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Four Things to Consider When Naming Guardians For Your Children

Choosing legal guardians for your children is one of the most important decisions you’ll make. It's a big responsibility, but with careful thought, you can ensure your children are cared for as you would want.…

CTA Imposes New Small Business Reporting Requirements for 2024

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Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect. The CTA, enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places…

Life Happens: Update Your Estate Plan

beneficiary designations, child custody arrangements, divorce estate planning, estate plan updates, estate planning, family legal planning, financial power of attorney, health care proxy, inheritance tax implications, legal document revisions, marriage legal documents, Peace of Mind Planning Session, property division, update estate plan, will and trust

Life is full of unexpected turns. You fall in love, get married, start a family, or unfortunately, experience loss. While these are significant milestones, they also signal a crucial time to revisit your estate plan.…

IRS Changes: $1,000 Penalty-Free IRA Withdrawals

IRA, IRS regulations, penalty-free withdrawals, retirement planning, SECURE 2.0 Act

The recent changes in IRS regulations, allowing penalty-free withdrawals of up to $1,000 from Individual Retirement Accounts (IRAs), mark a significant development in retirement planning policy. This update, implemented under the SECURE 2.0 Act, aims…

Can I Get My IRS Debt Forgiven If I Get Laid Off?

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Facing a layoff is challenging, and dealing with IRS debt at the same time can be overwhelming. The good news is that there are options to manage and potentially reduce your IRS debt if you've…

Understanding Innocent Spouse Relief: Protect Yourself from Unpaid Taxes

innocent spouse relief, IRS relief, joint tax return errors, Law Office of Jason Carr

Did you know that innocent spouse relief can relieve you from paying additional taxes if your spouse understated taxes due on your joint tax return and you didn't know about the errors? This relief can…

These states have the Lowest Income Tax Rates in 2024

income tax rates, low income tax states, no income tax states, tax planning, tax savings

Understanding the income tax landscape across the United States can help you make informed financial decisions. This guide highlights the states with the lowest income tax rates, offering insights into how these states manage taxation…

Tax Tips for 1099 Contractors: Side Hustle Success

1099 contractor tax help, 1099 tax obligations, business expenses deductions, independent contractor tax planning, IRS compliance, Law Office of Jason Carr, managing self-employment taxes, organizing tax data, quarterly estimated taxes, tax attorney services, tax planning for contractors, tax preparation services

As a 1099 contractor, organizing your data for tax time and managing quarterly estimated taxes can be a daunting task. Navigating the complexities of being an independent contractor requires meticulous planning and a clear understanding…

Why You Need a Will: Understanding the Consequences of Dying Without One

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Navigating the complexities of estate planning can be daunting, but one thing is clear: having a will is crucial. Unfortunately, many people overlook this important document, leading to significant complications for their loved ones. This…

How to Settle Your IRS Tax Debt: Expert Strategies and Success Stories

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Dealing with overwhelming IRS tax debt can be incredibly stressful, but there are settlement options available to help you resolve your financial troubles. This guide will provide detailed information on IRS settlement options, success stories,…