Looking for a reason for put off until October 15 what you can do on April 15? Do you need some encouragement to join America’s largest group of procrastinators? Then read on to discover five good reasons to join millions of other loyal American taxpayers who legally file their tax return late, without any late filing penalties and without being harassed by the IRS.

Reason 1: It’s free. It won’t cost you a dime to file Form 4868. Well, it’s almost free. If you file Form 4868 by snail-mail, it will cost you a whopping 42 cents.

Reason 2: It’s automatic. You don’t have to have a good reason, a bad reason, or any reason at all. Just send in the form and that’s all there is to it. No need to come up with some lame excuse like “My dog ate my W-2.”

Reason 3: It’s relaxing. Remember how you’ve spent April 14 or April 15 in previous years? It’s way past your bedtime, coffee pot still brewing, an opened bottle of Tylenol on top of your calculator, papers strewn all over your desk, receipts everywhere. Is this anyway to prepare your tax return? Of course not. Do you really need another source of stress in your life? File the extension and now imagine what you’ll be doing on April 15 while thousands of frantic taxpayers are stuck in traffic at their local post office; instead, you’ll be working in your garden or reading a good book, because you’ve got all summer to finish your return.

Reason 4: It’s easy. As tax forms go, this is one of the easiest tax forms to complete. You put in your name, address and social security number – and you are already halfway done! Only four more lines to go: an estimate of your 2008 tax liability, the total amount of 2008 tax payments (from W-2 or 1099 withholdings and/or quarterly estimated tax payments), any balance due, and the amount you are paying with the form. A tax form can’t be any easier than that.

Reason 5: It’s fast. You can use your tax preparation software program to e-file Form 4868. Talk about fast. You push the Enter button on your keyboard and the data gets transmitted to the IRS in a nanosecond. You’ll then receive an electronic confirmation from the IRS after the form has been processed and accepted. If you use a tax professional to prepare your return, he/she should be able to e-file the form for you, and since no signature is required on this form, getting it done quickly can take as little as a 5-minute phone call.

It is surprising to most observers to see how commercial borrowers needing help with small business loans are now viewing banks and bankers in a totally different light than they were just a few months ago. Because of the sudden change in public perception, it is appropriate to consider revising a famous quote by Ronald Reagan about government solving problems to say “Banks are not the solution to our problem, they ARE the problem.” For business owners, the current process for obtaining commercial mortgages and other commercial financing has become a quagmire of frustration and confusion. After reviewing the maze of difficulties involved in the process for refinancing or acquiring new commercial loans, most business borrowers have concluded that the overall banking industry has become ineffective in providing even routine business finance services.

The banks which have already received hundreds of billions of dollars in federal bailout loan guarantees are currently the primary target of public scorn. Even bank employees seem to feel this way. A person who was recently employed at one of these banks lost their job and did not hesitate to describe the relief because they no longer worked for this particular bank.

Bankers might have become the new lawyers in terms of public anger and ridicule. There was a joke making the rounds a few years ago about lawyers that has been modified to include a reference to bankers. What do you call 10 lawyers on the bottom of the ocean? (A good start.) Substituting “bankers” for “lawyers” will readily provide a contemporary cultural reference about how far bankers have fallen in the public eye.

The many good bankers who have done absolutely nothing to deserve this ridicule have their work cut out for them to restore a tarnished image. If the good bankers can be more candid in their public criticism of the bad bankers, this is likely to be an effective strategy for improving their public image. It seems increasingly clear that some banks and bankers have acted irresponsibly for many years. Other bankers are likely to be one of the best sources to correct and evaluate this misbehavior. Seeing the innocent bystanders in the banking community speak out publicly about those who caused the economy to implode will be both helpful and refreshing.

The practical need for commercial borrowers to find reliable sources for working capital financing, small business loans and commercial mortgage loans cannot be overlooked when evaluating the growing public criticism of banks. This will be more difficult than it might initially appear for several reasons.

First, many business borrowers could have been working with the same banker and bank for a long time. Some businesses might delay longer than they should in firing their bank because of loyalty and friendship issues.

Second, even after a commercial borrower decides that a change is necessary, it will not be an easy matter to find an effective source for business finance services. In most cases, it will be prudent for business owners to look beyond their local area in the search for better providers of commercial finance funding.

