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Do I Need to Report This Income? Part 2

by Flexo

One of the biggest questions when tax time rolls around has to do with income. Not everything comes neatly reported on W-2s and 1099s. What else needs to be reported to the IRS? As I’ve been finding out, just about everything else should be reported. Yesterday, I shared a few types of income that should ... Continue reading this article…

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Do I Need to Report This Income? Part 1

by Flexo

In general, if you have to ask whether you need to report certain income to the IRS, the most likely answer is, “Yes.” Here are some examples, courtesy of MSN Money. Q. I hosted a party to sell products to my friends (and use my social circle for multilevel marketing from some corporation), and my ... Continue reading this article…

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The Carnival is Up!

by Flexo

A Penny Saved corralled a huge number of submissions for the latest Carnival of Personal Finance, edition #79. Even after weeding out spam, it’s a large collection. Here are some to check: * Liberal Arts to Law School? * The High Cost of Procrastination * How to Protect Yourself Against Identity Theft * And my ... Continue reading this article…

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Was Your Credit Card Number Stolen in February?

by Flexo

If you have ever been a customer of Hotels.com, this might affect you. Credit card numbers and names of 243,000 of the company’s customers were on a laptop computer stolen from an Ernst & Young employee in February. They only began notifying customers last week as until recently, the companies didn’t know what was contained ... Continue reading this article…

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What Are You Afraid Of? Part 2

by Flexo

Earlier, I posted a summary of the first half of Money Magazine’s newest feature, Your Six Biggest Money Fears. In the feature, six general fears regarding personal finance are discussed and debunked, and for each an alternate concern is posited. Outsourcing makes many white-collar Americans concerned about their job. Still, it’s mostly blue-collar jobs that ... Continue reading this article…

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Wallet of Plastic

by Flexo

It’s widely believed that the more credit cards you have, the better your credit rating. MSN Money, with the help of some experts, debunks that common misconception and recommenhds having two to six credit cards, and using them wisely: Keep your debt ratio low. Don’t carry a balance higher than 30 percent of the credit limit. ... Continue reading this article…

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