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

Latest Personal finance Articles

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

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 9779 Instructions

Businesses who wish to pay federal taxes electronically may enroll in the Treasury Department’s Electronic Federal Tax Payment System (EFTPS). To enroll en EFTPS, businesses can complete and submit IRS…

IRS Form 8959 Instructions

As part of the Affordable Care Act, the federal government created an additional tax on Medicare wages above a certain threshold amount. This additional amount of income tax is only…

IRS Form 461 Instructions

In 2017, the federal government changed the tax law to limit the amount of losses a noncorporate taxpayer may deduct from ordinary income. The Internal Revenue Service created IRS Form…

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…

IRS Form 945 Instructions

If you’re trying to report federal tax withheld on non-payroll payments, you may need to file IRS Form 945, Annual Return of Withheld Federal Income Tax. In this article, we’ll…

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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