Don’t assume that an IRS notice in 2025 is about your most recent return! The IRS can take 18-24 months to send notices, so always check which tax year they’re referring to. Identifying the right year is the first step in addressing the issue correctly. #TaxTips #IRSNotice #StayInformed #FinancialWisdom
IRS Notice? Check the Tax Year First!
Recent Episodes
- IRS Employees Snooped 86 Times, and 175 Taxpayers Were Never Told
- Debt Collectors Are Suing More and Winning: Why You Should Never Ignore a Summons
- Banks vs. Credit Unions: Who Owns Your Money and Who Pays You More
- Why Cashing Out an Old 401(k) Can Cost Around 40% and What to Do Instead
- BFC Weekly Recap: A $600,000 Pig Butchering Scam and a $225,000 IRS Bill
- 401(k) Loan Costs: Double Tax, Lost Growth, Job Loss Risk
- 4 Car Buying Mistakes That Cost Thousands (Plus Ralph’s 20/4/10 Rule)
- Good Debt vs. Bad Debt: Three Questions to Sort Every Debt You Carry
- Making vs. Having vs. Keeping Money: Where Your Paycheck Really Goes
- See all →