Most Recent Manage Money News

Can the IRS Take My Social Security? 

Can the IRS Take My Social Security? 

Social Security benefits provide a crucial lifeline to millions of Americans, particularly retirees, disabled individuals, and others who rely on...

  • 118
What is the IRS Collection Statute of Limitations?

What is the IRS Collection Statute of Limitations?

They say that death and taxes are the only two certainties in life. However, taxes are only collectible for so...

  • 120
Roth IRA Penalties: What Are They & How Do I Avoid Them?

Roth IRA Penalties: What Are They & How Do I Avoid Them?

Roth Individual Retirement Accounts (IRAs) are popular investment vehicles that offer tax advantages for retirement savings. However, it’s crucial for...

  • 115
How Much Should I Offer in Compromise? 

How Much Should I Offer in Compromise? 

When facing substantial tax debt, an Offer in Compromise (OIC) can be a potential lifeline for resolving outstanding liabilities. The...

  • 123
I Overstated My Tax Deductions. Now What? 

I Overstated My Tax Deductions. Now What? 

It’s easy to make mistakes when filing taxes, especially when it comes to deductions. You might accidentally overstate your tax...

  • 109
What is the Widow’s Penalty?

What is the Widow’s Penalty?

Losing a spouse is an emotionally overwhelming experience, and unfortunately, for many widows, the challenges extend beyond the realm of...

  • 124
Can I Claim My Parent as a Dependent? 

Can I Claim My Parent as a Dependent? 

Caring for an elderly parent can be a financial toll, especially when you also have children to care for. Claiming...

  • 142
My OIC was Rejected. Now What? 

My OIC was Rejected. Now What? 

If your Offer in Compromise (OIC) is rejected by the IRS, it can feel discouraging, but you still have options....

  • 110
Can I Modify My IRS Payment Plan? 

Can I Modify My IRS Payment Plan? 

When faced with tax debt, an IRS payment plan, also known as an installment agreement, offers a lifeline. It allows...

  • 114
My Tax Debt Hit $50,000. Now What? 

My Tax Debt Hit $50,000. Now What? 

When your tax debt reaches or exceeds $50,000, the situation becomes more serious with heightened IRS collection efforts and potential...

  • 106