Turbo Tax has serious bugs lurking under the covers of this year’s tax software and these bugs are going to get you, unless you give yourself more time to do your taxes and are extra vigilant!
As far as US income tax preparation software is concerned, Turbo Tax is and has been for at least 20 years, since it was acquired by Intuit, the king. This year, tens of millions of people will use a product from the Turbo Tax line of products to prepare and file their personal income taxes without giving it a second thought.
If you have ever owned a bond, chances are you have at least heard about Original Issue Discount, or OID for short. Simply put, it is the difference between the amount you paid for the bond and it's redemption value.
IRS considers OID to be a form of interest that accrues as you hold the bond. And even if you are a cash based taxpayer, as most of us are, you must pay taxes on this accrued interest every year that you hold the bond. Of course, you don't see this money until the bond matures, or you sell it. Nevertheless, the Government gets its cut of it every year.
I recently received a letter from our rental application processor RentApp, a service of Appfolio, informing me that they are discontinuing their online application/screening platform at the end of March. RentApp was the only service I could ever find that provided the depth and breadth of information on rental applicants at a reasonable price point.
My long-time followers are well aware that I have neglected this StockValues.Org blog, which BTW runs on Drupal 6, for much of 2013, even reducing the site to maintenance mode, making it completely inaccessible to the mere mortals, for many months.
In the meantime, I continued to use Twitter for quick updates and to share my thoughts. If Twitter wouldn't have made changes to their API, upgrading it to API 1.1 during this time period, all my tweets would have been recorded to this blog's database automatically by a dutiful cron, which never missed a beat. Well, Twitter changes happened and so my updates didn't.
You may still be able to get out from under the yoke of Obamacare, at least temporarily.
If you are one of the unfortunate millions, who have received a cancellation notice from your health insurance company for your individual health plan, and your insurance company still refuses to implement the "fix" President Obama announced two weeks ago whereby, "insurers can extend current plans that otherwise would be canceled into 2014 and Americans whose plans have been canceled can choose to re-enroll in the same kind of plan," you may still be able to avoid the brunt of Obamacare and it's mandated penalties at least through the end of 2014.
If you are hoping to get health insurance through one of the newly minted marketplace health insurance exchanges, beware, some of the information posted on the government websites may mislead you. Worse yet, representatives answering your questions may give you incorrect information.
With world's attention turned to unrest in the Arab countries and now the earthquakes in Japan, it is easy to see why last Friday's murder in the Samaria region of Israel went mostly unreported by the mainstream media in the US. A Jewish couple and their three kids - the youngest was only three months old, were murdered by a terrorist. A group affiliated with Abbas’ Fatah faction claimed responsibility.
Whoever says that the dollar doesn't buy what it used to, obviously has not shopped JC Penney this quarter. JC Penney ran multiple and often stackable simultaneous promotions through December and early January. Judging by their holiday season sales results, all the efforts paid off in the form of higher top-line numbers. Revenue at stores open at least a year rose 3.7 percent in December, beating the 3.3 percent consensus analysts expectations. Customers who don't normally shop JC Penney came to snatch up some rather amazing deals.
We all know by now that a very political compromise has been reahced between members of Congress and the White House on the extension of unemployment benefits for an additional 13 months and of the so called Bush Tax cuts. The compromise includes additional tax cuts for the lower and middle income tax payers, some of which will come in the form of a reduction in a payroll tax.
The time has come for me to admit that buying EWJ (an exchange traded index fund of large Japanese stocks) three years ago was a mistake. Much of the rise in EWJ over the past six months was the function of the appreciating Yen, which hit a 15 year high against the $US about a month ago. It was not, however, due to underlying stocks rallying in Yen terms.