Some of us procrastinate on filing our taxes until the last minute, while others file as early as possible in order to expedite their refund. If you fall into the latter category, you may want to ensure you have all of your ducks in a row to avoid unnecessary delays […]
Author: Lawrence Brown
Going through a divorce is a challenging time. Figuring out how this life change will affect your taxes can be more challenging still. While your divorce was likely not a happy occasion in your life, there can be some advantages of your new tax filing status. Here are a few […]
For most of us, social media has become part of our daily lives. We live publicly – broadcasting to our friends and family every achievement or exciting piece of news in our lives. It has become so commonplace, that many of us don’t give a second thought to how public […]
Every year, you gather together all of your financial documents to file your taxes. Then you probably store them away in a box for a filing cabinet – or digitally on your computer. This process goes on for years. Pretty soon, you have an entire archive of your financial records […]
Sometimes, a change in life circumstances can affect your tax bill more than you realize. One of the most common examples of this is making the transition from being an employee of a company to becoming a self-employed person. Being your own boss requires you to take more responsibility over […]
If you’re like most Americans, filing your taxes is one of the chores you most dread. It’s long, complicated, and often creates a lot of stress. That’s one reason you may opt to employ the help of a tax professional to prepare your taxes each year. While hiring a tax […]
As we discussed in a recent post, IRS phone scams are becoming an increasingly common way to target vulnerable individuals. Scammers, pretending to be from the IRS, may try to contact you by phone, claiming you owe a certain sum – and requesting your information to pay over the phone. […]
Filing taxes is something we all have to do every year. It’s one of the tasks that adults most dread. You try to do your best to complete everything accurately, but the process is quite complicated – even if you’ve been doing it for years. While you may have done […]
The term “tax shelter” often gets a bad rap. In media coverage, tax shelters are often discussed as fraudulent mechanisms for businesses to illegally avoid paying all of the taxes they owe. However, it’s worth noting that there are legal ways to use tax shelters as well – often with […]
If you’re a permanent employee, all of the benefits your employer provides may go largely unnoticed. However, if you’ve recently made the transition from being an employee to being your own boss, the safety net you once took for granted is now conspicuously absent. Your employer-sponsored healthcare is out the […]