Tuesday, October 21, 2008

2009: The Year of Change

Two Weeks! Two Weeks! With less than 15 days to go in this years’ election, the polls seem to be getting less one-sided. The voters seemed to be about even and just like any other year, we won’t know for sure until the 4th of November. But the biggest question still remains; what does this mean for the economy? And even more importantly, what does this mean for taxes?

Tax This! Regardless of which candidate is elected, 2009 is going to be a year of change. Of course I’m mostly talking about the IRS. From simple things like forms, all the way to policy changes, things are drastically going to change. And if I know anything about the IRS, I’m sure they’re not going to put up with what they have been putting up with.

Bring the Pain! As you should know, the IRS can now legally severely penalize non-filers. If you don’t file your taxes, you can be fined up to $50,000 dollars per year not filed. Not to mention, now they can even throw you in jail!

The Up and Up: Make sure you keep up with your taxes. Trust me, I know how much of a pain it can be. But it’s going to be a lot worse if you don’t file. So as these next few months go by, start getting into the tax mindset. Before we know it, it’s going to be April 15th.

Today’s Question: If you could change one specific thing about the economy, what would it be and why?

Now you have the Smoking Gun…Use It!

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