How the IRS Calculates Interest on Tax Debt
Jul 9, 2025Key Takeaways: The IRS begins charging interest the day after your tax return is due, even if you file for...
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Can You Get a Car Loan With IRS Debt or a Tax Lien?
Jul 7, 2025Key Takeaways: You can get a car loan with IRS debt or a tax lien but expect more scrutiny and...
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Manage Money
Why Did I Owe Taxes This Year? Common Reasons for a Surprise Tax Bill
Jul 4, 2025Key Takeaways: Unexpected tax bills often result from not updating your W-4 form after major life changes or income...
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How to Track Business Expenses for Taxes
Jul 3, 2025Key Takeaways: Tracking business expenses helps reduce taxable income and ensures IRS compliance. Deductible expenses must be “ordinary and necessary”...
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Manage Money
Understanding IRS NFT Reporting Requirements and Compliance
Jul 1, 2025Key Takeaways: The IRS classifies NFTs as digital assets and requires brokers to report NFT transactions under new tax rules...
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Can You Deduct Therapy? | Optima Tax Relief
Jun 29, 2025Key Takeaways: Therapy is tax-deductible if it is medically necessary and provided by a licensed professional. You must itemize deductions...
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How Inherited Property is Taxed
Jun 28, 2025Key Takeaways: You don’t pay income tax when you inherit property, but you may owe capital gains tax if you...
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Manage Money
Top 5 Tips to Avoid an IRS Audit in 2025
Jun 27, 2025Key Takeaways: AI is reshaping IRS audits by detecting income mismatches, suspicious deductions, and multi-year patterns with greater precision. ...
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Manage Money
Can the IRS Take My 401(k)?
Jun 23, 2025Key Takeaways: The IRS can seize your 401(k) if you’re eligible to withdraw funds. Retirement accounts are not immune to...
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Manage Money
Social Security Survivor Benefits and Taxes
Jun 20, 2025Key Takeaways: Social Security survivor benefits provide income to widows and eligible family members based on the deceased spouse’s earnings...
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