When it comes to money, it is important to make sure you are doing what you can to make sure your money is working for you. However, it seems as though there are plenty of pitfalls that can result in wasting money instead of getting the most out of it. Make sure you are avoiding … Read more 7 Money Traps to Avoid
You don’t have to own a business to deduct costs related to your job. It’s also possible, in some cases, to deduct the unreimbursed expenses you incur as part of doing your job. Realize, though, that the IRS has rules regarding your tax deductions. You can’t just deduct whatever expenses you want, and you have … Read more Tax Deductible Job Expenses
One of the essentials of successful finances is the emergency fund. Your emergency fund can provide a measure of protection and security from financial setbacks. When you have an emergency fund, you can draw on it when you need extra cash for a medical emergency, or when you need to partially offset a job loss. … Read more Where Should You Keep Your Emergency Fund Savings?
When many of us think of the Internet, we think of time-sucking social networks, and the fact that it’s easy to get lost in reading all of the interesting information out there. However, the Internet isn’t just a distraction; it can also be a great tool. Here are three ways that the Internet can help … Read more 3 Ways the Internet Can Help You Improve Your Finances
When it comes to retirement security, many Americans probably aren’t surprised to learn that American is not number one. In fact, the United States ranks 19th out of world countries in a retirement security index prepared by Natixis Global Asset Management. The news should prompt you to look at your own retirement security, and think about … Read more How Secure Is Your Retirement?
Every year, when I have the accountant prepare my tax return, I sign forms giving the accountant the ability to represent me in case the IRS decides to audit me. It’s a rather comforting ritual, since it’s good to know that there is someone on my side if I go through an audit. Of course, … Read more Are You Asking for an IRS Audit?
Many of us like to think that we can handle our finances on our own. In most cases, this is probably true. You probably can take of the basics of budgeting, setting aside money for retirement, and all of the other tasks included in financial planning on your own. But what if you need help? … Read more Do You Need Help with Your Financial Plan?
If you are supporting a family or loved one, then you are probably looking for the right life insurance policy so that their needs are met in case something happens to you. If you’re not looking then you need to be! Most people believe they need life insurance, but according to a study by ING, … Read more How to Find the Right Life Insurance Policy For Your Needs
Now that the IRS is accepting tax returns, it’s time to get serious about filing, if you haven’t already. For many taxpayers, using software to prepare returns makes sense. You can get help organizing your deductions and finding the right forms, but you don’t have to pay for an accountant to do it for you. … Read more How to Choose the Right Tax Software for You
Tax season is underway, and that means that you need to be on the look out for forms arriving in the mail (or sent via email). Some of the forms that you might be receiving this tax season include 1099 forms. There are several different types of 1099 forms, and you need to be on … Read more Seven 1099 Forms that You Should Watch For this Tax Season