Dealing with tax debt can be overwhelming, particularly when financial circumstances make full repayment impossible. The IRS offers multiple programs to help taxpayers manage obligations while avoiding aggressive collection actions. One of the most flexible and practical options is the Partial Payment Installment Agreement (PPIA), which allows taxpayers to pay the amount owed over time, […]
Article from October 2025
How to File Taxes If Your Spouse or Dependent is Incarcerated
Filing taxes can be a complex process, and it becomes even more challenging when your spouse or dependent is incarcerated. In such situations, various considerations and adjustments must be made to ensure accurate and lawful tax filings. This article will guide you through the process, providing valuable information and tips on how to file taxes […]
What is Schedule K-1?
Schedule K-1 is a crucial tax form for anyone involved in partnerships, S corporations, or certain trusts and estates. Traditional tax forms, like the W-2 or 1099, report income directly to individual taxpayers. However, Schedule K-1 reports a taxpayer’s share of income, deductions, and credits from pass-through entities. Understanding how this form works and the […]
Tax Deductions for Gen Z, Millennials, and Boomers
Understanding which tax deductions you qualify for can significantly reduce your taxable income, increase refunds, and improve your overall financial strategy. However, the types of deductions that make sense often depend on your generation and life stage. From student loans and side hustles for Gen Z to homeownership and retirement contributions for Millennials, and age-specific […]
Zelle and Taxes: Does Zelle Report to the IRS?
Zelle has become one of the most popular ways to send and receive money instantly, with millions of users transferring funds directly between bank accounts each day. But as tax season approaches, one common question arises: Does Zelle report your transactions to the IRS? While other peer-to-peer payment apps like PayPal and Venmo are subject […]