Posts Archive
Government Issues
How many types of government savings bonds are there, and what's the difference between them?
While the U.S. government has issued 13 types of savings bonds, there are currently only two series available for purchase through the U.S. Treasury Department: Series EE bonds and Series I bonds. U.S. savings bonds are nonmarketable securities, which means you can’t resell them unless you’re authorized as an issuing or redeeming agent by the…
Read MoreNew Rules Affect Retirement Savings Advice
On April 6, 2016, the Department of Labor (DOL) issued new “conflict of interest” rules regarding financial advice as it relates to retirement plans and IRAs. The new DOL rules generally hold financial professionals to a fiduciary standard if they receive compensation for providing investment advice to retirement plan participants or IRA owners, which means…
Read MoreMo Money Preparers Plead Guilty – Is this a real company name?
Yes it is. Apparently there is a real company franchise called Mo Money Tax (apparently with about 300 stores and 18 states) and they were caught with tax return fraud. The owners of this particular franchise plead guilty to falisying paystub (W2) information in order to defraud the IRS. They each face a maximum sentence…
Read MoreIRS Offers Options to Avoid the President’s Day Rush
The President’s Day Holiday is one of the busiest times for IRS phone lines. But you can avoid the wait. The IRS has easy options to find the answers you need. To save time, taxpayers should make IRS.gov their first stop. Here are some of the most common taxpayer questions and quick ways to get…
Read More2014 Tax Season Delay
2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume IR-2013-82, Oct. 22, 2013 WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems…
Read More