28
Jun
Jun
New Variations on Long Running Tax Scams
The IRS specifically warning about two new variations on existing, long-running tax-related scams. One of the scams tries to gather personally identifiable information related to Social Security numbers (SSN), while another threatens people with a fake tax bill. In what …
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24
Jun
Jun
Examining the Changes in Retirement
Here are eight major aspects worth examining from the SECURE Act: 1. Increase Small Employer Access to Retirement Plans This will essentially allow small employers to come together to set up and offer 401(k) plans with less fiduciary liability concern …
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14
Jun
Jun
IRS Released New Draft Form W-4
After pushback from taxpayers and tax professionals, the Internal Revenue Service (IRS) promised to revisit form W-4, Employee’s Withholding Allowance Certificate. The IRS issued a statement confirming that “the Treasury Department and the IRS will incorporate important changes into a new …
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12
Jun
Jun
3 Ways to Boost your 401(k) Savings
You could easily shop for bargain-basement fees in your individual retirement account (IRA) or small-company plan. There’s plenty of competition and it is hard not to save. Here are three easy ways to save: 1) Invest in Low-Cost Index Funds. They …
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10
Jun
Jun
Think Twice About Deferring Taxable Income Past 2020
Taking steps to defer your current individual federal income-tax bill is often a good idea, However, in today’s federal income tax environment, you could potentially have “too much” deferral. Here are the two biggest reasons why that could happen. Future …
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07
Jun
Jun
IRS Puts a 100% Penalty for Company Taxes
For anyone with employees, paying employment taxes is inevitable. The taxes are withheld from wages and are supposed to be promptly paid to the government. This is trust fund money that belongs to the government. You never want to become delinquent in paying taxes, especially employment …
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