My CFO on the Go!

I would like to welcome Blogvertise to our list of sponsors.  Blogvertise helps website owners build Buzz for their site, while increasing traffic and building links.  There are three types of advertising available through Blogvertise.  Blog Entries, Homepage text links, and Homepage banners.  You can choose which blogs you advertise on, or you can let the Blogvertise staff choose for you.  Blogvertise is an easy and cost-effective way to advertise your website.

My CFO will be offering sponsored Blog Entries through Blogvertise   For bloggers, Blogvertise offers a way to make money without having to sacrifice your integrity.  When you write a sponsored post you are not required to endorse the product. All that is required is a minimum word count and at least 3 links.  You can write a product review or relate it to another event in your life.

If you are interested in having Kathleen do a sponsored review, please click on the Blogvertise button in the sidebar.

I’ve just recently become involved with Entrecard. Entrecard is a networking site for bloggers that involves “dropping” your card on websites and having cards dropped on yours. Sort of like the calling cards of old. I have found Entrecard to be a great marketing tool and it has already brought tons of traffic to my site.

Thanks to Entrecard I have also found plenty of interesting sites that I might never have found otherwise! I’ll be featuring some of them in another post, in my newly added Off-topic category!

Now on to taxes. At Entrecard you earn “credits” (some are now calling them entrecredits) by dropping your card on sites, and by selling ads on your site. You can then use those credits to buy ads on other sites. Simple enough so far. But a whole economy is springing up where people are buying and selling other goods and services using entrecredits. Today people are selling advertising, web consulting, and even cookie recipes using entrecredits. That brings up an interesting question, are these taxable events? Do the sellers need to report taxable income when all they have received are entrecredits? The answer is a surprising probably! Read more… »

Your federal tax filing status is based on your marital and family situation. It is an important factor in determining whether you must file a return, your standard deduction and your correct amount of tax.

Your marital status on the last day of the year determines your status for the entire year. If more than one filing status applies to you, you may choose the one that gives you the lowest tax obligation.
 
There are five filing status options:

1. Single. Generally, if you are unmarried, divorced or legally separated according to your state law, your filing status is Single.

2. Married Filing Jointly.  If you are married, you and your spouse may file a joint return. If your spouse died during the year and you did not remarry, you may still file a joint return with that spouse for the year of death.

3. Married Filing Separately.  Married taxpayers may elect to file separate returns.

4. Head of Household.  You generally must be unmarried and you must have paid more than half the cost of maintaining a home for you and a qualifying person.

5. Qualifying Widow(er) with Dependent Child. If your spouse died during 2005 or 2006, you have a qualifying child and meet certain other conditions; you may be able to choose this filing status.

For more information about filing status see publication 501, Exemptions, Standard Deduction, and Filing Information available on the IRS website at IRS.gov or by calling 800-TAXFORM (800-829-3676).

Remember that for the genuine IRS Web site be sure to use .gov.  Don’t be confused by internet sites that end in .com, .net, .org or other designations instead of .gov. The address of the official IRS governmental Web site is www.irs.gov.

Blogger shares his past mistakes about investing in the stock market
and discusses what went wrong.

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Many entrepreneurs believe a bunch of myths about entrepreneurship, so here are ten of the most common and the realities that bust them…

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