This retirement account is an ‘IOU to the IRS' — but here's when it makes sense, expert says
Your pre-tax IRA is subject to future income taxes, depending on your bracket. But it could offer planning opportunities, experts say.
Beware of tax scams: IRS unveils 2025 'Dirty Dozen' list to watch for
Scammers are 'relentless,' according to new IRS alert listing the 'Dirty Dozen' tax scams. Bad social media advice triggers ...
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Investing in Tax-Advantaged Accounts for Retirement
Investing for retirement is more critical than ever. With rising costs, Social Security in jeopardy, and pensions nearly ...
Are you owed a tax refund from the IRS? Clock is ticking in Florida to claim $61 million
The median potential refund nationwide is $781 for 2021. Florida, with 69,800 individuals who did not file, is just below the ...
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I'm 50 and 90% of my money is tied up in retirement accounts - is there any way to avoid a massive tax bill?
Taxes can be a major hassle at any point in life. But in retirement, they can be especially problematic. When you’re living ...
How Republicans plan to use ‘weird accounting’ to pass $4 trillion in tax cuts
Republicans have proposed trillions of dollars in tax cuts that are all but impossible to make permanent with the party's ...
Investopedia4d
Form 5329: Additional Taxes on Qualified Plans and Other Tax-Favored Accounts
Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...
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Gilda Rosenberg’s Massive Tax Evasion: $90M Hidden in Offshore Accounts
A Florida woman, Gilda Rosenberg, has admitted to working with her family to hide over $90 million in secret bank accounts ...
The accounting maneuver that could make the cost of extending Trump's tax cuts look like zero
A controversial budget tactic is gaining steam on Capitol Hill that would make Donald Trump's first-term tax cuts permanent ...
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Benefits Insight webinar: All About Tax-Advantaged Accounts
Join a Benefits Insight webinar from noon to 1 p.m. on Thursday, March 27, to gain a full understanding of all tax-advantaged ...
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IRS adds W-2 and 1095-A docs to online accounts
The forms will be available for tax years 2023 and 2024 under the Records and Status tab in the taxpayer's Individual Online Account. In the months ahead, the IRS plans to add more information return ...
Tax department is not into snooping on social media accounts of taxpayers, says I-T sources
Digital, social media accounts accessed only in search, survey ops; not against common taxpayer: top I-T department official ...