The financial markets have been moving in predictable patterns of late, so it can be hard to imagine the panic that sets in when they start behaving more erratically. Panic is a common human emotion, and can easily take hold when we face the prospect of losing money.
Today is the last day to get your taxes filed to the IRS, or file a tax extension, without incurring a penalty that is. You can also receive an extra tax deduction if you open certain retirement accounts. We list out the important details you don’t want to miss, and how you can reduce your […]
Are you sick and tired of hearing about free financial advice that turns out to not really be free? Well a new startup named WiseBanyan could be the solution you’re looking for. WiseBanyan claims to be the world’s first free financial advisor, and offers a new approach to investing. But is it really free? We […]
We all make mistakes. Sometimes, these mistakes are small, so it’s easier to recover from them and move on, determined to avoid the same mistakes in the future. Other mistakes can be costly and harder to recover from. When you invest, it’s important to avoid some of the big tax mistakes that can add up […]
We all want to pay less less, but what’s legal and what’s illegal? There are three basic strategies to pay less taxes and keep more of your money — tax avoidance, tax deferral, and tax evasion. Two are perfectly legal, but practicing one of them could lead to some serious jail time.
This is a very common question that a lot of us face each tax season. Tax software packages can make income tax preparation seem easy. And most of the time it really is. But is there a point where you should lay off the tax software packages and hire an accountant?