Chintamani Abhyankar
I specialize in taxation, personal finance and identity theft issues. My tax strategies for small business owners have resulted in saving thousands of dollars to my clients.
Beginning my career as a chartered accountant, I had been a professor teaching taxation and financial planning in various colleges and universities worldwide. I have a rich experience of over 25 years. I can offer financial solutions which anyone can follow.
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Beginning my career as a chartered accountant, I had been a professor teaching taxation and financial planning in various colleges and universities worldwide. I have a rich experience of over 25 years. I can offer financial solutions which anyone can follow.
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Tax Withholding and Equity CompensationWhen your offer stock options, they may be subject to tax withholdings. Well this is a tricky subject and you should be very clear about the tax consequences of such options. Have some useful advice provided by Chintamani Abhyankar.
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Important Things to Know About Compensation in Stock and OptionsYour compensation as an employee may be in the form of stock options. What are the options to make these offers sweeter? Chintamani Abhyankar explains.
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Free Tax Filing for the MilitaryWhen you are serving in military, you deserve some tax concessions. You get some deductions, some exemptions. Make full use of them with these tips. Chintamani Abhyankar explains.
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How Members of Military Should Plan Their TaxesWhen you are serving in military, you deserve some tax concessions. You get some deductions, some exemptions. Make full use of them with these tips. Chintamani Abhyankar explains.
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Beware of the Adoption Tax Credit ExclusionThere are several tax credits and exclusions available for adopting a child. They depend on many factors like your marital status, eligibility of the child and the limits applicable under these.
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How to Maximize Post-Retirement AssetsPreserving your retirement money prudently is very important. There are a lot of the rules relating to tax ability and tax free retirement income and you should take the advantage of government leniency towards retirement money. How?
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Avoid Overpaying the IRS by Adjusting Your WithholdingsMany Americans still believe that if they keep their tax withholdings at a higher rate, they are investing their money wisely and that will give them a fat refund. When is it the correct strategy?
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Filing State Income Tax when Living in Multiple StatesIt is possible to work into different states in the same year. Where to file your tax return? Well you should know the rules otherwise it is a big hassle at the last moment. Chintamani Abhyankar explains.
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How to Deduct Mortgage Interest SuccessfullyMortgage is the subject of interest for every American. How about deducting the mortgage-interest on your tax return? Well know the rules properly and claim the maximum otherwise you may end up paying mortgages without any tax benefit!
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You Can Deduct 529 Plan LossesSometimes investments in qualified tuition programs result in a loss of shattering the dreams of payments to provide money for their children towards their education.
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Fix Credit Report Errors FastStudies suggest that as many as twenty-five percent of all credit reports include errors. Such errors can lower your FICO scores by as much as fifty points.
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Easy Ways to Gear Up Your Credit ReportYour credit report contains both the good and bad aspects of your credit history. Most all the monetary transactions you participate in are going to be in your credit report.
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When a Creditor Muddles Your Credit ReportEverybody makes mistakes, but if one of your creditors makes a mistake on your credit report, how do you correct that?The mistake may have been accidental.
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Are You Sure You Want to Cancel Your Credit Card?Some consumers erroneously believe that by canceling their credit cards they will erase bad credit from their credit report. Some believe that before applying for a car loan or mortgage.
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Don't Be Apprehensive About Using a Credit CounselorIf you're experiencing serious financial difficulties, don't be apprehensive about the idea of contacting a credit counselor. In these financial times, a good credit counselor can be a real solution to your credit woes.
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Working with a Credit Counselor on Your Way to Financial FreedomBe sure to take the advice of your credit counselor seriously. They are professionals and they will be certain that the repayment schedule they create is well within your means, without causing you any undue hardship.
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Don't Keep Unreasonable Expectation from Credit Counselors!Having to talk to someone about your out of control debt can be embarrassing. In this day and age, however, many people are experiencing these same problems. This is part of the reason credit counseling services have grown so rapidly in recent years.
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Can I Use My Credit Card Overseas?A credit card is the most secure method for using money when traveling overseas. However, you need to make sure your current credit card is proper for such use.
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Learn the Secret Behind Zero Percent APR Credit CardsAlmost all major U.S. credit card companies offer a zero percent APR deal of one sort or another as a sign on promotion. If you are struggling to make your credit card payments and the struggle is dragging you down toward a bad credit report.
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How to Handle Your Zero Percent Credit CardGetting a credit card without interest is a nice idea, no doubt about it. However, it should not prove a trap for you. How to take advantage of such offer in the best possible way? Chintamani Abhyankar explains.
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Using Your Business Credit Card WiselyA business credit card can be used to bankroll your small business needs in the short run, but it must be used wisely. Imprudent use of your business credit card can have long-term effects on your small business.
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Managing Your Business Credit Card EffectivelyOnce you've decided on your business credit card, it is imperative that you manage that card effectively in relation to your business. This is not your personal credit card. You may very well choose to manage it quite differently.
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How to Raise Capital for Your Small Business?Lack of capital is a major concern for small businesses. You can help fill the gaps with a business credit card.
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Does My Child Really Need a Credit Card?All kids these days want that shiny flashing card in their name! But remember, it is not a toy! It is a tool to teach financial lessons. What will you remember while giving a credit card to your kids? Chintamani Abhyankar provides useful advice.
