What Is a Tax Lien? A tax lien is a legal claim placed on an individual’s or business’s assets due to unpaid taxes owed to the government. It ensures that the government can collect the debt by claiming a priority interest over other creditors. If the tax...
Maintaining accurate records for tax purposes is not just a legal requirement but a vital practice for ensuring financial health and stability. Whether you’re an individual taxpayer, a small business owner, or a large corporation, the meticulous keeping of...
The standard tax rules on individual retirement accounts (IRAs) change when dealing with inherited IRAs. Some differences are positive. For instance, someone who inherits an IRA doesn’t pay a penalty for early withdrawal before age 59.5. On the negative side, special...
Handling IRS issues can indeed be overwhelming, and you’re not alone in feeling this way. Having assisted numerous individuals in similar situations, I understand the anxiety that comes with the possibility of property seizure or liens. However, there’s no...
As of 2024, the landscape of financial education in U.S. high schools has seen notable changes: 35 states now mandate a personal finance course for graduation, an increase from 23 in 2022. Additionally, 28 states require an economics course, up from 25. This shift...
Receiving an IRS audit notification can be quite daunting, but it’s not a situation you have to face alone. Consulting with a skilled tax lawyer can significantly ease the process, safeguarding your finances while providing the reassurance you need during such... 
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