Taxes

What You Need to Know About the Tax Underpayment Penalty

Key Takeaways: Pay taxes as you earn: The IRS operates on a pay-as-you-go system, requiring withholding from paychecks or quarterly...

“Junior Roth IRA”? Maximizing the 529-to-Roth IRA Rollover — My Money Blog

A new automated investing app called FutureMoney is advertising something called the Junior Roth IRATM with some pretty awesome “key...

What’s New in Sales Tax?

(Sales Tax Updates and State Legislative Changes) (more…)

$300 Bonus w/ Direct Deposit — My Money Blog

Bonus is back, now $300. Ally Bank has a new checking account promotion for their “Spending Account”. You must open...

What Happens If You Ignore IRS Collection Letters? The Worst Case Scenario  Optima Tax Relief

Key Takeaways  Ignoring IRS letters will not make your tax problem go away; it triggers escalating collection actions and financial penalties. ...

$175 Bonus w/ Direct Deposit — My Money Blog

Bonus increased to $175 for limited-time. Current is a fintech, with banking services provided by Choice Financial Group, member FDIC....

Sales Tax Scaries 5: Changing Rates

When the Unexpected Strikes in Sales Tax A lot of monsters get their traction in horror movies because they’re doing...

Ally Bank $100 New Savings Account Referral Bonus (No Direct Deposit Requirement) — My Money Blog

Bonus is back. Ally Bank is one of my favorite banks in terms of user interface, practical features, customer service,...

Are GoFundMe Donations Taxable? | Optima Tax Relief

Crowdfunding is the act of funding a project by collecting small donations from a large number of individuals, often online....

Sales Tax Scaries 6: Relying on Automation

When Automation Turns into a Compliance Nightmare Robots run amok in many horror movies – and relying too heavily on...

Citi Strata Elite Card Review with Non-Travel Reward Redemptions — My Money Blog

Citi has joined in the ultra-premium rewards card category with the Citi Strata Elite credit card. As with similar cards,...

How to Report Employer Stock Options on Your Taxes 

Key Takeaways:   The tax treatment of stock options depends on their type. Incentive Stock Options (ISOs) may qualify for...