Clear explanation of IRS rules: Is child support taxable? Learn why it's usually tax-free for recipients, non-deductible for payers, with key exceptions, dependency exemptions, and documentation tips.
Understand the brutal cost of 401k early withdrawals with real tax calculations. Discover IRS penalty exceptions (Rule of 55, hardships), alternatives like loans, and damage control strategies if you've already withdrawn.
Learn if IRS debt can be discharged in Chapter 7 bankruptcy. Understand the 3-2-240 rules, step-by-step process, exceptions like TFRP penalties, tax lien impacts, costs, and real-life case studies to avoid pitfalls.