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United States: Understanding The Latest IRS Guidance On 401(k) Hardship Distributions (Podcast) - Ogletree, Deakins, Nash, Smoak & Stewart

In 2018, Congress passed legislation and the IRS issued proposed regulations relaxing the requirements for 401(k) plan hardship distributions.
Tags: News, Congress, United States, Irs, Stewart, Ogletree Deakins Nash Smoak


Self-employed? Shave Your Tax Bill Down With These 14 Deductions

By Brittany Hamilton April is around the corner and entrepreneurs across America are anticipating the sweet smells of spring… and the gut-wrenching stress of tax deadlines. But for the self-employed, there’s a flower for this thorn—and it’s deductions. One of the simplest ways to reduce your income tax bill is to ensure you’re claiming all of the deductions available to you. To help you make the most of it, I’ve compiled a big list of write-offs that may be available to sole proprietors and smal...
Tags: Business, Money, America, Irs, Operations, Right Now, Constantin Stanciu Shutterstock, Brittany Hamilton April, Brittany Hamilton, Bench Accounting North America


Turbotax vs. TaxSlayer vs. Credit Karma Comparison

Looking to find the best way to file your taxes and save the money this tax season? Look no further than this comparison of three excellent options: TurboTax, TaxSlayer, and Credit Karma. E ach option listed here gives you a way to walk through your tax filing virtually, and they all file your taxes for you with the federal and state governments. All have various levels of support and guidance when you are filing your taxes, though. So depending on what you need, one option may serve your need...
Tags: Apple, Taxes, Marketing, Customer Service, Irs, Credit Karma, Federal, Turbotax, TurboTax TurboTax, Credit Karma Tax, Credit Karma Comparison, TaxSlayer Credit Karma, Try Credit Karma Tax Turbotax, TaxSlayer Review Credit Karma Tax, Federal 29 State Ultimate Same, State Try Credit Karma Tax Signing Up Signing


A Comprehensive Guide to Due Diligence Issues in Mergers and Acquisitions

By Richard D. Harroch, David A. Lipkin, Richard V. Smith, and John Cook Mergers and acquisitions typically involve a significant amount of due diligence by the buyer. Before committing to the transaction, the buyer will want to ensure that it knows what it is buying, what obligations it is assuming, the nature and extent of the seller’s contingent liabilities, problematic contracts, litigation risks, intellectual property issues, and much more. This is particularly true in private company acquis...
Tags: Organization, Sales, America, San Francisco, ISO, David, Xerox, Silicon Valley, Epa, John, Department Of Justice, Richard, Wall Street Journal, Irs, San Francisco Bay Area, Orrick Herrington Sutcliffe


United States: With IRS Retraction, Lump Sum Buyout Opportunities For Retirees Are Permitted Once Again - Seyfarth Shaw LLP

On March 6, 2019, the IRS announced its intention to abandon further efforts, at least temporarily, to prohibit defined benefit plans from offering voluntary lump sum cashouts to retirees who are
Tags: News, United States, Irs, Seyfarth Shaw


5 Tips for Saving Money When You Have Low Income

Most of us want to save money so we can build wealth and plan for the future. We have goals we want to reach (like traveling) or things we want to buy (like a dream home). However, this can seem impossible when you’re surviving on low income. According to CNN, 25 million American households are living paycheck to paycheck. When money is tight, saving any amount can be the last priority on your list. You’re just trying to get by. So how do you save more money when you’re making minimum wage? How...
Tags: Motivation, Saving Money, Marketing, Debt, Investing, Cnn, David, Frugality, Irs, Make Money, EITC, Better Yourself


FinCEN, FBAR and other tax costs that prompt or slow U.S. expatriations

The rate of Americans giving up their citizenship has slowed in the last few years. Are lower taxes a reason for fewer expatriations? Immigration remains at the top of most news lists, especially since the Democratic-controlled House and Republican-led Senate both rejected Donald J. Trump's emergency declaration to shift funds to build a U.S.-Mexico border wall. But the reverse phenomenon of U.S. citizens formally leaving the country forever isn't getting as much attention as it has in th...
Tags: Taxes, Mexico, Massachusetts, Gop, United States, Maine, House, State Department, Irs, Bsa, Don, Internal Revenue Service, Treasury Department, Donald J Trump, FinCEN, Financial Crimes Enforcement Network


