This One-Time Strategy Can Waive IRS Tax Penalties. ‘It’s Like A Get Out Of Jail Free Card,’ Expert Says

Described like a 'Get Out Of Jail Free Card', this lesser-known first-time penalty abatement may waive IRS fees in certain situations, tax pros say. However, there are specific IRS guidelines to qualify for penalty relief.
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The IRS Is Resuming Debt Collections. Here’s What To Do If You Can’t Pay Your Taxes

As the IRS returns to normal operations, collection activities will resume as well. The agency is ramping up efforts to collect overdue taxes after many debt-collection activities were paused in order to provide relief to taxpayers during the COVID-19 crisis.
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Key Takeaways From Your 2022 Taxes

It can be tempting to put those tax documents away and not think about them again until next year. Before doing that, however, consider checking your returns one more time to see if there's anything that might save you money and make tax filing season easier next year. Here are five questions to ask yourself before you close the books on last year’s taxes.
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Americans Save More In HSAs, Fidelity Reports HSA Assets Exceed $16 Billion

HSAs can help people cover healthcare costs and avoid other harmful financial decisions while enjoying tax breaks. While some employers offer HSAs as part of their benefits options, consumers can also open these through most banks or investment management firms.
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What Is A Silver IRA And How Does It Work?

Silver IRAs are approved by the Internal Revenue Service and are a great way to diversify your retirement savings. With a silver IRA, you can purchase physical silver coins and bars, or you can purchase silver ETFs or mutual funds.
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What Happens If You Amend Your Tax Return?

Taxpayers may need to file an amended return if they discover that they made mistakes, such as failing to report income, claiming deductions or credits incorrectly, or making other errors that affect the amount of tax owed or the amount of refund due.