Video Quick Tips: Good IRA News for Retirees
Good IRA news for retirees.
Congress Does Away with the Stretch IRA
Some members of Congress have, for some time, expressed their displeasure with the so-called stretch IRAs that have permitted some beneficiaries, such as a youn
Mortgage Insurance Premium Deduction Retroactively Extended
For tax years 2007 through 2017, when taxpayers itemized deductions, they could deduct the cost of premiums for mortgage insurance on a qualified personal resid
Congress Removes IRA Contribution Age Restriction
In the past, unlike Roth IRAs, which have no age restriction associated with making a contribution, taxpayers were unable to make a traditional IRA contribution
Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund
Whenever a taxpayer’s debt is forgiven, whether it is credit card debt, home mortgage debt, an auto loan, or other debt, that forgiven debt – referr
New Twist Added to the IRA-to-Charity Provision
Ever since 2006, individuals age 70½ or older have been able to transfer up to $100,000 annually from their IRAs to qualified charities.
No Employees This Quarter? You Still May Need to File IRS Form 941
As an employer, you have plenty of obligations when it comes to filing taxes. Among these is the need to file IRS Form 941, the Employer’s Quarterly Feder
Congress Adds More Uses for College Savings Plans (Sec 529 Plans)
Congress originally created the Qualified State Tuition Plan, often referred to as the Sec 529 Plan, as a tax-beneficial incentive for parents, grandparents, an
IRS Letters: Tax Scam or Something You Need to Address?
Received a letter from the IRS? Stop, breathe, and contact your tax professional. Then follow these steps.
Are You Following Best Practices in QuickBooks Online?
“Best practices” are recommendations for the most effective way to get things done. Are you following standard procedures in QuickBooks Online?