Tag Archives: Taxes

Find Out if You Even Have to File 	Ever wonder if you actually need to file a federal income tax return? Well, you may be onto something. Identifying whether or not you need to file will save both you and the government time and money. People can check the Individuals section of the IRS website or use their Interactive Tax Assistant tool to see if they qualify.

4/11: 11 Last Minute Tax Tips

With only a few days left to file, Black Enterprise gives you the 4-1-1 on filing your taxes

With only a few days left to file, Black Enterprise gives you the 4-1-1 on…

By Janel Martinez

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Caring for An Aging Relative? Don’t Overlook Your Tax Breaks

When writing off your relatives...on your taxes...makes sense

When writing off your relatives…on your taxes…makes sense

By John Simons

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(Image: ThinkStock)

How to Avoid Tax Audit Triggers

Make sure the tax man has no reason to come knocking

Make sure the tax man has no reason to come knocking

By Sheiresa Ngo

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green folder labeled Income Tax

Your Financial Records: What to Save, What to Shred and When

If tax season has you rifling through bank statements and canceled checks, these tips will help you know how and when to purge

If tax time has you rifling through old bank statements, credit card bills, canceled checks,…

By BlackEnterprise.com

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10 Ways to Save Money on Your Tax Return

It's that time of year. Here's how to prepare and save!

It’s that time of year. Here’s how to prepare and save!

By John Simons

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Over the years, producer Chuck Harmony has worked with everyone from Celine Dion (“I Got Nothing Left”), Mary J. Blige (“I Can Do Bad”) and Janet Jackson (“Let Me Know”) to Keri Hilson (“Pretty Girl Rock”), Fantasia (“Bittersweet”) and Ne-Yo (“One in a Million”).  In that time he’s seen overflowing budgets and newcomers blow their advances on expensive homes, cars and jewelry. In observing his colleagues’ ups, downs and pitfalls, Harmony’s views on finance, investing and, more importantly, how to save is very different than most. The creator of Los Angeles based Harmony House Entertainment shares a few of his financial tips for aspiring musicians and entrepreneurs with BlackEnterprise.com.

5 Financial Pitfalls to Avoid When You Come into New Money

Music producer Chuck Harmony shares advice on how to handle success the fiscally smart way

Over the years, producer Chuck Harmony has worked with everyone from Celine Dion (“I Got…

By Anslem Samuel

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Surprise! The IRS Counts Forgiven Debt As Taxable ‘Income’

Just because your lender cleared you of a debt doesn't mean Uncle Sam will when filing your tax return

Consumers are receiving so-called 1099-c “cancellation of debt” tax notices, informing them that the IRS…

By John Simons

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UBR Morning Post: Home Decor CEO Tina Shoulders

Bonus content on the entrepreneurs and strategies featured on The Urban Business Roundtable

This week on The Urban Business Roundtable, UBR Contributor Renita Young speaks with home decor…

By Alfred Edmond, Jr.

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The holiday shopping season is over and the New Year has begun. Reaching your financial goals starts with getting a clear picture of where you are today. Guessing and estimating will not do; you need to know exactly where you stand financially, to the dollar if not to the penny, not in your head, but on paper (even better, on computer). To increase your wealth by December 31, 2011, here's what you need to do NOW. --Alfred Edmond Jr.

5 Steps to a Richer 2011

Reaching your financial goals starts with getting a clear picture of where you are. Here's what to do NOW!

The holiday shopping season is over and the New Year has begun. Reaching your financial…

By Alfred Edmond, Jr.

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Washington Report: Obama Signs Middle Class Tax Cuts Bill Into Law

One lawmaker fears that voters (and Presdent Obama) will suffer for it later

After two weeks of venting and handwringing by their colleagues, House Democratic leaders were able…

By Joyce Jones

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Hip-hop artist M.C. Hammer is infamous for his financial fall from grace in the '90s, and his troubles followed him into a new decade. In 2009, he owed more than $671,000 in state and federal taxes.

10 Black Celebrities Who Have Had Their Share of Tax Woes

The IRS halts for no man--or star. See how some famous folks have (mis)handled their finances

Here are 10 black celebrities who felt the wrath of the IRS

By Janell Hazelwood

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What You Can Learn From … Wesley Snipes’ Tax Evasion Blunder

Negligence and protest are NOT your friends when dealing with the IRS. In fact, they could get you three years in prison

As Wesley Snipes reports to prison today to serve a three-year sentence for tax evasion,…

By Janell Hazelwood

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For further reading: 5 Financial Lies that Could Land You in Hot Water The 7 Deadly Sins of Money Management 16 Money Experts Who Want to Make You Rich

7 Money Lessons from the Bible

Who knew the good book contained wisdom for your life and your finances?

The Bible is not only a source of inspiration, comfort, and a guide for living,…

By Sheiresa Ngo

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Year-End Financial Checkup

Use this guide to help you evaluate your financial health

Here are some guidelines to help you conduct your own financial checkup.

By Sheryl Nance-Nash

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Before You Vote, Do The Math

Will your federal income taxes go up or down in 2011? See how your vote could be the deciding factor

If tax anger determines who you’ll vote for on November 2nd, don’t go to the…

By John Simons

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6 Ways Your Taxes Could Increase in 2011

What to expect if the Bush Tax Cuts expire

If the Bush Tax Cuts expire, the child tax credit will be reduced and capital…

By Marcia Wade Talbert

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Tax Insider: Tax Tips for the Unemployed, Part 2

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you’re unemployed tax credits can help reduce the taxes you owe and put more…

By Marcia Wade Talbert

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Retiring Rich: Too Young to Think about Retirement? NOT!

Advice, tips and strategies you can use now to ensure a secure retirement in the future

Taking advantage of your 401(k) plan now will reap rewards in the future.

By LaToya M. Smith

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Tax Insider: Tax Tips for the Unemployed, Part 1

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

You can’t wish your taxes away just because you’re unemployed. Here are three steps to…

By Marcia Wade Talbert

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Tax Insider: College Tax Breaks

Expert advice that individuals and businesses can use to stay abreast of tax news and rules.

If you or someone in your household is taking college courses, you know how expensive…

By Sheiresa Ngo

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