Tax Planning
Using This Years Taxes To Save On Next Years Taxes
By Richard Chapo You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year. Using This Years Taxes to Save On Next Years Taxes For most people, preparing and filing taxes is the equivalent of sticking…
Don't Overpay Your Taxes
By Amy F. Goodmann Pay your fair share of taxes and not more. You should be a responsible adult, pull your weight and not shirk your responsibilities. But why overpay your taxes. There can be a number of reasons – or rationalizations. First a person may want to stay on the right side of the…
Tip Earnings and Taxes
by Richard A. Chapo If you work in a service where you get tips, guess what? The IRS expects you to report them and pay taxes on them. The internal revenue service takes a very simple approach to tips. It views all tips you make in your job as taxable income that must be reported and…
Marriage and Taxes
By Richard Chapo Getting married is the greatest day for 50 percent of couples. The other 50 percent get divorced. Perhaps the marriage tax penalty has something to do with it. Family Values – Hardly For all the chatter from politicians about family values, it is ironic that the tax code actually penalizes people for…
Using This Years Taxes To Save On Next Years Taxes
By Richard Chapo You just got done paying taxes or filing an extension and are grumpy. If you are smart, you will use this miserable event to save some cash for next year. Using This Years Taxes to Save On Next Years Taxes For most people, preparing and filing taxes is the equivalent of sticking…
