The IRS doesn’t recognize personal loans as income. Consequently, deducting loan interest payments from…
Articles by Logan Allec, CPA
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June 07, 2023
How to Refinance a Personal Loan? Step-by-Step Guide
The current lending climate affects the best personal loan terms you can get at…
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June 07, 2023
What Happens to a Personal Loan if The Borrower Dies?
Paying for medical and other types of emergencies is one of the most common…
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June 07, 2023
Personal Loan Vs Business Loan: Which One is Right For You?
Timing is everything, both in our personal and professional lives. Unsurprisingly, the choice between…
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June 06, 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…
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June 06, 2023
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…
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June 06, 2023
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…
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June 06, 2023
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…
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June 02, 2023
Are Lawsuit Settlements Taxable? Understanding Tax Obligations in 2023
The compensation you’ll receive from a lawsuit settlement is taxable unless the lawsuit concerns…