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How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…
The Only Official IRS Penalty Calculator Is an Accurate Tax Return
A fast tax penalty calculator? It's the IRS, not hockey. You need to accurately calculate your annual tax returns to avoid any potential penalties and…
Want Credit for Saving With Qualified Retirement Plan Contributions? Then Use Form 8880
You know those score multipliers in pinball? Saving for retirement is kinda like that. Are you looking to claim the Retirement Savings Contributions Credit, also…
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat. The Internal Revenue Service offers you a bit of…
The IRS One Time Forgiveness Program: How It Relates to Offer in Compromise, Installment Plans and Tax Penalties
Financial hardship makes taking care of your tax liabilities difficult, if not impossible. Sometimes a payment plan isn't enough. If you owe unpaid taxes to…
IRS Announces Tax Season Deadlines, When Can You File and Expect Your Refund in 2024?
On January 8th, the IRS issued a statement that said taxpayers can start filing their annual returns on January 29. People who need extra time…
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their…
2024 Tax Brackets
To prevent what is known as "bracket creep," the Internal Revenue Service (IRS) has issued inflation tax code adjustments for the 2024 tax season, with…
