Personal Financial Advice from a former Certified Financial Planner
Remote work is changing every aspect of the modern professional’s life. No more long commutes. No more monthly parking expenses. Maybe even no more car. How remote work taxes occur is the next frontier. Taxes for Remote Work The evolution of the workplace has seen a significant shift towards remote …
Small business tax deductions are important in order to offset high business taxes levied against small business owners and entrepreneurs. This is especially true for work from home entrepreneurs who file as sole proprietors, or as a Limited Liability Company aka LLC, with sole proprietor tax status. Small business owners …
It’s Federal Income Tax Time, here in America. The due date for filing your income taxes, and the dreaded Form 1040 is, as usual, April 15th. (No extra days to file taxes in 2023. Those pesky Washington D.C. holidays have moved on to other days..) But, before you can file …
Colorado Delays Acceptance of 2022 Online Taxes A majority of Coloradoans file their income taxes for free, or via a paid tax program like TurboTax, using Colorado’s online tax forms. Once you know how to file Colorado income tax, the rest is easy. The Colorado Department of Revenue will not …
If you have fairly simple taxes, that is ones that do not include several complicated schedules or worksheets that have to be filed, then you might not want to pay for TurboTax or TaxCut or other tax preparation software. But you still don’t really want to go it alone without …
Tax Day is today. Hope you are ready! If you have already filed, there is one more piece of tax business you can attend to before you run off into your summer. Time to shred some old tax returns and documents. IRS Rule For How Long to Keep Taxes The …
Every so often, tax loss harvesting seems to show up in various marketing literature like it was just invented. The funny part is that tax loss harvesting has been around for a very long time. In fact, it’s less important today than it was before Bush the Second cut long-term …
There is a common misconception about avoiding taxes by not cashing savings bonds. While there are no penalties for not cashing mature savings bonds, there is no benefit to holding them for tax purposes, either. Sometimes people wonder, “Do savings bonds expire?” For the most part, I typically assume that …
As January 2022 comes to a close Americans everywhere will be receiving W-2 Forms, 1099 forms, and others depending upon their specific financial situation and income scenarios for 2022. So, let’s do a quick overview of tax law in 2022 and how that will affect filing 2022 taxes in 2023. …
Recently, the Democrats passed a bill called the American Rescue Plan Act, that made some changes and updates to the child tax credit. This was quickly spun as either a middle-class tax cut or raising taxes on the poor. It’s weird to see how people can distort what is really …