21 Quotes by Eric Tyson

A lot of people who get laid off from corporate jobs end up doing some freelance work, ... But people who are coming from a job with a paycheck are not knowledgeable about the expenses they can file on Schedule C. They should familiarize themselves with those deductions. If they have considerable self-employment income, they can set up a Keogh or SEP IRA to shelter some of the income from taxes.

At a lot of Vanguard funds the minimum investment is $3,000. That's a big chunk of money.

There's this idea that you won't get caught, because the vast majority of returns aren't audited. But be careful of people who claim they can get you thousands of dollars back. You never know when you'll be audited.

The key to breaking the cycle for many people is to begin the process of questioning spending, and to not just continue to spend the way you historically have. If you're spending too much and saving too little, clearly you've got to change something.

If you have the choice between enjoying the weather and doing your tax return, it's not a hard choice.

I promise that once you try living with an older fuel-efficient car, cooking instead of dining out five days a week, and paying with cash, you'll realize that you're just as happy as you were in your free-spending old life. In fact, you'll be happier. Less money anxiety and more time spent at home with your family will make the 'sacrifices' seem inconsequential.

Higher income earners are more likely to be audited because there is more tax money at stake, ... The IRS is a business, they have employees and they do not have time to let them audit people if they are only going to earn $2 worth of tax.

If it is a relatively small thing, like you transpose two numbers, that is less likely to trigger an audit than if you omit a large portion of your income,

However, people should do their homework before jumping in with both feet and selling one house to buy another in a completely different part of the country. Make sure you understand all of the pros and cons of places you're considering and that you're not simply falling in love with the concept of a better or easier life.