You hit “submit” on your tax return, watched the IRS accept it, and then… crickets. That “IRS accepted return but not approved” status isn’t just annoying – it’s like watching your refund dangle just out of reach. Trust me, you’re not alone. Last March, a client of ours accidentally transposed two digits on her direct deposit […]
There’s nothing quite like the gut-punch feeling of finding a letter from the IRS in your mailbox – specifically, an IRS notice of deficiency. That stark CP3219N notice, referred to as 90-day letter, isn’t just bureaucratic noise. It’s the IRS’s formal proposal to adjust your income tax bill, and it demands action. But here’s the […]
There’s nothing like an IRS error code to turn a routine refund check into a panic spiral. If you’ve stumbled upon IRS reference number 9001 on the IRS website, your heart might race – Did I mess up my taxes? Is my refund delayed? Am I getting audited? Take a breath. You’re not alone. This cryptic code […]
Picture this: You hit a slot machine jackpot in Vegas, celebrate with a champagne toast, then realize, the IRS wants a cut. Gambling taxes are a high-stakes game of their own. Every dollar you win is taxable income, but here’s the twist: Your losses could save you hundreds at tax time, if you play by the rules. […]
Every time you glance at your paycheck, you’ve likely noticed a deduction labeled OASDI tax. But what exactly does that 6.2% slice of your wages fund – and why should you care in 2025? The Old-Age, Survivors, and Disability Insurance (OASDI) tax is the backbone of Social Security, ensuring financial security for retirees, disabled workers, […]
Navigating scholarships and taxes? You’re not alone. Scholarships ease the financial burden of education, but confusing IRS rules can turn “free money” into a tax-time headache. Are scholarships taxable? The answer isn’t always straightforward – it depends on how you use the funds, your enrollment status, and even the fine print of your award. In this guide, […]