Taxes

4 Women’s Real Tax Nightmares — and How They Solved Them

Do you ever wonder if you’re really filing your tax return correctly? Do you worry about a possible audit by the IRS? If so, you’re not alone. Sometimes tax returns do end in difficulties. Maybe you checked the wrong box, or didn’t realize what...

What to Do Before You See Your Tax Preparer

Whether you love filing your taxes or push it off as long as possible in fear of what you might find, tax preparation is non-negotiable. Doing all the work yourself, however, is. If you opt to see a tax pro, go prepared. From gathering key...

11 Basic Tax Terms You Should Know

The U.S. tax code didn’t get to be 74,000 pages long without getting a little confusing. But don’t throw up your hands just yet; there are plenty of books, software programs, and professionals to help you sort out and file your tax return. But...

What Are the Most Tax-Advantaged Ways to Save for Retirement?

My husband and I are maxing out our 401(k) and IRA contributions. Are there other tax-advantaged places we could be putting more money away? What options do we have to save more for retirement? We are debt free, with the exception of the...

Employees vs. Contractors: What You Need to Know

A big, fat tax deadline is coming up on January 31, and it affects you, entrepreneurs: It’s D-Day to issue your 1099s and W2s. Unfortunately, it’s all too easy to make a mistake on these forms and there can be major consequences if you do.  But...

The Costliest Mistakes You Can Make on Your Taxes

What if just a few hours — or even minutes — of effort could result in hundreds, maybe even thousands, more dollars in your bank account? You’d make the effort, right?   Well, maybe. At tax time each year, many of us take shortcuts or overlook...

Ask an Advisor: What Is the Capital Gains Tax?

What is the capital gains tax, and how can I calculate mine? — Elyse, New Jersey We all know that the IRS wants a piece of everything we earn, whether it’s our salary or investments. Generally, the capital gains tax is a percentage owed to the...

Ask an Advisor: What Is the Inheritance Tax?

What is the inheritance tax? Receiving an inheritance usually comes with paying an inheritance tax, depending on where you live or where the deceased lived. An inheritance tax is a state tax (or county tax, in one case) imposed on beneficiaries...

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