How to Pay Less Taxes? These Tips Will Surely Help You Resolve Your Tax Problems in No Time!

There is nothing more frustrating than to work hard all year, pay what you think is your fair share of income tax and then turn around on April 15th and get slapped with MORE tax because you did not pay attention or find a way to pay less taxes throughout the year. Just once, wouldn’t you like to know how to pay less taxes and maybe, just maybe, get a refund for once? Well, good news, there are several tips I will show you how to pay less taxes every year.

Buy a house. This is considered the number one way to pay less taxes by using the mortgage interest tax deduction. If you currently rent, consider asking your landlord if you can buy the house you live in now. Why let your landlord get all the tax deductions?

Get a 401k. Put a percentage of your paycheck into your 401k every payday. This reduces your taxable income so you pay less taxes. Note, however, you cannot withdraw it before age 59 1/2 without paying a penalty. Many employers match your contributions so the combination of reducing your taxable income and the matching funds practically PAYS you to save. Do the calculations, sometimes you are effectively paying yourself what you would have paid the IRS if you had not contributed.

Convert your credit card debt. You cannot deduct credit card interest but CAN deduct mortgage interest. If you have a lot of credit cards to pay, consider the possibility of making that debt secured debt. If you own a home and have equity, you may be able to refinance your home or secure a second mortgage to pay off those credit cards. Be careful, however, and ensure first that you can afford to pay the mortgage(s) or else you can lose your home. This swapping of debt actually HELPS your credit score because you are swapping unsecured debt for secured debt so it has a double benefit.

Start a hobby to make money. This should actually say, START A BUSINESS. If you truly want to learn how to pay less tax, then this is the key to your success and the easiest and cheapest to implement. You cannot run your business like a hobby, however, or you risk losing all your tax deductions/business expenses. But if you learn how to turn that hobby into a tax deduction goldmine, that is the formula on how to pay less taxes.

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The Three Step System For Real Estate Investors in the United States

Real Estate is traditionally one of the best investment vehicles available. Over the last century, investing in residential real estate and commercial real estate has proven to be one of the best ways to build wealth over time in the United States. And has outperformed just about every other form of investing over the longer term. What this has meant though is that the area has become increasingly competitive for would be investors in the United States, and so it is increasingly important to be fully informed of the latest legislation, tax considerations and real estate investment strategies BEFORE dipping your toes in the water.

Here is the Three Step Real Estate Investors System to ensure that you are around for the long haul:

1/ Be ready to work with Agents – Agents can either be some of your best friends, or your worst nightmare in the real estate game. You need to create relationships with them so that they call you first when a good new property comes on the market. They need to know that you are serious, and that you will actually follow through if they find you a property that appears to fit the profile you have described to them. This profile needs to be in terms of several different factors:

Price – The price has to be right for the type of property, the condition and the area.

Type – The agent needs to know if you are only interested in flats, six bedroom houses or commercial property. Be very clear with them about what you are seeking.

Area – The property can be just the right type. A great price, and in great condition. But if its in the wrong area, forget it! So make sure that your agent knows whereabouts you are seeking to buy property, so that you neither waste his time or yours in looking at real estate that you will never be interested in.

Condition – Are you willing to take on re-developments? Or are you only interested in new builds? Make sure that your agent knows.

2/ Bank Owned Properties (also known as Real Estate Property or REO) – Banks take back ownership of properties because the owner failed to make their mortgage payments. And this can be a real goldmine if you tap into it correctly. Make contact with all the banks in your area and get on their books to be informed when they have any re-possessions that need to be sold quickly, and hopefully for a very reasonable price.

3/ Door to Door Marketing – Door knocking is a lead generation, qualification, and development tool used by real estate investors for years to gather information, build rapport, and negotiate with the seller. Fortunately it is also a technique that you can use. Get some cards printed up and leaflet an area you want to invest in with them asking for people to contact you directly. You may be surprised at how many responses you get.

