What happens if you take your pension early?
The earlier you retire, the fewer years you can save into a pension, and the smaller your pension pot will be. It will also have to last you longer, so if...
When did I buy my first apartment complex?
That junky old house was the first piece of true investment real estate we ever bought. That property kicked off the journey that four and a half years la...
Where do I report 1099-DIV Box 5?
Enter your total capital gains (Box 2a) from all your taxable investments on line 6 of Form 1040 and check the box on that line. Box 5 shows the portion o...
Is South Carolina a tax lien state?
As South Carolina is not a tax lien state, buyers purchase an interest in land, rather than a lien. Investors usually receive anywhere from 3% – 12% back ...
What do I do if someone falsely claimed me as a dependent?
If you know who improperly claimed you or your dependent, you can ask them to file an amended return to fix the problem. This process takes time, though. ...
Does Social Security payments count as income?
Generally, if your Social Security benefits are your only source of income, then they are usually not considered taxable income and thus not taxed. If you...
Do you have to ask questions to get tax deductions?
Many business owners make spending decisions with the hopes that it will be deducted, and yet neglect to ask the question first! According to the IRS, any...
How much do Wag dog walkers make?
Wag cofounder and CEO Joshua Viner told BuzzFeed News that “on average, a walker makes around $17.50 per walk.” Private, professional walkers, however, ca...
When do you have to pay back state taxes?
Hopefully, you have the money available to pay the balance due immediately when you file, but if not, there are always installment payment options that al...
Can I retroactively contribute to IRA?
You get three extra days to file your taxes. Fortunately, however, you can make prior year IRA contributions up until the tax filing date. So if you meant...
