Taxes
Latest Taxes News
I’m Going to Get $3,300 per Month From Social Security. How Can I Reduce My Taxes?
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration. If you do…
What Are the Tax Implications for Withdrawing From Your IRA?
Managing your retirement savings effectively requires understanding the tax implications of withdrawing money from an individual retirement account (IRA). IRAs,…
Some Red States Are Helping Citizens Save Money Despite Biden’s Agenda
President Joe Biden and his minions never miss an opportunity to boast about all the new levies they want to…
6 Easy Steps To Become A SEP-IRA Millionaire
Anyone, and I mean anyone, can become an IRA millionaire if given enough time. According to Fidelity, the number of…
Former Ohtani Interpreter Ippei Mizuhara Pleads Guilty To Bank And Tax Fraud
Ippei Mizuhara has agreed to plead guilty to federal charges of felony bank fraud and tax fraud. Mizuhara was the…
IRS Issues FAQs On Retirement Plan Distributions And Loans Following Major Disasters
The IRS has answered some frequently asked questions (FAQs) relating to rules for distributions from retirement plans, IRAs, and retirement…
Court Bars Promoters As IRS Cracks Down On Charitable Remainder Trust Tax Schemes
A federal district court has permanently barred a tax professional and his company from organizing, promoting, selling, or marketing tax…
Treasury Issues New Proposed Regulations On Foreign Trusts And Gifts
The IRS witnessed a proliferation of abusive foreign trusts in the 1990s. In many of these arrangements, U.S. taxpayers successfully…
FTC Ban On Noncompetes: 7 Things Employees & Executives Must Know
The Federal Trade Commission (FTC) has issued a final rule banning noncompete arrangements for employees, independent contractors, and executives. The…
ERC Updates: Handling The Flood Of Improper Claims
Mary Wood of Meadows Collier discusses recent updates on the employee retention credit, from the IRS’s moratorium on new claims…