2019: Is It Worth Paying Your Taxes On A Credit Card To Earn Miles? A Breakdown By Card Benefits And Value

On the IRS website you can find a processor that charges 1.87% to process your tax payment via credit card. You can make estimated payments at any time. You can make 2 payments per credit card processor for each quarterly estimate and for your year end bill. You can make another 2 payments each time by […]
Tags: Deals, Credit Cards, Irs, Miles & Points


IRS Allowed $74 Million in Excess Social Security Tax Refunds, Watchdog Finds

Despite progress spotting wrong amounts on returns, agency lacks clear detection criteria.
Tags: Oversight, Irs


Buzzy AI software startup UiPath in talks to raise a mega funding round at a possible $7 billion valuation

UiPath is in talks with investors about a major new funding round that could double the buzzy startup's valuation, to as much as $7 billion, sources told Business Insider. The round, likely to close in early April, is led by institutional investors including Coatue, with likely participation from others like T. Rowe Price, one source said. It could make UiPath, which builds software robots that can carry out repetitive office functions, the world's most valuable artificial-intelligence startup...
Tags: Google, New York, Microsoft, California, Softbank, Trends, Army, Romania, Sequoia Capital, Huawei, Blackstone, Irs, Sequoia, Samsung Galaxy, T Rowe Price, Coatue


On “1099 Employees” and “Full-Time Freelancers” and Other Oxymorons

There are certain expressions in the employment law world that don’t make much sense.   Call them: Employment Law Oxymorons. At least for me, hearing an employer ask what they should do about their “1099 Employees” is one of them. Let’s back up one step: Employees are paid wages and as such, they get issued a W-2 tax form at the end of the year. Independent contractors are paid fees and as such, they should be issued a 1099 tax form. See the difference? So when someone says a “1099 employee”, ...
Tags: Law, Irs, Employee, Independent Contractor, Human Resources (HR) Compliance, Wage & Hour, Manager & HR Pro’s Resource Center, 1099, W-2, Featured Content, Factors, Oxymoron, 1099 Employee, Employee Misclassificaiton, Full Time Freelance


12 Apps that Make Tax Time Easier for Solo PR Pros

With the arrival of spring and longer, warmer days, the last thing a busy Solo PR Pro wants to do is spend more time indoors making sense of receipts, expenses, and other data in preparation for filing taxes. Download these apps now to make your day-to-day business life a little easier. Just think, by this time next year the annual struggle won’t be so bad at all. Bookkeeping QuickBooks, Freshbooks, Gusto, Xero, Zoho – most every bookkeeping program now has an app allowing you to keep up w...
Tags: Pr, Irs, Getting Started, William Iven, Michelle Kane, Voice Matters LLC Michelle


TurboTax vs FreeTaxUSA Comparison

Looking for help preparing your taxes on your own? There’s no shortage of tax prep software available for a variety of situations. As you try to decide which program to use, it can help to make a comparison. Here’s what you need to know about TurboTax vs FreeTaxUSA. B oth TurboTax and FreeTaxUSA offer you the chance to do your own taxes, for a price. However, TurboTax does cover more situations than its competitor, and is known for its customers service and trustworthiness. Additionally, Turbo...
Tags: Taxes, Marketing, Customer Service, EA, Irs, Turbotax, TurboTax Deluxe Homeowners, Best Tax Return Software Programs TurboTax


7 red flags that could trigger an IRS audit of your taxes

If you get too generous with your calculations, you may need to back up your tax return. Here's what could trigger an IRS audit.            [Author: USA TODAY]
Tags: Usa, News, Usa Today, Irs


United States: The IRS Does An "About-Face" On Restricting A Key Pension Plan De-Risking Strategy - Hunton Andrews Kurth LLP

If you are looking for options to lower your annual PBGC premiums and reduce overall pension liability (including plan termination liability), a retiree lump-sum window may again be a viable option.
Tags: News, United States, Irs, PBGC, Hunton Andrews Kurth LLP


