taxes
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Year-Round Tax Planning Pointers for Taxpayers
IRS Tax Tip Here are some simple things taxpayers can do throughout the year to make filing season less stressful. Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folders. They should add tax records to…
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IRS: Options for taxpayers who need help paying a tax bill
Taxpayers who can’t pay their tax bill by the April 15, 2024, deadline shouldn’t panic – the IRS is here to help. There are several options to help taxpayers meet their obligations. It’s important for taxpayers to file their tax return or request an extension of time to file at IRS.gov/extension by the April 15,…
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Wednesday Workshop: What to Keep and What to Toss Financial Documents
This week we discussed items you should be able to toss, and what items you need to keep around. Remember this information is typical situations, and if you have questions about items you have specifically please reach out to us privately or to your tax or other accounting professional. Recording Guest members and site visitors…
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Podcast: Taxes With A Blind CPA with guest Cody Bair
In this episode of the Penny Forward podcast, hosts Chris Peterson and MOe Carpenter are joined by Cody Bair, a blind CPA from Colorado who specializes in research and development tax credits. With co-host Liz Bottner attending the American Council of the Blind D.C. Leadership Conference, the conversation is focused on understanding taxes from a…
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Wednesday Workshop: Investing Part 2 Getting Started
Simplifying Investing: A Getting Started Guide This week we presented part two of our four-part series on investing. Investing is complex, but we aimed to break it down into simple concepts and steps you could use to get started growing your money. Last week we explained the differences and similarities among stocks, bonds, mutual funds,…
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Podcast: “Taking On Taxes: A Beginner’s Guide To Navigating the World of Taxes” – A Tour of Penny Forward’s Online Course with CEO Chris Peterson.
This week’s episode of the Penny Forward Podcast features a tour of the nonprofit”s first online course, “Taking On Taxes: A Beginner’s Guide To The Foreign Language Of Taxes.” Penny Forward’s CEO, Chris Peterson, provides an overview of the course, which was launched with the company’s membership program in March 2022. The course covers important tax concepts, how…
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What To Do If You’re Missing Tax Forms
Introduction When it comes to filing taxes, having all the necessary documents and information is crucial. However, sometimes you may find that you are missing a W-2 or Form 1099 or that the information on these forms is incorrect. Here’s what you need to do in these situations: Contact your employer, payer, or issuing agency…
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Wednesday Workshop: Filing Your Tax Return
Filing Your Tax Return By now you should’ve received most or all of the forms you need to complete and file your 2022 tax return. This week we talked about how to complete and file a tax return either by doing it yourself or by getting help from a tax professional. We also left time…