Have a Sunnier Tax Season with These Summertime IRS Tax Tips

The following article was published by the IRS. Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember to file a return to get a …

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How to Save Money Like a Minimalist

Ready to get serious about saving money or getting out of debt? While minimalist living isn't for everyone, it can be the means to an end if you're tired of living paycheck to paycheck. If you need ideas of how to creatively save money, this video has 40 money-saving strategies! Some are relatively easy while …

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Updated Pub Helps Taxpayers Understand an Offer in Compromise

The following article was published by the IRS. The IRS just issued an updated publication with information for individual taxpayers and business owners unable to pay their taxes. This electronic pub, Offer in Compromise Booklet (PDF), helps people understand how an offer in compromise works. An offer in compromise is an agreement between a taxpayer …

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Here’s What People Should Know about Taking Early Withdrawals from Retirement Plans

The following article was published by the IRS.  Taxpayers may need to take money out of their individual retirement account or retirement plan early. However, this can trigger an additional tax on top of other income tax they may owe. Here are a few key things for taxpayers to know: Early withdrawals. An early withdrawal …

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QuickBooks Online: How to Record Spending

While QuickBooks can automate the process to record and categorize most of your spending, you should still enter some transactions manually to ensure accurate records. By connecting your bank and credit card accounts, you do not have to manually enter credit or debit card charges, EFT/bank/wire transfer charges, or bank service fees. But you should …

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