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Articles Archive for March 2006

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[1 Mar 2006 | No Comment | 287 views]

The year 2006 looks promising for overseas property investing. There are several locations in which forecasters of the real estate market are predicting to be a good investment. Low cost flights new airports and low prices are all factors for the overseas property investor.
Bulgarian property
With world-class ski facilities a low cost of living, Bulgaria is heading to the top as a hot touring spot. The golfing industry seems to have a lot to do with this, as well. With new golf courses scheduled to be built over the next few years, predictions are that the prices of property will be increasing, too. In 2003, the property prices in Bulgaria increased by thirty-one percent. It is stated that many investors are currently buying blind, never before having been to Bulgaria. The price of house can be as low as $7,000, however, be prepared for a fixer-upper at that price.
Southern Cyprus property
Another …

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[1 Mar 2006 | No Comment | 228 views]

Coupons, used wisely and selectively, can be a great way to save money from your food budget. Here are some tips to start you on your way to becoming a coupon guru.
1. Don’t use coupons just because they are a “good deal”. Try to limit coupon use to products you would normally buy anyway. Coupons are most often offered to entice shoppers to buy high priced, highly processed convenience foods. In some cases it may be cheaper and healthier just to make your own home made version of the product from scratch.
2. Keep your coupons organized in a binder or special coupon holder and sorted by category. Go through your coupons every week or so and throw out any that have expired.
3. Look for coupons that come in packs in the mail, in magazines, or with in the inserts with the Sunday papers. Ask your coworkers, friends and neighbors to …

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[1 Mar 2006 | No Comment | 212 views]

Although traditionally women have represented the majority of part-time workers in the UK, there are large groups of other workers who for a variety of reasons only work part-time. Whatever your reasons for working part-time, it is important that you have all the facts you need about how part-time work could affect your pension.
Even though you may only be working part-time it is important that you consider your pension and seek professional advice as and when you may require it. In and amongst this consideration about your pension you need to bear in mind that even though you are only working part-time you are still entitled to the same pension rights as a full-time worker.
Traditionally workers simply did not have rights, let alone pension rights. However, as time has gone by the social attitudes have brought about a change in legislation as regards workers’ rights. It has taken a while …

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[1 Mar 2006 | No Comment | 249 views]

Preparing and filing your taxes is a less than exciting task. Much like visiting the dentist it something that must simply be done. There are ways to make it a little less painful.
Get a Jump Start on Your Taxes
As with many things, procrastinating on the preparation of your taxes is a bad move. Tax preparation procrastination leads to one thing – frustration. If you try to sit down, organize your records, fill out forms, recheck your math, discover a stack of missing receipts, redo your taxes, recheck your math, discover another set of receipts…well, you get the idea. Doing it all at once is a recipe for disaster and mayhem. Don’t do this if at all possible. Instead, spread out the tasks. While you are waiting for clothes to dry, grab your receipts and organize them. A few days later, get all of your 1099s together. A few days later, …

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[1 Mar 2006 | No Comment | 236 views]

If you earned revenues as an independent contractor in 2005, you should have received a 1099 Form for the work. So, what if you haven’t received one?
What To Do If You Didn’t Get a Form 1099
If you earned over $600 from one person or company as an independent contractor in 2005, that company or person is supposed to issue you a 1099-MISC form. The form is applicable to revenues, rents, royalties and other categories of income beyond the scope of this article. In issuing you a 1099-MISC, the business or company is also supposed to send a duplicate of the form to the IRS. This allows the IRS to keep a tab on how much money you earned in 2005. Lucky you.
1099-MISC Forms are supposed to be issued to independent contractors by January 31, 2005. Businesses, particularly small businesses, are famous for failing to get the forms out on time. …

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[1 Mar 2006 | No Comment | 244 views]

If you worked in a salaried position during 2005, your employer should issue you a W-2 form for your tax reporting. So, what if you haven’t received one?
What To Do If You Didn’t Get a W-2
W-2 Forms, known as Wage and Tax Statements, must be issued by employers to all employers with duplicates being reported to the IRS. W-2 Forms have to be issued no later than January 31, 2006, which means you should have already received yours as of the writing of this article. Notwithstanding this legal requirement, more than a few employers fail to send out W-2 statements in a timely manner. This is particularly true for small business, which have a bad habit of being unorganized. There isn’t any tactical advantage to failing to send out W-2 forms, so don’t assume the employer is carrying out a vendetta.
If you haven’t received a W-2 Form from an employer, …

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[1 Mar 2006 | No Comment | 261 views]

With the every expanding global economy, many people receive earnings from foreign entities. Unfortunately, the federal government wants you to pay taxes on it.
Taxes on Your Earnings From Abroad
The federal government has a very simple attitude towards taxes and earnings. If you have earnings, the feds want some of it. A number of countries, however, take the attitude that if you earn money in another country, they will not tax that money. In theory, this is because you are already paying taxes in the foreign country. This makes sense from a logical perspective, which means the federal government does something else.
Regardless of what you do, how you do it or where you do it, the federal government demands that all U.S. citizens pay taxes on their worldwide income. Your income includes everything from wages, tips, interest payments, dividends, capital gains, pensions, royalties, rents and revenues. Put another way, there are …