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As a Student, How Do I Know Which Credit Card Offer is Best?As a student, you may be sought after by many credit card companies. Don't get tempted to pick the first offer you ever receive. Select carefully your credit card. Chintamani Abhyankar offers useful advice on such selection.
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Successfully Managing Your First Credit CardGetting your first credit card is certainly a victory for you. But it is a beginning of your financial responsibility. You need to protect your card from the obvious risks. How to do that? Chintamani Abhyankar offers useful advice in this article.
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On Your Way to Get Your First Dream - Your First Credit Card!You begin facing financial challenges in your life from your first application for a credit card. And you don't want to be rejected. Is it an easy task? How to face it? Chintamani Abhyankar provides a friendly guidance.
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Its Smart to Use Prepaid Company Credit Cards for Employee ExpensesFinancial problems create starting troubles for a lot small businesses. Business credit cards can come to help. How should it be effectively used? Chintamani Abhyankar provides useful tips.
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Be Careful with Your Prepaid Credit Card and it Will Work Well for YouPrepaid credit cards are offered by most major credit card companies like Master Card, American express, and Visa. Such cards are a good tool for people with poor credit, students, and people in debt.
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This Fine Print in Credit Card Agreement is a Sign of Danger!Credit cards are becoming essentials of life. That is why you should maintain them nicely. If you are unable to make payment of your dues in time, it will affect you in several ways.
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To Keep Your Snowball Rolling!Credit cards have become a part of life. However, spending endlessly mounts your credit card debt. Even the thoughts of huge outstanding balances may scare you. But you can clear these balances if you have a strong willpower.
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Deflate Your Debt Problems with Snowballing!Credit cards have become a part of life. However, spending endlessly mounts your credit card debt. Even the thought of total outstanding balance may scare you. But you can clear these balances if you have a strong will.
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While Your Credit Card Debt Races Towards Bankruptcy!Credit cards have become a part of life. However, spending endlessly mounts your credit card debt. It may take you towards bankruptcy. How to reduce your debt? Chintamani Abhyankar offers straightforward advice in this article.
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Never Throw Away Your Credit Card Details While Shopping On-line!You use credit cards very frequently. While shopping on-line, you are not comfortable with all the transactions. A fear of abuse always hangs at the back of your mind.
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The Zombie of Your Thrown Away Computer May Destroy Your Life!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable. The trouble of identity theft can strike you in many ways.
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How Military Personnel Should Fight Against Identity Theft?You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable. The trouble of identity theft can strike military personnel in many ways.
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An Ideal Bank for You!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable. On many occasions, the trouble of identity theft starts from your bank account.
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This Law is on Your Side!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable.
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When Someone Returns Your Lost Wallet!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable. The trouble of identity theft can strike you in many ways.
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Don't Fill Your Car and Empty Your Wallet!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable. The trouble of identity theft can strike you in many ways.
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While You Desperately Apply for a Job!You may be desperate to get a job and searching thousands of online job postings. Do you know all postings are not real? These postings may be the traps to collect and misuse your personal information.
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Identity Thieves May File Bankruptcy in Your Name!You get restless even with the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter due to such theft is unbearable.
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How to Stop Those Aggressive Debt CollectorsYou get restless with even the idea that someone has accessed and misused your identity details. But the financial pain which may come thereafter due to such theft is unbearable.
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The Insurance for Identity Theft, is it Real?You get restless with even the idea that someone has accessed and misused your identity details. The financial pain which may come thereafter is unbearable. So you get tempted to buy an insurance cover.
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When There is a Fraud on Your Bank Account!You get restless and annoyed when you realize that someone has accessed and misused your bank account. The financial pain which comes thereafter is unbearable. But do you know what to do in case if you are victim of such fraud?
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Protect Your Child from a Probable Identity TheftYou get restless and annoyed when you realize that someone has accessed and misused your social security number. The financial pain which comes thereafter is unbearable. But have you thought about theft of your child?
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Protect Your Business by Protecting Identities of Your Employees and CustomersIf you are operating a business, you are entrusted with identity information of employees and customers. You are required to protect it by law. How to safeguard it?
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Fraud with Your Medical Identity is Most DevastatingYou get restless and annoyed when you realize that someone has accessed and misused your social security number. The financial pain which comes thereafter is unbearable. But have you thought about theft of your medical identity?
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Should You Apply for a New Social Security Number?You get restless and annoyed when you realize that someone has accessed and misused your social security number. The financial pain which comes thereafter is unbearable. You may think of applying for a new number.
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Identity Thieves May Claim Their 'share' from the DiseasedYou get restless and annoyed when you realize that someone has accessed and misused your personal details. The financial pain which comes thereafter is unbearable. But have you ever thought about the risk of identity theft for a diseased person?
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Will Contactless Payment Really Prevent Identity Theft?New technology of RDIF is promising much more convenience as well as security for credit card processing. How it works? How will it secure the identity details of credit card holders?
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Beware of Identity Thieves Attacking Your BusinessThere are many businesses which have not yet realized the security aspect of the information they are collecting from their customers as well as their employees. Do you own or operate a business? How much your business is exposed to such risks?
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With the Black Market of Stolen IDs Expanding, Are You Sure You Are Not One of the Victims?You get restless and annoyed when you realize that someone has accessed and misused your personal details. The financial pain which comes thereafter is unbearable. There are many thieves hacking details from retailers in big numbers.
