LATEST NEWS
IRS asking for feedback on free filing options
Despite some expected changes like the planned shutdown of the
IRS releases more warnings about Clean Energy scams (IRA) and misleading claims on the Self employment tax credit
In July 2024, the IRS released several warnings on widespread scams and misleading claims on the Self Employment
Bad debt 101 – Going into debt to finance vacations
We are in the summer of 2024 and more and more Americans are willing to go into debt
More States implementing required retirement programs for small businesses: Latest one Retire Ready NJ
As the Social Security Board of Trustees (Federal government) estimates that from 2035, the payments of scheduled benefits
HSA savings provide a triple tax benefit
If you are covered by an Health Savings Account HSA eligible plan, then, you can make pre-tax contributions
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Do not get fooled – The IRS has plenty of resources and talent
You might have hear derogatory terms to refer to the IRS agents or to the entity in general, like "in my audit,
S Corporation subject to IRS scrutiny, plus bonus on developments
Similar to the IRS focus on partnership that we shared in our last week post, the S Corporation is another higher scrutiny
Most serious problems (IRS report): #5 Lack of competency of tax preparers
In the 2023 National Taxpayer Advocate report to Congress, this organization lists a number of issues that the IRS should address as