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401(k) Early Withdrawals Come with Taxes, Penalties & Lost Future Gains

The looming prospects of a recession in the U.S. later this year mean some Americans may eye their 401(k) retirement accounts as a cash lifeline, but experts caution against making early withdrawals before you reach age 59 ½.

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Reminder: Report All Income Including Gig Economy Jobs and Tips to IRS

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Paying taxes on your income in the U.S. used to be straightforward. Your employer provided you with a paycheck and did all the heavy lifting...
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Everything You Need to Know About IRS Amended Tax Returns

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When the IRS set January 23 this year as the official start to the 2023 tax filing season, the clock began ticking for taxpayers to get thei...
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How to Prepare for an IRS Audit

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Nothing strikes fear in the heart of the American taxpayer than the threat of an IRS audit. The good news is that the odds of getting audite...
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