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Precautions to Protect Your Identity While Enjoying VacationA superb vacation is everybody's dream. But identity thieves are lurking there with their traps. Before you go home, they may empty your entire financial world! How to protect your identity there? Well you can do it with simple precaustions.
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How to Pass the Test of an Ideal Password?You get restless and annoyed when you suspect that someone has accessed and misused your personal details. The financial pain which comes thereafter is unbearable. There are many thieves operating all over. How to avoid their traps?
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The Risks Associated with Your CardsYou get restless and annoyed when you suspect that someone has accessed and misused your cards. The financial pain which comes thereafter is unbearable. There are many thieves operating all over. How to avoid their traps?
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The Real Face of an Identity Thief on the InternetYou get restless and annoyed when you suspect that someone has accessed and misused your details. The financial pain which comes thereafter is unbearable. There are many identity thieves operating all over.
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A Small Neglect with Your Social Security Number May Wind Up Your Entire Life!You get restless and annoyed when you suspect that someone has accessed and misused your details. The financial pain which comes thereafter is unbearable. Your social security number may be stolen from many places. Are you aware of that?
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Places Where Identity Thieves Set Their TrapsEvery year, there are about 10 million people in U.S. who are victims of identity theft. You certainly don't want to be one of them. The identity thieves catch their prey from many places.
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Avoid Paying Your Restaurant Bills by Credit Cards!You get restless and annoyed when you suspect that someone has accessed and misused your details. The financial pain is unbearable. Identity theft is rampant with new RFID credit cards and it is necessary for you.
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Identity Thieves Catch Them All!It is natural for everyone to get restless and annoyed when you suspect that someone has accessed and misused your details. Identity thief is rampant and it is necessary for you to take extra precautions to protect yourself.
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How to Scan Your Credit Report for Malicious EntriesYou need a clean credit report for a lot of financial activities in your life. When you plan to apply for a mortgage or auto loan, you need it most. To keep it 'healthy' you should get a copy every year and scan it for mistakes or frauds.
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Protect Your Mailbox While You Are AwayWhen you are enjoying your holidays, you may be inadvertently providing a big opportunity to thieves to steal mail from your mailbox. How to protect your mail and prevent further mishaps?
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Social Networking Sites - an Easy Catch for Identity ThievesYou get restless and annoyed when you suspect that someone has accessed and misused your financial details. Social networking sites open doors for identity thieves to get into your financial details.
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Top Ten Tactics to Knock Out Identity ThievesYou get restless and annoyed when you suspect that someone has accessed and misused your financial details. To get protection and peace of mind, there are many easy tactics available. Chintamani Abhyankar discusses some of them in this article.
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Which One Can Shield Your Identity Better - Security Freeze or Fraud Alert?You get restless when you suspect that someone has accessed and misused your credit report. To get protection, there are two tools available to you - fraud alert and security freeze. Which one is better for you?
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Know the Consequences of Security Freeze Before Applying for ItYou get restless when you suspect that somebody has accessed and misused your credit report. To get protection, there is one strong tool available to you - security freeze. How should you use it?
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How the Mechanisms of a Security Freeze Work?You get restless when you suspect that somebody has accessed and misused your credit report. To get protection, there is one strong tool available to you - security freeze. How should you use it? Chintamani Abhyankar provides advice on its working.
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Is Security Freeze Most Appropriate Solution for Me?You get restless when you suspect that somebody has accessed and misused your credit report. To get protection, there is one strong tool available to you - security freeze. But you should use it with caution.
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How to Vacuum Your Credit Report Before Applying for a Big Loan?You need a clean credit report for a lot of financial activities in your life. When you plan to apply for a mortgage or auto loan, you need it most. You should do some homework before applying for your big loan.
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Family Tax Planning TipsYou need to protect your family from tax problems. There are some typical precautions and tips which will benefit you in the long run. Chintamani Abhyankar explains.
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The Common Tax Mistakes of Small BusinessesIf you are self employed, while doing your business you may inadvertently commit some tax mistakes. Though you may not realize their severity, they can prove very costly over a period of time. What are they?
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Signals that You Should Hire a Tax AttorneyPeople are normally reluctant to go to a tax lawyer. However there are some compelling circumstances in which you should not rely on your own judgment. What are they?
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What to Do If You Receive a Letter of Final Notice from the IRSWhen you are unable to pay your taxes and you continue to ignore the notices from IRS, they will send you a final notice. It's not advisable to waste time while responding on such notice. Chintamani Abhyankar explains.
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Pay the IRS in FullWhen IRS and does not agree on your income, there may be an additional tax liability. You may be tempted to go in for a dispute but if the amount is reasonable, it is better to pay it off and get peace of mind.
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Am I Expected to Pay Taxes on My Google Adsense Earnings?When you place Google ads on your website, they generate some income for you. Are you aware that you need to pay taxes on such income? IRS cannot leave you alone there. So what is your liability?
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What to Do About Lost Tax ReturnsYou should always keep a copy of the return which you submitted to IRS. However if you have lost or misplaced such copy, what to do? There is some simple solution provided by IRS. Chintamani Abhyankar explains.
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Email Scams Use IRS Deception to Lure TaxpayersMany of you must have received an e-mail for a number of times saying that you have underreported or underreported income. All these mails are fake. What is the reality? Chintamani Abhyankar scans these emails.
