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Seven Questions To Ask Your Accountant Before You File Your Taxes

With tax deadline day only weeks away, Americans are working away at their IRS returns and facing all the usual difficulties. As with any learning experience, a good way to gain insider knowledge of taxes and filing is to ask a trusted accountant or other tax specialists. Before filing taxes and risking negative outcomes, you can get ahead of the problem by asking a professional some critical questions.
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How Young Retirees Sidestep Early 401(k) Withdrawal Penalties

By migrating some or all of your retirement funds into a Roth IRA, you can access your money sooner. By using conversion ladders, money can be accessed penalty-free before the traditional withdrawal age of 59 1/2.
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3 IRS Deductions You Can’t Take This Year, Experts Warn

Before you file, you'll want to be aware of any changes for the 2023 tax season. Experts warn that there are a few key deductions you can't take this year—which could affect what your refund adds up to. There are also a few updates to tax credits as well. CLICK ON THE HEADLINE FOR MORE

Taxing Times: IRS Warning Issued Over Major New Tax Question On Your 2022 Return – See Action You Must Take

Information was revealed through a recent warning issued by the IRS on January 24 that reminded taxpayers they have to report "digital asset-related income." Additionally, filers must give a response to a new digital asset question on their 2022 federal income tax return. A penalty or even a delay in refunds could result by not answering. CLICK ON THE HEADLINE FOR MORE

How To Get Your Tax Refund Faster And Avoid Delays

Millions of Americans are starting to get their bills and tax filings ready so they don't find themselves rushing in the last few days before the deadline, especially if they're looking to receive a tax refund. However, waiting for the refund can be a hassle. Fortunately there's a few things that a taxpayer can do to speed up the process. CLICK ON THE HEADLINE FOR MORE

Secure 2.0 Act: Americans Will Be Able To Make Tax-Free Transfers Of 529 Plan Funds To Roth IRAs

Beginning in 2024, the Secure 2.0 Act will allow people to make tax- and penalty-free rollovers from 529 plans into a Roth IRA. To qualify for the transfer, the 529 plan must have been open for at least 15 years. CLICK ON THE HEADLINE FOR MORE