Showing posts with label account. Show all posts
Showing posts with label account. Show all posts

Will owning Bitcoin disqualify you from receiving government benefits?

Some years back I wrote an article about Crowdfunding, and how funds raised can count towards your gross income.

"Crowdfunding sites generally use a payment processor like PayPal to handle the donations, and PayPal is responsible for reporting information to the IRS on payments of $20,000 or more made up of 200 or more transactions, which creates a 1099-K form. If you earn other income through PayPal, perhaps from an online business, that income could be combined with your crowdfunded money to create a bit of a financial mess.

Why we wait to get our finances in order


Personal Money Planning has taken up a group virtual challenge. The task consists of running (or walking) a total of 1083 miles, which is the distance across the United Kingdom. As a team, we total our activities to accumulate the 1783km distance. Since Gary is really into running, and logs about 4,000 miles per day (well, not quite, but almost), he is pulling the rest of us along well. However, the competitive nature in me could not allow him to take full credit for getting us from Lands End to John O'Groats. Each day I have been logging a few miles myself. I’m just as determined to claim my medal as he is- 

The other morning, I was approaching my third mile when the temperature began to quickly rise. Since I was at the opposite end of my starting point, I had no other option but to continue my trek. As I was rounding the corner, a lady in a dark SUV drove by, looked at my red, sweaty face, and gave me an encouraging thumbs up. That doesn’t seem like much, but it gave me the enthusiasm I needed to make it the rest of the way.

Why is it that we often ignore or avoid the things we know are good for us, take for instance, exercising? 

Spring cleaning your financial records


If you’re anything like me, spring cleaning is a welcome annual occurrence. Getting everything cleaned and organized gives me a sense of refresh and order. However, others may see this as more of a necessary evil. Regardless of your outlook on such tasks, when it comes to your financial documents, neglecting your annual financial “cleaning” could cost you more than a few extra dust bunnies.