DIY Mid-Year Tax Tune-Up

Save on Taxes is on computer key

July 1 is the 182nd day of the year and it’s an ideal time to conduct a Do-It-Yourself (DIY) tax tune-up to ensure proper record-keeping practices will make tax filing easier, faster, and generate more tax deductions. Essentially, a mid-year DIY tax audit is an exercise in record-keeping and retention. The emphasis is on ensuring tax-related documents are being stored, and are available. Organizing tax records now can make filing easier and faster when April 15th of the next year rolls around.

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Why Should You File Your Own Taxes?

Why Should You File Your Own Taxes?

More often than not, it may make more sense for you to file your own taxes rather than turn things over to a pro. Here are some of the advantages to filing your own taxes.

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Federal Estate Tax: What is It, and Why Do We Have It?

Federal Estate Tax: What is It, and Why Do We Have It?

For many people, the word estate can conjure rarified visions of mansions set amidst expansive lawns in exclusive communities, and when it comes to federal estate tax, those visions maybe somewhat accurate. The federal estate tax  – tax levied on property bequeathed to heirs – does not affect 99% of Americans since only about 1% of Americans are even wealthy enough to be affected by it. Just how wealthy, you wonder? As of 2018, unless an estate’s value exceeds the exemption figure of $11.18 million per person (that’s $22.36 million per couple), it isn’t subject to federal estate taxes. The

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7 Tips for Protecting Yourself from Identity Theft or Fraud

7 Tips for Protecting Yourself in the Era of Cyber Crime

Just 20 years ago, cybercrime was the stuff of futuristic fantasy. Today, well into the maturity of the Digital Age, anybody who has been the victim of online fraud knows well that there’s no fantasy about it. Online fraud and identity theft causes serious, long-term problems for people who become the victims of it – and the ramifications can stretch for years. As reported by Javelin Strategy & Research, some 16.7 million consumers were victims of identity theft or fraud last year. That’s an increase of 8 percent over the year before. In a special report from CNBC, it was

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Taxes Through the Ages

Taxes are what we pay for a civilized society. – Oliver Wendell Holmes Jr.

Taxes have been levied on citizens by governments since antiquity. At best, taxes have been regarded as fuel for the engine of civilization, and at worst, as depredations that have ignited revolts and uprisings. 

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Checking the Status of a Federal Tax Return

In 2016, the average individual income tax refund was $3050. With this kind of money coming back to tax payers it should be no surprise that they expect a way to check the status of their refund and the IRS has developed the following: (1) online access to refund information at “Where’s My Refund?”; and (2) online access to the status of an amended return at “Where’s My Amended Return?”

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Done Filing? Here’s How To Make It Easier Next Year

Frustrated Millennial woman with head in her hands trying to file taxes

Are you still reeling from that all-nighter you pulled trying to get your taxes in by the deadline? Still decompressing after searching through every file on your computer, and every piece of paper in your house, trying to find that darned 1098-E student loan interest form?

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What Your Taxes Actually Pay For

What Your Taxes Actually Pay For

Probably every taxpayer, at some point or another, has found themselves wondering: What do my taxes actually pay for? According to the Center for Policy and Budget Priorities, in fiscal year 2016, the federal government spent $3.9 trillion, $3.3 trillion of which was financed by American taxpayers.

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From Tummy Time To Tax Time: The New Parents’ Guide To Filing

view of father and toddler from foot to knee, standing in forest

So much changes when you become a parent. You stop worrying about missing that trendy pop-up dinner, and start worrying about feedings and sleep schedules. Your idea of entertainment changes from an exciting night out with friends, to a relaxing evening of Netflix and a (hopefully) sleeping baby.

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What If Dogs Filed Taxes

What If Dogs Filed Taxes

We understand filing taxes may not be much fun, so we thought we’d have a little fun with a somewhat silly post on if dogs had to file a tax return.

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