7 ways to cut your tax bill

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Kelly TrageserWe all complain about how many of our hard-earned dollars go to Uncle Sam. However, with a little time, research and proper planning, we can learn how to keep more of our money when tax time rolls around.1. Use a Certified Public AccountantI often wonder why couples will spend $200 to go out for dinner yet do their own taxes. Not only are they forgoing the wise counsel of an expert but also setting themselves up for a potential error that could cost them thousands in the long run. I always recommend clients work with a CPA in order to maximize tax planning opportunities and plan for any potential tax liabilities. Discussing your financial situation with a CPA can help you come up with a strategy that will keep more dollars in your pocket.2. Be EducatedIt’s often been said, “An educated consumer is a wise consumer.” It is important to be educated in basic tax preparation.One of the most important tax forms you should understand is Form 1040 – the U.S. Individual Income Tax Return. Some may laugh and say it would take a master’s degree in taxation to understand that form. However, with a little knowledge, Form 1040 can certainly be demystified. Form 1040 asks you to report your income, and then gives you opportunities to reduce that taxable income or taxes paid by allowing you to take adjustments, deductions, exemptions and credits. By familiarizing yourself with those four words, you’ll have the tools that can help to reduce your taxable income. continue reading »last_img read more

Doug Marrone reaches agreement to coach Buffalo Bills, ESPN reports

first_img Facebook Twitter Google+ The Buffalo Bills and Doug Marrone have reached an agreement for Marrone to become their next head coach, ESPN reported Sunday.Marrone leaves Syracuse after four seasons. He led the Orange to a 25-25 record during that span, including two Pinstripe Bowl victories. After coaching at his alma mater, Marrone, who was the offensive coordinator for the New Orleans Saints before becoming the head coach at Syracuse, is now back in the NFL.Attempts to reach Syracuse athletics for confirmation were unsuccessful.The former Syracuse head coach interviewed with the Cleveland Browns and had interest from the Philadelphia Eagles and San Diego Chargers in addition to Buffalo. Marrone will replace Chan Gailey, who went 16-32 as head coach.Marrone took over the Orange in 2009, and transformed a program that had won only 10 games during the four previous seasons under Greg Robinson. In his four seasons, Marrone led SU to records of 4-8, 8-5, 5-7 and 8-5.AdvertisementThis is placeholder textAfter coaching at various colleges, he spent seven seasons as an assistant coach in the NFL. He was the offensive line coach with the Jets from 2002 to 2005, and was then with Drew Brees and the Saints from 2006 to 2008.The Bronx native restored Syracuse’s recruiting foothold in the New York City area. He led the Orange to a 36-34 win over Kansas State in the Pinstripe Bowl in just his second season with Syracuse.Syracuse started the 2012 season 2-4 amid turnovers and on-field blunders, but Marrone and the Orange reversed course and finished the year 5-1 en route to a postseason appearance.Syracuse beat West Virginia 38-14 in the Pinstripe Bowl. With that win, in addition to his NFL coaching experience, Marrone became an appealing candidate to return to the NFL.At the start of the season, Marrone oversaw an overhaul of Syracuse’s offense as the Orange adopted an up-tempo, no-huddle system. It’s a style that more and more NFL teams are running.Marrone is taking over a Bills team that struggled for more than a decade. Buffalo went 6-10 and finished tied for third in the AFC East. Marrone is also inheriting a quarterback, Ryan Fitzpatrick, who finished 18th among NFL quarterbacks in passing yards with 3,400.Buffalo’s defense struggled throughout the season. The unit was 22nd in the NFL in total defense and 31st in rush defense.The Bills have not made the playoffs in 13 seasons.We will continue to provide updates on Marrone and Syracuse’s coaching situation throughout the day. Comments Published on January 6, 2013 at 8:18 am Contact Chris: [email protected] | @chris_isemanlast_img read more

Maher says AI title hasn’t sunk in

first_imgRonan Maher says winning the All-Ireland senior hurling championship title still hasn’t sunk in yet.The Thurles Sarsfields player was a member of the Tipp side that claimed the Liam MacCarthy Cup at Croke Park last month.He also won the county championship with his club last weekend. The Young Player of the Year nominee is hoping to add to his medal haul before the year is out…last_img