by Candy | Feb 12, 2024 | Featured, IRS, Taxes
The IRS is paying extra attention to Employee Stock Ownership Plans (ESOPs) as part of its efforts to make sure high-income taxpayers pay their fair share of tax. ESOPs are retirement plans where employees own stock in their employer’s company. However, these...
by Candy | Jan 29, 2024 | Business, Taxes
Workers change jobs approximately every four years, according to the most recent U.S. Bureau of Labor Statistics data. Individuals often find themselves with multiple Sec. 401(k) accounts. Some of these accounts may be overlooked, leading to potential fees and...
by Candy | Jan 22, 2024 | Sales Tax, Taxes
Inflation-adjusted amounts within the Tax Code are projected to experience a 5.4% increase in 2024, according to a recent report by Bloomberg Tax. This represents a slight reduction compared to the 7.1% surge witnessed this year, nearly double the 3% increase seen in...
by Candy | Jan 8, 2024 | News Letter, Taxes
Having a hobby is generally a good thing, but some hobbies can become overwhelming and harmful. Protesting your taxes is an example of such a consuming hobby. In a recent case, Lawrence James Saccato had not filed tax returns for 14 years, claiming he was exempt from...
by Candy | Jan 1, 2024 | Community, Shared, Taxes
The loss of a loved one is a challenging experience, imposing physical, emotional, mental, and financial burdens. Unexpectedly high funeral expenses often prompt many to investigate the possibility of tax deductions to ease the financial strain. The National Funeral...
by Candy | Nov 23, 2023 | IRS, Taxes
Tax scams are not only on the rise but have become a thriving business for fraudsters, with millions, if not billions of dollars at stake. In this article, we aim to enlighten you about the current tax scams and offer guidance on protecting yourself from becoming a...
