Chapter Titles for the upcoming book, Practical Money Making – Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement.

TABLE OF CONTENTS:
INTRODUCTION 
WHAT IS YOUR FINANCIAL GOAL? 
NO JOB 
YOUR DAY JOB 
YOUR 2ND JOB 
MY COMIC BOOK DELIVERY BUSINESS 
NON-PROFIT JOBS 
DON’T TAKE ON A JOB WHERE YOU SELL SOMETHING THAT YOU LOVE TO COLLECT 
I HAVE NO MONEY AND I NEED TO DO SOMETHING PART TIME 
MAKE MONEY DOING THINGS THAT PEOPLE HATE TO DO 
THINGS YOU SHOULD CONSIDER WHEN PICKING A BUSINESS 
DEVELOPING PASSIVE INCOME STREAMS 
THINK FOR THE FUTURE 
NEST EGGS 
PAY OFF DEBTS FASTER 
LONG TERM INVESTMENTS 
ACCOUNT FOR TAXES 
WORK AT HOME OR WORK AWAY FROM HOME AND SOME TAXING QUESTIONS 
REVIVING OUR DEAD SERVICE ECONOMY 
DO WHAT YOU LOVE, BUT DON’T LET IT DESTROY YOU FINANCIALLY 
RETIREMENT 
MONEY IS TIGHT AND IT IS ABOUT TO GET TIGHTER 
THREE AWESOME CLOSING BITS OF ADVICE 
 
If you, my readers, have any questions, please let me know.  The book should be out in stores and available on the internet in about a month.  The isbn number is 978-60622-001-6, and the suggested retail price in the United States will be $14.95.

Also, I am taking requests for what my next non-fiction book should be.  Let me know what you want to see.  In the front running is now a book on Special Needs.  It will be more of a general book than my Rett Syndrome book and will focus on financial issues as well as social, physical, mental and spiritual things.

Let me know your thoughts.  Be well, safe and profitable!

Kim Greenblatt

You are reading, Kim Greenblatt’s blog, profitable, and learning about his upcoming book, Practical Money Making,  soon to available everywhere!

“What should I do?” she asked.

“Taxpayers may qualify for one of several exclusions that allow them to reduce taxable income from canceled debts.” I said. ” If the exclusions apply, they must file an IRS form 982 in addition to the 1099-C. The exclusions include debts discharged during bankruptcy and debts of consumers who are insolvent (meaning their liabilities exceed their assets) prior to the cancellation of the debt. However, the exclusion applies only up to the amount by which consumers are insolvent.”

“What does that mean?”

“It means in your case that you don’t have to worry because you had $3,000 in debts that were forgiven and liabilities exceeded assets by $1,800, then the $1,800 would be excluded as income. “The remaining $1,200 would be reported under other income.”

When everything settled for that particular year after reviewing everything she presented to me, she ended up getting a refund.

“I’m seeing a therapist, Kim.” she said looking at me really really intently. “Do you think I should continue it?”

“If you feel you are getting value from it, sure.”

When she left that year she said, “I am going to keep my eye on you, Kim.”

Yikes. Tax preparer stalkers! “Thanks!”

She came back in better financial shape having listened to me over the next few years and is in a happy relationship.

The moral of this story? There is no moral, just keep me away from people who get extra creepy and say they want to keep an eye on me. Well, that, and it pays to be current in your tax knowledge.

Getting forgiveness for credit card debt is great but remember that it will be reported as income from the credit card company so you should review with a tax professional what exactly your tax liability (if any) might be at tax time. Try to do it early so you can have money to pay for the taxes if you owe or so you can gleefully anticipate a refund.

And make sure that you don’t tell your tax pro that you are going to stalk him or her!

Part of all my book proceeds go to research finding a cure for Rett Syndrom and reversal of symptoms.

Kim Greenblatt

Questions or comments? Let me know about them! Thanks for taking the time to visit and for more information or to get back to the beginning of the blog, go here.

You are reading from Kim Greenblatt’s blog, profitable on tax preparation, credit card debt, and people who say they are watching you!