You can take a distribution from your 401(k) without penalty only if you leave employment or the plan terminates, you turn 59 ½ years old, or you qualify for a hardship withdrawal. The penalty […]
From the 'Taxation' Category:
Most U.S. taxpayers, at some point in time, have probably felt that the amount of taxes they were required to pay was unfair. The people at WalletHub recently conducted a survey of 1,050 Americans […]
People all over the country are receiving calls from scam artists posing as IRS agents attempting to collect delinquent taxes. The level of deception goes fairly deep and is fairly complex. The imposters are […]
Don’t pay more in taxes simply because you cannot find all the receipts to prove your allowable deductions on your tax return, or open yourself up to an IRS audit because you move forward […]
Workers’ compensation and disability insurance both pay in the event of a debilitating injury, so it is easy to think of them as the same thing. But they differ in several very important ways, […]
You’ve probably heard the horror stories of how the IRS pursues taxpayers to collect on alleged tax debts. Now we’re hearing that the IRS also writes off tax debts without making much effort at […]
If you haven’t already filed your taxes then you’ve got 15 days left to complete the job. Assuming you filed an extension before the original deadline (4/15/2014) you’re now approaching the end of the […]
The Government Accounting Office says that since FY 2010, the IRS has lost 10,000 employees and had its budget reduced by $900 million. More cuts are proposed for the 2015 IRS budget. Identity theft, […]
Recently we posted the details on the IRS requirements for determining the difference between employee and independent contractor. Recently, we became aware of the results of an IRS examination on this very point. The […]
If you filed an extension for your 2013 tax returns, you bought yourself a little more time to finish the forms and get them submitted. But those deadlines are quickly approaching. Here they are: […]