I used to enjoy doing our taxes. I know, I’m a dork, but I genuinely liked sitting down at the end of the year to see how everything shook out for the previous 12 months. We didn’t have anything too extravagant going on so it was fairly straightforward. That all changed once my wife and […]
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 […]
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 […]
April is the month when all procrastinators curse the heavens. Yep. It’s tax season. And I don’t know of a single person who likes to do taxes.
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.
I have a file cabinet at home with bank statements dating back to when I opened my first checking account when I was sixteen years old. Nine years later, I wondered if I still need those bank statements.
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.
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.
We can make plans for side-income and income from hobbies all day, but unless we are self-employed full time, our employer is the source of our primary income. Your employer often gives you a lot more than that. Make sure you are taking full advantage.
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.
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.
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.