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    Author: Bhupinder Bajwa

    How Much Tax Do You Pay On a Lawsuit Settlement?

    How Much Tax Do You Pay On a Lawsuit Settlement?

    Life’s journey can be full of unexpected turns, and facing a lawsuit is one of the most challenging. While the prospect of a settlement offers a glimmer of hope and financial relief, it can also bring new anxieties, especially around complex issues like taxes. For many South Asian families in the USA, navigating the intricacies of the American financial system can feel like an additional burden, with unique cultural expectations and a strong drive for financial stability often at stake. Our goal is to empower you to make informed decisions, transforming a legal…continue reading →
    Can The IRS Seize A Financed Car? What You Need To Know

    Can The IRS Seize A Financed Car? What You Need To Know

    Financial worries can cast a long shadow, and few fears are as pressing as the thought of losing a vital asset like your car. If you're grappling with debt and the looming presence of the IRS, the question of whether they can seize your vehicle is likely a source of immense anxiety. This is a common and stressful situation, and it’s one that requires clear, accurate information. While we will break down the complexities of tax liens and asset seizures, it is crucial to understand that the information provided here is for educational…continue reading →
    Difference Between Accepted And Approved Tax Return

    Difference Between Accepted And Approved Tax Return

    It's tax season, and you've submitted your tax return. Now you're anxiously checking the status online, only to be met with two confusing terms: "Accepted" and "Approved." For many of us in the South Asian community, navigating the U.S. financial system can feel like a maze, and these two words can cause a lot of unnecessary stress. You might be wondering, "Are they the same? Is my refund coming soon?" Don't worry, you're not alone. The short answer is no, they're not the same, and understanding the difference is key to knowing the…continue reading →
    What Does “IRS Accepted My Return” Mean? A Simple Guide to Your Tax Filing Status

    What Does “IRS Accepted My Return” Mean? A Simple Guide to Your Tax Filing Status

    Receiving the notification that the IRS has "accepted" your return is a positive and often reassuring step in the tax-filing process. Put simply, "accepted" means your return has successfully passed the IRS's initial, automated validation checks. The system has confirmed that your Social Security Number (SSN) matches the name on file, your filing status is valid, and the mathematical calculations on your form appear to be correct. Think of it this way: imagine you're at a grocery store and the cashier takes your credit card. The machine verifies that the card is valid,…continue reading →