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What are the rules for required minimum distributions?

Your required minimum distribution is the minimum amount you must withdraw from your account each year. You generally have to start taking withdrawals fro...

Jul 04, 2026 • 1 READS

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What is UTP for tax?

For Schedule UTP purposes, an uncertain tax position is a position taken on a tax return that would result in an adjustment to a line item on the tax retu...

Jul 04, 2026 • 1 READS

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What do you need to know about a cp523 notice?

This notice is telling you that we intend to terminate your installment agreement and seize (levy) your wages and/or bank accounts if you take no action. ...

Jul 04, 2026 • 0 READS

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Can I claim my 25 year old child as a dependent?

To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test: To meet the qualifying child...

Jul 04, 2026 • 1 READS

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Can I appeal a marketplace decision?

If you don’t agree with a decision made by the Health Insurance Marketplace®, you may be able to file an appeal. You generally have 90 days from the date ...

Jul 04, 2026 • 1 READS

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When do you have to pay inheritance tax?

Usually, the individual who will have to pay inheritance tax on gifts within 7 years of the death of the gift giver will be a direct descendant, for examp...

Jul 04, 2026 • 0 READS

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Does claiming a child delay tax refund?

Why Your Tax Refund May Be Delayed This in turn can delay the issuing of refunds. You are claiming the earned income tax credit (EITC) or additional child...

Jul 04, 2026 • 1 READS

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Does IRS use direct pay?

The IRS announced a new web-based system – IRS Direct Pay – available on IRS.gov that lets you pay your tax bills or make estimated tax payments directly ...

Jul 04, 2026 • 1 READS

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Is there an extension to make a SEP IRA contribution?

Filing an extension will generally allow you to delay filing a tax return until October 15. You will still have time to establish a SEP-IRA and make a SEP...

Jul 04, 2026 • 0 READS

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How do I avoid CGT in a divorce?

Another way to ensure no Capital Gains Tax is payable on divorce is to agree the transfer of any assets in the tax year immediately following separation. ...

Jul 04, 2026 • 1 READS