Money-Saving Tips for Renters

Although you may be renting instead of buying, there are ways you can save money around the house. As a home owner, you are always on the lookout for a method of spending less so you can use the savings for other things that are important to you. Renting is no different. The less you have to spend on household expenses, the more money you’ll have in your pocket. Following are a few money-saving tips for renters.

How to Refinance Your Auto Loan

It is easy to get in over you head when you borrow money to buy the car. You may have spent too much, or perhaps you just got a high interest loan. In any case, there are ways to lower your monthly loan payments. Following are a few tips on how to refinance your auto loan.

Start Early

If you’ve been thinking about refinancing, don’t put it off. Most auto loans require you to pay off most of the interest before the principal is reduced by much. For the first few years you’re basically paying off interest without lowering the actual amount you borrowed. So it won’t really do much good to refinance late into the loan, because by then you’re paying off the principal. Instead you should start early in the loan so you eat into the interest. Another thing to consider is that most finance companies won’t let you renegotiate a loan that is less than a certain amount of money. Check with your lender for details.

Best Ways to Handle IRS Tax Problems

When you discover you have tax problems with your IRS taxes, the natural instinct many people have is to avoid the problem. For those people this means avoidance of filing those taxes because they believe (or hope) those taxes will just go away. Of course, most people realize that isn't going to happen, but they also lack the knowledge concerning their options for eliminating the problem other than working out a monthly payment arrangements with the IRS. If they are unable to afford those payments this possibility isn't even an option.

Choosing the Right Option for Your Tax Problems

Learning you have tax problems can create a great deal of stress and frustration if you don't your options. For most people the problem is the result of an underpayment of payroll taxes; most people don't discover this until they go to file their IRS taxes for the next year, and by then it is too late to do anything about it for that tax year. It may be the result of an error on the part of the employer, having a second job or claiming too many deductions during the year. Whatever the reason may be, the ensuring tax problems that result necessitate the guidance of someone experienced in tax law such as a tax accountant or a tax lawyer. The sooner you face the problem and begin working on a solution, the sooner you can relax and stop allowing it to consume your every waking moment.

The Process of Negotiating a Tax Settlement

When you owe a substantial amount of taxes to the IRS you need to work with them to resolve the issue. There are several options open to you, but the one that is best for you depends how much money is involved and your ability to repay the entire balance. In many cases the IRS is open to allowing the taxpayer to make a payment arrangement, but those who are not in a financial position to make substantial monthly payments to reduce the balance of taxes owed in a reasonable period of time may want to talk to the IRS, tax lawyer or third party mediator about negotiating a tax settlement.