Ryan McInnis 
If it seems like the IRS has enough forms and tax return schedules to wallpaper your house, it’s because they probably do. Wading through them can feel overwhelming, but they are all important and serve unique purposes. Forgetting to file a certain form or schedule could delay your refund, so it’s important that you know … Read more
It’s a parents job to support their children, and doing so isn’t cheap. In 2015, the U.S. Department of Agriculture reported that raising a child to the age of 17 costs about $233,000. This figure doesn’t take college tuition into account. Fortunately, the IRS understands that children are amazing but expensive creatures. To help offset … Read more
So you went the DIY route and your tax refund is lower than you expected. Your first step is likely to verify that the information you entered into your tax software is correct. If it is, you may have fallen victim to one of several common scenarios that lead to tax refund surprises. Reasons Why … Read more
Death and taxes may be the only two sure things in life, but you can at least get some wiggle room on your taxes. You can achieve breathing room on your taxes through tax deductions, which let you use certain expenses to lower your income and therefore your tax liability. The concept itself is quite … Read more
When you love the work but hate the corporate politics that come with it, life as an independent contractor (IC) is sometimes the perfect solution. As an IC, you set your own pay rate and hours, doing the work your way on your time. Before you clean out your desk and go rogue, however, understand … Read more
We get it — it’s hard to think about future stuff when you’re busy trying to hold it together one day at a time. If you’re facing unemployment, it can feel like you don’t even have today under control, let alone tomorrow. During this difficult time, your unemployment benefits are an absolute blessing, and we … Read more
When you are preparing to file your income taxes in 2021 for the 2020 tax year, it is important to be aware of your federal tax bracket. For 2020, there are seven tax brackets, and you may be taxed at different rates for different portions of your income. The bracket that applies to you depends … Read more
Capital gains taxes are imposed on the profits that you make after selling certain types of assets, like land, businesses or securities like stocks. Most capital gains are taxable income, although the amount of taxes that you pay may depend on different factors, especially your income and the length of time you owned the asset … Read more
Every year, millions save a ton of time and money by filing their tax returns online. Online tax preparation services and software make it possible for people to plan easily for their taxes and to receive their refunds swiftly through direct deposit. Here are seven of the biggest, best options if you are planning to … Read more
Times change, and sometimes the tax law must change with them. A law that was fair and equitable 20 years ago may not work in today’s business environment. From time to time, it becomes necessary to alter the Internal Revenue Code. It was one such alteration that gave us section 1231 of the tax law … Read more
