Tax Debt
The Wash Sale Rule in 2025
What Is the Wash Sale Rule? [video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/wash.mp4"][/video] If you’ve been investing in stocks or other securities, you may have heard of the…
What Taxes Are Progressive? A Guide on the Progressive Tax System
What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax…
How to Know If You Owe Taxes: The Complete Guide
How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you…
The Consequences of Filing Taxes Late
Filing your tax return late is not going to put you on the IRS’s good side, and they could penalize you with both late-filing penalties…
How Do I File Back Tax Returns?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Filing_Back_Taxes_Made_Easy.mp4"][/video] Let’s say you didn’t file your tax return for a year (or a couple of years, maybe even three). The…
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…
Understanding the IRS Hardship Program
Sometimes unforeseen financial difficulties can arise, leaving individuals and businesses struggling to fulfill their tax responsibilities. The Internal Revenue Service (IRS) recognizes these challenges and…
