Personal experience: a stupid mistake in a tax return turned into nerves and problems

There are moments in life when you are simply stunned by your own stupidity. Business Insider tells the story of Zach Jason, whose stupid mistake on his return cost him dearly. The letter Zach Jason received from the IRS on his birthday simply disconcerted him. “Your tax…

Personal experience: I didn’t pay taxes for 10 years, and this is how it ended

An American has not paid taxes for 10 years. He told Slate how he stopped filing taxes, how his problems grew, and why he decided to come clean. Jim, a healthcare worker, has not filed a return for ten years. He submitted it in 2020...

What to do if you made a mistake on your tax return

Filing a tax return can be a complicated process. It’s easy to make mistakes, such as miscalculating arithmetic, missing deductions, or choosing the wrong tax status. These mistakes often result in stress and financial problems. However, you can correct the mistake you made to avoid penalties and…

What happens if you do not pay taxes in the United States

The new tax season is approaching, and while most Americans are preparing to file their taxes, there are those who won't. People don't file tax returns for various reasons: a difficult divorce, death or illness of loved ones, and sometimes they just don't want to, thinking that...

How Trump Will Change the US Economy on His First Day in the White House

From tax policy overhauls to renewed trade tensions, these developments could change the rules of business and family budgeting, writes Go Banking Rates. According to forecasts, four economic shocks await us on the first day of Trump's second term.…

Nine States Cut Taxes in 2025: Which Regions Will Save Money?

Some Americans could get a tax break in 2025. Nine states are starting the year with state income tax cuts, CBS News reports. The changes are part of a recent trend of state-level tax cuts that began during the pandemic, when…

On diapers, sweets and the Internet: the strangest taxes in the US

It's probably not surprising that a country with such a colorful and varied history as the United States can have some crazy taxes. From belt buckles to a deer carcass, there are many oddities that will increase your tax bill. MSN writes about this. Alabama: Confederate Veterans...

How to Choose a Qualified Accountant to File Your Tax Return: Tips from the IRS

Choosing a tax professional is important to preparing an accurate and well-prepared tax return. The Internal Revenue Service (IRS) provides guidance and resources to help taxpayers make informed choices and avoid scams. Types of Tax Professionals There are three…

Tax rates for 2024: what you need to know when filing a tax return

December isn't just about the Christmas tree and plans for next year. It's also about summing up your finances and preparing to file your taxes. The IRS announces inflation-related rates and deductions every year. We've collected the data to…

The Mega Millions jackpot has exceeded half a billion: in which state is it more profitable to win the lottery?

Without a winner since early June, the Mega Millions jackpot has grown to $575 million, the ninth-largest jackpot ever. But don't expect to take home the entire amount if you're lucky enough to hit the only winning combination of five white balls plus…

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