Richmond VA Accounting Services Blog | Rue & Associates

Blog

02
Dec

Taxpayers First Act

The Taxpayer First Act of 2019, which would redesign the Internal Revenue Service, passed both Houses. The bill refocuses the action to live up to its mission of serving taxpayers, overhauling the IRS’ tools of enforcement, and strengthening the IRS’ …

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03
Sep

Settling Tax Issues on a Loved One’s Estate

When a love passes away, there needs to be someone that will handle the resulting tax issues and that is the role of the executor. Their job is to identify the estate’s assets, pay off its debts, and distribute the …

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22
Jul

Avoid These Common IRA Withdrawals & Contribution Errors

Let’s discuss some of the most common IRA contribution errors and how to avoid them. Excess Contributions: For 2019, the total amount you can contribute to all your IRA accounts is $6,000. If you are 50 or older, you can contribute …

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15
Jul

HSA Provides A Nice Tax Break

The idea behind HSAs was simple. Give workers generous tax breaks to put aside money to help pay for their health care. That in turn would make it easier for employers to offer those employees high-deductible health plans. The high-deductible …

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08
Jul

The Best Way to Save Money

If you’re not good at saving, it’s not your fault. In fact, the Federal Reserve says 40% of Americans don’t even have $400 to cover an emergency expense. The good news is that there’s a simple way to win this fight: …

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