Solutions to Make Better Decisions with Your Taxes and Money

Weekly Favorites: Tax Scams of 2013, Tips for Using Form 1099-B, Bets are Taxable, 7 Things to Check When Filing Taxes

Weekly Favorites: March 29, 2013 Don’t Fall for These Dirty Dozen Tax Scams of 2013 via Don’t Mess With Taxes It’s tax-filing season, so you know what that means. It’s also peak tax scam season. In addition to collecting Americans’ tax returns (and money) this time of year, the Internal Revenue Service also keeps an eye […]

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 […]

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 […]

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 […]

Weekly Favorites: Moving Expenses Tax Deduction, What Is Sequestration, $917 Million Unclaimed Taxes, Capital Gains Tax

Weekly Favorites: March 15, 2013 Moving Expenses Tax Deduction: What’s Deductible and Nondeductible? via Sally Herigstad 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. Continue reading… What Is Sequestration – Definition […]

Weekly Favorites: Bump Your Take-Home Pay Up, Ways to Make Money From Home, IRS Accepting More Forms Next Week

Weekly Favorites: March 1, 2013 Payroll Tax Cut: How to Bump Your Take-Home Pay Back Up by Sally Herigstad When the temporary payroll tax deduction ended in December, our social security tax deductions went back up to 6.2% of our gross pay.2% more of your pay may not seem like a huge amount. But on […]

4 Tips for Using Tax Preparation Software Effectively: Your Own Virtual Accountant

Can tax preparation software help you find deductions, pay less tax, and stay out of trouble with the IRS as well as a live person sitting in front of you can? For most taxpayers, today’s tax preparation software can do a great job on all of the above. In fact, tax preparation software has a […]

Don’t Make These Mistakes on Your Tax Return

Are you getting ready to prepare and file your tax return? Don’t make these mistakes! Errors on your tax return can delay the processing of your return, in addition to, the tax refund you’re counting on. Fortunately, many of the most common mistakes are simple, human errors that have little to do with the complicated […]

5 Tips for Filing Your Taxes for the First Time

Are you filing your taxes for the first time? Are you feeling a bit overwhelmed about the whole process? Filing a tax return for the first time can be intimidating. Here are 5 tips to help you through the process. 1. Determine if you need to file Three things must be considered when determining whether […]