Doing your taxes is certainly not the easiest thing you’re likely to tackle this year. For Millennials, this can be increasingly more difficult. That’s because filing a return may be something brand new and unfamiliar. Additionally, the IRS tax code is hardly a walk in the park for the uninitiated. That is why it’s so important to be aware of […]
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 […]
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 […]
Tax time is tough enough without having an audit to deal with after you submit your return. Yet, the truth is that you can never safeguard yourself against an audit entirely. That is true whether it’s a business or an individual return. However, there are precautions that you can implement to put your best foot forward with the IRS. You […]
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 […]
The tax code. Hardly the stuff of breezy beachside reading. Those who do sit down and explore every nook and cranny of its complexities will find a litany of tax loopholes. Individuals and corporations alike can (and do) exploit them for the purposes of paying as little as possible to Uncle Sam. However, the tax code is constantly evolving and […]
They say that it takes money to make money. Unfortunately, when you don’t have much of it to spend, finding a job can become that much more of a challenge. A job search is not only time-consuming, but it can be a real drain on your finances. When you don’t have a steady income, then you’re left with the unenviable and frustrating […]
Paying taxes. No one likes to do it but we all have to contribute our fair share in this country. Luckily, the government tax code grants us a litany of deductions to help ease the tax burden each of us is responsible for every year. Many individuals and businesses have a number of options that allow for deducting certain expenses […]