits being held by state and federal governments.
That’s roughly $187 for every U.S. resident.
State Treasurer Ken Miller says property is considered unclaimed when there is a lack of activity generated by the rightful owner of the property. Evidence of this inactivity includes failure to cash a check, the return of a check or correspondence by the Post Office as undeliverable, or the absence of any communication from the owner.
If property remains unclaimed for a certain number of years set by statute, it is considered abandoned and must be reported to the state’s unclaimed property program.
