Smart Tips For Filing Your Tax Return

The tax deadline is fast approaching and many people who have never done their own taxes before are nervous when they file their first return. According to the IRS, 25% of all taxpayers wait until the last two weeks before the deadline to prepare their tax returns. If you fit into this category, check out these helpful tips to help you get the job done right.

Get Organized
-Use a tax preparation checklist to make sure you have everything you need for filing.
-Have your forms, receipts and other documents close by for easy access
-Be aware of your filing deadlines
-If you’ve filed before, have last year’s return ready for reference

Remember, knowledge is power
The tax process can be intimidating for anyone, especially the first time preparer. Did you know that the average American scores only about 50% on personal finance questions relating to income tax returns? It will be important for you to research your tax options, school yourself and understand what items are deductible and could bring you a higher return. Don’t short-change yourself by rushing through your due diligence. There are programs available that can help. For example, The Volunteer Income Tax Assistance (VITA), offers free tax assistance to those individuals making $54,000 or less that need help preparing their own returns.

Choose the correct IRS forms
The simplest form is 1040EZ. Individuals whose income is below $100,000 use this form.

Choose your software or tax preparer
Tax preparation software is popular with the do-it-yourselfers. You can find a multitude of cloud or computer based preparation options. If you need the help of a professional tax preparer, it is important to find a reputable choice. Talk to friends, colleagues or someone you know who has experience with tax preparation. Make sure you ask about their fees and most importantly get their preparer tax identification number.

Decide how you will file your return
There are two options available related to sending your completed tax returns. The first is to file electronically through an authorized IRS E-file provider. The other is to download the required forms, fill them out, sign and send them in by mail. If you are expecting a refund, the E-file will definitely assure you get your money faster.

Take security measures
Be cautious when filing your taxes. Make sure you are working on a secured network. Be sure to steer away from using public Wi-Fi and remember to have a unique, strong password for any tax related accounts.

Make a plan for your tax refund before you receive it
If you are one of the lucky taxpayers that will be expecting a refund, you need to have a plan for your money. Before you go out and spend your refund, remember that the IRS isn’t sending you a gratuity check. It’s money that should have been yours all along. So make sure you give your pending refund a special purpose.

An excess of 50% of Americans have no savings to speak of. So, the best time to start saving is your tax refund. This could help you make a big financial step in the right direction. How about putting your refund toward bill consolidation or other savings goals. You could also consider investing your money in CDs, bonds or in real estate. Whatever you decide, make the most of the money you will be receiving.

Time Is Non-Existent in Reality But Is Man’s Invention for Taxes and Slavery

The mind cannot perceive a world without time. Likewise, it cannot consider the concept of ‘always’. Something must have a starting point and ending for our convenience of reality. But our thinking is wrong and so too is the relationship we have with the Spirit of the Universe, the one and only God. This is the norm as shown to me by my reincarnation and journey from life to life.

My death was sudden and amazing. Nothing of it is recalled except when my ‘being’ floated above the body, that of a 45 years old man. Then in total darkness, completely black, and with the Spirit the feeling was absolute euphoria. There was nothing to see and no one to meet. There was no tunnel, music, light, or magic.

A vision was given of my next life ahead and that at 45 years (the age of my death) something extraordinary would happen to make sense of it. Floating then above my new parents as they were married (a date well recorded) my birth occurred a month later.

Only in man’s world of false reality is time important. Beyond death there is no time, no sense of haste or tardiness, and certainly no devils, angels, saints, or heavenly kingdom. This is completely opposite to the general consensus of opinion. So why is that so?

The things spoken of here are known by all members of humanity and yet they push it aside to adopt the awful brain-induced stories of false concepts and powerful leaders. Logic is destroyed so that regimental control over the masses is secured. It is, therefore, governed by the economic system, and politics.

The topic here, however, is about time and why it is non-existent in God’s reality? When one is divorced from the need to be governed by it then it almost ceases to exist. If one were to leave society and live off the land in a jungle somewhere there is no week, no morning or afternoon, and no sense of rising and sleeping to the tune of a clock.

The body enforces its needs through hunger and tiredness. So when and why did time take effect? It could only have been because of kings and regimentation of their subjects.

One of the great learning stories from white settlers in Australia is that the native people had no concept of time. In their world they had no counting system and seasons were something they knew only by when trees flowered and animals became more plentiful.

