30 Quotes by Cindy Hockenberry

It all comes down to whether you're defined as a trader or an investor. There's so much misinformation out there on the distinction, because the IRS hasn't really issued definitive guidelines on it.

June is a good time to sit down with your tax practitioner and review things to date. If you wait until later it is going to be harder to catch up.

That's the sweet spot. Then you know you had your money all throughout the year and weren't giving Uncle Sam an interest-free loan.

Sometimes it is fun to go back and look at old tax records. But for reasons other than nostalgia, it's not necessary to hold on to most of your records for more than three years.

People forget about tax credits and they don't take all the deductions to which they're entitled. That happens all the time.

Now, instead of determining whether you provided half this person's support, the test is, did they provide over half of their own support.

A lot of anxiety is created by people when they think about filing their tax return. It's like going to the dentist. Just do it and get it over with.

They need to make sure their payments are on track. There is nothing worse than realizing come April they have underpayment penalties.

It's like giving yourself a raise and it is really the money-smart thing to do.