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Taxes

Tax Planning Spreadsheet Financial Spreadsheet

Updated Financial Planning Spreadsheets

In order to keep track of my finances I utilize several financial planning spreadsheets that I have built over the years.  Over the past few months I have made some substantial improvements to these spreadsheets and have decided that it would be a good idea to offer them for purchase …

marriage penalty

Marriage Penalty or Windfall?

I don’t think that getting married should affect your tax situation either way, but our tax code is a monster containing many latent effects from numerous revisions and additions over time. How much of a difference can getting married actually make in your tax return? It depends mostly on how …

Tax Auction 1

How To Buy a House at the Tax Auction

It’s that time of the year again, when houses, land and businesses are sold by the county for back taxes owed.  I am not getting into the politics of the county tax auction system, but I will mention that there are some people who have reservations about the concept of …

pay taxes on side income

Do I Have to Pay Taxes on Side Income?

I come across many people who make money in ways other than a job with a paycheck. The subject often comes up whether on not they should pay taxes on side income. The IRS states you must file a 1040 if ANY self employment tax is owed, and since they …