Starting a farm? Already keeping a legacy alive? Then you know tax laws for farms are more complex than any new-fangled tractor engine. Even seemingly simple write-offs — like livestock — can operate differently on your return.
Luckily, We’ve got the d…
The last day to file your 2018 tax return is April 15, 2019.
If you’ve procrastinated on completing your taxes for the year, don’t push it off any longer. Here’s why you should not wait until the last minute to start.
Avoid th…
There may be some areas of life in which you can avoid a problem, and it gets better or goes away.
Unfortunately, owing a big tax bill to the IRS is not one of them. In fact, the more you ignore your taxes, the worse they get.
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Tax season is here. In fact, we’re already halfway to the deadline!
If you haven’t filed your tax return yet, don’t fret. TaxAct is ready to make your tax preparation process as simple as possible. In fact, by using tax software, you&…
The IRS recently announced tax penalty relief for taxpayers who didn’t pay enough of their 2018 federal income tax liability last year due to the changes in tax reform.
Penalty Relief Explained
Federal income tax wo…
Side hustles are a smart way to bring in extra money and protect your financial life with multiple income streams. But it can take time and even cost money to build up a consistent side hustle. For instance, you may need to buy a domain name for a webs…
In response to the recent devastation from Hurricane Michael, the IRS extended tax relief to victims of the disaster. The relief extends to all individuals who live in any major disaster declaration area designated by the Federal Emergency Agency. That…
No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining.
But becoming a Meg…
One of the most stressful parts about being a business owner is figuring out how to financially separate your real life and your professional life. As a full-time writer and speaker, I initially struggled to figure out how to draw down a salary and rei…
One thing we know about the most significant tax changes in decades: it will affect your tax return. While other tax code changes throughout the years may have tweaked obscure credits and rules, the tax reform signed into law in December 2017 made chan…
