W2 vs 1099 Pros and Cons: What are the Differences for Employers
In the past, the most common type of work was 9-5 work, where employees would work a set schedule for big corporations. With the explosion of the gig worker economy…
20 Tax Memes That’ll Make You Laugh But Also Probably Cry
If you're supposed to be doing your taxes right now, I've got some bad news for you: reading a list of tax memes isn't technically doing your taxes. Or anything…
W4 vs W2 vs W9 vs 1099 Tax Forms: What Are the Differences?
W-4, W-2, W-9, and 1099 are all tax forms, but they serve very different purposes. Let's compare. W-4 vs W-2 vs W-9 vs 1099 Summary A W-4 form (officially known as “Form…
H&R Block vs TurboTax vs an Accountant: 3 Easy Ways to Do Your Taxes
H&R Block vs TurboTax vs an accountant: We will be looking at the pros and cons of these tax preparation solutions to determine which fits the bill for your tax…
Why You Should Add Strategic Tax Diversification to Your Retirement Portfolio
Have you ever considered the possibility that you may earn a higher income after you retire than you have now? It sounds crazy, I know, but it’s not as uncommon…
Make These Year-End Tax Moves To Reduce Your Taxes
In the grand scheme of things, minor actions can significantly impact your finances and tax situation. To avoid a penalty, you must file your 2022 taxes by April 18th, 2023.…
10 Options for Doing Your Taxes…Yourself!
Am I the only one who gets excited about filing taxes? Yeah, maybe I am. OK, I don't get excited about it either. Sorry. Most people only think about doing…
21 Tax Deductions Small Businesses Need to Know
Did you know you can reduce your liability at tax time by using standard business tax deductions? Tax deductions help small business owners reduce the cost of running their enterprise.…
12 Tax Deductions For Your Small Business
Entrepreneurs have experienced the most intense pangs of rising inflation in thirty years, as evidenced by the surging cost of doing business. According to a Business.org proprietary survey conducted via…
Staying Ahead of Your Taxes as An Independent Contractor
Are you thinking about next year’s taxes? If you’re an independent contractor, you should be. It’s never too early to get your tax documents organized and ready for quarterly filing,…
Legitimizing Your Side Hustle: Is Incorporating Worth It?
A record number of Americans left the traditional nine-to-five workforce this year, and as their side hustles transform into their primary jobs, many are wondering if they should take the…
The Ultimate Guide To Independent Contractor Taxes
Tax season is often the worst time of the year for most people. You have to scramble around trying to figure out stuff like your gross income and tax deductions,…
No Income Tax States: Who Benefits From Living in One
No Income Tax States was written by Riley Adams and originally appeared on Wealth of Geeks. It has been republished with permission. Everyone wants to have lower taxes. Taxes are…
Taxes on Dividends: Answers to 4 Key Questions
Taxes on Dividends was written by Prakash of Dividend Power. It originally appeared on Wealth of Geeks. It has been republished with permission. Dividends are one of my favorite things…
What Happens if You File Taxes Late? Here is the Good News and Bad
What Happens if You File Taxes Late? was written by Riley Adams, and originally appeared on Your Money Geek. It has been republished with permission. Just do it already. Reset…
A 1099 vs W2 Tax Calculation (To Help Estimate Your Potential Tax)
A 1099 and a W-2 are year-end tax forms that report your income to you and the IRS (Internal Revenue Service). That being said, they are also terms that are…
What Is an LLC? And How Is It Different Than a Corporation?
What Is an LLC? And How Is It Different Than a Corporation? was written by me (Joe DiSanto) for Your Money Geek. It has been posted with permission. I know…
How Long to Keep Tax Returns: 7 Questions to Consider
How long to keep tax returns is one of the most asked questions in personal finance. Did you know the average American spends 13 hours every year preparing federal tax…
How to Do Taxes on Your Own: Your Complete Guide
How to Do Taxes on Your Own was written by Riley Adams and originally appeared on Your Money Geek. It has been republished with permission. If you earn a steady…
What Is a Self-Directed IRA Real Estate Investment (and Should You Do It)?
Why would you buy real estate in your IRA? The biggest benefit of a self-directed IRA real estate investment is the awesome opportunity for your money to grow...tax-deferred! Be it…
What Is a Self-Directed 401k?
Will you have enough money in retirement? The Bureau of Labor Statistics found that only 43% of United States workers participate in a retirement savings plan. This survey was actually specific…
How to Do Your Own Taxes (and Save some Money!)
It may seem terrifying at first, but you can learn how to do your own taxes. Let's take a look at what forms you'll need to fill out, tax credits…
How to Pay Less Taxes: 7 Basic Tax Planning Strategies
To hear some folks tell it, low taxes are basically the Holy Grail of personal finance. Those folks just might be right! Over the course of several years, a few…
How to Incorporate Yourself to Save Money (and Protect Your Assets)
So you are a freelancer or independent contractor and you want to know how to incorporate yourself. Smart. My feeling is that if you are self-employed in this way, you're…
The 1031 Exchange Timeline (and All The Other Rules!)
A 1031 exchange timeline is worth investigating and enduring the hassle of abiding by. Here's why... When you sell an investment property at a profit, you typically have to pay…
The 4 Best LLC Formation and Incorporation Services
IncFile vs Legalzoom vs BizFilings vs Zen Business To choose the right LLC formation and incorporation service for you, you need to cut through the clutter of info out there.…
Solo 401k vs SEP IRA: A Comparing For the Self-Employed
Self-employment can offer an excellent work-life balance, as well as other freedoms and lifestyle benefits! Hahaha...wasn't that funny. Seriously though, self-employment will likely be the cause of you working 80…