taxes Archives - The Outlier Model

Why You Shouldn’t Wait to File Taxes (and When You Should)

Tamila McDonald / February 21st, 2018 / No Comments

It is generally accepted that when you file taxes the process can be stressful. It can also be a lot of hard work, regardless of whether your personal financial situation is good or bad. For many people, seeing just how much you owe the IRS can be disheartening. In an effort to delay the unpleasantness, many people forgo filing their taxes until the deadline draws near. But waiting to file isn’t...

The Importance of Planning to File Taxes for Side Income

Chonce Maddox / August 16th, 2017 / No Comments

Earning extra money can be great. If you are an independent contractor, freelancer, or work various different side jobs throughout the year, you’ll need to file taxes on the income you earn as long as you earn more than $600 annually. If you are getting paid via cash, you’ll need to track the income you are earning and your expenses, but if you are being paid via check and taxes aren’t being...

Posted in: Money Tagged with: quarterly taxes, side hustle, side income, tax preparation, taxes

What Happens When You Get Audited By the IRS?

Chonce Maddox / March 22nd, 2017 / No Comments

Tax season is here and some people either love this time of year or hate it. Each year taxes get slightly more complicated for me since I’m not self-employed and recently got married. When changes are made to your income, marital status, or assets, it’s likely that it can affect your taxes. Getting married, changing careers, and buying a house are all reasons to go over your taxes closely...

Posted in: Money Tagged with: tax audit, tax audit story, tax help, taxes

Updates: March 11 – 17

Brian / March 17th, 2012 / 1 Comment

What a week. One co-worker quit, one co-worker pregnant and I got a promotion! Most significant in my every day life, of course would be my promotion – increased responsibility and increased (yet to be determined) salary. Combined with CF’s new job, there is going to be a lot of budgeting and re-budgeting as we figure out how our new financial arrangements will work. In the meantime though,...

Posted in: Weekly Updates Tagged with: money, tax refund, taxes