Solutions to Make Better Decisions with Your Taxes and Money

Archives for March 2013

5 Tips When Using Form 1099-B for Stocks and Other Investments

Have you received Form 1099-B from your brokerage regarding the sale of your stocks and other investments? Brokerages and other financial institutions are required to send you Form 1099-B if you sold stocks or other investments in your account. They also must send copies of the forms to the IRS. The IRS matches the information […]

10 Ways to Save Money on Your Next Car Purchase

Are you in the market for a new vehicle? Do you have a plan for your next car purchase? Getting a new car is an important financial decision – even more so when you have the luxury of planning out your car purchase ahead of time. A crucial factor that must be fully considered is […]

Owe Money to the IRS? Use These 4 Steps to Pay off Your Tax Bill

What should you do if you finish your taxes and discover you owe more taxes to the IRS than you can afford to pay? It’s bad enough not to get a tax refund you may have been expecting. Finding out you owe a lot of money is worse. The last thing you want is to […]

Student Loan Relief Put Towards New Bills and School Debts

We believe how we act as a company, and as individuals, is a measure of who we are. As a company, we act responsibly and with integrity to provide the best value in tax preparation products. As individuals, we believe financial responsibility and higher education play major roles in our community’s future. This sweepstakes recognizes students and […]

Why Credit Card Tax Payments Are [Usually] a Bad Idea

These days almost everyone accepts plastic, including the IRS. Thanks to the Taxpayer Relief Act of 1997, the federal government accepts income tax payments by “any commercially acceptable means,” which includes debit and credit cards. But just because you can do something, it doesn’t necessarily mean you should. More often than not, paying your taxes with a […]

How to Avoid Owing Money to the IRS

Are you wondering why you owe so much in taxes this year? Want to make sure you never owe a big tax bill – or any bill at all – when you file your income taxes? Judging by the amount the average American has over withheld from his or her pay, we’re scared to death […]

10 Tax Tips for the Self-Employed

As a self-employed person, do you ever envy your employed friends at tax time? Having your own business definitely increases the amount of recordkeeping you have to do for tax purposes. When you’re digging through boxes of business receipts, it’s easy to envy people who only have to enter income from a W-2 form. However, […]

Moving Expenses Tax Deduction: What’s Deductible and Nondeductible?

Did you move because of a change in work location last year? In this tough economy, many Americans are moving to find work. They can offset some of the expense of packing up for greener pastures by taking a tax deduction for moving expenses. It’s important to know what you’ll be able to deduct before […]

Long-Term Capital Gains: How Much Tax Will I Owe?

Did you sell a house, some investments, or even a car this year that you may need to report as the sale of a capital asset? If you sold an asset, possibly at a profit, you’ll generally pay less tax on the gain than you would pay on ordinary income, such as wages. You must […]