One of the most confusing things about our tax code is the Alternative Minimum Tax (AMT). As the name suggests, the AMT is alternative method of figuring your tax. In order to determine whether or not ... Read More about What is the Alternative Minimum Tax and How Does It Work?
The tax code is one of those things that never seems completely clear. You may know that there are different tax brackets, but you’re not sure how that affects what you pay each April. Add in the ... Read More about What Is Your Effective Tax Rate?
When you sell an investment for more than you bought it for, the government wants a cut of the gains. You are required to pay taxes on your gains when you realize them, understanding that there are ... Read More about How Capital Gains Taxes Work
With tax day behind you it can be easy to forget about all of that paperwork until next year. You can't just stuff the tax return in a drawer for the rest of time because you'll eventually run out of ... Read More about How Long to Keep Tax Records
It's only been a few weeks since many people rushed to file their taxes before the tax deadline in April. Were you surprised this year at how much you got back from the government? Or did you end up ... Read More about How to Adjust Your Federal Income Tax Withholding on Your Paycheck Using Form W-4
Actually, I don't need my tax refund, not right away anyhow. But I've been hearing this comment frequently since tax season started, and even more frequently since the IRS announced the tax refund ... Read More about I Need My Tax Refund!
Starting this year, for tax year 2011, there is a new 1099 form in town. Many of us are already familiar with the 1099-MISC, especially if we work from home as contractors. The 1099 is meant for ... Read More about Are You Ready for the New 1099-K?
The end of the year is rushing to a close, which means now is the time to finish your plans for saving money on your taxes. While there are some things you can do after December 31st to lower your tax ... Read More about Year End Tax Tips
I am old enough to remember Steve Forbes’s failed bids for the presidency back in 1996 and 2000, and young enough to have thought that his flat tax plan (which was the cornerstone of his campaign) was ... Read More about An Explanation of the Flat Tax Proposals
Now that the year is almost spent, many people are trying to figure out what they can do to reduce their tax liability. Now is a good time to prepare your finances for the end of the year, and try to ... Read More about Open These Accounts Now to Reduce Your Tax Liability