What is the Foreign Earned Income Exclusion?
Dec 13, 2024The Foreign Earned Income Exclusion (FEIE) is a provision in the U.S. tax code that allows eligible taxpayers to exclude...
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What is a Tax Lien?
Dec 12, 2024A tax lien is a legal claim by a government authority, such as the IRS, against a taxpayer’s property due...
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2025 IRS Tax Inflation Adjustments
Dec 11, 2024The IRS has announced its annual inflation adjustments for 2025, impacting a wide range of tax provisions. These adjustments are...
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2025 IRS Tax Brackets and Standard Deductions
Dec 7, 2024With 2025 on the horizon, taxpayers are beginning to plan for how they will file their returns. The IRS updates...
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What is Currently Not Collectible Status?
Dec 6, 2024When taxpayers are unable to pay their tax liabilities, the IRS offers Currently Not Collectible (CNC) status. This temporarily suspends...
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What is the IRS Federal Payment Levy Program?
Dec 4, 2024The IRS Federal Payment Levy Program (FPLP) is a powerful tool the Internal Revenue Service uses to recover overdue tax...
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Every Tax Deadline You Need to Know in 2025
Nov 27, 2024Knowing important tax deadlines in 2025 is essential for staying compliant and avoiding late penalties. Whether you’re an individual taxpayer,...
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How to Report Passive Income
Nov 25, 2024Passive income includes earnings from sources such as rental properties, limited partnerships, or other enterprises in which you’re not actively...
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How to Fill Out a W-4
Nov 21, 2024When taxpayers report smaller refunds, more often than not, they can be credited to an outdated Form W-4. Unbeknownst to...
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How to Prepare for the New 1099-K Thresholds in 2025
Nov 19, 2024The IRS will enforce new reporting thresholds for 1099-K forms starting in 2025. The changes will impact gig workers, freelancers,...
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