Worried about back taxes and the IRS? In this episode of the Ask Ralph Show, Ralph answers a question from Naomi, who’s anxious about unfiled taxes and potential IRS actions. He explains the 10-year statute of limitations on tax debt, why filing your taxes is essential to start the clock,…
Proverbs 22:7 reminds us that "the borrower is slave to the lender." Tax debt is still debt; avoiding it only leads to financial bondage. Honesty and responsibility in our financial dealings are key to true freedom. #FinancialWisdom #BiblicalFinance #debtfreeliving
Marriage, divorce, moving—major life events can impact your taxes in ways you might not expect. Lack of awareness isn’t an excuse, but it’s a common reason for tax mistakes. Stay informed and plan ahead! #TaxPlanning #LifeChanges #stayinformed
Integrity and transparency matter—even with the IRS. If you have tax debt and are working to resolve it, be honest in your dealings. Avoiding or hiding only makes things worse. #FinancialIntegrity #TaxDebt #HonestLiving
🚨Struggling with debt? Feeling judged for renting? Worried about your elderly parents' financial safety?🚨 Join us LIVE today on Ask Ralph as we tackle these tough questions with practical tips and a dash of humor! 😂 Plus, we have a special guest co-host, Craig VanSlyke, college professor and host of…
Prayer brings strength, but wisdom comes through study. Don’t just pray—dive into God’s Word, seek His guidance on finances, and let His wisdom shape your decisions. #FaithAndFinances #BiblicalWisdom #PrayerAndAction #AskRalphShow #AskRalph
Are you feeling stuck in financial uncertainty? In this episode of the Ask Ralph Show, Ralph answers a heartfelt question from Lisa, who is overwhelmed by debt and struggling to reconnect with her faith. Ralph shares biblical wisdom and practical advice to help listeners find peace by aligning their finances…
The world says success is measured by wealth and possessions. But God’s wisdom reminds us that true success is about stewardship—managing what He has given us wisely, not just acquiring more. #FaithAndFinances #Stewardship #LiveWithPurpose #AskRalphShow #AskRalph
It starts with a plan. Pray for wisdom, study God’s Word on finances, and create a budget that prioritizes giving, saving, and paying off debt. A clear roadmap leads to lasting freedom. #FaithAndFinances #FinancialFreedom #budgeting #AskRalphShow #AskRalph
What does it really mean to be rich? In this episode of the Ask Ralph Show, Ralph challenges the idea that wealth is just about money and invites listeners to embrace a Christ-centered view of abundance. Using Matthew 6:33, he reminds us that true wealth comes from putting God first.…
Seek wise counsel, surround yourself with good people, and live generously. True wealth isn’t just about accumulation—it’s about impact. Start small, give freely, and watch your life fill with purpose. #WealthWithPurpose #Generosity #FinancialWisdom #FaithAndFinances #AskRalphShow #AskRalph
Grab a notebook and list what truly matters to you. What brings you joy and fulfillment? Let these guide your goals. And don’t forget gratitude—expressing it can brighten someone’s day and strengthen your relationships. #ValuesMatter #Gratitude #LiveWithPurpose #FaithAndFinances #AskRalphShow #AskRalp
True wealth isn’t just about money—it’s about aligning your finances with what truly matters. Reflect on your values, set meaningful goals, and build a life of purpose. #FinancialFreedom #WealthMindset #LiveWithPurpose #FaithAndFinances #AskRalphShow #AskRalph
How can you make the most of your finances in your 60s? In this episode of the Ask Ralph Show, Ralph shares practical advice about retirement savings, filing IRS Form 8606, and finding side hustles to boost income. Ralph and his special guest, Dr. Craig Van Slyke, offer tips on…
Before diving into a new side gig, test the waters! Start with a few hours a week to see if it's the right fit. Investing in equipment or overcommitting is unnecessary until you're sure. #SideHustle #StartSmall #SmartMoneyMoves
Freelancing isn’t just a side hustle—it’s a business. Create a simple plan, track income and expenses, and use AI-powered tools to work smarter. Your future self will thank you! #Freelancing #WorkSmarter #BusinessMindset
If you're freelancing or working gig jobs, don’t forget about self-employment tax! It’s an extra 15.2% on top of federal and state taxes. Plan so you’re not caught off guard! #SelfEmployment #Taxes #FreelancerLife
Are you prepared for the tax challenges of owning rental property? In this episode of the Ask Ralph Show, Ralph answers a listener’s question about managing taxes on an inherited rental property. He explains how to handle rental income, take advantage of deductible expenses, and avoid common IRS red flags…
As a landlord, you can deduct mortgage interest, property taxes, operating expenses, insurance, legal fees, and even property management costs. Are you maximizing your deductions? #LandlordTips #TaxDeductions #RealEstateInvesting #FaithAndFinances #AskRalphShow #AskRalph
Landlords, keep every receipt, invoice, and bank statement related to your rental property. Good documentation can save you time, stress, and money at tax time! #RealEstateInvesting #LandlordTips #TaxDeductions #FaithAndFinances #AskRalphShow #AskRalph
Rental income isn’t just monthly rent payments—advance payments, lease cancellation fees, and even services provided in place of rent all count. Are you reporting everything correctly? #RentalIncome #LandlordTips #TaxTime #FaithAndFinances #AskRalphShow #AskRalph
If you're self-employed, you pay both the employer and employee share of payroll taxes. You can deduct the employer-equivalent portion (7.65%) to lower your income tax. It won’t reduce your self-employment tax but can lighten your overall tax burden! #SelfEmployedLife #TaxDeductions #EntrepreneurFinance #FaithAndFinances #AskRalphShow #AskRalph
How can self-employed individuals manage the burden of self-employment tax? In this episode of the Ask Ralph Show, Ralph answers a question from Dwight, a freelance writer struggling with high tax bills. Ralph breaks down the components of self-employment tax, like Social Security and Medicare, and shares practical strategies to…
Think of your retirement savings like planting a seed—small contributions today can grow into a mighty oak tree over time! By reducing your taxable income, you're lowering your tax bill and setting yourself up for long-term financial security. Start planting now! #RetirementPlanning #WealthBuilding #TaxSavings #FaithAndFinances #AskRalphShow #AskRalph
