Most Recent Manage Money News

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....

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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...

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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...

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The IRS Filed a Substitute for Return. Now What? 

The IRS Filed a Substitute for Return. Now What? 

One of the most significant obligations U.S. taxpayers have is to file an annual federal tax return. However, life gets...

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How to Stop an IRS Levy 

How to Stop an IRS Levy 

An IRS levy is one of the most severe collection actions the IRS can take against a taxpayer who owes...

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Are Political Donations Tax Deductible? 

Are Political Donations Tax Deductible? 

Political donations are a vital part of democratic systems, empowering individuals to support their preferred candidates, parties, and causes. As...

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How Does Self-Employment Tax Work? 

How Does Self-Employment Tax Work? 

If you’re self-employed, you likely know that managing your taxes can feel more complicated than simply having an employer deduct...

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How to Earn Money as an IRS Whistleblower 

How to Earn Money as an IRS Whistleblower 

The IRS Whistleblower Program is an initiative that rewards individuals who report tax noncompliance to the IRS, potentially leading to...

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GoFundMe: How are Donations Taxed?

GoFundMe: How are Donations Taxed?

Crowdfunding is the act of funding a project by collecting small donations from a large number of individuals, often via...

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How Long Does an Offer in Compromise Take? 

How Long Does an Offer in Compromise Take? 

If you’re facing significant tax debt and struggling to make ends meet, the Offer in Compromise (OIC) process may offer...

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