Ask Dave

Dave has answered thousands of money questions over the years.
Find the answer to your question here.

Taxes

A look at tax day

You remembered to pay your taxes, right? Take a few moments to listen, and enjoy Dave's Tax Day 2018 review from earlier this week.

Access to my checking account?

Ashley wants to know if paying her taxes online will give the government electronic access to her checking account. Dave explains that it will for that transaction, and he details his stance on this sort of thing.

Budgeting for taxes

McKenzie is new at the small business game. She asks Dave how to budget for quarterly taxes and how much to save.

UTMA Means Taxes

Sam asks why Dave recommends the ESA and the 529. Are they like an UTMA? Dave explains the differences.

How Much Should I Withhold for Taxes?

Brandon wants to know if it's better to withhold the maximum from his paycheck and get a big refund or withhold less.

How Long Do I Need to Keep Tax Documents?

Robert asks how long to keep tax documents.

Taking the Tax Hit

Allison says her husband is receiving a $60,000 lump sum as his commission. They aren't sure how to minimize their tax implications. They have no debt other than their mortgage.

Is It Worth a Lawyer?

Shane wonders if it's worth it to pay a lawyer to settle IRS debt. Dave doubts it would be.

Relocation Packages and Taxes

Lucas got promoted with his company, and he had to relocate. His company agreed to buy his previous home. Is there any advantage for him to wait until January for this transaction to take place?

Gifting House Value

Parker loaned his son $10,000 to buy a house. When he loaned the money to his son, he put the house in his name to protect himself. His son paid him off, and he isn't sure how to sign the house over to his son.

‹

2 ›