Nov 05 How to Get a Business Loan
Many banks and alternative lenders are out there vying for your attention. Once you decide on a lender, what's next? This post presents the steps you need to take to obtain your business loan....
Oct 22 How to Decode Box 1 of Form W-2
Box 1 of Form W-2 shows the employee's total compensation that is subject to taxation for the year. Per an article published by Forbes, "This tends to be the number most taxpayers care about the most." Consequently, there's no room for error.
Learn what goes in...
Oct 08 Estate Planning for Those Under 40
The earlier you start planning your estate, the more choices you'll have. If you start now, your plan will help keep your loved ones from becoming stressed if you suddenly become disabled or pass away. This post discusses some important factors to consider to help you begin...
Sep 24 IRAs to Charity: A Useful Estate Planning Technique
This post explains why you should follow a tax-saving strategy that considers designating your favorite charity or charities as beneficiaries of all or a portion of your IRAs. Then you can leave other assets to family members and other heirs....
Sep 10 What Is Tax-Efficient Investing?
Avoiding taxation should not be the only goal, or even the main goal, of your investment strategy. Still, you always have to keep taxes in mind to make sure you're not unnecessarily sending too much of your money to the government. This post talks about...
Sep 03 The Final Responsibility: Being an Executor
An executor of a will carries out the last wishes of someone close who has died. The executor ensures that the rules that govern the administration of a probate estate are followed. This post shares three things you need to know about this important job....
Aug 21 Pay off Your Student Loans
It is payday and you see your paycheck hit your bank account just in time to pay your student loans. How depressing. Paying your student loans may seem like it will last forever, but there are ways improve your repayment plan and pay off your...
Aug 08 What Changes With the New Taxpayer First Act?
The Taxpayer First Act of 2019 is redesigning how the IRS works with taxpayers, even though it may take a while for many of the provisions to take effect. The Act includes provisions including an independent appeals process, cyber-security and identity protection, and innocent spouse...
Jul 17 Home Office Expense Deduction for a Self-Employed Taxpayer
If you're self-employed and work out of an office in your home and you satisfy certain strict rules, you will be entitled to favorable "home office" deductions. These deductions against your business income include direct and indirect expenses. Here's what you need to know to...
Jun 25 What You Need to Know to Deduct Medical Expenses
Deducting expenses for medical and dental care is easier when you know the rules.
If you itemize your deductions for a taxable year on Form 1040, Schedule A Itemized Deductions, you may be able to deduct unreimbursed expenses you paid that year for medical and...