This will help you decide what to do next.
If you are looking for money to buy a new car or pay off some bills, your 401k retirement savings plan may seem like a pot of untapped gold. But in most cases, breaking into a retirement plan early is a mistake.
Here is a list of the top 10 errors made last year.
When you can claim home improvement deductions.
401k Loans Can Trigger Taxes & Penalties
Here is a list of items that are NOT deductible.
Itemized Deductions or Standard Deduction? What's best for you?
Employ your dependent children. You can reduce your taxable income by employing your children who are under 18.
Is your child working?
Each year, many taxpayers will decide whether to prepare their own tax returns or rely on a professional tax preparer. Should you do your own taxes? Maybe use a software program? Here are 8 questions that you may want to ask yourself before you decide.
Tax Software
Most of us dread the record keeping part of our business. But believe it or not, it does not have to be that bad and it doesn't require an accountant, or even an in depth knowledge of accounting to put a simple and effective system of record keeping into
Some sources of income are not taxable. Don't overpay the IRS by including non-taxable income on your tax return. These are some of the main non-taxable items of income.
Can gambling losses be deducted from gambling winnings?
Is your venture a business or a hobby? It is important that you are aware of the rules.
How long should you keep tax records? If your attic is getting filled up with old records, perhaps this will help.
