Posts Archive

Government Issues

How many types of government savings bonds are there, and what's the difference between them?

August 29, 2016
,

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 More

Social Security's looming $32 trillion shortfall

August 10, 2016
,

Originally posted on CNBC – we thought this was a very relevant topic. —————————————————————- You can look at the financial health of Social Security in many ways. The official version, found in the Social Security and Medicare Boards of Trustees’ annual report, is this: Social Security’s total income is projected to exceed its total cost…

Read More

New Rules Affect Retirement Savings Advice

April 21, 2016
,

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 More

Mo Money Preparers Plead Guilty – Is this a real company name?

March 17, 2016
, , ,

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 More

New Trustees Reports Show Continuing Financial Challenges for Social Security and Medicare

August 11, 2015
, ,

Every year, the Trustees of the Social Security and Medicare trust funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The 2015 reports, released on July 22, 2015, show that, despite some encouraging signs, both programs continue to face financial challenges that should be addressed as soon…

Read More

IRS Reminds Those with Foreign Assets of U.S. Tax Obligations

May 6, 2014
, , , , ,

IR-2014-52, April 11, 2014 WASHINGTON — The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, that they may have a U.S. tax liability and a filing requirement in 2014. The filing deadline is Monday, June 16, 2014,…

Read More

IRS Offers Options to Avoid the President’s Day Rush

February 13, 2014
, ,

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 More

2014 Tax Season Delay

October 28, 2013
, , ,

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

Get In Touch

Share On Social Media