Charity events in the San Fernando Valley, March 18-25

  Shane’s Inspiration at Griffith Park. (Photo copyright RecWest Outdoor Products, Inc./courtesy)   Here is this week’s sampling of charities in the San Fernando Valley area that need your support through donations or volunteer work.   EVENTS   Oral health screenings for children in Burbank area: Kids’ Community Dental Clinic for Children offers children ages six-months to age 18 a free oral assessment by volunteer dental professionals, March 18-30 and April 22-27. If necessary, one free ...
Tags: Charity, Sport, Soccer, Beverly Hills, Volunteer, Stryker, Local News, Beverly Hills Hotel, Irs, Fundraiser, West Hollywood, Judy, Burbank, Sun Valley, Shane, KROQ


United States: Strategies For Dealing With The IRS: Going To Court (Video) - Jones Day

This video is the final in a four-part series on Jones Day's approach to dealing with the IRS. In it, partner Chuck Hodges discusses stage four - going to court.
Tags: News, United States, Irs, Chuck Hodges


More than $1.4 billion in tax refunds awaiting claims by taxpayers who didn't file in 2016

Photo by GotCredit via Flickr CC Most of the focus on tax refunds this year has been on how many people are unpleasantly surprised by how small they are. In many (probably most) cases, the relatively small refunds are because people didn't adjust their payroll withholding last year to account for the Tax Cuts and Jobs Act (TCJA) changes to income tax rates and earnings brackets. Now we have another refund situation that also can be blamed on filers, or actually on nonfilers. Yes, I'm talk...
Tags: Taxes, Massachusetts, Time, North Dakota, Idaho, Maine, Wisconsin, Ira, District Of Columbia, Irs, Don, Internal Revenue Service, Uncle Sam, EITC, Charles Rettig, GotCredit


IRS Schedule 3: Find 5 Big Tax Breaks Here

Can you get some money off your tax bill? Get the details with this new tax form.
Tags: Finance, Article, Irs, FBN, Motley Fool, Fbn/markets, Fox-business/markets, B97a00e7-2a4c-5eb5-ba8e-39512d33fb62


Dakota residents have biggest federal tax bills, says study

Nobody likes to owe taxes at filing time. And if you owe too much, you could face added penalties for not having enough money withheld or underpaying estimated taxes throughout the year. But every year, lots of folks find they have to write a check to the U.S. Treasury or set up a payment plan with the Internal Revenue Service. The financial technology company SmartAsset.com recently took a look at where the U.S. taxpayers have the biggest tax bills. High plains tax bills: Sorry, Dakotans. Yo...
Tags: Taxes, California, North Dakota, New Hampshire, South Dakota, North, District Of Columbia, Sam, Irs, U S Treasury, Internal Revenue Service, Dakota, SmartAsset


Our housing allowance: safe for now with appeals court ruling

Clieveden House, Germantown We clergy love our minister’s housing allowance and want to keep it. It’s our very own Sacred Clergy Tax Break and the most important item in the tax code that recognizes clergy and gives us favorable treatment under the tax law. Unsurprisingly, some want to clean up the tax code and eliminate the tax break that is given to ministers but not to others. The Freedom From Religion Foundation has challenged this twice. Both times the federal district court ruled in thei...
Tags: Religion, Irs, Freedom From Religion Foundation, SBC Issues, Annie Laurie Gaylor, Edward Zelinsky, Biltmore House, Peter J Reilly, Dan Barker


Our housing allowance: safe for now with appeals court ruing

Clieveden House, Germantown We clergy love our minister’s housing allowance and want to keep it. It’s our very own Sacred Clergy Tax Break and the most important item in the tax code that recognizes clergy and gives us favorable treatment under the tax law. Unsurprisingly, some want to clean up the tax code and eliminate the tax break that is given to ministers but not to others. The Freedom From Religion Foundation has challenged this twice. Both times the federal district court ruled in thei...
Tags: Religion, Irs, Freedom From Religion Foundation, SBC Issues, Annie Laurie Gaylor, Edward Zelinsky, Biltmore House, Peter J Reilly, Dan Barker


Tax refund fraud: IRS crackdown ensnares legitimate taxpayers

While the IRS efforts to reduce tax refund fraud have been successful, legitimate taxpayers have been caught up in the process, delaying refunds.            [Author: USA TODAY]
Tags: Usa, News, Usa Today, Irs


