Financial Advice

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  • Advice

    Interpreting the IRS

    Actors' Taxes columnist Chuck Sloan navigates the IRS website and reveals tips for filing taxes.

  • Advice

    Who Can I Trust to Help Me With Filing Taxes?

    I am sure that a significant number of readers will try to prepare their own return this year using computer software. If you do, you won't be alone.

  • Advice

    Don't Estimate Your Expenses

    The IRS is specifically targeting individuals, such as actors, who use significant amounts of miscellaneous deductions on their return.

  • Advice

    Sole Proprietors and the IRS

    The income on your return should include all of your gross receipts. That's all business income including cash, checks, credit card payments, bartering, and, of course, any 1099s you receive.

  • Advice

    Increases in Standard Deductions and Personal Exemptions Lead to Savings

    For most of us, changes in tax laws are usually very few, and their effects are fairly minor, but there are some.

  • Advice

    Lessons to Live By

    I was contacted in early December by a woman who hadn't filed tax returns in the last 10 years, and both the Internal Revenue Service and the state of California wanted to know why.

  • Advice

    Plan for Your Taxes Now

    If you just put a little thought into preparing for tax season now, you may be able to take steps that will put some extra money in your pocket next year.

  • Advice

    Living in New York City on a Modest Budget

    New York City can be one of the most expensive places in the United States to spend a day, let alone live. You can't avoid spending money when you live in New York, but you can always spend it with prudence.

  • Advice

    Intaxication

    Obviously, all taxpayers are looking for a refund, and all too frequently they are willing to be creative to get one. Here are some cautionary tales from years of experience.

  • Advice

    Don't Be Late

    Although we do everything we can to encourage our clients to file their tax returns as early as possible, more than half our business comes in during these last few weeks of tax season.