u.s. treasury Archives | Fast Forward Accounting Solutions

Tag Archive for: u.s. treasury

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

IRS Pledges More Audits Of The Wealthy And Better Customer Service

April 10, 2023

The agency’s newly released strategic operating plan lays out the specifics of how the IRS will allocate the $80 billion or improved operations, through fiscal year 2031, that was approved in that legislation.

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

When, Why & How To Return Stimulus Money To The IRS

February 22, 2021

There are several circumstances in which the IRS would want you to return a stimulus check you received in error. It's also important for you to know your stimulus check rights and key details about the checks and taxes. CLICK ON THE HEADLINE FOR MORE

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

IRS Extends Deadline For Americans To Register For Full Stimulus Money

November 2, 2020

The IRS just announced that it was extending the deadline to register for stimulus money -- up to $1,200 for one person and $3,900 for a family of five -- to Nov. 21. CLICK ON THE HEADLINE FOR MORE

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

Three Tax Moves to Make Before July 15

July 13, 2020

Now that the July 15 date is rapidly approaching, it's about time to tie up any loose tax details you may have left hanging back in March. CLICK ON THE HEADLINE FOR MORE

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

Here’s A Silver Lining To Coronavirus, And It Could Put Money In Your Pocket

March 10, 2020

The burning desire to redo mortgages had already been high since the first of the year, as falling interest rates moved them to revise their repayment terms — downward. Now, the Federal Reserve just announced an emergency interest rate cut designed to curb the economic damage from the burgeoning coronavirus. CLICK ON THE HEADLINE FOR MORE

businessman_irs_desk with computer papers and calculator_canstockphoto54052181 845x345

Brexit: Is This Like The 2008 Financial Crisis?

June 27, 2016

With the U.K. voting to leave the European Union and investors around the world in full-fledged panic mode, could this be the beginning of the end for the EU and even the start of another financial crisis? CLICK ON THE HEADLINE FOR MORE

Recent Posts

This Charitable Giving Strategy ‘Almost Always’ Provides The Biggest Tax Break, Advisor SaysDecember 2, 2024 - 10:39 pm
Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Additionally, retirees can give more in 2024, according to the IRS. Financial experts say this is a key move to maximize a tax break.
Tax Deductions 2024: What Can I Deduct and How Do They Work?November 25, 2024 - 7:31 pm
The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here’s what you need to know about deductions for tax year 2024.
How You Could Benefit from Tax-Loss Selling This YearNovember 18, 2024 - 7:01 pm
It’s important to note that tax-loss selling is only a worthwhile strategy if you have taxable accounts. As 2024 winds down, here are some of the most fruitful spots to look for tax-loss candidates.
Eight Groups Who Can Expect New Tax Breaks Under TrumpNovember 11, 2024 - 10:23 pm
Donald Trump’s biggest campaign promises included extending the tax law he signed in 2017, which lowered many Americans’ income taxes. But he also promised to “pursue additional tax cuts” if elected. Now that he’s headed back to the White House, you might be wondering — even if you didn’t vote for him — whether you stand to benefit from those new tax breaks.
The 401(k) And IRA Contribution Limits For 2025: Here’s How Much You Can SaveNovember 4, 2024 - 10:22 pm
The IRS sets annual caps on contributions to both workplace and individual retirement plans that fluctuate to keep up with inflation. See the 2025 contribution limits that were just announced.
2025 Tax Brackets: Here’s Why Your Paycheck Could Be Bigger Next YearOctober 28, 2024 - 7:51 pm
The IRS typically makes tax code changes each year to account for inflation. This also helps prevent “tax bracket creep,” which could push you into a higher tax bracket, despite inflation eating into your wages. Read everything you need to know about next year’s tax brackets and the standard deduction increases.
Inherited IRA Rules Are Changing In 2025 — Here’s What Beneficiaries Need To KnowOctober 21, 2024 - 9:40 pm
According to financial experts, some non-spousal beneficiaries should consider taking distributions sooner, depending on their situation, even if annual withdrawals aren’t required. This is about multi-year tax planning to maximize the benefits of an inherited IRA.
Watch Out: These Post-Hurricane Scammers Can Steal Your Money Or IdentityOctober 14, 2024 - 10:21 pm
With the recent hurricanes, thousands of households are facing property damage. What’s more, fraudsters and scam artists are capitalizing on the disasters to take advantage of vulnerable residents.