Cindy Frailing
Cindy Frailing
brought education forget gathered inevitably maybe prepared property tax taxes time tuition using wrong
If you are using a professional to have your taxes prepared and something comes up in the interviewing process, you'll need time to go back and find that information. Inevitably you forget something. Maybe you brought the wrong property tax bill, or didn't get tuition for your children's education all gathered today.
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It can be quite profitable. It all depends on how much you own, how much rent you charge and where it's located.
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Even if you have that money stored in a regular bank account, you are going to be earning 1 percent or 2 percent interest on it. If it's a relatively substantial amount of money, you could earn a lot. But any amount of interest you could earn is better than none.
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There are a fair number of people that claim zero withholdings. That's their method of savings and at the end of the year they get a $2,000 check from the IRS. They should've put $20 a week away in their 401(k) retirement plan.