Are you heading out of town and perhaps wondering if it will be good or bad for your mental health? A new poll reveals the effects of travel on your state of mind, and what most strongly supports our mental wellbeing when we make a trip, according to a news [...]
After the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of the decision. To request an appeal, taxpayers file Form 13711, Request for Appeal of Offer in Compromise, or mail a letter to the IRS with certain information about their situation. Taxpayers [...]
There's new research underlining the investment motivations and behaviors among Gen Z investors ages 18–25 that might be a surprise to some. The survey of more than 2,800 Gen Z, Millennial, and Gen X respondents from the U.S., Canada, the UK, and China examined the investment-related behaviors of those with and without [...]
Thankfully, tax relief is available for people living in areas declared disasters by the Federal Emergency Management Agency. To determine whether an area qualifies for federal disaster relief, taxpayers should check DisasterAssistance.gov. Find Disaster Assistance Information from the IRS Up-to-date information is available from these IRS resources: Disaster Assistance and [...]
Summer is all about travel and checking those must-do adventure experiences off of the bucket list. And this year, pet parents aren't leaving their pets behind. According to a recent survey* from PetSmart, more than 60% of pet parents believe it is important to bring their dog along on outdoor activities [...]
When employers hire people with disabilities or make their business accessible to employees and customers with disabilities, they may be eligible for certain tax benefits. These tax benefits encourage employers to hire qualified people with disabilities and offset some of the costs of providing accommodations, according to a news release. [...]
As temperatures begin to rise, travelers are getting the urge to explore, and new research shows they're acting on that spur-of-the-moment travel bug. Recent data reveals that two out of three (67%) Americans with travel plans this year say that the best trips are spontaneous and decided on a whim. The [...]
The Internal Revenue Service reminds taxpayers that making certain energy-efficient updates to their homes could qualify them for home energy tax credits. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022. Taxpayers who make energy improvements to a residence may be eligible [...]
A new survey found that young adults and physicians continue to see the country struggling with mental health, but most Americans aren't seeking care. Did you know? Six in 10 (60%) respondents aged 18-32 say they are concerned about their mental health, and two-thirds (67%) say they know a lot [...]
When a taxpayer can't pay their full tax liability or if paying would cause financial hardship, they may want to consider applying for an 'Offer in Compromise.' The Agreement This agreement between a taxpayer and the IRS settles a tax debt for less than the full amount owed. The goal [...]
