Michelle O'Brien

Nov 15, 2016

1099-C Defined: Handling Past Due Debt

So you’ve accrued a bit of debt. It’s not the end of the world. Debt is stressful, overbearing and can build up quickly. When this happens, you may need to eliminate it altogether. In a situation when you need to cancel your debt completely, you would contact your creditor and they’d issue you form 1099-C, as […]

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Oct 18, 2016

What Are Allowances on a W-4?

You must pay tax to the IRS but your W-4 form lets you decide when to pay it. When beginning a new job, you may remember your employer handing over a W-4 form (along with the pile of other paperwork) to fill out. Your W-4 form determines how much tax is withheld from your income […]

Michelle O'Brien

Apr 5, 2016

Do Back Taxes Affect Your Credit Score?

Credit and taxes are both pretty high up there on the adult responsibility ladder. Putting them together kinda makes you want to hide under a rock. Don’t worry. You don’t need to know everything about credit (or taxes) in order to start taking steps in the right direction. You’ll learn what you need to along […]

Michelle O'Brien

Jan 13, 2016

How to Complete a W-4 if You’re Married

Tie the knot in your life and also on your taxes. The honeymoon is over and it’s back to reality. With such a huge change in your life, it’s important to pay attention to how it will affect your taxes. Once the wedding bells in your head subside, update your W-4 form with your employer. […]

Michelle O'Brien

Nov 13, 2015

How to File your First Tax Return

Filing your first tax return is a bit like doing your laundry. You don’t want to do it. You’d prefer someone just did it for you. But if you don’t do it, you know there will be consequences. Unlike laundry, you’ll need to do a bit more sorting, as in sorting through of all those […]

Reporting Dependent Income on My Tax Return

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Oct 28, 2015

Reporting Dependent Income on My Tax Return

Have you been claiming your kid as a dependent since they were in Pampers? If yes, read on… Now your child just got their first job and is earning an income. Great news: you won’t have to pay them a weekly allowance for the sub-par chores they keep complaining about anymore. Not-so-good news: they’ve entered into the […]

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Oct 21, 2015

I’m Divorced: How Do I File My Taxes?

Filing your taxes should not be hard after you divorce. Going through a divorce can be emotionally draining and a financial burden. The good news is that filing your taxes doesn’t have to be. Preparing your tax return is the very last thought on your mind right now. We’re here to help! You can prepare your tax […]

What You Need to Know about Working Remotely Taxes

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Dec 9, 2014

What You Need to Know about Working Remotely Taxes

Working remotely taxes can be confusing, especially if you live in one state and work for a company located in another state. For most, working remotely from home is much more convenient than commuting to a job. There’s no train rides, sitting in traffic or obnoxious co-workers to sit next to. However, trading in your […]

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Oct 23, 2014

Why Did I Receive Form 1099-MISC?

You do not necessarily have to “have a business” to receive a 1099-MISC- you’re still considered “self-employed” by the IRS If you opened up your mail to find a Form 1099-MISC rather than a W-2 form, you may think someone sent you the wrong paperwork. Don’t throw it away. Don’t shred it. Don’t use it […]

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Sep 30, 2014

6 Tax Tips for the Unemployed

As you juggle LinkedIn, classified ads and resume critiques, keep in mind that your unemployment income is taxable. If you’re wondering if you need to file a prior year tax return for a year you were unemployed in, the answer is yes. Don’t look at unemployment as a free pass from taxes. In fact, if you’ve […]

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