Money

Advantages and Disadvantages of a Bank Loan

Advantages and Disadvantages of a Bank Loan

A bank loan can provide you with cash to fund home improvements, pay for college or take a dream vacation. And unlike riskier loans such as ...

What to Do If Someone Writes a Check Against a Closed Bank Account

What to Do If Someone Writes a Check Against a Closed Bank Account

Paying for goods and services with a check written a closed account is a serious offense that puts the perpetrator in legal jeopardy. If ...

What to Do When a Debit Card Is Charged Twice?

What to Do When a Debit Card Is Charged Twice?

Debit cards work like cash, take the place of a check and are used millions of times each day. They make spending or withdrawing money fast ...

How to Fill Out the 8863 Form

How to Fill Out the 8863 Form

The Internal Revenue Service Form 8863 is used to calculate and claim education credits. For 2012, Form 8863 was used to calculate the ...

Can Someone Take Their Money Back Through PayPal?

Can Someone Take Their Money Back Through PayPal?

PayPal is a versatile payment platform that allows you to do business with people all around the world without risking your personal bank ...

When Does a Money Order Expire?

When Does a Money Order Expire?

A money order is a safe and convenient way to pay bills or send money to someone else. You buy a money order from a place that sells them, ...

How Does IRS Auditing Work and Will I Get My Refund?

How Does IRS Auditing Work and Will I Get My Refund?

An audit occurs when the Internal Revenue Service selects your income tax return for review. During the audit, the IRS will analyze your ...

Single Tax Withholding Vs. Married

Single Tax Withholding Vs. Married

Lots of life changes happen when you go from being single to being married, or when you go from being married to being single. One of those ...

What Happens If the Same Income Tax Return Is E-Filed Twice?

What Happens If the Same Income Tax Return Is E-Filed Twice?

With a double click of the “Submit” button, you could accidentally send your tax return to the IRS twice. When you submit your ...

Can I Claim Rent Payments on My Taxes?

Can I Claim Rent Payments on My Taxes?

Although the Internal Revenue Service allows taxpayers to claim many expenses – medical bills, business expenses and even gambling ...

What Is a K-1 Tax Form in Relation to Inheritance?

What Is a K-1 Tax Form in Relation to Inheritance?

K-1 tax forms can reflect different types of income. The schedule identifies money that passes through one tax entity – the one that ...

What Is S125 on a W-2?

What Is S125 on a W-2?

If you’re enrolled in your employer’s Section 125 benefit plan, your premiums are deducted from your wages on a pretax basis, ...

How Do Two Unmarried People Claim Mortgage Interest for Tax Purposes?

How Do Two Unmarried People Claim Mortgage Interest for Tax Purposes?

Claiming the home mortgage interest deduction can make a big difference when filing your income taxes. But questions about who gets to ...

Senior Citizen Requirements for Filing Federal Income Taxes

Senior Citizen Requirements for Filing Federal Income Taxes

You can't outlive the Internal Revenue Service. No matter how old you are, if you have any income, the IRS may tax at least some of it. ...