IRS Adds Student Loan Contributions to 401(K) Plans

IRS Adds Student Loan Contributions to 401(K) Plans

It’s no secret student debt has been a rising epidemic in our nation; over $1.4 trillion now owed in student bills country-wide. For countless millennials, it’s an easy trap to fall into, and while the reasons behind why student debt is so high in recent years are...
Federal Reserve Increases Interest Rates Yet Again

Federal Reserve Increases Interest Rates Yet Again

For the third time this year, the Federal Reserve has raised their interest rates yet again from 2% to 2.25%, and according to most, it’s a change that was both expected and welcome. Used to calculate the rates for credit cards, mortgages, and other forms of consumer...
Are You Taking Advantage of Penalty Abatement?

Are You Taking Advantage of Penalty Abatement?

Here’s some good news for taxpayers with three or more consecutive years of great compliance history: if you had a clean tax record prior to recent penalties, you can apply to have those fees waved through the First-Time Penalty Abatement Program (FTA). Created in...
2017 “Dirty Dozen”:  A Tax Scam Report from the IRS

2017 “Dirty Dozen”: A Tax Scam Report from the IRS

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime, but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. Be careful to avoid the following...

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