Teach Me Personal Finance

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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Learn more about your finances here at Teach Me! Personal Finance, with Forrest Baumhover

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

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

Latest Personal finance Articles

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

irs form 8971, information regarding beneficiaries acquiring property from a decedent

IRS Form 8971 Instructions

In 2015, the Surface Transportation and Veterans Health Care Choice Improvement Act created an additional reporting requirement for taxable estates. Not only do executors of the estate above the basic exclusion…

IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes

IRS Form 1098-C Instructions

Contributions of motor vehicles can be a great tax deduction for charitably inclined tax taxpayers who already itemize their tax deductions on income tax returns. But did you know that…

Per Stirpes Vs Per Capita Beneficiary Designations

Beneficiary designations are an important part of estate planning. Even if you have your basic documents, like a last will and testament, at the time of your death, beneficiary designations will…

IRS Form 3800 Instructions

As an incentive for small business owners to create and grow businesses, the Internal Revenue Service allows for certain tax deductions and federal income tax credits. Most of these small…

irs form 9465, installment agreement request

IRS Form 9465 Instructions

If you owe significant back taxes to the federal government, you might not be able to pay the full amount at one time. Fortunately, the Internal Revenue Service may allow…

irs form 8869, Qualified Subchapter S Subsidiary Election

IRS Form 8869 Instructions

When treating an eligible subsidiary as a qualified subchapter S subsidiary, a parent S corporation will file IRS Form 8869 with the Internal Revenue Service. This article will walk you…

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.