Should I Sell My Baseball Card Collection?

I get asked all the time by clients for a little life advice about whether or not to sell their prized collection. Let’s face it; most of us have some type of collection we’ve owned for years sitting somewhere in an attic or closest likely to be collected dust at this point. What’s even worse is the delusional vision of grandeur most of us have worked up over the years that we’ll have some time of Powerball moment when we unload our collection down the road. Or maybe you have this illuminating vision in your head about how appreciative your son or daughter will be someday when they carry on the legacy of the bottle cap collection you have worked so vigorously on collecting over the years. Like it or not we all get attached to our collections as it is part of our human nature. I started collecting baseball cards at a young age so I can comment most ...

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Consequences of Unfiled Taxes and What to Do Now

Despite common belief, filing unfiled tax returns regardless of how many years have passed is not as scary as it may sound. Do not be deterred from doing so even if you do not currently have the funds to pay for the taxes. In fact, not filing your taxes at all can often have greater penalties and be more detrimental to your financial situation than being unable to pay. Ultimately, the faster you file your taxes the better. In this case the phrase, ‘better now than never,’ could not reign more true. Penalties for Unfiled Tax Returns While many people avoid filing their tax returns because they are unable to fulfill the payments, the penalties and added fees are far worse for not filing at all versus being unable to pay. In best case scenarios, you may even be due a refund without realizing. Keep in mind, the IRS will no longer honor this after a certain period of time. ...

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