Wiped Out Debt But Stuck With a 1099-C? Don’t Panic!
Receiving a 1099-C form can be a real head-scratcher, especially when it comes after you’ve finally managed to get rid of some debt. You might be thinking, “Shouldn’t this be a good thing?” And you’re right, it is! But the IRS has a different perspective. They see cancelled debt as income, which means it could […]
Understanding Your Tax Form Options: Form 1040 and 1040-SR
Taxes got you feeling a bit overwhelmed? Don’t worry, we’re here to help! It’s like trying to find your way through a corn maze, but with numbers. Luckily, understanding your tax form options can make the journey a whole lot smoother. While the super simple Form 1040EZ was retired back in 2018 (sniff, sniff!), taxpayers […]