If you’ve received multiple letters from the IRS and they’re throwing around words like lien and levy, you’re not wrong to feel anxious. Those terms sound extreme, and most IRS notices are not written for regular people. Let’s break this down in simple terms so you can understand where you
Should You Prepay Property Taxes to Get an Itemized Deduction?
Every year around tax time, homeowners ask the same question: Should I prepay my property taxes to get a bigger deduction? The short answer is: sometimes it helps, often it doesn’t, and in many cases the benefit is smaller than people expect. Let’s walk through when prepaying property taxes
Holiday Pay, Overtime, and Seasonal Work: Why Your Paycheck Looks Over-Taxed
If you work a part-time job, pick up seasonal shifts, or earn overtime or holiday pay, you’ve probably had this experience: you work extra hours, get a bigger paycheck than usual, and then feel disappointed when taxes take a much bigger bite than expected. Many workers assume something went wrong
Do You Really Need a Trust? How to Responsibly Plan Ahead
“Do I need a trust?” This is one of the most common estate-planning questions people ask -- and for good reason. Trusts can feel mysterious, expensive, or like something “rich people do.” But the truth is that trusts are far more common today, and many families, parents, homeowners, and small
How Small Businesses Can Acquire New Clients
"If a man can make a better mousetrap, the world will make a beaten path to his door." -Ralph Waldo Emerson Most business owners know the three classic pillars of client acquisition: outreach, advertising, and word of mouth. They matter (and they work), but they aren’t the whole picture. As
Short Sale or Rent Out Your Home?
When your mortgage balance is higher than what your home can sell for, the situation can feel overwhelming. Many Washington homeowners find themselves weighing two difficult options: renting out the property (often at a loss), or pursuing a short sale. Each path has pros, cons, and long-term tax
Wage Garnishment, CP504, and LT11: What Washington State Residents Need to Know Before the IRS Takes Action
Getting a letter from the IRS can turn any normal day into a stressful one -- especially if it hints at collection action. Two notices in particular, CP504 and LT11 (or Letter 1058), often show up right before the IRS begins wage garnishment or bank levies. If you’re in Washington State, the
Understanding IRS Notice CP14: What It Means, Why You Received It, and What to Do Next
If you’ve opened your mailbox and found an IRS CP14 notice -- you’re far from alone. This is one of the most common letters the IRS sends, and while it does require action, it’s usually straightforward to resolve. This guide walks you through what a CP14 is, who gets it, how to pay it, and when