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Mortgage Deductions Don’t Exist for Everybody

When I wrote about paying off our rent house, a few people emailed me about the mortgage deduction benefit that we'd be losing.  Luckily, that wasn't ever an issue.  Even with two mortgages, our mortgage interest and other deductions simply never added up to more than...

We Finally Did Our Taxes – Sheesh!

Okay, so we didn't make as much in 2012 as we did in 2011 since Mr. BFS leaped into self-employment too.  But we paid about the same amount in taxes anyway thanks to having to pay the self-employment taxes on everything, which is the employer's part of social security...

Essential Tips to Hiring the Right CPA

A certified public accountant, or CPA, is essential for any entity whether it is for large corporations or for individually run businesses. Having the right CPA under you can help save a lot of money and hassles when it comes to filing taxes. The right accountant will...