Most Recent Manage Money News

How to File Back Taxes 

How to File Back Taxes 

Filing back taxes may seem overwhelming, but catching up is essential to avoid penalties, interest charges, and potential legal consequences....

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Can the IRS Take My Social Security? 

Can the IRS Take My Social Security? 

Social Security benefits provide a crucial lifeline to millions of Americans, particularly retirees, disabled individuals, and others who rely on...

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What is the IRS Collection Statute of Limitations?

What is the IRS Collection Statute of Limitations?

They say that death and taxes are the only two certainties in life. However, taxes are only collectible for so...

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Roth IRA Penalties: What Are They & How Do I Avoid Them?

Roth IRA Penalties: What Are They & How Do I Avoid Them?

Roth Individual Retirement Accounts (IRAs) are popular investment vehicles that offer tax advantages for retirement savings. However, it’s crucial for...

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How Much Should I Offer in Compromise? 

How Much Should I Offer in Compromise? 

When facing substantial tax debt, an Offer in Compromise (OIC) can be a potential lifeline for resolving outstanding liabilities. The...

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I Overstated My Tax Deductions. Now What? 

I Overstated My Tax Deductions. Now What? 

It’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?

What is the Widow’s Penalty?

Losing 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? 

Can I Claim My Parent as a Dependent? 

Caring 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? 

My OIC was Rejected. Now What? 

If 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? 

Can I Modify My IRS Payment Plan? 

When faced with tax debt, an IRS payment plan, also known as an installment agreement, offers a lifeline. It allows...

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