I Owe the IRS, What Do I Do Now?

I Owe the IRS, What Do I Do Now?

Tips for Managing Your IRS Owed Amount We know owing taxes can be a headache, especially if you don’t have a CPA or tax advisor to walk you through the process. If you fail to pay your taxes, in most cases you will only face interest or penalties, rather than going to...
FAQ on Student Loan Cancellation

FAQ on Student Loan Cancellation

What is the Student Loan Cancellation? Last month, President Biden laid out a plan to cancel up to $20,000 in federal student loan debt per borrower. Beneath this seemingly simple plan comes quite a few questions about how, exactly, it will work. Naturally, borrowers...
The IRS is Watching Cryptocurrency Closely

The IRS is Watching Cryptocurrency Closely

Understanding the IRS’s Approach to Cryptocurrency The IRS wants to know of any bitcoins or other cryptocurrencies you have. It will appear at the top of the first page of your Form 1040, below your address and name. The IRS wants to monitor crypto purchases and...
How to Avoid Tax Scams

How to Avoid Tax Scams

Stay Safe: Your Guide to Evading Tax Scams It can be scary to find out you’ve been the victim of any kind of scam. The world is abounding with scams from all walks of life and some of the scariest are the scams pretending to be the IRS. How on earth do you know...
Expanded Child Tax Credit

Expanded Child Tax Credit

2022 Update on Advanced Payments for the Child Tax Credit 2021 Launch of the Advanced Payments of the Child Tax Credit Unenroll for Advance Payments of Child Tax Credit Maximizing Your Benefits with the Expanded Child Tax Credit  The American Rescue Plan had more...