Latest From the Blog
Tax Tip of the Week | No. 264 | No Change to Social Security Depletion Date
The Social Security Board of Trustees reports the combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033.
Tax Tip of the Week | No. 262 | An Obamacare Update
Earlier last week, two courts in two different districts issued opposing decisions regarding tax credits for those who bought health insurance through federal exchanges.
Tax Tip of the Week | No. 261 | Do You Have A FROG File?
I recently attended a seminar on estate planning. The attorney presenting the class provided a nicely summarized list of important information that everyone should have prepared prior to their death. She called this list a “FROG File” (For Your Own Good).
Tax Tip of the Week | No. 260 | IRS Made Improper EITC Payments of $13.3 - $15.6 Billion
The Internal Revenue Service allowed an estimated $13.3 billion to $15.6 billion to be paid in improper claims for the Earned Income Tax Credit last fiscal year, or about 22 to 26 percent of all EITC payments, according to a new government report found the IRS continuing to be noncompliant with a 2010 law that sought to limit improper payments.
Tax Tip of the Week | No. 259 | IRS Adopts Taxpayer Bill of Rights
The Internal Revenue Service has adopted a "Taxpayer Bill of Rights" that it said would become a cornerstone document to provide the nation's taxpayers with a better understanding of their rights.
Tax Tip of the Week | No. 257 | Don't Outlive Your Money: 7 Tips
The scariest financial risk people face in life is running out of money at an old age. I’m 83 and I’m speaking from personal experience. After a long career as a newspaper editor, I retired in 1991 at the age of 60, with my wife, who is 14 years younger and retired in 2004. I’ve learned about financial matters the hard way, and I ghost-write articles like this one to earn some extra income.