Most Recent Manage Money News

What is Form 1099-K? | Optima Tax Relief

What is Form 1099-K? | Optima Tax Relief

Key Takeaways  Form 1099-K reports certain payment card and third-party network transactions, but receiving one does not automatically mean you...

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IRS Automated Collection System: What You Need to Know 

IRS Automated Collection System: What You Need to Know 

Key Takeaways   The IRS Automated Collection System is a centralized IRS collection function that handles certain cases involving unpaid federal...

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Do I Need a Tax Attorney?

Do I Need a Tax Attorney?

Key Takeaways   Do I need a tax attorney? Not necessarily. Routine tax preparation, straightforward filing questions, and uncomplicated tax planning...

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What Uber Drivers Can Deduct 

What Uber Drivers Can Deduct 

Key Takeaways  Uber drivers are generally self-employed independent contractors and must report their Uber income and pay applicable federal income...

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What Tax Bracket Am I In? Complete 2026 Guide 

What Tax Bracket Am I In? Complete 2026 Guide 

Key Takeaways   What tax bracket am I in? Your 2026 federal tax bracket depends on your taxable income and...

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How Long Does It Take to Fix Tax Identity Theft? 

How Long Does It Take to Fix Tax Identity Theft? 

Key Takeaways   Tax identity theft can take 19 to 20 months to resolve on average, despite the IRS’s stated 120-day...

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What Does IRS Notice CP53E Mean? A Complete Guide for Taxpayers 

What Does IRS Notice CP53E Mean? A Complete Guide for Taxpayers 

Key Takeaways   IRS Notice CP53E means the IRS could not issue your tax refund by direct deposit due to incorrect,...

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Can You Have Multiple Payment Plans With the IRS? 

Can You Have Multiple Payment Plans With the IRS? 

Key Takeaways  No, you generally cannot have multiple payment plans with the IRS. Most taxpayers are limited to one active installment agreement,...

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SALT Deduction Changes 2026: What’s New and Who Benefits 

SALT Deduction Changes 2026: What’s New and Who Benefits 

Key Takeaways  The SALT deduction 2026 limit increased to $40,400 under the One Big Beautiful Bill Act (OBBBA), allowing many...

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IRS CP504 vs. LT11: What’s the Difference?

IRS CP504 vs. LT11: What’s the Difference?

Key Takeaways   CP504 vs. LT11: A CP504 is a serious warning that the IRS intends to levy your state tax refund and...

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