I GOT A CP-14 LETTER FROM THE IRS! WHAT DO I DO?
Help!I got a letter from the IRS! It says “CP14” at the top. What do I do? Is this a scam?Let’s start off with a disclaimer: If you get a call from someone claiming to be at the IRS, it is 99% likely to be a scam, so hang up. Communication with the IRS will […]
“I HAVEN’T FILED TAXES IN YEARS, WHAT SHOULD I DO?”
Some people do the unthinkable. They don’t file their tax returns each year. They know they should. But they are so afraid of the unknowns that they get paralyzed and don’t do anything. They may start getting letters from the IRS or state taxing authority. First, it’s a request (later a demand) for the return to […]
STOP SPENDING JUST FOR TAXES!
“But it saves me on taxes!” Sometimes, we get TOO focused on the tax consequences of a financial decision. For example, we take on a mortgage ignoring all the interest that we’ll be paying to the bank…because at least the interest is tax-deductible. Right? Now, I appreciate that mortgage interest is tax deductible, but I don’t carry a […]