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How Internet Marketing Is In Your Life

Generally, buying and selling is the physical market activity. We go to the shopping malls and get the things we want. Now, with the growth of the Internet users the face of marketing has changed. The world is experiencing a novel market, that market is Internet market. Generally saying, we use the term Internet marketing to refer to the practice of buying and selling over the Internet.

The scope of the growth of the Internet marketing is unimaginable but the causes of this kind of massive expansion are very clear. According to the Worldwide Online Population Forecast, 2006 to 2011 report by JupiterResearch, there will be 1.5 billion people with Internet access in 2011. The biggest growth in the online population would occur in Brazil, Russia, India and China. Also, according to that report, by 2011 almost 22% of the Earth’s population will surf the Internet regularly. The report also says 1.1 billion people currently have regular access to the Web.

Such a huge enhancement in the number of the Internet users is mind-blowing. Now, the question may arise as why such a huge growth in a particular stream in such a short time. The answer would be, because of the services they provide. You name a service and you can find that over the Internet. Internet is providing customers from life partners to mobile phones. Such is the range of their services and internet marketing is very helpful for proper marketing of these services through various methods.

Various methods of the Internet marketing like search engine marketing, e-mail marketing, viral marketing, blog marketing, affiliate marketing etc. is providing these online services directly or indirectly. Online marketing services are educating companies and websites regarding various online marketing tools and these companies are generating more revenue by utilizing these tools.

Internet marketing is also affecting online ad spends on a very large measure. According to the report of PricewaterhouseCoopers, the total U.S. internet marketing spend was $16.9 billion in 2006. Such is the impact of the Internet marketing and fact is that it is growing day by day.

Moreover, we can say that online marketing services have played a major role in such growth of the Internet marketing and they will play bigger roles in the future.

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All About FHA Loans

The loans provided under the aegis of Federal Housing Administration (FHA) provide necessary insurance to the lending institute against non-payment or default committed by the individual undertaking the home loan. The FHA works under Housing and Urban development of the US federal government. The history of the FHA loans goes back to early 1930s when the economy was going through a major recession and this led to defaults by the borrowers which the lending institutes had to take on their books. Hence FHA was set up to provide necessary insurance to the lending institutes. Besides this objective, FHA has been able to provide to big boost to affordable housing industry in the US by providing an alternate route to low income individuals who cannot afford to go to a Private Mortgage Insurance (PMI). Please remember that FHA is not an agency which provides any kind of loan to an individual or grants loans at a subsidized rate of interest. They would merely insure the loan that you have availed from an authorized FHA lender. In addition to low income profile, set of people who can look forward to help from FHA are individuals who cannot afford a big down payment and those who have undergone a financial crisis in the form of a bankruptcy in the past.

If you are looking for an FHA loan, you must approach FHA authorized lenders. Not all the lending institutes are FHA approved and it is essential to narrow down to the ones which are on the FHA approved list. There are experts available with all FHA approved lending institutes who specialize in giving you necessary advice and information about FHA Loans. The applicants of FHA loan would undergo a credit analysis and review process similar to the one carried out under for applicants under the conventional category. Let us look at the important characteristics of FHA Loans.

o FHA loans are especially positioned for first time home buyers since they come with the facility of a low down payment. They encourage low income group to purchase their own homes since FHA loans involves a significantly lower down payment compared to normal home loans.
o FHA Loans would consider the administrative and processing charges of a home loan to calculate the amount of FHA loan that an individual would be eligible for.
o FHA Loans help you save on significant interest costs towards servicing of home loans since these are cheaper to conventional loans. Hence your monthly outgo towards interest on home loan is reduced and you are comfortable managing and servicing he loan.
o The lending institutes are more than happy to process and disburse loans since they are backed by the guarantee of FHA.
o An FHA Loan is your best bet in case you do not have a good credit score.
o FHA Loans are not only available for a home purchase but also towards renovation and home improvement

Just walk in to the nearest office of an authorized FHA lender to fulfill your housing dream. With FHA to help you, your home is a much closer to reality than you think.

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