Every year, I caution people to be careful about preparing their own tax returns. Coming from a tax preparer, this advice may appear self-serving, but it isn't. Just the other day, something happened that called into question the idea, so heavily promoted in TV ads, that doing your own ...
Financial Advice
- Advice
- Advice
The acting world is not a kind one. Variations in income are a regular fact of life. But what if your steady but variable income takes a big hit? Like in half. How do you address that?
- Advice
One of the most important forms you will need for filing your taxes is your W-2 form. Your employer is required by law to provide you with a statement of your earnings and taxes withheld. This statement comes in the form of a W-2, which must be provided to you ...
- Advice
If you have been following the last five weeks of this series and acting on the tasks outlined in each article, you now have an arsenal of information at your fingertips. You know your net worth, you have a budget, you understand the availability of investment and retirement options, and ...
- Advice
We have been exploring aspects of personal finance that have to do with savings, growth, and the future. However, this week's subject, debt reduction, is by far the most important regarding any financial plan that you will create for yourself.
- Advice
You have to pay your agent 10 percent and your manager 10 percent; why not 10 percent for yourself as well? Take that money right off the top and put it away for a rainy day.
- 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
A Tax Credit That May Cost You
Tax credits are supposed to save you money, but thanks to one created in 2009, your refund may be reduced this year, or worse, you may actually owe money on your tax return.
- 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.
- Advice
Like men, all deductions are not equal. Some deductions reduce your income dollar for dollar, while other deductions have limitations and consequently have less value. Still other deductions create credits that either reduce your tax or put extra money in your pocket. In the next few weeks, we'll weave ...
