Taxes
Can I Have a Passport If I Owe Back Taxes?
A passport is an essential travel document that allows individuals to explore new horizons, visit foreign lands, and experience diverse...
Filing Taxes as a Professional Athlete
Key Takeaways Professional athletes face unique tax complexity due to multi-state income, short career spans, high earnings, endorsements, and increased...
Top Strategies to Pay Off Back Taxes Faster
Key Takeaways Start with accuracy and compliance. The fastest way to pay off tax debt begins with confirming your exact...
Qualifying Spouse Filing Status: Rules, Benefits & Timeline
Key Takeaways Qualifying surviving spouse filing status allows a surviving spouse to use married filing jointly tax rates and the...
What Happens If You Owe the IRS But Move Out of the Country?
Key Takeaways If you owe the IRS and move out of the country, your tax debt and filing obligations do...
How States Make Money On Sales Tax Audits
Why sales tax audits are increasing Recently – and especially after the 2018 Supreme Court decision in Wayfair) – states...
Marginal Tax Rate vs. Effective Tax Rate: What’s The Difference?
Key Takeaways Marginal tax rate vs effective tax rate measures different things: the marginal rate applies to your last dollar...
What Is a Tax Settlement? Options, Process & Eligibility
Key Takeaways: Tax Settlement Overview: Resolve IRS debt for less than the full amount through programs like Offer in Compromise,...
IRS Interest Rates Hold Steady for Q1 2026
The Internal Revenue Service (IRS) has announced that interest rates will remain unchanged for the first quarter of 2026, beginning...
Ecommerce Takes the High Ground in Cyber Week Shopping
A new era for holiday retail For years experts have protected that one day ecommerce would surpass brick- and-mortar retail...
What Is the Alternative Minimum Tax (AMT)?
As taxpayers, we are accustomed to navigating the complex web of tax laws and regulations. One aspect that often takes...
Can You Use Your 401(k) to Pay Off Tax Debt Without Penalty? Optima Tax Relief
Key Takeaways Accessing your 401(k) to pay IRS tax debt is possible, but early withdrawals typically trigger income taxes and...
