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 1099-s, Proceeds from Real Estate Transactions

IRS Form 1099-S Instructions

When selling or exchanging real estate, you may receive a copy of IRS Form 1099-S, Proceeds From Real Estate Transactions. In this article, we’ll walk you through everything you need…
irs form 8995, qualified business income deduction, simplified computation

IRS Form 8995 Instructions

In 2018, the Tax Cuts and Jobs Act (TCJA) introduced a new type of tax deduction for businesses operating as pass-through entities: the qualified business income deduction, or QBI. This…
irs form 4562, depreciation and amortization

IRS Form 4562 Instructions

One of the best opportunities for small business owners to lower their tax burden is by claiming depreciation and amortization expenses on their annual tax return. The Internal Revenue Service…
irs form 1099-nec, nonemployee compensation

IRS Form 1099-NEC Instructions

Many businesses have started reducing business expenses by limiting the number of employees they report wages for on IRS Form W-2. Instead, businesses are increasingly treating more and more workers…
irs form 1099-k, Payment Card and Third Party Network Transactions

IRS Form 1099-K Instructions

In 2021, Congress passed the American Rescue Plan Act, which provided significant changes to the Internal Revenue Code. One of the biggest changes was the introduction of IRS Form 1099-K,…
irs form w-2, wage and tax statement

IRS Form W-2 Instructions

If you’re an employee, you are probably aware of what IRS Form W-2 is. It’s one of the most important tax forms for virtually every taxpayer, and one of the…

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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