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Obvious Errors Take You to Heavy Tax PenaltiesKnowingly or otherwise, mistakes on your tax return are going to prove costlier for you. What are the seriousness about IRS penalties? How they're going to affect you? Chintamani Abhyankar explains.
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What Does it Take for My EBay Business to Be Acknowledged by the IRS?If you doing in a business on eBay, you may get noticed by IRS and it may be followed by a notice of tax audit. Is this business your hobby or your regular activity for earning money? Know well your tax liabilities from such business.
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Delete Quickly the Mails on Making Work Pay RefundOccasionally you receive an E mail appearing to be from IRS, informing you that you have a refund. To get it, you need to enter your details in the boxes provided in the attachment.
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The IRS Audit Principle Made SimpleThe idea of facing tax audit is scary. But the rationale behind calling particular taxpayers for audit is always misunderstood. How IRS 'selects' you? What is the possibility that you will be 'invited' for tax audit? Chintamani Abhyankar explains.
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401K Contributions Will Be Axed in 2010Your contributions towards 401(k) plans are likely to shrink in the year 2010. Why? Chintamani Abhyankar explains.
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Why Are Miscellaneous Tax Deductions?Taking advantage of all available deductions on your tax return is an ideal tax planning tip. Many times due to ignorance or negligence, you lose money. Always ensure that you pay only the exact amount of tax.
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Understate Your Income when Filing a Tax Return and Face the Music!Sometimes people get tempted to underreported income. There is a feeling that IRS may not find it out. However don't make such wrong assumptions. Chintamani Abhyankar analyses these misbelieves.
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The Internal Revenue Service is Getting Better at Finding PeopleStuck with a huge tax deficit, IRS is finding you resources to collect information on taxpayers who are dishonest. Well you may not be dishonest but may still be caught in the huge web IRS has spread recently. How? Chintamani Abhyankar explains.
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Look Out for State Tax AuditsAnyone will get nervous on receiving a notice of tax audit - may be from the IRS or from the state authorities. Have estate tax audit different from the IRS audit? Why should you be prepared for state tax audit during this period?
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The IRS Can Audit You Five Years in a RowIRS has announced that it will not audit any taxpayer for five consecutive years! Well it is a good announcement but are you getting something out of it? Chintamani Abhyankar explains.
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Don't Panic Over Tax NoticesTaxpayers are always nervous when they receive any communication from IRS. There resume it is a notice for tax audit. Then they start imagining about the consequences! Where there is no need to do that. Chintamani Abhyankar explains.
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Do You Have to Pay U.S. Taxes If You Are a Visa or Green Card Holder?What about the tax liability of green card holders? And what about the tax liability of non-immigrant visa holders? Are there any different taxation rules for them? What process they should follow? Chintamani Abhyankar explains in detail.
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Is the IRS Going to Send Me to Jail?IRS is well known for its harshness on taxpayers folder laboratory try to avoid their liability. However, what is the reality about putting you in jail in case of the mistake on your part in filing your taxes?
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Does Bankruptcy Spell Financial Failure?Bankruptcy is last major of anyone to avoid financial hardships. Many times bankruptcy is forced upon you may be due to factors beyond your control like huge medical bills. Is bankruptcy so bad?
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Don't Get Caught in Tax FraudsIRS is one of the topmost agencies which is feared the most. To take advantage of this, a lot of frauds carried out by thieves. Always keep away from these frauds. How to do it? Chintamani Abhyankar explains.
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LLC Tax DeductionsLimited liability company (LLC) has unique advantage of limiting the liability of its owners. Many people prefer to organize their business through LLC. However, some caution is required while handling the tax matters of LLC.
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You Should Know About Personal BankruptcyBankruptcy is a very painful process but if you decide to go for it, you should be well aware of the consequences, including the tax consequences. Which are the possible ones? Chintamani Abhyankar explains.
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Tax Tips for Same Sex CouplesIf you are gay or lesbian, you may be interested in finding out whether you can file your tax return jointly. Well there are different regulations for different states and you need to know the regulations well before your file your return.
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Correctly Determine Your Business ExpensesYou go on making a number of expenses in your business without judging their deductibility on your tax return. This may prove costly in IRS tax audits. Know more about the deductibility and save future headaches.
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Tax Breaks and the 2009 Recovery ActIn this period of economic recovery Congress has introduced a number of incentives in the 2009 Recovery Act. Since these incentives affect majority of taxpayers including self-employed people.
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The Self-Employment Tax IntricaciesAre you doing your own business? Then you have to pay self-employment taxes. If you're not aware of the tax planning strategies, you may end up paying huge amounts. Get educated and saving thousands! Chintamani Abhyankar explains.
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About Self-Employment TaxAre you doing your own business? Then you have to pay self-employment taxes. If you're not aware of the tax planning strategies, you may end up paying huge amounts. Get educated and saving thousands! Chintamani Abhyankar explains.
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Must You Pay Taxes on Your Retirement Account?You want to conserve your retirement money as much as possible. However sometimes due to ignorance you may not select appropriate retirement plan. Note risk your retirement savings in plans which you do not know much about.
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Do Not Overpay Your Taxes AgainWhen it comes to taxes, a lot of people are surprisingly ignorant about their legitimate deductions and credits. They just work for paying taxes for almost one-third in a year! Well you can avoid this.
