When you sell an investment for more than you bought it for, the government wants a cut of the gains. You are required to pay taxes on your gains when you realize them, understanding that there are ... Read More about How Capital Gains Taxes Work
With tax day behind you it can be easy to forget about all of that paperwork until next year. You can't just stuff the tax return in a drawer for the rest of time because you'll eventually run out of ... Read More about How Long to Keep Tax Records
It's only been a few weeks since many people rushed to file their taxes before the tax deadline in April. Were you surprised this year at how much you got back from the government? Or did you end up ... Read More about How to Adjust Your Federal Income Tax Withholding on Your Paycheck Using Form W-4
Actually, I don't need my tax refund, not right away anyhow. But I've been hearing this comment frequently since tax season started, and even more frequently since the IRS announced the tax refund ... Read More about I Need My Tax Refund!
Starting this year, for tax year 2011, there is a new 1099 form in town. Many of us are already familiar with the 1099-MISC, especially if we work from home as contractors. The 1099 is meant for ... Read More about Are You Ready for the New 1099-K?
The end of the year is rushing to a close, which means now is the time to finish your plans for saving money on your taxes. While there are some things you can do after December 31st to lower your tax ... Read More about Year End Tax Tips
I am old enough to remember Steve Forbes’s failed bids for the presidency back in 1996 and 2000, and young enough to have thought that his flat tax plan (which was the cornerstone of his campaign) was ... Read More about An Explanation of the Flat Tax Proposals
As more people enjoy the benefits of working from home on either a full- or part-time basis, it’s important to understand what money-saving tax deductions are available. Keep reading and we’ll cover ... Read More about Money-Saving Home Office Tax Deductions
You might have found, when going back through your tax return, that there are some mistakes. Maybe you didn't take a credit you were entitled to. Sometimes, filers report the wrong filing status. No ... Read More about How to File an Amended Tax Return
In my last article, Understanding the Home Mortgage Interest Deduction, Part One, I gave you an introduction to the mortgage interest tax deduction and told you what’s required to claim it. You ... Read More about Understanding the Home Mortgage Interest Deduction, Part Two