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President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...
Short-term payment plan – The payment period is 180 days or less and the total amount owed is less than $100,000 in combined tax, penalties, and interest.There’s no fee for setting one up ...
In most cases, personal loan interest is not tax deductible because you generally can't deduct personal expenses. There are certain situations where personal loan interest is tax deductible, like ...
For early 2025, this rate is 7 percent. While the IRS allows for penalty abatement in cases of reasonable cause or first-time offenses, interest charges cannot be waived unless the associated ...