How to find out how much you owe the IRS Avoid tax bankruptcy. Business Tax ID EIN lookup

If you’re wondering “how much do I owe the IRS?” you’re not alone. In 2018, Americans owed more than $128.2 billion in back taxes. But this includes penalties and interest, and few people are good at keeping a running balance of their total tax debt. That same year, the IRS assessed $13 billion in additional […]

average cost of coronavirus treatment

$9,763 Estimated cost of a severe case of COVID-19 without major complications. As the Coronavirus (COVID-19) continues to spread throughout the U.S. and people receive treatment, medical bills mount. Depending on the severity of the virus, treatment can be expensive. Here is what we know about the medical cost of treating a severe case of […]

how are realtors paid

If you’re buying or selling a home, you may wonder about additional costs beyond the price. The question many people ask is, “how do realtors get paid?” If you’re a homebuyer, you can relax, because buyers usually don’t pay realtor fees. It’s generally the responsibility of home sellers to pay realtor fees. So if you’re […]

do I need excess flood insurance

$250,000 The maximum claim for damages to residential property with a regular flood insurance policy. for damages to residential property If you live in a flood-prone area and have standard flood insurance, the coverage may not be enough. You may need excess flood coverage. And you’ll want to figure it out before a flood occurs—doing so […]

140 Reasons the IRS can charge you a penalty. Last year, the IRS collected more than $3.4 trillion from taxpayers. Part of that total consisted of more than $11 billion in penalties on individual, trust, and estate income tax returns. [Source] The $11 billion didn’t include penalties on early distributions to IRAs. In fact, there […]

What are origination fees? Find out how much they are costing you and how to reduce them.

Average loan origination fees by loan type Mortgages 0.5% – 1%. Auto loans 0% – 2%. Student loans 0% – 4%. Personal loans 1% – 6%. Small business loans 1% – 6%. Interest rates are often the first thing people look at when applying for a loan. And while it’s important to know how much you’ll pay in interest, there’s […]

what is covered in flood insurance

If your home is involved in a flood, you may find comfort in having homeowners insurance. But don’t lull yourself into a false sense of security. Insurance and risk management expert, Matthew Struck, says, “Standard insurance doesn’t cover flood damage at all. Many homeowners are stunned to discover this fact when their homes are flooded.” Struck adds, […]

Are Home Improvement Loans Tax Deductible?

Looking to spruce up your digs with a little remodeling? You’re part of a growing trend. If you’re planning on taking out a loan to help fund a home improvement project, you’ll be happy to know that you may also be able to score some tax savings. In certain situations, home improvement loans are tax […]

If you’re considering a private student loan to finance your education, check out credit union student loans. Unlike traditional banks, credit unions are nonprofit organizations, which could mean a lower interest rate for you. According to financial aid expert Carol Stack, co-author of The Financial Aid Handbook: Getting the Education You Want for the Price […]