One of the most frustrating experiences during tax season is discovering that you owe the IRS money, or on the flip side, realizing that you’ve been overpaying taxes all year. These scenarios typically happen with improper tax withholding. Fortunately, there’s a way to fix this. Understanding how to calculate your tax withholding so you don’t […]
2025 Q2 Estimated Tax Payments Are Due. Are You Prepared?
Estimated tax payments play a critical role in helping taxpayers meet their annual tax obligations. For many individuals, including the self-employed, retirees, and investors, these quarterly payments are the primary way to stay compliant with tax requirements. With 2025 Q2 payment deadline approaching, now is the time to ensure you’re prepared and avoid potential penalties. […]
IRS Crypto Enforcement 2025
Cryptocurrency taxes have always been complicated, but 2025 has taken things to a new level. With rapid shifts in regulation, enforcement, and political priorities, many crypto investors are left wondering what’s next. The IRS spent years working toward expanded oversight of decentralized finance (DeFi) platforms, only to have that effort reversed almost overnight. The repeal […]
How Long Can My State Collect Back Taxes?
Owing back taxes is never a pleasant situation, but it’s even more stressful when you’re unsure how long the state has to collect those taxes. While the IRS has fairly standardized time limits, the rules for state-level tax collection vary widely—and in some cases, the clock might never stop ticking. Understanding how long your state […]
How to Report Rental Income and Avoid IRS Red Flags
Rental income is an important source of revenue for many property owners, but it also carries specific tax reporting responsibilities. If you’re a landlord or a property owner who rents out your property, understanding how to report rental income correctly and avoid IRS red flags is essential to ensure compliance and minimize the risk of […]