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.

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 exploring financial planning subjects that no one else has tackled before, writing about IRS tax forms, and helping people with financial questions they haven’t found the answers to.

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.

Latest Personal finance Articles

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

irs form 8966, fatca report

IRS Form 8966 Instructions

The Foreign Account Tax Compliance Act (FACTA) was passed to reduce tax evasion by requiring U.S. taxpayers to report worldwide income and assets held in foreign financial accounts. As part…
irs form 1099-h, Health Coverage Tax Credit (HCTC) Advance Payments

IRS Form 5754 Instructions

If you’ve recently won the lottery or bet on the horses with some friends, you might be asked to complete IRS Form 5754 by the state gaming commission or by…
irs form 14039-b, business identity theft affidavit

IRS Form 14039-B Instructions

Business owners who believe their sensitive information has been stolen may need to report cases of identity theft to the Internal Revenue Service. You can do this by completing and…
irs form w-4s, request for federal income tax withholding from sick pay

IRS Form W-4S Instructions

If you are expecting to receive a significant amount of sick pay from your employer, it might be a good idea to complete IRS Form W-4S, Request for Federal Income…
irs form 15101: provide a social security number (SSN) for adoptive child

IRS Form 15101 Instructions

Taxpayers adopting a child may obtain a temporary adoption taxpayer identification number (ATIN) for tax purposes. After the adoption is final and their child has a Social Security number, they…
irs form 1138, Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback

IRS Form 1138 Instructions

Corporations that expect to incur a net operating loss can file IRS Form 1138 to request a tax extension for paying their prior year tax. By doing this, a corporation…

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.

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