Being Wise With What's Given To You

By MAD21

"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty." (Proverbs 11:24)

"Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver." (2 Corinthians 9:7)

We are told not only to give and give cheerfully, but we are also told to plan it out.

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Haiti Relief Donations

By Heather (Balance with Purpose)

Taxpayers who donate to charities for the Haiti relief effort after January 11, 2010 and before March 1, 2010 are able to deduct these donations on their 2009 tax returns for an immediate tax break.

For more information click HERE.

Heather Sunseri is a Christian, wife and mother of two young children. She has worked as a CPA for the past 15 years for thoroughbred horse farms and in public accounting in Central Kentucky. She spends her free time as an inspirational writer and enjoys the little things in life from long bike rides in the country to homemade pizza and family game night.

Have You Been Bailed Out?

By Heather, CPA (Balance with Purpose)

Have you been bailed out? If so, I want to hear about it.

My husband and I were chit-chatting about Obama’s Economic Stimulus Package and concluded we know of only one couple who benefited by one of the programs developed and passed by congress in 2009. ONE COUPLE, who benefited from ONE portion of the 2009 bail out. And we know people. We have friends all over the country, and only one of them, that we know of, took advantage of one of the economic incentives that are/were available as part of the Economic Stimulus Package.

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Waiting For Those 1099 Tax Forms?

By Heather (Balance with Purpose)

It’s that time of year again–when accountants update their pocket protectors along with their tax software and people all over the United States wait anxiously by the mailbox to see if this will be the day that their W-2s and 1099s arrive so that they can rush right over to their accountant’s office to see what their refund will be from 2009.

Well, not so fast. For years after 2008, certain 1099s are not required to be mailed out to taxpayers until February 15. This includes: 1099-B (Proceeds from Broker and Barter Exchange Transactions), 1099-S (Proceeds from Real Estate Transactions), and 1099-MISC (if amounts are reported in boxes 8 (substitute payments in lieu of dividends or tax-exempt interest) or 14(payments to attorneys)).

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Why A Roth IRA Conversion May Make Sense For You

By Heather, CPA (Balance With Purpose)

It’s a new year, and there are many tax law changes going into effect that promise to keep life interesting and tax professionals busy. As a CPA, I like to think of this as job security.

Today, I’m highlighting one of my favorite tools to use for tax planning and saving for the future–the Roth IRA.

First, let’s look at the basics:

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