Most Recent Manage Money News

What You Need to Know About Underpayment of Tax Penalties

What You Need to Know About Underpayment of Tax Penalties

Taxes are an essential part of a functioning society, providing the government with the necessary funds to provide public services...

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IRS Crypto Enforcement 2025  | Optima Tax Relief

IRS Crypto Enforcement 2025  | Optima Tax Relief

Key Takeaways:  The IRS’s attempt to treat DeFi platforms as brokers was repealed in April 2025, signaling a major shift...

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How Long Can My State Collect Back Taxes? 

How Long Can My State Collect Back Taxes? 

Key Takeaways:  Each state sets its own statute of limitations for tax assessment and collection, typically ranging from 6 to...

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Estate Tax Considerations for Widows

Estate Tax Considerations for Widows

Key Takeaways: Federal estate tax rarely affects widows immediately thanks to the unlimited marital deduction.  The 2025 estate tax exemption...

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Navigating Taxes as a Mobile Bartender or Event Contractor 

Navigating Taxes as a Mobile Bartender or Event Contractor 

Key Takeaways:  All bartender and event income is taxable. Whether you earn money from private events, freelance gigs, or tips,...

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Home Office Deduction: Do You Qualify?

Home Office Deduction: Do You Qualify?

As remote work and small business continue to gain popularity, more individuals are setting up home offices to create a...

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How to Report Rental Income and Avoid IRS Red Flags 

How to Report Rental Income and Avoid IRS Red Flags 

Key Takeaways:   All rental income must be reported—including monthly rent, advance payments, lease termination fees, utility overcharges, and amenity...

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An Overview of Estate & Inheritance Taxes

An Overview of Estate & Inheritance Taxes

Sometimes after a loved one dies, we must deal with grief, funeral planning, and an estate. In some cases, we...

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State Tax Liens vs. IRS Tax Liens: What’s the Difference? 

State Tax Liens vs. IRS Tax Liens: What’s the Difference? 

Key Takeaways:  State tax liens vary widely in how they’re enforced and resolved, while IRS tax liens apply nationwide and...

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When Does the IRS Pursue Criminal Charges?

When Does the IRS Pursue Criminal Charges?

Key Takeaways:  Most IRS interactions are civil, but willful violations of tax law—such as fraud, evasion, or false returns—can lead...

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