Gig Workers Social Security: What You Need to Know

Whether you’re still in your working years or are collecting Social Security retirement benefits, it’s important to understand how gig economy jobs will affect what you receive from Social Security.

CP2000 for a Backdoor Roth Conversion

If you’ve received a CP2000 notice for a backdoor Roth conversion, there’s a good chance you haven’t done anything wrong. The IRS sometimes has trouble tracking these transactions, so you’ll just need to provide an explanation to the IRS to get things sorted out.

What are the Tax Rules and Advantages of a Real Estate IRA?

Whether you’re looking to take advantage of the real estate market, want to diversify your retirement savings, or don’t trust the stock market but want to take advantage of the tax benefits of an IRA, a real estate IRA might be for you. There are several differences in how a real estate IRA and brokerage IRA work, so it’s important to do your homework before diving in. This post explains who investing in real estate in your IRA can benefit you and the rules you need to be aware of to do it right.

CP59 Notice: You Didn’t File a Form 1040 Tax Return

A CP59 notice says that you did not file your federal tax return. Whether the IRS lost your tax return, you don’t think you need to file, you can’t pay your taxes, or you just forgot, it’s important to take action ASAP.

How Do I Get My Money Back if I Paid Too Much Social Security Tax?

If you’re a high earner, the Social Security income limit means you don’t have to pay Social Security taxes once you’ve hit the wage base for the year. If you have a single employer, they simply stop withholding Social Security taxes once you hit the limit. But what happens if you pay too much Social Security tax because you have multiple jobs, change jobs, or do freelance work on the side?