Most Recent Manage Money News

Filing Taxes During a Marriage Separation

Filing Taxes During a Marriage Separation

Key Takeaways:   The IRS considers you married for tax purposes until a divorce or legal separation decree is finalized,...

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IRS Warns of New ‘Notification of IRS Audit & Investigation’ Phishing Scam Targeting Taxpayers 

IRS Warns of New ‘Notification of IRS Audit & Investigation’ Phishing Scam Targeting Taxpayers 

Tax scams are evolving fast, and cybercriminals have found new ways to exploit fear, urgency, and trust. One of the...

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What Happens If You Ignore IRS Collection Letters? The Worst Case Scenario  Optima Tax Relief

What Happens If You Ignore IRS Collection Letters? The Worst Case Scenario  Optima Tax Relief

Key Takeaways  Ignoring IRS letters will not make your tax problem go away; it triggers escalating collection actions and financial penalties. ...

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Tax Filing Tips for Flight Attendants and Pilots 

Tax Filing Tips for Flight Attendants and Pilots 

Key Takeaways:  Pilots and flight attendants face unique tax challenges due to multi-state income, per diem allowances, and frequent travel...

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The Difference Between a Tax Levy and a Tax Lien 

The Difference Between a Tax Levy and a Tax Lien 

Key takeaways  A tax lien is the IRS’s legal claim against your property for unpaid taxes, while a tax levy...

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How to Report Employer Stock Options on Your Taxes 

How to Report Employer Stock Options on Your Taxes 

Key Takeaways:   The tax treatment of stock options depends on their type. Incentive Stock Options (ISOs) may qualify for...

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Why S Corps Get Flagged for IRS Audits  

Why S Corps Get Flagged for IRS Audits  

Key Takeaways:  Unreasonable shareholder compensation is one of the most common S Corp audit triggers; the IRS flags owners who...

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Partial Payment Installment Agreements Explained  

Partial Payment Installment Agreements Explained  

Key Takeaways  A Partial Payment Installment Agreement (PPIA) lets taxpayers pay off IRS debt through affordable monthly payments based on...

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Tax Deductions for Gen Z, Millennials, and Boomers 

Tax Deductions for Gen Z, Millennials, and Boomers 

Key Takeaways:  Tax deductions vary by generation: Each age group, Gen Z, Millennials, and Boomers, has unique tax-saving opportunities based...

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Estimated Tax Payments: What Happens If You Miss a Quarter 

Estimated Tax Payments: What Happens If You Miss a Quarter 

Key Takeaways Missing a quarterly estimated tax payment triggers IRS underpayment penalties and daily compounding interest until the balance is...

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