Most Recent Manage Money News

Is Overtime Pay Taxed?  | Optima Tax Relief

Is Overtime Pay Taxed?  | Optima Tax Relief

Overtime pay is an integral part of many workers’ compensation packages, offering earnings for putting in extra hours beyond the...

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How Does a Home Foreclosure Affect Your Taxes? 

How Does a Home Foreclosure Affect Your Taxes? 

Home foreclosure is a difficult and often overwhelming experience. Beyond the emotional and financial strain of losing your home, a...

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Can the IRS Suspend Your Licenses? 

Can the IRS Suspend Your Licenses? 

The IRS holds significant power when it comes to enforcing tax compliance. From wage garnishments to levies on property, the...

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What is a Trust Fund Recovery Penalty? 

What is a Trust Fund Recovery Penalty? 

The Trust Fund Recovery Penalty (TFRP) is an enforcement tool used by the IRS to ensure the proper handling of...

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How to File Taxes If Your Spouse or Dependent is Incarcerated

How to File Taxes If Your Spouse or Dependent is Incarcerated

Filing taxes can be a complex process, and it becomes even more challenging when your spouse or dependent is incarcerated....

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Are Wedding Expenses Tax Deductible? 

Are Wedding Expenses Tax Deductible? 

Weddings are significant life events, often accompanied by substantial expenses. As couples plan their big day, a common question arises:...

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What To Do If You Receive IRS Notice CP14 

What To Do If You Receive IRS Notice CP14 

Receiving an IRS Notice CP14 can be stressful, but understanding what it means and how to respond is the first...

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What are Qualified Charitable Distributions? 

What are Qualified Charitable Distributions? 

Qualified Charitable Distributions (QCDs) are a powerful tax planning tool for individuals who wish to support charitable organizations while managing...

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2024 Q4 Estimated Tax Payments Are Due. Are You Prepared? 

2024 Q4 Estimated Tax Payments Are Due. Are You Prepared? 

Estimated tax payments play a critical role in helping taxpayers meet their annual tax obligations. For many individuals, including the...

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Avoid Penalties and Legal Risks

Avoid Penalties and Legal Risks

Filing tax returns is a fundamental responsibility of every taxpayer, yet many individuals find themselves with unfiled tax returns. This...

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