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Buying a Tax Lien CertificateIn this period of economic downturn, a lot of people fail to pay taxes on their properties. Consequently they will be tax liens and you may get a chance to buy that property. But beware of the pitfalls.
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Your Retirement, Taxes, and the Pension LawThe Pension Protection Act makes a lot of changes which are good for protecting your retirement accounts. They affect your rollovers, your charitable donations out of retirement accounts and withdrawals for emergencies.
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How to Get Cash from Your 401KYou may require cash for emergencies and for that purpose you may rely on your 401K account. However you need to be careful with regard to the purpose for which you are withdrawing and the manner in which you are doing so.
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How to Save Your Heirs Money on Property TaxesThe question of for reassessment of property taxes upon the death of a person has become very complex. States like California have imposed very complicated regulations in this regard. How the save on heavily reassessed taxes?
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Property Taxes and VeteransThe burden for property taxes has become unbearable for many homeowners. If you are a veteran, your sources of income are limited and you looking out for some concessions in these taxes. Most other states offer relief on property taxes to veterans.
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Know Which Employee Taxes Are Your ResponsibilityWhen you start your own business, you are confronted with a number of tax obligations. Are you able to grasp them all? What responsibility do you have towards them? Chintamani Abhyankar raises an important point.
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Watch Out for Accountants' GimmicksIf you have straightforward income figures, you can perform the tax ritual yourself. There is no need of an expert to do that. In fact, many software programs are also at your service. There is no need of a CPA to do taxes for most of the taxpayers.
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About the Enhanced Residential Energy CreditCongress is making it attractive for homeowners to use unconventional sources of energy. Do not forget to claim the new tax credit 'REEP' for the use of solar power and wind power. Chintamani Abhyankar explains
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Information About the American Opportunity CreditManaging costs of higher education for your children is a tough task. But then IRS helps you in that effort by providing tax credits from time to time. The American opportunity tax credit is certainly a new and lucrative offer.
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Car Donation Centers and Your Charitable GivingIt's a good idea to donate your old vehicle to charity and claim a deduction on it on your tax return. However there are many difficulties involved in the process. How to tackle them?Chintamani Abhyankar explains.
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What to Do with Your Income Tax Rebate when You Don't Have a Bank AccountThe process of getting the refund is very easy when you have your bank account. But when you don't have one, problems start coming up. No need to worry, there are options available. Take the best and least expensive one Chintamani Abhyankar explains
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What is Penalty Abatement?You may make mistakes while preparing your tax return. You may even forget to file your return and then IRS will slap a number of penalties for your mistakes. Is there any way to reduce or abate these penalties?
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Make Sure to Get All of Your DeductionsThere are a number of deductions available to you every year while preparing your tax return. However do you utilize them all? Want to know more about it? Here are some handy tips by Chintamani Abhyankar.
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Lower Stress by Managing Your TaxesTax time is a taxing time for every American. However with some simple and easy to use techniques you can successfully manage your taxes. What are these basic tactics? Chintamani Abhyankar explains.
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Taxes and Your DebtWhen you are considering your financial situation in regard to controlling or minimizing your debt, strategies are often developed with little concern as to how they might affect your tax situation.
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Don't Forget Your End of Year Tax Savings OpportunitiesThe end of the year is almost here, so don't forget some of the great tax opportunities you had for 2009 and make sure you have taken advantage of them before it is too late.
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An Explanation of Real Estate Tax SalesIf you scratch the lucrative surface of property tax sales, you will find many attractive bargains. If you want to know a little amount secrets behind this attractive investment opportunity, here are some useful tips offered by Chintamani Abhyankar.
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Understanding Property TaxesIf you know how the property taxes are calculated and levied, you can save substantially. Want you know some internal secrets? Here are some valuable tips from Chintamani Abhyankar.
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Appeal Your Commercial Property TaxesTaxes on commercial property sometimes become unbearable. If you feel they are unreasonable, there are ways to fight in the form of appeals. How to go for an appeal? Chintamani Abhyankar explains.
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This Fine Print in Credit Card Agreement is a Sign of Danger!Credit cards are becoming essentials of life. That is why you should maintain them nicely. If you are unable to make payment of your dues in time, it will affect you in several ways. But now even if you miss out any other payment.
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Easy Ways to Trash Your Financial LifeCredit cards are becoming essentials of life. That is why you should maintain them nicely. If you are unable to make payment of your dues in time, it will affect you in several ways.
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Avoid Financial Strain with a Prepaid Credit CardCredit card companies go on offering attractive rewards and cash rebates on their cards. You try to chase them all the time. In the effort you may go deeper into debt. Are you careful about your finances?
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The Interesting Background of Credit CardsCredit card companies go on offering attractive rewards and cash rebates on their cards. You try to chase them all the time. Have you taken a moment thinking more on this plastic?
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Will the New Credit Card Law Help Me?The new law on credit cards is coming soon. How it will affect you as a cardholder? Will the terms of credit card issuers will softened and made more practical?
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The Pain of Losing Rewards on Your Credit CardCredit card companies go on offering attractive rewards and cash rebates on their cards. You try to chase them all the time. Are you careful about your points and miles? A small neglect will end your dream and put you in debt.
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Does IRS Want a 'share' in Your Cash Rewards?Credit card companies go on offering attractive rewards and cash rebates on their cards. You go on claiming them every year. Where do they stand on your tax return? Chintamani explains the present approach of IRS in this article.
