Are Medical Malpractice Settlement Awards Taxable?
Receiving a cash settlement from a medical malpractice case can be a huge relief after what is usually a long and protracted process. But before you spend it, make sure…
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Everything You Need to Know About Gifting
Making generous gifts to others isn’t just about sharing your abundance with others – it’s also smart estate planning. But if you don’t follow the rules, you – or your…
Tax-Related Provisions in the Infrastructure Investment and Jobs Act
Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill.…
How to Set Up an Online Account With the IRS
Dealing with the IRS is never much fun, but you can make it a bit easier by setting up an IRS Account at irs.gov. An IRS Account will allow you…
How Much Does the IRS Charge for Paying Taxes Late?
Any tax owed on an individual tax return is generally due by April 15th even if an extension is filed. Failure to make that payment results in penalties and interest.…
Advance Child Tax Credit Payments: Why You Might Want to Unenroll from Payments
After more than a year of stimulus payments, it is tempting to lump the new advance Child Tax Credit payments into the same category. But unlike the economic impact payments,…