self-employment

Who Pays Estimated Taxes and Why?

by Michael on Sep 19, 2013

As I noted a few days ago, estimated tax payments for the 3rd quarter of 2013 were due at the beginning of this week. That’s all well and good, but… Have you ever wondered who has to pay estimated taxes and why? I’ve touched on this in passing, but decided […]

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Estimated Tax Payments Due Soon (Q3 2013)

by Michael on Sep 15, 2013

Yikes. I nearly forgot. Estimated tax payments are due tomorrow (Monday, Sept 16th). And there’s not much I can do about it since I’m currently out of the country. Oh well, I’ll just have to send them in a little late. It’s not the end of the world. Really, it […]

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At the end of last week, I mentioned that estimated tax payments for the second quarter of 2013 are due soon. As I noted in that post, these payments are intended to help you avoid income tax underpayment penalties if you have income that isn’t subject to withholding (self-employment, investing, […]

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Estimated Tax Payments Due Soon (Q2 2013)

by Michael on Jun 7, 2013

As we head into the weekend, I just wanted to remind you that estimated tax payments for the second quarter of 2013 are due in ten short days — on Monday, June 17th (the 15th falls on a Saturday). So why not set aside a few minutes this weekend to […]

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How to Handle a Windfall

by Michael on Jun 3, 2013 · 12 comments

A couple of weeks ago, someone won a nearly $600M jackpot — though it was “only” $380M if they took the lump sum cash option. And then, a few days later, the news broke that Yahoo! was buying Tumblr for cool $1.1B, making their founder fantastically wealthy. Time and again, […]

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What are FICA Payroll Taxes?

by Michael on Jan 21, 2013

As a followup to this morning’s post, it dawned on me that not everyone is an expert on FICA payroll taxes. Thus, I thought I’d expand a bit on exactly what these are. You may have noticed deductions on your paycheck called FICA-OASDI and FICA-HI. These are your Social Security […]

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Life Insurance: How Much is Enough?

by Michael on Oct 10, 2012 · 6 comments

Not quite six years ago, my wife and I bought term life insurance policies. I was reminded of this when the renewal notices showed up in our mailbox this past week. These weren’t the first life insurance policies that we bought, but they’ll probably be our last. Why do I […]

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