‘He can’t afford payments to the IRS’: My friend’s $19,000 loan was written off. The IRS charged him $3,000. What can he do?

Recently, the IRS sent him notice that he owes $3,000 in taxes because the truck loan that was written off was considered income for that year and he owed taxes on it. He wasn’t aware of that at the ...

My brother-in-law's $19,000 truck loan was written off, but the IRS charged him $3,300 in taxes. This seems unfair.

I've been trying to help my brother-in-law with an IRS matter. He's been sober for about 3 years. Before that he was an alcoholic for about 40 years. What precipitated his sobriety was his truck ...

'He's living in a sober-living house': My friend's $19K loan was written off. The IRS charged him $3K. Can he appeal?

I've been trying to help my friend and brother-in-law with an IRS matter. He's been sober for about 3 years. Before that he was an alcoholic for about 40 years. A DUI precipitated his sobriety. His ...
Kiplinger

Tax Changes and Key IRS Amounts for 2025

2025 starts with one set of federal tax rules. But there very well could be major changes. Odds are decent this year for notable tax legislation. Most of the key tax provisions affecting individuals ...
Kiplinger

The 2025 Estate Tax Exemption

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...