No matter who prepares your return you are responsible for the information on your income tax return.
Most people claim the standard deduction when they file their federal tax return because it’s easier and requires less effort, but you may be able to lower your tax bill if you itemize.
Not everyone is required to file a tax return. Most people file a tax return because they have to.
All income is considered taxable unless a law specifically says it isn’t.
The most common IRS scams are phone calls and emails from thieves who pretend to be from the IRS.
Mutual fund companies send out annual statements the end of January. In addition, you should have received your 4th quarter report for 2016.
So when do you sell your mutual fund? The number one reason to sell is when your goals or objectives are met and you need the dollars to pay for the goal.
A benchmark is a standard used for comparison. You will want to learn how to compare your mutual fund to a benchmark so you can tell how well your fund is doing.
There are over 9,000 mutual funds and ETFs in the U.S. to choose from and you will need a disciplined process to whittle down the number to something that is manageable.
Valentine’s Day is tomorrow! And if you are thinking of taking your sweetie out to dinner it may already be too late to make a reservation.