Taxes

IRA rollovers are as common as drinking water. But if your rollover isn’t done correctly, it can cost you taxes and penalties, sucking out money that could have been used for your retirement. In this article from MarketWatch, you’ll discover 4 of the most expensive IRA rollover tax traps and how to avoid falling...

There’s an old axiom that says, “All good things must come to an end.” And unless Congress makes some changes, that’s what will happen to the current level of the federal estate tax exemption. As it stands now, every individual can give away $11.7 million of their estate free...

A really long time ago… in a galaxy far, far away… I worked for a building contractor. That experience taught me that every successful building project requires the right tools. And sometimes a project turns out just a little bit better because of a specialty tool, one with specific...

To modify an old journalism adage, “When a state raises taxes, that’s expected. But when a state lowers taxes, that’s news!” And, believe it or not, there are some states doing just that in 2021. Yes, across the United States taxes are still going up in lots of places. According...

Hunting season is open again and you’re the target. According to the Internal Revenue Service, there is a new IRS impersonation email scam trying to con you out of your personal information with the end game of stealing your identity. There are variations of what appears in the email subject...

As a result of the COVID-19 pandemic, U.S. Treasury Secretary Steve Mnuchin extended the 2019 tax filing date to July 15.  As a result, it also extends the deadline for making a 2019 contribution to your Individual Retirement Account (IRA) or Roth IRA. You now have until July 15 to make last year’s contributions....

In December 2022, Congress and the president did what they do best—spend more money--$1.7 trillion. The spending includes $858 billion for the military, $772 billion for domestic priorities, another $45 billion for Ukraine, and oh, by the way, enough money to keep the government running until September 2023, which...

Customer service is mostly dead. It’s probably housed in the Smithsonian along with the T-Rex and TV rabbit ears. As technology has progressed and Millennials have come of age, we have been pushed, sometimes kicking and screaming, to conduct personal business online. The Social Security Administration is no exception. Call...