Income Taxes

The Latest

  • August 11, 2014

    Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.

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  • February 11, 2014

    When it comes to tax preparation many people are far from efficient. In fact, most taxpayers are disorganized and unprepared when they begin to file their returns. Of course, you don’t have to make this mistake. The following 5 tax preparation...

  • January 22, 2014

    It is important to understand the difference between State income taxes and Federal income taxes. If you don’t, you could end up making mistakes that can cost you both time and money (such as underpaying or overpaying on your tax returns)....

  • October 15, 2013

    A Federal income tax audit is a review of your income tax return to determine its accuracy and truthfulness. Note that a tax audit is not necessarily an...

  • September 18, 2013

    For most people, the thought of paying income taxes makes their spine tingle. While everyone knows that income taxes are paid to the IRS (Internal Revenue Service) each...

  • September 10, 2013

    Many people do not understand marginal income tax and how it affects them. In turn, they can end up making financial decisions that are actually less beneficial...

  • September 4, 2013

    Undoubtedly the two biggest benefits of having an employer are health insurance and retirement plans, right? Wrong. Both of these...

  • August 20, 2013

    The economy might be improving, but there are still a lot of people who are pasting together their financial obligations through temporary, part-time employment and work by contract. In the six months leading up to July, 2013,...

  • July 25, 2013

    You do not want to use the IRS like a bank account. Believe me, the money withheld from your paycheck would be better spent elsewhere – loans, payments, or a pair of shoes – than it would sitting in the digital catacombs of the Internal Revenue...

  • July 19, 2013

    You may have noticed the remarkably high self-employment tax on Form 1040 (15.3%) and wondered how Americans – who have such a rich history of entrepreneurship –...