I Overstated My Tax Deductions. Now What?
Nov 5, 2024It’s easy to make mistakes when filing taxes, especially when it comes to deductions. You might accidentally overstate your tax...
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What is the Widow’s Penalty?
Nov 3, 2024Losing a spouse is an emotionally overwhelming experience, and unfortunately, for many widows, the challenges extend beyond the realm of...
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Can I Claim My Parent as a Dependent?
Nov 2, 2024Caring for an elderly parent can be a financial toll, especially when you also have children to care for. Claiming...
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My OIC was Rejected. Now What?
Nov 1, 2024If your Offer in Compromise (OIC) is rejected by the IRS, it can feel discouraging, but you still have options....
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Can I Modify My IRS Payment Plan?
Oct 31, 2024When faced with tax debt, an IRS payment plan, also known as an installment agreement, offers a lifeline. It allows...
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My Tax Debt Hit $50,000. Now What?
Oct 30, 2024When your tax debt reaches or exceeds $50,000, the situation becomes more serious with heightened IRS collection efforts and potential...
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The IRS Filed a Substitute for Return. Now What?
Oct 26, 2024One of the most significant obligations U.S. taxpayers have is to file an annual federal tax return. However, life gets...
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How to Stop an IRS Levy
Oct 25, 2024An IRS levy is one of the most severe collection actions the IRS can take against a taxpayer who owes...
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Are Political Donations Tax Deductible?
Oct 24, 2024Political donations are a vital part of democratic systems, empowering individuals to support their preferred candidates, parties, and causes. As...
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How Does Self-Employment Tax Work?
Oct 23, 2024If you’re self-employed, you likely know that managing your taxes can feel more complicated than simply having an employer deduct...
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