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What Is Form 941 and Why It Matters

If you run a business and have employees on your payroll, then you have definitely heard about Form 941 (or you should, we hope). But…

Can I Roll My Taxes into Next Year?: A Last Resort For Tax Debt

When tax season rolls around and the numbers don’t quite work in your favor, it’s natural to start asking questions like, can I roll my…

Can the IRS Take Your 401(k)? What You Need to Know in 2025

While retirement accounts are generally protected from most creditors, they’re not off-limits to the IRS. However, the agency must follow specific legal steps before accessing…

Tax Benefits of an LLC for Rental Property: What They Are and How to Take Advantage of Them

Rental property is a hot commodity these days, so if you own rental property or are considering investing in real estate, forming a Limited Liability…

Tax Benefits for Small Business Owners: 12 Most Common Types

Owning a small business comes with many responsibilities, but it also offers significant tax advantages. Understanding the tax benefits for small business owners can help…

Tax Benefits for Buying a Car

Buying a car can come with some surprising tax perks, depending on how and why you purchase it. This article covers the tax benefits of…

IRS Rejected Return: 6 Common Reasons and Fixes

“Filing taxes can be stressful” is the understatement of a lifetime, but it’s also true that the last thing anyone wants is to have their…

The Tax Penalty for No Health Insurance

Health insurance is an essential aspect of financial and medical security for many Americans. However, for those who choose to go without health insurance, there…