IRS Reminds Educators of Tax Benefits
Post

IRS Reminds Educators of Tax Benefits

IR-2017-166, Sept. 28, 2017 WASHINGTON — As teachers, administrators and aides have launched into their fall semester, taxes may not be on the top of their list. However, knowing what to keep track of now can help reduce the burden at tax time. The Internal Revenue Service reminds educators that there are three key work-related...

The Harvest Moon
Post

The Harvest Moon

Written by Victoria Jaggard Published by National Geographic, October 5, 2017 For sky-watchers in the Northern Hemisphere, the October full moon is pulling off a celestial trick that will be a real treat. On Thursday night, the sky will be aglow with this year’s harvest moon—the first time a full moon bearing this moniker has fallen...

The Equifax Data Breach
Post

The Equifax Data Breach

Source:  United Capital of Las Vegas Newsletter On September 7, 2017, Equifax announced a massive data breach that exposed vital personal identification data on as many as 143 million consumers, roughly 55% of Americans age 18 and older. The Equifax Data Breach On September 7, 2017, Equifax, one of the three main credit reporting agencies,...

Disaster Survival Skills For Every Situation
Post

Disaster Survival Skills For Every Situation

With Mother Nature constantly throwing a tantrum, it’s high time we learn disaster survival skills. Most especially for people living in disaster-prone areas. Source:  survivallife.com/disaster-survival/ Disaster Survival Skills That Could Save YOU and Your Neighbors Life It takes more than just preparing for the basic survival food kit, water, and shelter. Having an advanced knowledge to sustain life...

Hiding Assets To Thwart IRS Tax Collection Can Be Criminal
Post

Hiding Assets To Thwart IRS Tax Collection Can Be Criminal

Written by:  Robert W. Wood , Forbes.com Criminal tax charges are not common, and not every charge ends in a conviction. Still, any tax charge is serious, and charges for obstructing the IRS certainly are. For example, a federal grand jury in the District of Hawaii has indicted a businessman and his accountant with tax crimes, including...

Americans’ financial well-being reaches its highest level in 10 years
Post

Americans’ financial well-being reaches its highest level in 10 years

Source AICPA.com Written by Samiha Khanna Americans enjoyed a 10-year high in their personal financial standing during the second quarter of 2017, according to the AICPA’s Personal Financial Satisfaction Index (PFSi). The index weighs positive and negative economic factors that contribute to the personal financial well-being of the average American. A positive rating means that financial...

IRS Warns of New Phone Scam
Post

IRS Warns of New Phone Scam

IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer IR-2017-107, June 15, 2017 WASHINGTON – The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate...

Memorial Day History
Post

Memorial Day History

Three years after the Civil War ended, on May 5, 1868, the head of an organization of Union veterans — the Grand Army of the Republic (GAR) — established Decoration Day as a time for the nation to decorate the graves of the war dead with flowers. Maj. Gen. John A. Logan declared that Decoration...

Home Office Deduction Often Overlooked by Small Business Owners
Post

Home Office Deduction Often Overlooked by Small Business Owners

WASHINGTON — The Internal Revenue Service today reminded small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners. As part of National Small Business Week (April 30-May 6), the IRS is highlighting a series...

Traditional IRAs vs Roth IRAs
Post

Traditional IRAs vs Roth IRAs

Do you know the difference between an IRA and a Roth IRA? More than half of all Americans don’t—and we admit the two can be confusing. But we’re here to break it down. Both types of IRAs largely function the same way. You can only contribute $5,500 a year, and you can only withdraw money...