Articles By Kristine McKinley

Many people ask me if they are required to report the profits they earn on items they sell on eBay on their income tax return. In short, yes.

One of the questions I hear most often from eBay sellers is how to value inventory for purposes of preparing their tax return, especially if it was purchased at a garage sale, or if you used the item before you sold it on eBay.

Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business. A hobby is an activity that you do simply because you love doing it, but it may also earn you some income. That income must be reported on your tax return, even if it is just a hobby.

Ah the holidays... a time for parties, over eating, and over spending. Americans routinely overspend during the holidays, often resulting in increasing credit card debt to go along with that increasing waistline from too much pumpkin pie. Here are ten tips to help you save time, money and stress this shopping season:

Most parents want to pay for their children’s college education, or at the very least help pay for college. Paying for both college and retirement will be challenging for most parents. Here are some suggestions to help you to achieve both goals:

Lack of cash flow planning is the reason why many businesses fail. In fact, many PROFITABLE businesses fail because of cash flow issues. Without adequate cash flow, you can’t pay your bills and you can’t make plans for your business.

Building a comfortable retirement nest egg is easier than you think. Here are five steps to help you build a comfortable retirement.

Saving for retirement is even more important for solo-entrepreneurs because you don't have a company sponsored pension plan or matching 401K contributions to rely on. There are many retirement plans available to self employed individuals and small businesses. Which one is right for you?

Is it better to invest in a 401K or Roth IRA account to save for retirement?

How many times have you done your taxes, and a week or a month later realized you forgot a deduction? Here are the top 5 overlooked tax deductions.