Sometimes it is fun to go back and look at old tax records. But for reasons other than nostalgia, it's not necessary to hold on to most of your records for more than three years.
More Quotes from Cindy Hockenberry:
If you want to save tax dollars, deferring your funds into a retirement account is probably the best solution. That money grows tax free and (if you take out a traditional IRA) you reduce your taxable income in the year you make the contribution.Cindy Hockenberry
The first thing you should do is to not panic. Sometimes they are just looking for a very specific thing, and if you give them what they are looking for it's no big deal. Just give the IRS what it wants and do it as fast as you can. That way it'll be over fast.
Cindy Hockenberry
I'm not thinking the accelerated tax rate reductions would have a huge impact. They always like to say it's an economic stimulus package because they want to give the illusion that the economy is recovering that people will have more money. But it's only a small drop in the tax rates and I don't think in the grand scheme of things most taxpayers are really going to notice it.
Cindy Hockenberry
They need to make sure their payments are on track. There is nothing worse than realizing come April they have underpayment penalties.
Cindy Hockenberry
When you really think about it, when you give up your U.S. citizenship, you give up a lot. It's not as good as it sounds.
Cindy Hockenberry
People forget about tax credits and they don't take all the deductions to which they're entitled. That happens all the time.
Cindy Hockenberry
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People expect me to be with some stripper... That's just the kind of woman I work with.
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Because in Australia there really isn't a lot to do. There aren't a lot of opportunities.
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