Month: June 2023

How Far Can The IRS Come After You For Unfiled Taxes? Things You Should Know

In an ideal world, everyone should file their taxes on time, but the world…

How Does the IRS Know If You Gave a Gift? The IRS Gift Tax 

The IRS doesn’t need to know about all the gifts you give to the…

How to Change Your 401(k) Contribution? Expert Tips on Maximizing Your Retirement Savings

Statistics show that over sixty million Americans invest in 401(k) plans. On average, workers…

What Is Notice 1444? How to Interpret And Respond to IRS Notices?

The IRS sends formal letters it calls notices to taxpayers to request a specific…

Are Lawsuit Settlements Taxable? Understanding Tax Obligations in 2023

The compensation you’ll receive from a lawsuit settlement is taxable unless the lawsuit concerns…

Understanding Overtime Taxation: Is Your Extra Income Really Taxed More

The lack of understanding of overtime taxation is often the reason employees are hesitant…

Do Amish Pay Taxes? How Taxation Impacts Traditional Communities

Tax obligations of all US citizens are similar regardless of their religious affiliations or…

How to Fill Out Form W4 if Married And Both Work? The Ultimate Guide in 2023

The Form W4 is an essential tax form that determines how much of an…

What is a CP05 Notice From The IRS? Here’s What you Need to Know

All US taxpayers hope to receive their tax refunds as soon as possible, but…