You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]

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Do you own a home or give to charity in Oshkosh or the Fox Valley?  If so, timing certain payments can save you hundreds of dollars in taxes by grouping your deductions in certain calendar years. Tax Relaxer is available to help you maximize your deductions.

You may already know that you receive a [...]

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The Fiscal Cliff

This past summer, my wife Jamie and I visited High Cliff State Park. The cost of admission was $7. I’m ashamed to say I grew tired climbing the path to the 40-foot observation tower at the vantage point of the cliff.   From the observation [...]

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Form 1040

On February 19, 2012 By

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

The above Benjamin Franklin quote highlights the certainty of taxes.   Taxes will always be there in some form or another.   The first personal income tax [...]

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2011 Tax Season

On January 10, 2012 By

Hello Everyone!

The tax time is just around the corner!   I hope everyone had a wonderful 2011 both tax-wise, and more importantly, lifestyle wise; spent with happy moments with family, friends and you all are in a better position now than one year ago.

2011 was a year that was very good to me. [...]

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Interest payments add up.   Car payment, credit card payments, business expenses, mortgage and recurring monthly bills add up, and they can add up quickly.   One day you are making payments adding up to $500, and in the blink of an eye you could be staring down the barrel of $5,000 a month.   [...]

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The United States controls the largest economy in the world, and one that has not gone bankrupt once in its 235 year history.  It is safe to say that the country is a pretty safe investment.   So revered is this fact, that just about everywhere in the finance world, the “risk-free” rate of return [...]

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Accounting Concepts

On July 13, 2011 By

I always correct people.

“You went to school for accounting, right?”

“No, I was a counting major.”

*Gasps of enlightenment from all who heard*

I used to say accounting is the language of business, but that doesn’t get as many laughs.

When a lot of people think about accountants, they think about “bean counters”, counting [...]

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Everyone has a priority list.  Some start at the top and complete everything on that list.   Some pick and choose which ones to do depending on the consequences of completing or not completing the items.   Things go up and down on that list as life changes.   If you are someone like me, [...]

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Rental Properties

On February 24, 2011 By

While in school in Oshkosh, I lived in a home that my parents purchased.   I lived in one bedroom and the other three bedrooms were rented out.   It was a very good learning experience; one that taught me a great many things about home maintenance, customer service, and running a small business.   [...]

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