by Jackie Beck

Here are six ways to make doing next year’s taxes faster and easier. Take care of them now while the memory of this year’s ordeal is still fresh in your mind, and you’ll be glad you did when tax time rolls around again. Read the rest of this entry »

by Jackie Beck

Do you need to file an amended tax return? If you’ve made a mistake in filing your taxes, you probably do. (Unless that mistake is a math error or forgetting to include a W-2 or schedules. According to the Amended Returns tax topic, the IRS will usually fix math errors for you, and will request missing W-2s and schedules from you.) Read the rest of this entry »

by Jackie Beck

Would you invest in something that you knew in advance would always lose 28% a year?

I’m pretty sure your answer will be no.

But what about consistently putting your money into something that would always cost you 3% a year? Does the smaller amount of consistent money loss change your answer? Read the rest of this entry »

by Jackie Beck

Taxes can be a confusing subject if you’re self-employed. Actually (if you’re in the U.S. at least) taxes can be massively complicated and confusing period, no matter what your employment status. The tax code is huge, and it’s probably safe to say that no one person actually knows everything in it. Read the rest of this entry »

by Jackie Beck

Late filing and me — those are two things I never wanted to see in the same sentence. I always file pretty late in the tax season, because I’m usually waiting on a form to straggle in. There have been a couple of times when I dropped off my return late at night on tax day. Read the rest of this entry »

by Matt Robinson

You might be surprised to learn about some of the tax deductions people have claimed on their tax return, and with what they got away! You will have to look hard to find these in your tax software. Remember, the difference between a tax deduction and a tax credit is simple: a tax deduction lowers your taxable income, where a tax credit (such as energy tax credits, for example) lowers your tax liabilities dollar for dollar. Read the rest of this entry »