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Tax Related

Posts about taxes, including filing tips, deductions, IRS updates, audits, and strategies to maximize refunds and stay compliant.

My Money Advice for Strippers, Escorts and OnlyFans Creators

by Steve Rhode

Dance in a club, escort or make money on OnlyFans? Here’s what I’d do with a night’s money, the tips deduction’s catches, and when to see a lawyer.

A Colorado Man Is Suing Better Tax Relief. Here’s What the Complaint Says

by Steve Rhode

A Colorado man sued Better Tax Relief LLC under the TCPA over alleged unwanted calls and voicemails. Allegations only, no finding. What to do about them.

A Pennsylvania Woman Is Suing Tax Network USA. Here’s What the Complaint Says

by Steve Rhode

Tax Network USA lawsuit: what the complaint alleges (allegations only, no finding) and what to check before you pay any tax relief company.

The Car Loan Interest Deduction Is Real — But Dealers Are Already Using It to Sell You a Payment You Can’t Afford

by Steve Rhode

The car loan interest deduction is finally official — but the fine print on who actually qualifies changes the math dealers are quoting you.

IRS Penalty Abatement Is a Free Phone Call — Not a Service You Need to Buy

by Steve Rhode

IRS penalty abatement erases failure-to-file and failure-to-pay penalties for free — here’s how First Time Abate and the new Automatic Exemption work.

Offer in Compromise: The Real IRS Acceptance Rate (Not Pennies on the Dollar)

by Steve Rhode

The IRS accepts only about 1 in 5 Offers in Compromise. Here’s how the offer amount is really calculated, what it costs to apply yourself, and how to spot the ‘pennies on the dollar’ tax-relief scam.

Can Bankruptcy Erase Tax Debt? Yes — Here’s Exactly When It Can

by Steve Rhode

Can bankruptcy erase IRS tax debt? Yes — older income taxes can be discharged if they pass three timing rules. Here’s exactly how it works, from someone who’s helped thousands.

The IRS Is About to Lose $1.1 Billion in Funding — If You Owe Back Taxes, That Makes Your Problem Worse, Not Better (May 2026)

by Steve Rhode

IRS funding just got cut $1.1 billion and staff dropped 27%. If you owe taxes, automated collection keeps running while the humans who negotiate are gone. Act now.

$1.2 Billion in IRS Refunds Just Became the Government’s Money — But Some People Still Have Time

by Steve Rhode

The IRS just kept $1.2 billion in unclaimed 2022 refunds after the April 15 deadline passed. Disaster area residents may still have time — here is who qualifies and what to do about unfiled returns.

You Got a Class Action Check Last Year. Did You Report It on Your Taxes? The IRS Wants to Know.

by Steve Rhode

Most class action settlement payments are taxable income, but the administrator rarely sends a 1099 for small amounts. If you got a check in 2025 and didn’t report it, file a 1040-X before the IRS adds a 20% penalty.

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Get Out of Debt Guy Podcast - Steve Rhode

Get Out of Debt Guy Podcasts

  • The 10 Things You Must Do After Bankruptcy
  • Credit Card Debt, Hospital Bills & the “Just Get a Loan” Trap
  • Look Broke for a Year or Stay Broke for 10? The Credit Card Debt Trap
  • Budgets Suck: Debt Traps, Emergency Savings, and Keeping Up Appearances
  • Are You Helping Your Kids—or Hurting Your Retirement? – The Money Choices That Cost Millions

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