The digital age has made many things easier. Everything from checking a bank account, checking your stock values and finding a new financial institution can be accomplished with the click of a button. Even filing taxes is easier in the digital age. However, the nature of the digital age has made a
The Worst Tax Form
When it comes to filling out taxes there isn't much fun in the process. On every tax form, you will have to pay attention to make sure you fill out the form correctly and entirely. Many forms will also require you to look up the actual numbers to support what you are writing on the form. While many
Five Tax Benefits for Sole Proprietors
Sole proprietors are in a good position when it comes to tax because they have a range of benefits exclusive to them. If you are a sole proprietor and you aren’t yet claiming these five tax benefits, you are missing out on a lot of money. Health Insurance Deductions The big benefit you have
Five of the Most Taxing Taxes
Paying taxes is among the most dependable parts of life. But certain taxes are more painful than others. Today we will identify and discuss the five types of tax that Americans hate the most. State Income Tax There’s nothing more annoying than having to pay tax to both your state and the Federal
8 Silly Ways the Government Wastes the Money You Pay in Taxes
The Federal government regularly wastes your money on various causes. In an annual tradition, we get to find out the details behind the government’s wasteful spending habits. Here are the latest silly ways the government has spent your tax dollars. $35,000 on Solar Panels The Agriculture Department
Who Gains from the Electric Car Tax Benefit?
Electric car tax benefits may seem like a green initiative to improve the world. Strange though this may sound, such an impression is actually far from accurate. When we look into the details of these benefits, we can see that the people who benefit the most are high earners. Let’s take a look at
Tax Loss Harvesting Explained
Tax loss harvesting is a tax reduction trick designed to reduce the amount you pay to Uncle Sam. It can be used quite regularly and many investors use it to either postpone or to reduce what they have to pay altogether. Let’s take a look at what tax harvesting is. The Principle The principle of
Things You Should Know About Federal Tax Liens
A tax lien is something that the IRS files against you in order to lay claim to your personal property. You will have a tax lien filed against you when you don’t pay your taxes. Dealing with a tax lien can be quite exhausting and you need to make sure you avoid it. If you are in this position,