Financial Advice

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  • Advice

    New Year, New Start

    If you're taking the time to read this column this early in the year, then congratulations on your wisdom in wanting to be prepared.

  • Advice

    Finding a Good Preparer

    I lost money because my preparer didn't know how to make the best use of deductions on my tax return. The returns weren't wrong; they just weren't as right as they could have been.

  • Advice

    Some Tax Myths Debunked

    This week I thought I'd take on a few durable tax myths. Free yourself of these misconceptions, and your filing can be a much happier and more productive experience.

  • Advice

    Warm in the Winter Years

    You've worked so hard, you've had a good life, you are ready to relax a bit and enjoy yourself. But wait! You have nothing to retire on. You've not had a plan in place.

  • Advice

    It Ain't Over 'Til...

    Yes, the income tax filing season is over—for those of us who are in the income tax preparation line of work and for you, too. Or is it? You have put together all those slips of paper reflecting wages or independent-contractor income or interest income or dividend income, and ...

  • Advice

    Audit- Da-Fé

    I am sure you are aware that the Internal Revenue Service audits tax returns. This is just to make sure we are telling the truth on our returns. The IRS uses these audits to collect data on how honest the public is in filing its tax returns. If there are ...

  • Advice

    How Has the Recession Affected Your Career?

    "Like most actors, I survive financially from a balance of extra work and survival jobs. But when the work slowed down, I had to make tough choices." -- James Pass, Los Angeles

  • Advice

    Time To Change?

    In a few more days, we'll have a brand new president. Whether it's going to be for the good or bad depends on how you feel about many things. We can be fairly sure he'll propose some changes to the tax laws and other financial administrative matters ...

  • Advice

    Congress Can Procrastinate, But You Shouldn't

    Despite what most people think, the Internal Revenue Service does not make the rules that it enforces.

  • Advice

    'Tis the Season to Get Prepared

    Acting opportunities slow down during the holiday season. You should use some of this available time to get started compiling your tax data. Better preparation leads to a larger refund, and most performers can always use more income.