Lending Money to Relatives or Friends
Have you ever loaned money to relatives or friends? I have and some pay you back right away and some it is like pulling teeth and some you may never see. I know my self it does make me feel good when I can help someone out who is in a tough bind. But I also trust others that when they tell me they will pay me back that they will. It doesn’t always work out, like the old saying goes something like “A loan to a relative or friend needs to be thought of as a gift”, how true. I quess it is a bonus if you get paid back. I know if I borrow $5 from someone I can’t wait to pay them back. Here is something I read today;
Tax Basics you should know
In less than a week the year is over and it is time to start putting together our tax returns. It is time to get in the mail all of our documents needed to put together our taxes. I always make out a reminder list of what documents I should be getting. For instance, I list W-2’s from each company, 1099 from another business, Mortgage statements and more. Then when each comes in, I check them off. I keep track of all my home and business expenses each month so it is a lot easier at tax time. like I have said before it is better to hire someone to do your taxes for you. But here are some basics to know;
