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So far cozbycpa has created 229 blog entries.

How Not to Borrow Money

 When it comes to most things in life, there's a smart way to do it and a not-so-smart way, especially when it comes to money. In no particular order, here are some not-so-smart ways to borrow money: Payday Loans - These loans specialize in serving those with few other options. Interest can reach 10-20% per [...]

Some Taxpayers May Need to Amend Their Tax Return

Taxpayers who discover an error after filing may need to amend their tax return. Taxpayers should file an amended return if there's a change in filing status, income, deductions or credits. The IRS may correct mathematical or clerical errors on a return. They also may accept returns without certain required forms or schedules. In these instances, [...]

Estimated Tax Payments

This video was published by the IRS. Our income tax runs on a pay-as-you-go basis. That means we pay our taxes as we earn or receive income during the year, either by having taxes withheld or by making quarterly estimated tax payments. If you have income that's not subject to withholding, you probably need to make [...]

Here’s the 411 on Who Can Deduct Car Expenses on Their Tax Returns

The following article was published by the IRS. Taxpayers who have deducted the business use of their car on past tax returns should review whether or not they can still claim this deduction. Some taxpayers can. Some cannot. Here’s a breakdown of which taxpayers can claim this deduction when they file their tax returns. Business owners and self-employed [...]

Mid-Year Money Checkup

It's well past the middle of 2019, so giving yourself a mid-year financial checkup is well overdue. It doesn't require a lot of time, maybe 30-60 minutes, but it is well-worth your time. Here are the steps you should take: Review Your Goals - Whether it's beefing up your savings, paying off some debt, or saving [...]