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All About Schedule H (Form 1040), Household Employment Taxes

You’re likely to hire help at some point for tasks around the house, which makes you an employer. Consequently, you…

Apr, 21 | John B.
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Tips for First Time Extension Filers in 2022

The federal income tax filing deadline this year is 18 April. You only have a couple of days before the…

Apr, 14 | John B.
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2022 Federal Quarterly Estimated Tax Payments

Taxes on income earned in a given tax year – now 2021 – that are not subject to periodic withholding…

Apr, 07 | John B.
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How and When to Report Tips for Tax Purposes

One of the best things about working in the service industry is the tips. Whether it comes from food, hospitality,…

Mar, 31 | John B.
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RMD Deadlines for Those Reaching Age 72 in 2021

The script has flipped for investors entering their seventies after decades of putting money away in tax-advantaged retirement accounts. Uncle…

Mar, 24 | John B.
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Ways You Can Avoid or Reduce IRS Penalties

The goal of IRS penalties is to correct taxpayer behavior. Anyone can face an IRS tax penalty for reasons such…

Mar, 17 | John B.
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How Your Lottery Winnings Are Taxed

Played the lottery and won big? You’re probably wondering how you’ll spend all that money. However, Uncle Sam will want…

Mar, 10 | John B.
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Difference Between Estate Taxes and Inheritance Taxes

Losing your loved one is a tragedy that needs time to heal, and the last thing a family wants at…

Mar, 03 | John B.
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Report Stock Investment Tax on Tax Return

If you want to build wealth and financial security, investing in stocks is a great way to do so. However…

Feb, 24 | John B.

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