Archive | taxes

How to Avoid a Tax Audit in 2020

The Internal Revenue Service is getting more funding in 2020. That’s pretty exciting for taxpayers, as it means more staff to process tax returns and more staff to answer the phone when you have a question. But it could mean that your risk of getting audited will go up too, at least, a little bit. […]

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How to Avoid a Tax Audit in 2020

The Internal Revenue Service is getting more funding in 2020. That’s pretty exciting for taxpayers, as it means more staff to process tax returns and more staff to answer the phone when you have a question. But it could mean that your risk of getting audited will go up too, at least, a little bit. […]

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The Freelancer’s Guide to End-of-Year Tax Prep

I started preparing for next year’s taxes in October of this year. By the first week of November, I sent my CPA a prepared document listing my current business income and expenses (aka a “profit and loss statement”) as well as my anticipated income and expenses for the remaining two months of the year.Read more… […]

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The Freelancer’s Guide to End-of-Year Tax Prep

I started preparing for next year’s taxes in October of this year. By the first week of November, I sent my CPA a prepared document listing my current business income and expenses (aka a “profit and loss statement”) as well as my anticipated income and expenses for the remaining two months of the year.Read more… […]

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How Much Would Joe Biden’s Policies Cost?

Joe Biden has said he’ll make college and healthcare more affordable as president, all while moving the country toward more renewable energy sources. Sounds great! But those changes will come with a price tag to the tune of more than $3 trillion. And after months of criticizing other candidates’ plans as being half-bak…Read more… Continue […]

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How to Actually Estimate Self-Employment Income During Open Enrollment

Shopping for health insurance sucks for everyone, but if you’re self-employed, it super sucks. Trying to estimate unpredictable income is like a high-stakes game of Numberwang where the prize is paying for something that should be free.Read more… Continue Reading at https://lifehacker.com

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How to Use Your Flexible Savings Account to Save Money and Avoid Wasting Benefits

It’s that time of year again: Open enrollment season for your employer benefits, which, if you’re lucky, includes the Flexible Spending Account (FSA). If you’ve always told yourself around this time “I should really take advantage of my FSA” but never do, now’s the time to correct that financial mistake. Having an FSA…Read more… Continue […]

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