IRS Offer in Compromise: Basics and Who Qualifies
Advertisements about “settling your tax debt for pennies on the dollar” typically refer to the process of applying for an IRS offer in compromise, which is an IRS program designed…
Tina Orem
Tina Orem is NerdWallet's authority on taxes. She's been reporting on and writing about business and finance for over a decade. Her work has been featured in a variety of local and national outlets. Email: [email protected].
Posts by Tina Orem:
Want a Raise in 2021? You May Not Even Need to Ask for It
Pay raises can be hard to come by, especially now. But if you received a big tax refund this year, getting more take-home pay next year could be a matter…
4 Tax Triggers New Investors Need to Know About
Many Americans started investing for the first time during the pandemic, but even though their trades may have been free, the money involved might soon come with a bill from…
Value-Added Tax: What It Is, How VAT Works and Who Pays It
If you’ve ever traveled outside the United States and done some shopping, chances are you’ve noticed a value-added tax on your receipts. Here’s what VAT is, how it works, and…
California State Tax: Rates, Who Pays in 2020-2021
California state tax rates are 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%. A 1% mental health services tax applies to income exceeding $1 million. California state tax…
Annuities: What They Are and How They Work
Annuities are financial products that could help provide steady income in retirement. But an annuity can be a complex creature. Here’s an overview of how annuities work, their pros and…
What Is a Donor-Advised Fund? How Donor-Advised Funds Work
What is a donor-advised fund? A donor-advised fund, or DAF, is an account into which you deposit assets for donation to charity over time. You, the donor, get a tax…
What a Payroll Tax Deferral May Mean for Your Paycheck and Taxes
An executive action President Trump issued Saturday on the deferral of payroll taxes could put more money in your pocket soon. Much is still unknown about how the order will…
Pension Plan vs. 401(k): Types, Pros & Cons
For some people, a pension is a route to retirement, but often it’s not the only way to get there. Here’s what pensions are, how they work and options if…
Innocent Spouse Relief: Who Qualifies & How to Get It From the IRS
On joint tax returns, both filers are generally responsible for the tax bill. But innocent spouse relief is a way to avoid paying additional tax you might owe the IRS…