This points to another fact about why people in the Western nations were hooked onto it. Sedentary life, as in the so-called ‘civilised’ world, produced systems of exchange that took a turn from the norm. In the growing cities of the Near-East the people invented writing and records of goods were kept. Kings demanded portions of crops and so on for wealth.

With this new method of commerce money soon followed and then taxation and so on. Time became the most useful commodity when industry developed and people were employed rather than enslaved. They were now servants of time and gradually this has overtaken the world.

Called by the Spirit, at the age of 45 years, into a learning phase the things that have come to light are astounding. The deception by which the Establishment is run and the lies and deceit of its power have all but wiped out the need for a Divine influence. Religions and institutions are governed by the greed they deceitfully claim to oppose.

Time is their greatest weapon and working for their lives rather than being dependent on the Spirit is now the entrenched system universally. From the time of the Romans we have seen the world in a steady decline and now it is on the brink of destruction.

“And for this cause God shall send them strong delusion that they should believe a lie: That they all might be damned who believed not the truth, but had pleasure in unrighteousness.” II Thessalonians 2:11,12

The depth of the lie starts with time and institutions that created fake gods and who support the creation of wealth and power for their own preservation. Time is the product of that deception and in the reality of the Universal Spirit it is non-existent.

What Is The Difference Between Investment Management And Wealth Management?

Investment management and wealth management – it is easy to be confused by these terms, especially since they are often misrepresented. What do they really mean, what are the key differences, and which might be best for you?

What is wealth management?

Wealth management looks at an individual’s finances as a whole and how they can be managed to achieve their long-term financial and personal goals. In addition to handling clients’ investments, wealth management encompasses a wide set of services, such as legal planning, insurance, accounting, and financial, charitable giving, and tax advice.

There are higher minimum asset thresholds, and one can expect to pay higher fees for the more comprehensive service. Although a good manager could justify this through the savings their service provides.

Advantages of wealth management

As wealth managers offer many of the services of an investment manager, their clients gain the same benefits. However, the additional services on offer mean that wealth management can provide further advantages.

Coherent Strategy

As wealth management looks at all aspects of clients’ financial affairs, it aims to provide a custom-made strategy to realise their objectives. For example, by combining different services, a wealth manager can find the best path to paying off a mortgage or planning for retirement, whilst avoiding tax inefficiencies or undue risk.

This holistic approach attempts to understand and predict how different areas of an individual’s finances interact and organise them appropriately.

Simplicity

A wealth manager can provide a single focal point for all financial matters. Rather than having a wide assortment of advisors, a wealth manager may replace the need for a separate financial planner or investment manager, for example.

Their breadth of knowledge also means that they can act as a guide for those less familiar with the practices and technical language that often surrounds financial services.

What is investment management?

The primary role of the investment manager is to advise on, organise and grow clients’ investments.

After discussing a client’s financial goals and acceptable risk levels, an investment manager assembles a portfolio of investments appropriate to their requirements. They then will keep clients updated on the state of their portfolio, offering recommendations and implementing changes.

Advantages of investment management

Investment management services sometimes require a minimum investment and come with a fee – generally a small percentage of the assets under management. However, they can offer numerous benefits.

Reduced Risk

With an investment manager constructing a diverse portfolio, assets are less vulnerable to fluctuations in individual investments. With hundreds of smaller investments likely spread across different industries and asset classes, if one performs poorly, others are likely to compensate.

Convenience

If the client desires, they can acquire a wide range of investments with the minimum effort, making it ideal for time-poor individuals. As the paperwork and day-to-day running is taken care of, much of the stress of investing is removed.

Higher Returns

One of the biggest advantage is that you can gain the knowledge of the professionals. The best investment managers often have a wealth of experience and worldwide networks which can help them spot the best opportunities and reach better results.

Investment managers also have abilities that most individual investors do not. For example, they can increase their buying strength by pooling together several clients’ assets, with each benefiting from the greater yields.

Which is best for you?

Which service is most suitable will largely depend on your net worth and the type of assistance you require. Whilst a wealth manager offers more services than an investment manager, it is generally only available, or necessary, for the most affluent clients, with the wealthiest even receiving fee discounts.

Therefore, if you simply wish to see your investments grow, without the difficulty and risk of handling it yourself, gaining the services of an experienced investment manager could prove fruitful. However, for those with a higher net worth and a complex financial situation, the comprehensive methods of wealth management may be the best solution.