What is Behind the Trend in Trade Schools?

What is Behind the Trend in Trade Schools?

What is Behind the Trend in Trade Schools? The education curriculum of a trade school emphasizes on practical training and knowledge for a career than a general education like a traditional college. A couple of reasons why many people are becoming more interested in...
Common Tax Forms Explained: W2, 1099MISC, and W9

Common Tax Forms Explained: W2, 1099MISC, and W9

Tax Form Essentials: W2, 1099MISC, W9 Explained Filing Form W-2 The due date for filing 2018 Forms W-2 is January 31, 2019 whether you file electronically or using paper forms. You may request one 30-day extension to file Form W-2 by submitting a complete application...
How to Make a Profit and Loss Statement

How to Make a Profit and Loss Statement

Profit and Loss Statements: A Path to Financial Clarity A profit and loss statement (P&L or P/L) is a vital document for your business. It is simply a list of your total gross income and expenses. There is no true ‘format’ for a P&L, because each business is...
How to setup a payment plan for your taxes?

How to setup a payment plan for your taxes?

Setting Up Your Tax Payment Plan: A Complete Guide The IRS doesn’t care how they are paid. They will go through hoops to ‘help’ you pay them. You can take a personal loan, or even charge a credit card right on their website to pay in full. Sometimes paying in full is...
Trust, But Verify – Don’t Believe Everything You Hear

Trust, But Verify – Don’t Believe Everything You Hear

Trust, Verify, and Empower: A Modern Approach to Truth I’ve worked for Molen & Associates for more than 20 years. Over the course of my career I’ve learned that the greatest enemies to understanding the federal income tax are unverified sources such as family...
How long should I hang on to my old tax records?

How long should I hang on to my old tax records?

Tax Records Retention: What You Need to Know While this is a straightforward question, there is a standard answer for most people, but others may have reasons to hold onto their records for longer. The easy answer for IRS purposes is 3 years. All you need to do is...