A Comprehensive Guide to Due Diligence Issues in Mergers and Acquisitions

By Richard D. Harroch, David A. Lipkin, Richard V. Smith, and John Cook Mergers and acquisitions typically involve a significant amount of due diligence by the buyer. Before committing to the transaction, the buyer will want to ensure that it knows what it is buying, what obligations it is assuming, the nature and extent of the seller’s contingent liabilities, problematic contracts, litigation risks, intellectual property issues, and much more. This is particularly true in private company acquis...
Tags: Organization, Sales, America, San Francisco, ISO, David, Xerox, Silicon Valley, Epa, John, Department Of Justice, Richard, Wall Street Journal, Irs, San Francisco Bay Area, Orrick Herrington Sutcliffe


United States: IRS Lifts Moratorium On Lump-Sum Windows For Participants In Pay Status - Smith Gambrell & Russell LLP

In 2013 and 2014, several high-profile pension plans offered participants who were currently receiving benefits the opportunity to cash out
Tags: News, United States, Irs, Russell LLP, Smith Gambrell


IRS Schedule 2: Will You Owe Extra Tax?

Get the line-by-line help you need to understand this new tax form.
Tags: Finance, Article, Irs, FBN, Motley Fool, Fbn/markets, Fox-business/markets, 717f2b6b-1cbd-5864-8049-9dc5f69f62d3


No, that is not the Taxpayer Advocate Service calling in latest IRS impersonation tax scam

If a phone call from someone claiming to be with an official tax office doesn't sound quite right, it's because it's probably a scam call. (Photo by rocketace via Flickr) I'm not a paranoid person. And the only conspiracy theories I've ever paid attention to were the for-entertainment-purposes-only ones promoted on television's The X-Files. But I've got wonder if the tax crooks who are working nonstop to steal our identities and tax refunds also are colluding to troll the Internal Revenue...
Tags: Taxes, Brooklyn, Social Security, Houston, Irs, Ftc, Fox Mulder, Don, Department of Motor Vehicles, Federal Trade Commission FTC, TAS, Taxpayer Advocate Service, IRS Telephone Scam, Taxpayer Advocacy Panel, Internal Revenue Service Case, IRS Phone Scam


TaxAct vs. H&R Block vs. TaxSlayer: Which is the Best, Low-Cost Tax Services?

How are you filing your taxes this year? We’ve compared three of the big names in budget-friendly tax software to help you decide on one. Find out which comes out on top, here’s TaxAct vs. H&R Block vs. TaxSlayer. Table of Contents A Little Bit About Each Product Key Features Pricing Sign-Up Process Security Mobile Support & Accessibility Customer Service & Support Bottom Line: Which One Wins? Editor’s Note: Pricing is up to date as of March 3, 2019 I t’s almost tax time and you know wh...
Tags: Amazon, Taxes, Marketing, Customer Service, Military, Irs, Puerto Rico, Turbotax, H R Block, HSA, TaxAct, H R Block H R Block, Starting, TaxSlayer, IRS Publications, TaxAct Express


Ways to stymie tax identity theft attempts and scams

I attend fitness classes — OK, mostly yoga and I tend to head into Savasana a bit sooner than most of my fellow yogis — several times a week at my neighborhood club. Most of the members have been there for year and it's got a community feel. Still, I am always amazed at how much personal information folks share about themselves with people they really don't know very well.  Many folks, in fact, share stuff albeit unintentionally with total strangers as a recent piece by Kate Klonick for the New...
Tags: Taxes, New York Times, Social Security, Sam, Irs, Don, Internal Revenue Service, Dirty Dozen, Savasana, Kate Klonick, Klonick, Irwin Altman


Client gets new mortgage after failing to pay 2nd for eight years

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey:  The 30-year fixed averaged 4.31 percent, down 10 basis points to a 13 ½-month low. The 15-year fixed rate averaged 3.76 percent, down 7 points from last week. The Mortgage Bankers Association reported a 2.3 percent increase in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on ...
Tags: Business, Real Estate, Housing, Los Angeles, Sport, Soccer, Mortgage, Orange, Irs, Southern California, Freddie Mac, FHA, Newport Beach, Michael Nicastro, Nicastro, Laguna Niguel