Financial Advice

Sort by:

  • Advice

    Different Deductions

    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 ...

  • 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

    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

    Saver the Feeling

    It is time to save money for yourself and have Uncle Sam help you with your savings account by giving you a credit for money you have "invested" in yourself. The Internal Revenue Service has come up with a good deal for those of us who can put some money ...

  • 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

    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

    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

    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

    Congress Can Procrastinate, But You Shouldn't

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