Taxes

Everyone likes to talk a big game about how complex taxes are, but I think they are just trying to sound smart. Sure, they can be complex if you have foreign bank accounts, your own business, or lots of crazy investment schemes going on, but for most people taxes are actually rather simple.

You also don't have to be afraid of the IRS. Never mess with them, and never, ever cheat on your taxes - you will get burned. But they're not going to toss you in prison over a tiny math error, either.

Remember, the IRS will never call you on the phone and threaten to toss you in jail, and the real IRS does not accept or demand iTunes gift cards as payment! If you get a call from someone payment over the phone, it is a scam! 

Articles I've Written So Far:


Taxes for Freelancers - If you are a freelancer, your taxes will be different from those who are employees. Make sure you set aside enough of your freelance income to pay your taxes!

Don't Overpay for Tax Prep - H&R Block, Jackson Hewitt, and Liberty Tax make a lot of money off the working poor. Did you know that you can get your taxes done for free by volunteers through a community program if you are low or middle income?

Good Resources from Around the Web:


Khan Academy's "Basics of US Income Taxes" class
Investopedia's Marginal Income Tax Explained

How to Fill Out your Own 1040-EZ

My hope is to write some articles that are a little easier to understand than these... so bear with me!

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