New York City was built on the backs of working-class New Yorkers; people like my mother, Dorothy Mae Adams, a single mother who worked multiple jobs to support my five siblings and myself. She sacrificed everything for us, and I know that there are thousands of New Yorkers...
What are my choices if I want to file my taxes by myself? If you’re old-school and prefer to fill out and mail a paper copy of your return, free tax forms are often available at your post office, office supply store, or local library. You can also download and/or print any need...
Taxes for bloggers should be handled as if you're running a small business. Here's my detailed guide on how to do taxes on blog income (and blog tax tips).
When it’s time to file taxes, you will report your salary from your W-2 on your individual tax return. Your portion of theFICA taxeswill automatically be taken out of your salary by your bookkeeper or payroll service. The S corp will file its own tax return that reports business income...
Do I need an accountant, or can I do it myself? This all depends! Are you confident with numbers, math, and organization? Are your business’s finances manageable for just a single person? Do you plan to use online accounting software to take care of the accounting basics and lighten th...
Can I Do a Financial Checkup by Myself? If your finances aren't particularly complicated, you should be able to perform a financial checkup on your own. However, the more complex your financial life is, the more likely that you'll benefit by engaging a financial planner or other experts...
“Parent passed away. Older sibling is Executor, but not beneficiary of life insurance. I’m the sole beneficiary. Can I file the claim myself? If so, do I have to wait for probate? What happens if the Executor tries filing the claim? Would the life insurance company pay out to the ...
How Can I Protect Myself Against a Deficiency Judgment? You may be able to negotiate another repayment arrangement with the lender or challenge the deficiency judgment in court. Personal bankruptcy is another option, although it can have long-term consequences and shouldn’t be entered into without...
Can you contribute to an HSA outside of an employer plan if you are self-employed or your employer doesn’t offer health insurance? And can you still deduct your HSA contributions? I was confronted with that question by a reader, Melissa, in a post comment a while back: ...
but I thought the expense was justified — until I found some serious errors in my tax return that, had I not caught them, would have cost me as much as I was paying my accountant. At that point, I realized that I could do my taxes myself and save the money I was paying an acco...