Why S Corps Get Flagged for IRS Audits
Oct 24, 2025Key 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
Oct 22, 2025Key Takeaways A Partial Payment Installment Agreement (PPIA) lets taxpayers pay off IRS debt through affordable monthly payments based on...
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Manage Money
Tax Deductions for Gen Z, Millennials, and Boomers
Oct 18, 2025Key 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
Oct 14, 2025Key Takeaways Missing a quarterly estimated tax payment triggers IRS underpayment penalties and daily compounding interest until the balance is...
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How Do Newlyweds File Taxes?
Oct 10, 2025Key Takeaways Newlyweds should promptly update their name and address with the Social Security Administration and IRS to prevent refund...
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How the IRS Finds Out About Your Assets
Oct 8, 2025Key Takeaways The IRS learns about your income and assets through third-party reporting, including W-2s, 1099s, mortgage records, and brokerage...
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Manage Money
How to Request a Tax Transcript From the IRS
Oct 7, 2025When it comes to financial matters, accurate documentation is key. The IRS maintains various types of transcripts that provide a...
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Manage Money
Common IRS Penalties & How to Avoid Them
Oct 4, 2025Owing the IRS doesn’t just stop with your tax balance. If your tax obligations are not met, you could face...
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Manage Money
Will the IRS Negotiate If You Can’t Pay?
Oct 3, 2025Key Takeaways The IRS does negotiate tax bills, but only through structured relief programs—not informal deals. Main options include...
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Manage Money
How to Claim a Home Office Without Triggering an Audit
Oct 2, 2025Key Takeaways The home office deduction does not automatically trigger an IRS audit if you qualify and follow the...
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