Now that most of my 1099’s have arrived, I’ll be sitting down to do my taxes soon! Today, PF Pro contributor, Melissa Hoffman takes a look at a few ways you can reduce your tax burden and keep more money in your pocket. As much as you may not want to hear it, we’re well […]
Depreciation is My New Best Friend
I just submitted my taxes and it felt good. The sense of accomplishment this year was especially gratifying because I got a lot of money back. Normally if you get money back it’s because you didn’t do a very good job of calculating your estimated withholding. But 2013 was the first year I got to […]
Why the Average CPA Isn’t Worth the Money
Every year around tax time, I inevitably see lots of articles about maximizing deductions and figuring out ways to get more money back. There are lots of gray areas when it comes to taxes and that opens up lots of possibilities for aggressive filers. But even within the CPA community, there is a lot of […]
Have You Thought About Becoming a Driver for Lyft/Uber?
Exclusively for Lyft Drivers! Sign up with Uber now and get $500 after your first ride and a guaranteed $30/hr until June 30. Sign up here using my referral code. Free Passenger Ride Codes Believe it or not, Uber and Lyft are still giving out tons of free credits to new drivers. If you’re a driver […]
TurboTax 2013 Review and Premier Edition Giveaway
I’m a big proponent of do it yourself financial solutions and when it comes to taxes my feelings are no different. CPA’s and tax professionals are expensive and they probably don’t make sense for about 90% of us. Even though our tax system is pretty insane and convoluted, as long as you understand the basics […]
Special Tax Treatment of an Employee Stock Purchase Plan
If you do your taxes yourself and participate in an employee stock purchase plan(ESPP) you could be making a huge error in the IRS’ favor. Although the ESPP program was discontinued at my workplace this year, one of my co-worker’s recently made this mistake and he’ll have to amend his 2012 return. It all has […]
Do I Save Money by Doing My Taxes Myself?
By now you should have received most of your year-end tax documents. More and more Americans, each year are turning to tax software like TurboTax or H&R Block at home to file our taxes. Software like this has made a once tedious task fairly straightforward. Although the United States tax code now stands at 70,000 […]