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.

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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.

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Latest Personal finance Articles

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

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irs form 56-f, notice concerning fiduciary relationship of financial institution

IRS Form 56-F Instructions

Federal law allows for the appointment of conservators or fiduciaries in the case of businesses that become insolvent or cannot handle their own financial affairs. Fiduciaries for financial institutions must…
irs form 8850, pre-screening notice and certification request for the work opportunity credit

IRS Form 8850 Instructions

If you’re a member of a targeted group for Work Opportunity Tax Credit purposes, and you’re applying for a new job, you may be asked to complete IRS Form 8850,…
IRS Form 8886, Reportable Transaction Disclosure Statement

IRS Form 8886 Instructions

The Internal Revenue Service defines certain transactions to be reportable for federal income tax purposes. Taxpayers who participate in reportable transactions must report them on IRS Form 8886, Reportable Transaction…
irs form 4952, investment interest expense deduction

IRS Form 4952 Instructions

In light of the Tax Cuts and Jobs Act, more and more people are taking the standard deduction on their federal returns than before. If you itemize your deductions on…
irs form 8990, Limitation on Business Interest Expense Under Section 163(j)

IRS Form 8990 Instructions

Although interest expense has long been tax deductible for businesses, there is a limit to the amount of business interest expense that the Internal Revenue Service will allow each year….
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…

Social Security

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

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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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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.

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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.

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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.

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