Most Recent Manage Money News

What Is an IRS Administrative Appeal?

What Is an IRS Administrative Appeal?

If you’ve been hit with an assessment from the IRS and you disagree with the results, you are entitled to...

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What is the Foreign Tax Credit?

What is the Foreign Tax Credit?

As globalization continues to connect economies and individuals around the world, many U.S. taxpayers find themselves earning income in foreign...

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What is Schedule B? | Optima Tax Relief

What is Schedule B? | Optima Tax Relief

When filing U.S. federal income tax, taxpayers often encounter several forms and schedules that must be completed to accurately report...

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What is the Federal Disaster Tax Relief Act? 

What is the Federal Disaster Tax Relief Act? 

The Federal Disaster Tax Relief Act is a legislative measure proposed by the U.S. Congress to provide tax relief and...

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Am I Responsible for My Spouse’s Back Taxes?

Am I Responsible for My Spouse’s Back Taxes?

When you marry, you often share many aspects of your life with your spouse: your home, your finances, and perhaps...

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What Happens if I Default on My IRS Installment Agreement?

What Happens if I Default on My IRS Installment Agreement?

Entering into an installment agreement with the IRS can provide taxpayers with a manageable way to pay off their tax...

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What is an IRS Appeal? 

What is an IRS Appeal? 

Dealing with the IRS can be tough, and disputes with them can add significant stress to taxpayers. However, the IRS...

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What is the Work Opportunity Tax Credit?

What is the Work Opportunity Tax Credit?

The Work Opportunity Tax Credit (WOTC) is a valuable federal tax credit available to employers who hire individuals from certain...

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Tax Shelters Explained | Optima Tax Relief

Tax Shelters Explained | Optima Tax Relief

Tax shelters have long been a topic of interest and controversy in the world of finance and taxation. They can...

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Gross Income vs. Net Income 

Gross Income vs. Net Income 

Understanding the differences between gross income and net income is essential for managing personal finances and comprehending tax obligations. Both...

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