Third, adjusting to the fact that some of the most effective sources for working capital funding are not banks at all will take time for some business owners. For commercial financing services such as business cash advance programs, banks have played a smaller and smaller role even before the recent economic volatility.

Individuals in need of money often look forward to get credit. There are many financial institutions, agencies and banks who do lend money to the borrowers. This is known as Debt. There is an agreement between the creditor and debtor for the repayment of that amount including the interests, terms and conditions put forward by the creditor at the time of signing of the agreement.

There are three types of debt: the secured and unsecured debt, installment and revolving debt, and those debts which vary in the debt source.

The secured debts have collaterals. When we say collateral, it is the security pledged as a guarantee for payment. If you transact a loan by pledging your car, house or whatever asset, it means you have a secured loan. There is no collateral for unsecured debts. One example of unsecured debt is your credit cards.

The next way to classify or to identify the type of your debt is to identify whether it is installment or revolving. The basis for this classification is your payment schedule. An installment debt is one wherein you pay a fixed monthly payment for a car or a home loan. Credit Cards is also one of the examples of a resolving debt. Your payment fluctuates based on the charges or interests of the transactions you made. You do not pay a fixed amount in this way. This is an example of revolving debt. The total amount of your debt or credit may differ every month.

If made to choose between the installment and the revolving debt, it is safer to choose the first one. In installment debts, you are assured that your debt per month is stable. The price of the asset when you buy it does not tend to increase for the coming months, may be it’s for a car or a house. Whatever amount you are supposed to pay every month exactly could be put in a budget by you. This helps stabilize your monthly budget.

By looking at the debt source you may be able to classify the last type. One good example for this is the credit card. Financial institutions, departmental store, banks or the online services are the ones who issue these. It may be the same type of card, but it would differ in the services and usage. Likewise, the charges and interests of each card may greatly differ from one another.

It is always wise to know the service charges and the interest rate charges of the provider before you apply for a credit card. The rates of the retailers are usually higher than those offered by banks.

Also known as secured credit cards, prepaid Canadian credit cards are especially created for residents of Canada. It is interesting to note that there is a difference between secured credit cards and prepaid cards. One major difference is that a prepaid credit cardholder is not given a credit line.

Instead, the prepaid cardholder is required to submit funds to his/her account to be able to use the card for purchases. On the other hand, a secured credit provides its holder with a credit limit just like a regular credit swipe card.

However, in order to get approved, the cardholder must first submit a security deposit to his/her account which will be used in case of defaults in payments. This gives the card issuer the assurance that the cardholder will not default his/her debts.

Below are the four main reasons why Canadians may opt to apply for a prepaid Canadian credit card.

1. Get a guaranteed approval. Those who cannot get approved for a standard credit can be sure to get a guaranteed approval with a prepaid credit card. In fact, you can be sure to get a prepaid one in Canada regardless of your credit score.

Even without credit history, you can qualify for a Canadian prepaid credit card. Yes, providers of these cards do not do a credit check on their clients. There’s no need to worry whether or not you have good or bad credit.

2. Rebuild your credit score. Prepaid credit cards for Canadians are wonderful tools in rebuilding credit history. If you’re living in Canada, you can work on improving your credit score by acquiring this type of credit.

If you haven’t yet established your own credit history, a prepaid credit card can help start building your credit rating. While regular credit cards often require good to excellent credit rating, a prepaid card doesn’t. It gives consumers the chance to start building or rebuilding their personal credit history without any difficulty.

3. Enjoy the convenience of having a credit swipe card. Having a credit swipe card can come in handy especially if you’re frequently on trips or on the road. A credit card can be used for purchasing anywhere without the need to bring cash so it’s a lot safer to carry around.

It also gives you the option to shop over the internet from merchants anywhere in the world. All you need to do is deposit an amount that matches your shopping budget and you’re all set to use your prepaid credit card. If you’re wary about overspending, deposit only a limited amount to your account.

4. Requires a low security deposit. Unlike other types of secured credit cards, most prepaid credit cards require a security deposit of only $75. The difference with a secured credit is that your credit limit is often determined based on the amount of security deposit you’ve submitted. The security deposit required for a secured card can range from $300 to as much as $1000. If you don’t have that cash available, you can opt to apply for a prepaid credit card instead.

Product Description
This book is designed to be a guide to any homeowner facing financial problems relating to a foreclosure.

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