Share to facebook Share to twitter Share to linkedin Getty If you’re looking to create or access your online payment plans with the Internal Revenue Service (IRS), you should be aware of some key changes. The IRS recently updated its identity verification process to protect tax information better. An installment agreement is an option for
Taxes
Coco Gauff has captured the tennis world’s hearts. UK taxing authorities will capture much of her winnings. (AP Photo/Alastair Grant) ASSOCIATED PRESS Cori “Coco” Gauff has captured the hearts of the tennis world over the last week with her impressive wins over Venus Williams, Magdalena Rybarikova and Polona Hercog. And she won another three matches
Credit: Getty Royalty Free Getty A provision in the Tax Cuts and Jobs Act of 2017 encourages so-called opportunity zones in low-income areas. You as an investor can put money into new enterprises there, using the capital gains you earned on other investments you sold–and get a tax break. For help on how that works,
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column examines whether stopping work before filing can negatively affect benefit rates, understanding eligibility for survivor’s benefits, how the earnings test is applied, potential effects of foreign pensions and auxiliary benefit
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether and when benefits can increase due to continued income, whether savings invoke the earnings penalty, when the earnings test will be applied, filing and suspending versus restricting an
A second class-action lawsuit has now hit the embattled risk-pooled 831(b) captive insurance sector, still reeling for its third and latest loss to the IRS in the Syzygy case. This new class-action lawsuit arises from the industry’s first loss to the IRS in the Avrahami case, which involved the owner of some jewelry stores in
Tax whistleblowers had good news the other day with the Taxpayer First Act of 2019 (Public Law 116-25) being signed into law by President Trump – including anti-retaliation protections for tax whistleblowers as well as requiring improved communication between the IRS and whistleblowers. Thanks to the Chairman of the Senate Finance Committee Charles Grassley (R-IA)
Getty Today, there will be lots of fireworks, parades, speeches, and hot dog eating contests to celebrate Independence Day. The day is often believed to be the day we officially gained our independence from Great Britain. But it’s a little more complicated than that: Independence Day wasn’t the end of the road to independence, it was
When you are a business owner, you not only have to worry about your own personal retirement funds, but you also have to make sure that, if something happens with the business, you have enough money to help it get back on track. While you may already have personal retirement plans set up, that does
Taxpayers can be happy that Congress passed – and the President signed on July 1, 2019 – an expansion and strengthening of taxpayer rights as well as a focus on cybersecurity and protection from identity theft for taxpayers. This legislation (which I discussed an earlier version), coupled with expanded funding for the IRS in a