Category Archives: Taxes

I’ve been noticing a lot of confusion on the kiddie tax rules lately so figured it was time to break it down. Too many parents are deciding not to put a token amount of money in their kids’ name in … Continue reading →

Putting Patents On Saving Money: This is an interesting article that totally blew me away. Apparently you can patent ways to save money on taxes and if you create tax savings in a way that someone else has patented, you … Continue reading →

In the spirit of political correctness, the IRS long ago did away with the old designations of “husband” and “wife” on individual tax returns, and replaced them with “taxpayer” and “spouse.” The result of this change has led to many … Continue reading →

As April 17th approaches, the inevitable question is, “Have you filed your taxes yet?” Hopefully you are all on the ball and if you had a refund due, you filed back around February 1 and if you owed, you are … Continue reading →

Well, we all know it is that time of year. If you haven’t had your taxes done by now, maybe you are still trying to decide how you will go about getting them done. I did a recent article on … Continue reading →

The IRS website and many state government websites can provide information on the status of your income tax refunds. But at the same time, they request very personal information such as your social security number and your income, in order … Continue reading →

Yes, you read that title correctly and I’m still shaking my head a bit. It appears that Turbo Tax has launched a tax rap contest worth $25,000 to the person that can come up with the best Turbo Tax inspired … Continue reading →

By now, you’re probably well aware that you can Free File your federal taxes through the IRS Free File program. What hasn’t been discussed a lot is that which of the programs you should choose to do your federal taxes … Continue reading →

You’ve probably wondered why your bonuses are so heavily taxed. It’s all in the tax law. There are two methods to determine bonus withholding. One method is called the Percentage Method; the other is the Aggregate Method. Which method is … Continue reading →

There are a number of new tax laws in recent years when it comes to charitable contribution deductions. These are some pretty significant changes, so keep in mind the following as you do your taxes in regard to the cash … Continue reading →

The IRS hears so many of the same ridiculous arguments by people claiming they are not liable to pay income tax that it has posted a 64-page document on its website called “The Truth About Frivolous Tax Arguments.” It sets … Continue reading →

Conventional wisdom would say that if you’re expecting a sizable Federal income tax refund, you would want to file your tax return as soon as possible to collect your money that you have been lending the IRS interest free during … Continue reading →