In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.
https://www.fastforwardaccounting.net/wp-content/uploads/2024/07/shutterstock_2207085115-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2024-07-22 21:05:012024-07-22 21:05:01IRS Warns On Social Media Tax Credit Scam
Homeowners looking to protect their homes during hurricane season should take extra steps to ensure their policies cover the total cost of the home. Many homeowners found themselves without adequate coverage over the last few years after being hit by natural disasters like hurricanes and floods.
https://www.fastforwardaccounting.net/wp-content/uploads/2024/07/shutterstock_2312383721-3.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2024-07-15 18:13:012024-07-15 18:13:01Here’s How To Evaluate Homeowners Insurance Coverage Amid Hurricane Season
While taxes may not be on your mind while experiencing big life events such as marriage, buying a house, having children, and divorce, all four can impact tax planning by changing income, tax filing status and eligibility for various tax breaks.
https://www.fastforwardaccounting.net/wp-content/uploads/2024/07/shutterstock_1556205833-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2024-07-08 20:53:432024-07-08 21:01:52A Tax Planning Roadmap For Four Life Events
Starting in 2023, Secure 2.0, a $1.7 trillion legislative package signed by President Joe Biden in December 2022, raised the age that savers must start taking required minimum distributions, or RMDs, to 73. RMDs are typically tied to pre-tax retirement accounts, which incur regular income taxes for withdrawals. Those RMDs could push some retirees into a higher tax bracket.
https://www.fastforwardaccounting.net/wp-content/uploads/2024/07/shutterstock_2297051555-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2024-07-01 20:19:522024-07-01 20:19:52Great Savers Could Face A ‘Tax Time Bomb’ In Retirement, Advisor Says — Here’s How To Avoid It
You might receive IRS Form 5498 for the previoous year if you had reportable deposits for your IRA, such as regular IRA and rollover contributions, and Roth IRA conversions. The form provides the basis for auditing such IRA activities and helps you to identify and fix related errors before the IRS flags them.
https://www.fastforwardaccounting.net/wp-content/uploads/2024/06/shutterstock_1080890615-2.jpg345845ADMINhttps://dev.fastforwardaccounting.net/wp-content/uploads/2023/03/Fast-Forward-Accounting-Solutions-Logo-Web.pngADMIN2024-06-24 22:38:322024-06-24 22:38:32Five Common Errors To Fix In Your IRA Before The IRS Flags Them
IRS Warns On Social Media Tax Credit Scam
In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.
Here’s How To Evaluate Homeowners Insurance Coverage Amid Hurricane Season
Homeowners looking to protect their homes during hurricane season should take extra steps to ensure their policies cover the total cost of the home. Many homeowners found themselves without adequate coverage over the last few years after being hit by natural disasters like hurricanes and floods.
A Tax Planning Roadmap For Four Life Events
While taxes may not be on your mind while experiencing big life events such as marriage, buying a house, having children, and divorce, all four can impact tax planning by changing income, tax filing status and eligibility for various tax breaks.
Great Savers Could Face A ‘Tax Time Bomb’ In Retirement, Advisor Says — Here’s How To Avoid It
Starting in 2023, Secure 2.0, a $1.7 trillion legislative package signed by President Joe Biden in December 2022, raised the age that savers must start taking required minimum distributions, or RMDs, to 73. RMDs are typically tied to pre-tax retirement accounts, which incur regular income taxes for withdrawals. Those RMDs could push some retirees into a higher tax bracket.
Five Common Errors To Fix In Your IRA Before The IRS Flags Them
You might receive IRS Form 5498 for the previoous year if you had reportable deposits for your IRA, such as regular IRA and rollover contributions, and Roth IRA conversions. The form provides the basis for auditing such IRA activities and helps you to identify and fix related errors before the IRS flags them.