Pecuniarities

Making your mortgage payment due January 1st in December can lower your income tax bill come April.

Expansion difficulty/complexity level: Medium-Easy
This is a fairly easy Monopoly game expansion to teach youngsters the principles of filing and paying income tax. It includes an income tax form on which players keep track of income and deductions, figure and pay their income tax at the end of each circuit of the board. Players may opt [...]

We received the following letter from our County Assessor-Recorder the day before yesterday. At first I was afraid to open it, thinking it was bad news. Well, it did turn out to be bad news … but with every cloud comes a silver lining…
Dear Taxpayer:
As a result of the decline in value of the local [...]

How procrastination unforeseen events and delays such as power outages and technology malfunction almost got me in trouble with my tax return.

If you make money working on your own, such as blogging with Google AdSense, Amazon Associates, etc., you will very likely have received a Form 1099-MISC for miscellaneous income by the beginning of February. And you will need to file and pay self-employment tax.

The first year I had to file self-employment tax, I was completely [...]

I participate in a couple of online forums where members have been eagerly discussing the various ways in which they plan to spend their tax rebates this year — $300 for retirees, $600 for most individuals, $1,200 for married couples and $300 for each child per family. While some have spoken of saving it or [...]

Expansions Difficulty/Complexity: Easy
This is a cash-free version of the game wherein all transactions are handled through personal checking accounts and recorded in individual check registers. Each player is responsible for his own account and must record all transactions – payment and receipt of rent, taxes, bribes, etc. in his check register.
Objective
To teach children (and some [...]