New tax legislation has been a looming possibly for the majority of 2017, with some new plans even coming to a vote in the latter part of the year. Nevertheless, taxpayers should focus their year-end tax planning around current legislation, since the proposals may undergo major changes before anything is passed. Below are seven key […]
Year: 2017
How to Avoid the W-2 Email Scam in Your Business
The IRS recently announced a warning to the nations’ businesses regarding another scam, this time targeted at W-2 forms. The last several years have seen an increase in a W-2 email scam that threatens personal tax information and the IRS is seeking to alert payroll and human resources associates so they can be on watch […]
New Developments in the Republican Tax Bill
Amidst much discussion and disagreement regarding the future of the tax code, the Republican Party pushed back the initial release of their updated tax bill. Just a few days later, the most recent version was provided and below are 12 major changes that would impact most taxpayers: Decreasing the number of income tax brackets Our […]
5 Tax Filing Mistakes to Avoid
Taxes are usually a blip on the radar each spring for most taxpayers, but many cannot expect to have taxes taken out by their employer and call it a day. There are a variety of different life scenarios that may affect your tax bill and deductions, and the end of the year is the perfect […]
5 Major Ways the GOP’s New Tax Plan Will Alter the Tax Code
Since the GOP’s first attempt at shifting the current tax code was shot down in Congress, they have released another, broader tax framework. This new plan has several components Congress will need to hash out before voting on a finalized plan, but taxpayers of all income levels are likely curious about how this framework may […]
How to Effectively Protect Your Identity After Equifax
As many as 143 million Americans may have been affected by Equifax’s major data breach earlier this year, though the company has yet to divulge specifics about the individuals who were impacted. Since no one can say with certainty who was or was not affected, any individual with credit would be wise to take protective […]
12 Facts You Should Be Aware of About Social Security
A large majority of the American people are recipients of Social Security (SS) at some level, yet many do not grasp the scope and value of the program, which can lead to frustration and confusion when the benefits begin to roll in. In the endeavor to limit discontent or miscommunication, the Social Security Administration (SSA) […]