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Do you owe money to the IRS that you can’t afford to pay? You’re not alone. At the end of the 2017 fiscal year, more than 14,000 taxpayers had delinquent accounts with the IRS, with a total balance of assessed tax,…
This tax season, many taxpayers are getting an unwelcome surprise: income tax bills they weren’t anticipating. When that happens, the first instinct is panic. After all, the IRS is not an easygoing creditor. The federal government expects your tax debt…
Do you have a talent that provides value to others? If so, you may have considered turning that skill into a money-making venture. But would that venture be a hobby or a business? For tax purposes, the distinction matters. According…
IRS form 1099 isn’t just one form. It’s a series of forms the Internal Revenue Service refers to as “information returns.” These forms provide information on different types of income you might receive other than wages, salaries, and tips. What…
After you get engaged, the first thing you’ll probably do is share the news with your family and friends and update your status on Facebook. After that, your thoughts will turn to setting a date, planning the wedding, and checking…
Whether it’s a desire to contribute to society or to increase spendable income, many retirees decide to go back to work. Some have found their savings and investments eroded by the financial crisis, while others seek more substantial medical coverage….
In addition to having been a professional or semi-professional musician throughout my entire adult life, I’ve also served as a life insurance advisor and retirement planner for other musicians. Unfortunately, I have found that most musicians are not very savvy…
One of the most powerful benefits that any publicly traded company can offer its employees is the ability to purchase stock in itself. There are several ways this can be done, but perhaps the most straightforward method of employee stock ownership…
If you’re handy with finances, you might have helped some of your family or friends do their taxes. Want to get paid for it? If you take the H&R Block tax course, you’ll learn a lot about how taxes work…
In an effort to help make filing taxes easier this year, we are breaking down the various IRS tax forms to help you know if you need them, and how to use them. If you were working as an employee…
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