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Is a Gas Rebate Credit Card a Good Deal?Many gasoline companies have started offering gas rebate cards. They are useful for keeping your gas bill and other car expenses in control. Chintamani Abhyankar tells you what to expect from such cards in this article.
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How to Enjoy a Better Vacation with Travel RewardsCredit card companies offer attractive travel reward programs to attract more customers. But then there is a fine print. All rewards look good, but what is best for you?
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Can I Find a Good Travel Rewards Credit Card?There's a wide range of travel rewards credit cards. Some of these cards represent a good value, if you travel frequently. There are some clear strategies to help win rewards with these travel bonus cards.
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Get the Most from Your Credit Card RewardsCredit card companies offer attractive reward programs to attract more customers. But then there is a fine print. All rewards look good, but what is best for you?
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Avoid Credit Card FreebiesCredit card companies offer attractive reward programs to attract more customers. But then there is a fine print. All rewards look good, but what is best for you? Which one suits your lifestyle?
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Are the Rewards My Credit Card Company is Offering Really Any Good?Credit card companies offer attractive reward programs to attract more customers. But then there is a fine print. All rewards look good, but what is best for you? Which one suits your lifestyle?
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How to Correct Fraudulent Charges to Your Credit CardThe idea shopping by flashing your credit card is very exciting. But when you receive the statement, you may get a shock. There may be charges which you are not even aware of.
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Mending Credit Card DisputesThe idea shopping by flashing your credit card is very exciting. But when you receive the statement, you may get a shock. There may be charges which you are not even aware of.
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Choosing the Best Credit Card for StudentsThe idea of getting a new credit card is very exciting, when you are a student. But credit card companies are not distributing them as promotion. They do it for more profit and more business.
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Students and Credit CardsThe idea of getting a new credit card is very exciting, when you are a student. But credit card companies are not distributing them as promotion. They do it for more profit and more business.
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Tips for Filling Out a Credit Card ApplicationThe idea of getting a new credit card is very exciting. But credit card companies are not distributing them as promotion. They want to confirm that their money is safe in your hands. So they make you fill up a detailed form.
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Are Pre-approved Credit Offers Any Good?When you get an offer from a credit card company, you are about to start a winning dance. But if you take that offer, you may realize later that there is nothing to celebrate. You are given just an ordinary card without any goodies.
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Worry-free Online ShoppingEveryone loves to shop online, but then there are dangers out there. You information may be captured and misused by thieves. One single purchase may cost you many times more! How to protect from such thieves?
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Should I Use a Virtual Credit Card when Making Online Purchases?Everyone likes to shop online, but then there are dangers out there. You information may be captured and misused by thieves. One single purchase may cost you many times more later! How to protect from such thieves?
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When Your Credit Report is Pulled by Unauthorized PeopleCredit report is the keyword in today's lifestyle. All financial decisions in your life are influenced by your credit report. This is not a public listing and it cannot be accessed by anyone without your permission.
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Caution! Your Credit Report is Available to Many PeopleCredit report is the keyword in today's lifestyle. All financial decisions in your life are influenced by your credit report. If you ignore this reality, you may suffer.
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How to Get Maximum Cash Out of Cash Back Rewards Credit CardCredit cards have become a part of life. It's a great feeling to have them in your wallet. And if they are offering cash for your spending, they are still sweeter.
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How Credit Card Companies Win the Balance Transfer Game?Credit cards have become a part of life. It's a great feeling to have them in your wallet. But if you continue spending recklessly, the burden of debt may become unbearable. Then there is one solution '" zero percent balance transfer.
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The Classic Traps of Balance Transfer Credit CardsCredit cards have become a part of life. It's a great feeling to have them in your wallet. But if you continue spending recklessly, the burden of debt may become unbearable. Then there is one solution '" zero percent balance transfer.
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Join Slowly the Craze of Zero Per Cent Balance TransferCredit cards have become a part of life. It's a great feeling to have them in your wallet. But if you continue spending recklessly, the burden of debt may become unbearable. Then there is one solution '" zero percent balance transfer.
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Important Tips to Transfer Your Credit Card Balance SuccessfullyCredit cards have become a part of life. It's a great feeling to have them in your wallet. But if you continue spending recklessly, the burden of debt may become unbearable. Then there is one solution '" zero percent balance transfer.
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How to Lose Benefits on a Balance Transfer Card?Credit cards have become a part of life. It's a great feeling to have them in your wallet. But if you continue spending recklessly, the burden of debt may become unbearable. Then there is one solution '" zero percent balance transfer.
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Do You Really Need to Sign at the Back of Your Credit Card?Credit cards have become a part of life. It's a great feeling to have them in your wallet. They come to you with lots of instructions. One of them is '" sign at the back of your card immediately on receipt.
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The Hidden Dangers in Applying for Instant Approval Credit CardsCredit cards have become a part of life. It's a great feeling to have them in your wallet. It gives you a feeling of financial power. Usually it takes a very long time to get a card since you apply. There is a quick option now.
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Is the Approval 'instant' on the Instant Approval Credit Cards?Credit cards have become a part of life. It's a great feeling to have them in your wallet. It gives you a feeling of financial power. Usually it takes a very long time to get it since you apply. There is a quick option now.
