Category Archives: Taxes

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 fewContinue 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 IContinue 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 receivedContinue 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. ConsiderContinue Reading

Summary of Tax Changes for 2011

The end of the 2010 marked the sunset of certain tax cuts found in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA ) commonly referred to as the Bush Tax Cuts.   Well, last week was as crazy of a weekContinue Reading

Why You Should Try To Get the Smallest Tax Refund Possible?

It may seem like a great idea to expect a large tax refund year after year. Many people anticipate their refunds with plans to use them for vacations and other luxuries they otherwise don’t plan and save for in any other way. However, while you may be used to waiting once a year to aContinue Reading