The Internal Revenue Service (IRS) has been working to assist taxpayers who owe back taxes. On December 19, 2023, they announced a new penalty relief for approximately […]
IRS Tax Penalty Relief: Do You Qualify? Read More
The information in this article is up to date for tax year 2023 (returns filed in 2024). 2024 brings tax law changes to the Premium
New Tax Laws 2023: What to Know Before Filing in 2024 Read More
An estimated 57 million to 75 million people join fantasy football leagues through hosting sites like DraftKings, Yahoo!, ESPN, and FanDuel every year. Just like
Do I Have to Pay Taxes on Fantasy Sports Winnings? Read More
If you’ve sold stocks within the past year, it’s important to know about Form 8949. This form is used to report the sale and exchange
How to Use Form 8949 To Report Capital Asset Sales Read More
A wash sale typically occurs when an investor sells a stock and then repurchases it (or one similar to it) at the same price. Since
What is the Wash Sale Rule? Read More
When you’re checking your refund status using the IRS’s Where’s My Refund tool, you may see a message referring you to Tax Topic 152 or
Tax Topic 152 and 303: Why Is My Refund Delayed? Read More
Withdrawing money from a qualified retirement plan or IRA is tempting when you’re in need of money for medical bills, home improvement projects, major purchases,
How Is an Early Retirement Withdrawal Taxed? Read More
Changes for the 2022 tax year reflect recent economic changes and some tax law reversals as COVID-19 related tax relief is winding down. Here’s a
New Tax Law Changes & Updates For 2023 Read More
As pandemic-related financial support is phasing out, the Biden-Harris Administration is implementing an extensive plan involving several forms of student debt relief. Borrowers can receive
Student Loan Relief Plan: Can I Get My Student Loan Forgiven? Read More
The information in this article was last updated on Aug. 10, 2021. This article relates to the tax laws enacted during the COVID-19 pandemic. These
Everything You Need to Know About the 2021 Child Tax Credit Read More
