Dealing With Extra Income: IRS Form 1099

Dealing With Extra Income: IRS Form 1099

This year, I received lots of forms for my tax filing. While most of us receive a W-2 from our main employer, any other income is usually reported with a variation of form 1099. Just like the W-2, a 1099 form is an integral part of your tax filing and ignoring them can lead to […]

4 Potential Uses for Your Income Tax Refund

4 Potential Uses for Your Income Tax Refund

Like it or not, tax time is upon us as taxes are due a little more than a month from now. Many dream of getting that large income tax refund and going out to blow it on something nice they’d not normally be able to afford, but there generally isn’t much wisdom behind that. I’m assuming that […]

Which Tax Filing Method is Right for You?

Which Tax Filing Method is Right for You?

The year is almost over, and you know what that means… tax time is coming. People can start filing their 2013 income taxes on January 31st, so it is time to get your tax forms in order and decide how you will file in 2014.

How Tax Deductions Work and The Right Number to Take

How Tax Deductions Work and The Right Number to Take

Each time you start a new job, you are required to submit a W-4 and I-9 form. Those forms tell your employer how much tax to deduct from each paycheck and verify that you are a legal US resident who can take a job. Most of us only spend a few minutes on those forms but don’t understand the long term ramifications.

Should You Pay Someone to do Your Taxes?

Should You Pay Someone to do Your Taxes?

It’s that dreaded time of the year, tax time. Only a select few individuals actually like doing their taxes because of the potential headache it can be. The tax code is thousands of pages long, so how can it be easy to fully understand what to do? Thankfully, there are a options that make it less of a nightmare for most of us to file our taxes.

Year End Tax Deductions

Year End Tax Deductions

There is a reason non-profits press hard for donations during the holiday season, and it is not just counting on your generosity. The end of the year is your last opportunity to plan for tax deductions and expenses for your next tax filing.

Paying Your Taxes in the Park?

If you’ve ever played sports or had kids who were on a team then you know how many hours parents have to spend waiting on their kids over the course of a season. Just last week, half the parents at my son’s soccer practice spent part of the time on a Kindle or iPad.

Wealth and Taxes in America

There has been a lot of talk lately about rich people vs. poor people. In the height of the political season, fingers are being pointed, people are being accused, and even Fortune magazine took time to ask if it is still okay to be rich today in America.