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

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.

Latest Personal finance Articles

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

irs form 1138, Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback

IRS Form 1138 Instructions

Corporations that expect to incur a net operating loss can file IRS Form 1138 to request a tax extension for paying their prior year tax. By doing this, a corporation…
irs form 8994, employer credit for paid family and medical leave

IRS Form 8994 Instructions

In 2017, the Tax Cuts and Jobs Act provided a new tax credit for employers who pay for employees to take leave to attend to family and medical needs. Employers…

IRS Form W-7A Instructions

If you’re in the middle of adopting a child, but won’t have a Social Security number in time to file your tax return, you may apply for an Adoption Taxpayer…
irs form 8718, user fee for exempt organization determination letter request

IRS Form 8718 Instructions

In recent years the Internal Revenue Service has converted many user fee applications from paper form to electronic through the federal government’s website. However, there are still applications that may…
irs form 8300, report of cash payments over $10,000 received in a trade or business

IRS Form 8300 Instructions

As part of the Bank Secrecy Act of 1970, federal laws require business to report large cash transactions, in excess of $10,000, to the IRS and the Financial Crimes Enforcement…
irs form 1127, application for extension of time for payment of tax due to undue hardship

IRS Form 1127 Instructions

Taxpayers who cannot pay their full tax bill when filing their tax return, or those who receive a notice of deficiency may request a payment extension by filing IRS Form…

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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