6 Key Tax Questions for 2023 Right now, you may be more concerned about your 2022 tax bill than you are about how to handle your personal finances in the new year. However, as you deal with your annual tax filing, it’s a good idea to also familiarize yourself with pertinent amounts that may have changed for 2023. Not all …
Disability Income
Is disability income taxable? Many Americans receive disability income. If you’re one of them or know someone who is, you may wonder whether it’s taxable. As is often the case with tax questions, the answer is “it depends.” Key factor The key factor is who paid the disability income (or who paid for the disability insurance funding the income). If the income …
Can the IRS Take Your Paycheck?
Can the IRS Take Your Paycheck? Yes, the IRS can take most of your paycheck if you do not respond to their other attempts to contact you. This is called a Notice of levy on Wages, Salary and Other Income. Discovering that you owe tax debt can be a truly stressful experience. Your IRS problems may even spread beyond the relative …
Congress Wants to Eliminate the IRS
Dumb ideas like to resurface from time to time for dull, greedy people to masturbate verbally. The current Republican plan is to eliminate the IRS, income taxes, and payroll taxes and then institute a very large sales tax. I am a tax expert and that could work for a quick minute and then those same greedy ass people who evade …