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The Aftermath of a Lost or Stolen Credit Card!Credit cards have become a part of life. It's a great feeling to have them in your wallet. It gives you a feeling of financial power. But when they are lost or stolen, they take away your peace of mind.
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How to Become a Freeloader on Your Credit CardCredit cards have become a part of life. However, with heavy rates of interest and fees, the total burden of debt becomes unbearable. Even the thoughts of the huge outstanding balances may scare you.
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Canceling Your Credit Card is Not Always Bad!You are happy to get a credit card on the basis of a lucrative offer. But then credit cards eventually fade out. Their service falls, their rewards are reduced and your available credit is curtailed. How to handle such humiliating situations?
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It is Better to Be an Authorized User Then a Joint Account Holder on Any Credit Card!You are happy to get a credit card when your name is included as an authorized user or a joint account holder. It's a good feeling to share something with your loved ones. But what is your exact status in such deal? If you are not particular about it.
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Beware of the Tricky and Slippery Path of Credit Card ArbitrageIf you are enjoying high credit score, many credit card companies will be happy to offer you their selective privileges. One of them is credit facility with 0% APR interest. Some may consider it a good opportunity to make some quick buck.
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How Credit Card Arbitrage WorksIf you are enjoying good credit score, many credit card companies will rush to offer you their selective privileges. One of them is credit facility with 0% APR interest. This is a good opportunity to make some quick buck.
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Will the Debt Avalanche Method Get Your Debt Down from the Mountain?Loans have become a part of life. However, with heavy rates of interest, the total burden of debt becomes unbearable. Even the thoughts of the huge outstanding balances may scare you. But you can clear these balances if you have a strong willpower.
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Will Debt Avalanche Method Lead to a Landslide Victory for You?Loans have become a part of life. However, with heavy rates of interest, the total debt becomes unbearable. Even the thoughts of these huge outstanding balances may scare you. But you can clear these balances if you have a strong willpower.
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Avoid Unfair Property TaxesEvery property owner is looking out for some relief in property taxes. And in the falling property market the tax pinch is more. Want to know some ways to reduce them? Here are some handy once suggested by Chintamani Abhyankar.
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Outlandish Tax DeductionsTaxpayers search all their records to claim expenses on tax return. Sometimes even weird looking expenses and other allowed as legitimate deduction for some taxpayers. Want to know the funniest? Here is the list presented by Chintamani Abhyankar.
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Categories of Property Tax ReliefEvery property owner is looking out for some relief in property taxes. Reliefs are available to many categories of property owners - first time home buyers, and even the low income taxpayers. What are these reliefs? Chintamani Abhyankar explains.
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Categories of Property Tax ReliefEvery property owner is looking out for some relief in property taxes. Reliefs are available to many categories of property owners - first time home buyers, and even the low income taxpayers. What are these reliefs? Chintamani Abhyankar explains.
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Real Estate Taxes and Acquiring Tax Lien PropertiesWhen you own a property, you need to pay taxes on it. These taxes are always deductible if on your tax return. If any property is for sale with a lot of back taxes on if.What is the secret behind? Chintamani Abhyankar explains.
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Property Taxes Affect Real Estate ValueWhen you make improvements in your property, you have the fear that it will lead to an immediate increase in property taxes. However, this is not true. Chintamani Abhyankar provides useful advice.
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Be Careful of Property TaxesHomeowners are still required to pay a higher amount of property taxes even though the property prices have gone down considerably. White it is so? How to cope up with this situation? Chintamani Abhyankar gives useful tips.
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Advertising and TaxesIf you are self employed, you need to make huge effort to promote your business. Spending on advertising goes on but claiming it on your tax return is a difficult task.Chintamani Abhyankar gives useful tips.
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What to Do About IRS PenaltiesIRS is very particular about its dues. With the slightest default, it can slap heavy penalties. Never get upset on receiving notice from IRS. There are ways to deal with the unreasonable penalties imposed by IRS. Chintamani Abhyankar explains.
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There Are No Property Taxes in TexasThe homeowners in Texas should be aware of the process by which property taxes are imposed on them. Know the system well and you will have no problem in handling these taxes. Chintamani Abhyankar explains.
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There Are No Property Taxes in TexasThe homeowners in Texas should be aware of the process by which property taxes are imposed on them. Know the system well and you will have no problem in handling these taxes. Chintamani Abhyankar explains.
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About Real Estate Closing CostsWhen you are at the last stage of buying a property, you need to pay a lot of unexpected expenses in the form of closing costs. Are all of these expenses tax deductible? How to account for such expenses? Chintamani Abhyankar writes useful tips.
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About Mortgage PointsWhen you apply for a mortgage, you are obviously looking out for lower rate of interest. One of the tricks to lower the rate of interest is to buy mortgage points. IRS allows the deduction on money spent to buy points of.
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Children Filing TaxesWhen your child starts acting in movies, you need to pay taxes on his income. This is an unexpected responsibility and you desperately look out for good tips. Here are some useful ones offered by Chintamani Abhyankar.
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Filing IRS Tax FormsWhenever you need to submit any information to IRS, you should use a specific form prescribed for that purpose. How do get the correct form? How to avoid confusions? Chintamani Abhyankar provides useful advice.
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Be a Wise Real Estate Investor and Make a 1031 ExchangeWhen you sell your property, the capital gains tax is a major liability. However by making a 1031 exchange, you can defer this liability. What precautions should you take before making this smart move? Chintamani Abhyankar provides useful advice.
