Get Rich Slowly

If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!Here’s some end-of-the-year advice from new GRS-reader W.C. Varones, a finance professional from San Francisco. Varones writes that if you have investments for your children, now is the time [...]

An AskMetafilter user wonders how long to keep receipts:
I have been keeping all of my receipts for some time now. Every day, I enter them into my money tracking system (presently just a text file where I capture date, payee and amount). Then I file the receipts away in folders by month. My question: does [...]

MSN MoneyCentral has a list of somestrange tax write-offs that people have claimed over the years. For example, there’s the disc jockey who claimed his dog as a dependent. Dogs (and cats) may require as much attention as kids sometimes, but they’re not a legal deduction.
Then there’s this one:
[A client] approached Manhattan CPA Marc Albaum [...]

CNNMoney has posted a list of the priciest places to smoke and drive.
According the list, compiled by CCH (a tax-services firm), the top five cigarette taxes by state can be found in Rhode Island ($2.46/pack), New Jersey ($2.40), Washington ($2.025), Maine ($2.00), and Alaska ($1.80). The top five gas taxes by state are in [...]

Here’s a piece of news that’s odd but good.
The U.S. Treasury Department on Thursday conceded a legal dispute over the 3 percent federal excise tax on long-distance telephone service and said $13 billion would be refunded to taxpayers.
One-hundred-six years ago, in 1898, the U.S. Congress implemented a long-distance phone tax to help fund operations [...]

When preparing taxes, one challenge is collecting all of the necessary documents. Tax-related papers flow into a home at all times of the year, not just in the spring. It’s easy to lose important papers.
I’ve found a method to eliminate the headache completely.
I have a bill-paying area at my desk: a small cubby-hole specifically [...]