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My #1 goal is to make it easy to learn about personal finances.
I believe smart money decisions come from being informed about your choices.

Tax Topic 203-A Guide to Tax Refund Offsets

What is Tax Planning: A Comprehensive Guide (2023)

Hi, I’m Forrest Baumhover

Learn More About Money, Tax planning, and Social Security

I’m a Certified Financial Planner, tax practitioner, retired Navy veteran, and writer. I love to write articles on financial topics that help everyday people learn more about money. I especially like to explore financial planning subjects that no one else has tackled before, and help people with financial questions they haven’t found the answers to.

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Tax Planning

Tax planning is fundamental to financial planning. These articles outline how to achieve your financial goals without paying more taxes than you have to.

Are Trustee Fees Subject to Self-Employment Tax?

5 Crucial Tax Tips For Horse Owners

9 Questions to Ask Your Tax Advisor Before Tax Season

Tax Gain Harvesting: When To Trigger Short-Term Capital Gains

Latest Personal finance Articles

My most recent personal finance tips, tutorials, and tax walkthroughs.

irs form 8582, passive activity loss limitations

IRS Form 8582 Instructions

IRS Form 8582 is used by noncorporate taxpayers to report passive activity losses for the current tax year. This form also allows the taxpayer to report the application of previously…

irs form 8283, noncash charitable contributions

IRS Form 8283 Instructions

Since the passage of the Tax Cuts and Jobs Act (TCJA) significantly increased the standard deduction, fewer taxpayers itemize their deductions on their income tax return than ever before. For…

irs form 966, corporate dissolution or liquidation

IRS Form 966 Instructions

Not all companies will last forever. For any number of reasons, some companies end up being dissolved or liquidated by its shareholders. Depending on the situation the company is in,…

irs form 8832, entity classification election

IRS Form 8832 Instructions

If you’re seeking a new classification for your business, or want to ensure that the Internal Revenue Service (IRS) recognizes your newly formed entity for tax purposes, then you’ll want…

irs form 8615, Tax for Certain Children Who Have Unearned Income

IRS Form 8615 Instructions

If you’re the parent of a child with significant amounts of unearned income, your child might be subject to kiddie tax rules. Additionally, you may need to file IRS Form…

irs form 3911, taxpayer statement regarding refund

IRS Form 3911 Instructions

If you were expecting a tax refund but have not received it, the IRS has several options available to you. You can contact the United States Internal Revenue Service by…

Social Security

Read these in-depth articles to learn more about how to make the most of your Social Security benefits.

Retirement Planning

Retirement planning is a fundamental part of the financial planning process. Learn about helpful and actionable insight on how to plan your retirement.

Defined Benefit vs Defined Contribution Plans

7 questions to ask a financial planner about retirement

7 Critical Questions to Ask a Financial Planner About Retirement

Why Is Retirement Planning Important? A Guide (2023)

Estate Planning

Retirement planning is a fundamental part of the financial planning process. Learn about helpful and actionable insight on how to plan your retirement.

Estate Planning For Business Owners-7 Considerations

Estate Plan Review: 9 Critical Items to Include

Per Stirpes Vs Per Capita Beneficiary Designations

Divorce Planning

Retirement planning is a fundamental part of the financial planning process. Learn about helpful and actionable insight on how to plan your retirement.

Can My Husband Legally Withhold Money From Me?

Health Insurance After Divorce-What You Should Know

Divorce Financial Affidavit: How an Ex Can Hide Income

Investment Planning

Retirement planning is a fundamental part of the financial planning process. Learn about helpful and actionable insight on how to plan your retirement.