forming an llc

What Is a Limited Liability Company, or LLC?

When my husband and I created our first WordPress blog, we did it as a hobby. But once we started earning a real income from

us capitol building with storm clouds overhead

So the U.S. Has a Lot of Debt. What Does That Mean for Me?

If you’ve been watching the national news lately, one of the topics creeping back into the discussion is the federal debt ceiling. Our nation’s debt

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A Retirement Tax Trick You May Not Know About

In my recent post I highlighted the looming problem that taxes will create for many investors when they retire due to the bulk of retirement assets

Uncle Sam

Uncle Sam Wants YOU… to Retire?

When I meet with investors, most believe health care will be their single largest expense during retirement. They’re surprised when I tell them if I

pile of receipts

The Receipt Cycle: How to Keep Tabs on Your Spending and Tax Deductions All at Once

Back in March, I sat down to file my family’s income taxes, both federal and state. Part of that process is taking a serious look

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Five Ways to Write Off Your Next Vacation

Planning a vacation and dreading all the costs? While there are many ways to spend less on vacation, there’s another route to try if you want to travel

investing charts

Roth IRA vs 401k? You May Not Have to Choose

One of the most common retirement questions I get asked is: Roth IRA or 401(k)? Although both are good options worth considering, the answer isn’t

couple on the beach

Don’t Waste Your Tax Refund: Four Better Ways to Use It

According to the IRS, the average tax refund so far this year has reached a staggering $3,539. It’s still early, however. And as the tax agency notes,

filing out tax form

Can the Saver’s Credit Save You Money on Your Taxes?

For many people, two of the most frightening words in the English language are death and taxes. Even among those for whom the words are

Tax button on calculator

TurboTax Discount Code – Free Offer Promotion

Tax preparers usually need a TurboTax discount code to get a great deal on the software for tax season. However, due to a PR mix

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Tax Benefits for Members of the Military

Under normal circumstances, preparing all but the simplest tax returns can be confusing and stressful. For many military taxpayers, there is no such thing as

Is Your ‘Business’ Just a Hobby?

There’s an old Gershwin song that goes, “You say tomato, I say tamahtoe … let’s call the whole thing off.” Taxpayers and the IRS have

tax receipts

To Itemize or Not to Itemize? That Is the Question

Misconceptions are common when it comes to taxes in general, but some aspects of income tax preparation seem to have more than their fair share.

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Don’t Forget to Deduct…

The tax-preparation chain H&R Block is running a commercial this year that invites Americans to “get their billions back.” But what exactly does it mean?

taxes and calculator

Six Common Tax Misunderstandings – and How to Survive Them

During the first few months of the year, I read lots of articles and hear from many readers on the question of income taxes. It’s

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Five Tax Breaks for Parents

There’s a lot to be said about having children; they’re a joy, they’re a handful — and they’re expensive. How expensive depends upon where you


Seven Truths About Self-Employment

It’s three hours until closing time and you’re already counting down. Once the clock strikes 5 p.m., you are ready to race out that door

IRS building

Your Taxpayer Bill of Rights

The majority of taxpayers have long held the belief that they have no rights before the IRS, according to IRS National Taxpayer Advocate Nina Olson.

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