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Request IRS Penalty Abatement
- Always send a letter to the IRS requesting a penalty abatement if you owe additional tax.
- Include payment of tax and interest; this often results in the IRS waiving the penalty with no downside risk.
Use Credit Cards for Fraud Protection
- Use credit cards for purchases to benefit from fraud protection and easier dispute processes.
- Credit cards provide zero liability for fraudulent charges, unlike debit cards which expose your checking account balance.
Crypto Returns Signal Hidden Risk
- High crypto returns often come with hidden risks, including exchange insolvency.
- Lack of liquidity means investors may lose access to funds even on legitimate exchanges.