1So, you have a tax question. You’re probably thinking that the best place to get it answered is to simply call the IRS. Right? If you answered yes, you would do so at your peril!! First, it takes a long time to even get through to an IRS taxpayer service representative to get your question …
Employer Tax Credits The Act provides tax credits to employers to cover wages paid to employees while they are taking time off under the bill’s sick leave and family leave programs. The sick leave credit for each employee would be equal to his wages, limited to $511 per day while the employee is receiving paid …
In an Information Release, IRS has announced that it has launched a new website, Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses.The new website helps people get information they need on ID theft, scams and schemes.The website contains the following …
IRS Launches New Website to Help Prevent Tax-related Identity Theft Read More »
Many people get a will, a trust, a living will for medical instructions and think that they have all their bases covered. Sadly, there is one big item that rarely gets covered: Your digital footprint. When I refer to your digital footprint, I am talking about online storage of photos, videos, social media accounts, subscriptions …
1Loan repayment to a 401K: Workers who lose their jobs with a 401(k) loan on the books now have more time to pay the money back. Federal tax reform allows workers to repay loans by the tax-filing deadline,including extensions for the year that they leave the job. So, if you left the job in 2019, …
I just had someone complain that his car insurance rates just skyrocketed due to his teenage son who is now a new driver. He asked me what he could do in order to help reduce the rates. After much research, here are the steps that I suggested: 1Make the teenager the primary driver of an …
Open Enrollment for 2020 runs Friday, November 1 to Sunday, December 15, 2019. Coverage starts January 1, 2020. Open enrollment is upon us. I am not talking about college admission either unless you got away paying $500,000 as a “contribution.” Only kidding. If you are eligible for Medicare and for most health insurance on the …
1Submitting foreign documents in court to substantiate a tax break must be in English or must be translated. A Canadian couple who lived in the U.S. and who sold a home in Montreal, had documents showing their cost basis, which is used to computer gain or loss. However, these documents were in French. The Tax …
