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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How to File Back Taxes
Nov 15, 2024Filing 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?
Nov 13, 2024Social Security benefits provide a crucial lifeline to millions of Americans, particularly retirees, disabled individuals, and others who rely on...
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Manage Money
What is the IRS Collection Statute of Limitations?
Nov 9, 2024They say that death and taxes are the only two certainties in life. However, taxes are only collectible for so...
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Manage Money
Roth IRA Penalties: What Are They & How Do I Avoid Them?
Nov 8, 2024Roth Individual Retirement Accounts (IRAs) are popular investment vehicles that offer tax advantages for retirement savings. However, it’s crucial for...
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Manage Money
How Much Should I Offer in Compromise?
Nov 7, 2024When 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?
Nov 5, 2024It’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?
Nov 3, 2024Losing a spouse is an emotionally overwhelming experience, and unfortunately, for many widows, the challenges extend beyond the realm of...
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Manage Money
Can I Claim My Parent as a Dependent?
Nov 2, 2024Caring for an elderly parent can be a financial toll, especially when you also have children to care for. Claiming...
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Manage Money
My OIC was Rejected. Now What?
Nov 1, 2024If your Offer in Compromise (OIC) is rejected by the IRS, it can feel discouraging, but you still have options....
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