I am often surprised how many people don’t understand how the United States Income Tax system actually works, but on the surface it is a really simple system. Like anything else, once we get deeper it becomes a bit LOTS more complicated. However, when someone says, “I don’t want to make more money than $X because… Continue Reading
Category Archives: Taxes
How To Protect Yourself Against Potential Tax Scams
In times past, scam artists and masters of fraud generally operated in person or by paper mail. In today’s hi-tech world, however, scam artists have become much more sophisticated. Identity theft, Nigerian scams, and a host of other fraudulent activities are, unfortunately, quite common on the web. Another area that fraudsters love attempting to bilk… Continue Reading
Where is my 2011 Tax Return?
Checking The Status of My Federal Tax Return I met with my accountant a couple weeks ago and have recently received a copy of my taxes back. Since I am expecting a sizeable tax refund (Daddy’s little Tax Deduction was born right before the new year) so I am obviously excited and anxious. A few… Continue Reading
What Do I Need to Bring to My CPA or Accountant
Despite helping people in my life with their taxes I use an Accountant. There are a couple reasons why I use one: The Wife is Self Employed complicating our situation a bit I have self employment income which is growing After our meeting with our CPA I don’t feel the stress I did when I… Continue Reading
What is the Difference Between an Ordinary Dividend and a Qualified Dividend
As is the norm with this time of year I have been receiving receiving tax form 1099s from various companies over the past couple weeks. I usually just give them a glance before filing them away for my appointment with my CPA. However, tonight I decided to take a look at the one I received… Continue Reading
What is a W-4? Updating My W-4
Anyone that has ever received a paycheck has noticed that the government takes a (massive) piece. Your HR/Employer knows how much to withhold from each paycheck based partly on your W-4. According to the IRS one would, Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider… Continue Reading
