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I hand scratch out my own taxes with a few complications just so I understand it before I e-file and even I know there’s enough info here to determine there’s something fucky.

If you expect to do an infrequent withdrawal I would avoid a CD, or at minimum keep what you may need to withdraw outside of the CD. While you could open and close with a no penalty CD it’s probably not worth the hassle and you may open and close at a bad time and get a worse rate.

Go on Google Maps, make sure its zoomed out to your city.

Search "Tax Accountant" or "CPA"

Find 2 or 3 independent tax accountants in your area with the best reviews. Skip chains like H&R block and Jackson Hewitt.

Call the firms you found, ask for a quote, see if they seem like a good fit. Choose one and use them.

Monthly premiums for two people would easily be 1k a month, that's just for coverage. OP shed light that they went through cancer treatment so I believe it.

Do you itemize your deductions or take standard deduction? Medical expenses above 7.5% AGI can be itemized.

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High yield offer will get you a few more dollars in interest if you take the 12 mo. option vs. the no penalty offer of 11 mos. only. Your timeline; your call.

Find a new accountant, even if they cost $500 they will very likely save you thousands, making it worth it. Something feels like it's missing.

If another accountant still says you owe tens of thousands, consider hiring a lawyer specializing in accounting like another commenter suggested.

Filing an extension doesn't help you unless you are going to extend AND pay the 25k by April 15. Which is totally acceptable and you will get that money back when you file your tax returns.

I don't think it's wise to trade down just to save gas unless you have a brutal commute and very high fuel costs.

You owe 24k which isn't too bad. Better off paying that down versus buying another car and paying taxes and almost doubling your interst rate.

How much do you drive per month?

It's a bad time to be taking on any new loans. The used car market is one of them. You will end up with a lesser vehicle with higher interest rate. That will cost more than the gas would. Just picture what you will end up with for the down payment and the price you have picked for the new car and call your bank. They will run the numbers and tell you what rate you would be looking at. It probably will not be 3.44

It’s easier to fund CDs at ally if you have a savings, and the savings account is free with I believe no minimums. I would open a savings account, put money in there, then transfer (open) No Penalty CDs. There is literally no downside to doing no penalty vs savings, other than you can’t withdraw money piecemeal. That’s why the other person recommended breaking it up into several separate amounts

I got a 7:1 arm in December 2021 on a construction loan. It would convert to a 30 year with the 7:1 rate of 3.5.

Hit the jackpot, as when I finished building the house and converted to the 30 year loan, rates were screaming at 6.5.

I've got 7 years to refi. If they hit 4.5%<, I'll refi in a heart beat.

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Stop using them. You don't earn enough to be paying someone to do your taxes, and there are some yellow/red flags from what you've shared.

Go to www.freetaxusa.com (yes it is legit and IRS-endorsed), spend about 20 minutes putting in the info it asks for (W2s and any 1099s youve gotten, basically), and have your lowest cost or best refund calculated and your federal return filed for free and your state return ready to file for like $8.

Are you saying you signed up for healthcare through the marketplace then you didn't pay any monthly premiums?

Did you get a 1095a form in the mail? You can also get it on healthcare.gov

I feel like there is information left out of this post.

Things like consolidating debt, student loan cancelations, lottery winnings, etc are all considered "income" in the eyes of the IRS, which could be why the taxes are so high.

We don't have enough information here to make educated guesses as to what they should do other than to hire a new CPA / seek a new accountant.

Because conventional wisdom doesn't always align with pure rational financial decision making.

Interest rates move up and down - in general, short term rates are lower than long term rates so in general you will pay less over the term of a loan if your rate is tied to shorter rather than longer rates. That said, they are volatile like stock returns, so you are taking on some risk to expose yourself to that volatility. If you can withstand that volatility you are generally better off with the ARM.

It could. Each of my family members is $550 a month on the marketplace, and we are all fairly young and in good shape. My roommate is $1200 monthly but qualifies for Medicaid instead because she is retired.

If I'm interpreting what they said correctly they may have overclaimed ACA insurance subsidies so they possibly owe 9k in repayments and penalties?

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Could have been a thrift account.

What's giving rise to the 25k tax bill? It obviously isn't your income.

Did you have any loans forgiven? Collect any punitive damages?