There are so many fundraising websites cropping up all across the internet. This method for raising money from large groups of like-minded donors has never been more popular. The way it works is very simple. Anyone seeking to finance a wide variety of projects and products initiates a campaign on a website. These include Kickstarter.com or Indiegogo.com. There, they advertise […]
Taxpayers are always looking for ways to save on their tax liability. Each year, as we all prepare our tax returns, we account for the expenses that were incurred. We do this for a variety of reasons to identify deductions that each of us might qualify to claim under the law. For some, those expenses can lead to big deductions. […]
It’s the dream of millions of Americans, and one that has come true for many of us: Self-employment. Perhaps you can claim yourself among this ever-growing segment of the population, and you’re enjoying the freedom and empowerment that come with working for yourself. However, the dream can turn into a nightmare when tax times comes around. The IRS has very […]
Tax time is just around the corner. Taxpayers are looking for ways to make this annual event go by smoothly and as painlessly as possible. Taxes can be tough to figure out. Some people planning to do their taxes on their own may be filing a very simple return, while others might be misguided as to the extent of their […]
Medical expenses can be a serious drain on your wallet, whether or not you have insurance. So the IRS offers a long list of expenses that you are allowed to write off as a deduction from your taxes. These types of expenses are generally spent on the cost to diagnose, prevent, treat, mitigate or cure an illness or some other […]
No one loves doing their taxes. However, it is a necessity that we all must endure. Getting audited can make it all worse. If you’re the target of an IRS inquiry, you can be facing months of scrutiny and extra paperwork. Perhaps, even a higher tax bill when all is said and done. Yet, it does not have to be […]
There is a whole range of major life changes that can have an impact on your taxes. Getting married, getting divorced, having kids, even changing jobs bring significant complications to the way you do your taxes. These adjustments are going to be predicated upon the particular developments that take place in your life. Maybe you are saving for your college […]
Face it: the average person is not a tax professional, so you probably aren’t either. Yet every year you decide to take on the complexities of the tax code all by yourself. Sometimes, it is to the detriment of your finances. It’s no secret that the tax laws can be downright impossible to navigate with their constant updates and changes. […]
Now that you have tied the knot, congratulations! As you might have guessed there are going to be a lot of changes in your life. These adjustments include how you file your income taxes. The way you file and the many possible benefits that you may be able to claim are just the beginning of it. You and your spouse […]
As the old saying goes, the two things you can always count on in life are death and taxes. The first one is probably (hopefully!) a long way off. However, the latter has probably snuck up on you all too quickly. First-time filers often get intimidated by tax time because there are so many different forms. The penalties for filing […]