Tax filing season may be the single best argument for living a life of simplicity. The Federal Tax code is arcane, but state tax codes put it to shame. Answering a question as simple as, “Where do I file my state income tax returns?” becomes a confusing labyrinth that leaves the average filer casting about […]
This post is brought to you by CJ Affiliate’s VIP Content Service. Thank you H&R Block for sponsoring this post. While this was a sponsored opportunity from H&R Block, all content and opinions expressed here are my own. Long gone are the days of just a W-2 and filling out a simple 1040EZ. Today’s tax […]
Frequent traders use a combination of research, current events and technical analysis to buy and sell stocks and options. This approach to investing sometimes yields Alpha (over-performance relative to a benchmark), but it always yields more complicated tax filing. If you buy and sell financial positions, you need to stay organized to avoid an IRS […]
Do you remember where you filed your tax return? What about your tax return from 3 years ago? The IRS recommends that you keep at least 3 years of tax returns on hand. But what if you can’t find your tax return in your black hole filing cabinet? Tax Transcripts are the answer. Below we explain […]
Looking for a better tax organization method? See how you can save hours of time by putting together a simple income tax binder.
It’s that magical time of year again: income tax time! If you’re a small business owner, an entrepreneur, or self-employed, you’ll be forcing yourself to gather receipts, accounts, Post-it notes with IOUs on them, paperclips, etc. Do you know about all the tax credits that you might be eligible for? We’re not just talking about […]