A major component of your overall expenses are the various taxes that you must pay. Paying taxes is a fact of life; however, it does not mean you should not be looking for way to reduce your taxes. Articles in this section will help you better understand various taxes and things that you could do to minimize your tax burden. Additionally, check out these related sections: budgeting, smart spending, and insurance and risk management.
Taxes is a subsection of expense management.
This year many individuals are receiving an unexpected new tax form in the mail: the 1099-K. This is a new form that is causing a lot of confusion amongst tax payers. If you received one and [...]
Tax preparation firms offer loans tied to the amount of your Federal or state tax refund so you can spend your refund as soon as your tax return is validated. These refund anticipation loans (RAL), also [...]
For both individuals and small businesses, keeping track of all the important tax and money due dates throughout the year can be overwhelming. Forgetting a deadline is an extremely costly mistake in most cases: you end [...]
Do retirees have to file a federal income tax return? You might think that the days spent filing income tax return each year is behind you once you retired; however, being retired doesn’t necessarily get you [...]
If you hired contractors to perform work for you, you will have to create a 1099-MISC form for each contractor that you paid $600 or more to over the course of the year. These forms have [...]
When you run a home business, there are a number of expenses that you take on yourself. Owning a business means that you take on some expenses, such as paying for your health insurance without help [...]
When you file your taxes by April of every year, do you expect a big refund check? Are you anticipating finally paying off some of those bills with the accrued money the government owes you? If [...]
What could be more stressful than figuring out your income tax? Discovering that you did not pay enough tax this year, and on top of that, many of your exemptions and deductions will no longer be [...]
The following article contains information about the marginal federal income tax brackets for 2011. You’ll need this information to prepare and file your 2011 tax return in early 2012. To the extent that the information in [...]
For all the freelancers, small business owners and self-employed individuals out there, staying on top of when the estimated tax payments are due is important to help you stay within the IRS tax payment guideline and [...]