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Ask Ralph Blog

March 18, 2025

Will Not Filing Taxes Cost You Forever?

Are You Still on the Hook With the IRS? How Far Back Can They Claim You Owe? Do you ever lie awake at night, worried that the IRS might come knocking on your door, demanding payment for taxes from years ago? It's a common concern, and the thought o…

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March 17, 2025

Is God's Wisdom Key to Financial Freedom?

Are You Following the World's Wisdom or God's Wisdom in Your Finances? As Christians, we are called to a higher standard in every area of our lives, including how we handle our finances. 1 Peter 1:16 instructs us to "Be holy, because I am holy." Th…

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March 16, 2025

Can True Wealth Go Beyond Money?

Is It Time to Redefine What Being Rich Means to You? In today's world, it's easy to get caught up in the pursuit of financial success and material possessions. We're bombarded with messages that equate wealth with a hefty bank account and the lates…

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March 15, 2025

Will 401(k) Changes Impact Your Savings?

What's Changing in Your 401(k) in 2025—and What Does It Mean for You? The new year ushered in exciting changes to 401(k) plans, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022. These changes, effec…

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March 14, 2025

Can Rental Deductions Minimize Your Tax?

Confused About How Your Rental Property Affects Your Taxes? Owning rental property can be a great way to build wealth and generate income, but it's important to understand the tax implications. Rental income and expenses are treated differently tha…

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March 13, 2025

Is Self-Employment Tax Keeping You Stressed?

Self-Employment Tax Got You Stressed? Learn Exactly What It Is and How to Pay Less Self-employment tax can feel like a burden, especially for those new to the world of freelancing or running their own businesses. But as the proverb says, "The wise …

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March 12, 2025

Are You Making These Tax Missteps?

Self-Filing Taxes: Are You Making These Painfully Common Errors That Could Land You in Trouble with the IRS? As Christians, we are called to be good stewards of our resources, and that includes being responsible with our taxes. This principle of st…

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March 11, 2025

Should You Reconsider Filing Taxes Jointly?

Are You Inviting Financial Trouble by Automatically Filing Taxes Jointly With Your Spouse? It's tax season again, and for many Christian couples, the question arises: Should we file our taxes jointly or separately? While the common advice is often …

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March 10, 2025

How Can You Qualify for IRS Penalty Forgiveness?

How to Turn "Reasonable Cause" into IRS Penalty Forgiveness Many people are unaware that the IRS offers penalty relief for taxpayers who have a valid reason for not filing or paying their taxes on time. This relief, known as "penalty abatement due …

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March 9, 2025

How Can You Practice Generosity Without Breaking the Bank?

Can You Truly Live Generously on a Tight Budget? Many Christians wonder how they can live generously when their finances are tight. It can be challenging to balance giving with saving and paying bills, especially when living paycheck to paycheck. H…

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