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Tax Advantages of an LLCWhen you start your own business, you are looking for a tax effective form of business entity. LLC is a very convenient vehicle to achieve your objectives. There are many tax benefits which you can claim under LLC, Chintamani Abhyankar explains.
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Filing IRS Innocent Spouse ReliefIf you are going to receive Innocent Spouse Tax Relief, you must be sure your filing is done absolutely in compliance to Internal Revenue Service requirements. If your request is turned down.
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The Capital Gains Loopholes Are Beginning to ShrinkSooner or later, every American is bound to deal in real estate. There comes the question of capital gains tax. The Congress is determined to plug the loopholes in this area. How is it going to affect you? Chintamani Abhyankar explains.
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How Marriage and Divorce Affect Your TaxesMarriage and divorce - these are too personal things. But IRS does not think so! Your responsibilities to pay taxes change a lot after these two events. How are you affected because of these two? Chintamani Abhyankar explains.
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Hiring a Tax Professional Versus Using SoftwarePeople are used to take the help of tax preparation consultants while preparing their tax return. But a cheaper and stronger alternative in the form of tax software has come up.Chintamani Abhyankar discusses precautions making a choice.
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Property Tax Relief to AllIn this period of economic downturn, you should be aware of every possible and legal method to reduce your taxes. What about reducing property taxes? Where there are a number of reliefs available. Are you aware of them? Chintamani Abhyankar explains.
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Tips on Applying for a Tax ExtensionWhen the final date of filing tax return comes closer, most of the people tend to postpone it. Applying for an extension is a very attractive proposition on its face. Why? Chintamani Abhyankar explains.
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Why You Have to Pay the AMTThe alternative minimum tax affects most of the taxpayers. What are its consequences on your tax liability? Chintamani Abhyankar provides useful tips.
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Avoiding the Alternative Minimum TaxThe alternative minimum tax affects most of the taxpayers. It tries to catch people who are trying to escape the tax obligations under various tactics. But then you can produce the effect of AMT with some effective strategies.
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Ways to Reduce Your Alternative Minimum Tax LiabilityThe alternative minimum tax affects most of the taxpayers. It tries to catch people who are trying to escape the tax obligations under various tactics. Do you know some of them? Chintamani Abhyankar provides useful tips.
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Have You Noticed Changes in the Tax Laws for 2009?The tax laws have been changed for 2009. Your tax liability is going to be affected due to these changes. It's important to know these changes. Chintamani Abhyankar explains with practical examples.
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Your Income is Never Too High for Maximum Tax BenefitsWhen your income crosses normal limits, you enter into the high income area. That means you need to pay more taxes. But don't worry; there are some legal worries to reduce your tax burden. Read this useful discussion from Chintamani Abhyankar.
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Creating and Managing an Educational Savings AccountYou can secure the future of your children by providing finances for their college education. If you go on building educational savings account.Here are some steps to build it systematically provided by Chintamani Abhyankar.
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Know Everything About the 1031 Real Estate ExchangeWhen you sell your property the liability of capital gains is a big issue. There are some ways available to defer this liability. 1031 Real Estate Exchange is a very useful method.Chintamani Abhyankar discusses precautions while using this tool.
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Preserve Your Wealth by Drawing Retirement Money from Taxable Accounts FirstWithdrawing money from your retirement accounts is a very tricky decision. Before making any such withdrawal, you should be aware of the tax consequences. Here is a useful discussion on the subject by an expert on the subject - Chintamani Abhyankar.
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Knowing the Limitations of Itemized DeductionsIt's harder to make a choice between standard deduction and itemized deductions. You may be fascinated by the idea of claiming many of your expenses through itemized deductions method.Read carefully this analysis made by Chintamani Abhyankar.
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The Tax Advantages of Having Rental PropertiesInvestment in properties is preferred by people as the method of earning passive income. However absence of appropriate tax planning will result in overpayment of taxes and penalties. Here is some useful advice provided by Chintamani Abhyankar.
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Common IRA Distribution MistakesContributing to your IRA is a lifetime task. However taking money out of it doesn't require much time. But remember. Here are some obvious mistakes and advice on how to avoid them, provided by Chintamani Abhyankar.
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Filing for S-Corporation DesignationWhen you plan to start your own business, the decision on whether to go for s-corporation or c-corporations is very important one. If you miss out that decision in the first few months.Chintamani Abhyankar explains.
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Ways to Lower Your Property TaxesIn this economic downturn, the burden of taxes on your property is becoming unbearable. Are you desperately looking out for some practical tips to reduce taxes on your property? Here is some useful advice offered by Chintamani Abhyankar.
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Landlords, Be Smart Tax-wise!Rental Properties provide a very useful way have to manage your taxes and increase your income. But when you look out for some practical tips, you can't find them. Here are some useful ones and discussed by Chintamani Abhyankar.
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Smart Tax Planning for S-CorporationsEveryone speaks about effective tax strategies through s-corporation. However where is the advice about their real implementation? Here is some useful advice by Chintamani Abhyankar.
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How S-Corporation Taxes WorkManaging your business through s-corporation is a very convenient method. There are a lot of tax concessions are available and you can claim many of your personal expenses through this cooperation. Here are some of them offered by Chintamani Abhyankar.


