Article Published by: mjscpa.com Disaster planning is usually associated with businesses. But individuals need to prepare for worst-case scenarios, as well. Unfortunately, the topic can seem a little overwhelming. To help simplify matters, here are five keys to disaster planning that everyone should consider: 1. Insurance. Start...
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Article Published by: money.cnn.com Do you think today's 50-year-olds can count on getting their Social Security benefits when they retire? Will we get any money at all from the Social Security system? -- Anita, Littleton, Colo. You can't adequately prepare for retirement without factoring Social Security into...
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Article Published by: cnbc.com Gig economy workers have good reason to be wary of the taxman. Independent contractors are among the taxpayers most at risk of failing to accurately report their income at filing time, according to a new survey of enrolled agents — those federally licensed...
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Article Published by: taxpayeradvocate.irs.gov At a recent hearing before the Subcommittee on Oversight of the Committee on Ways and Means, I was asked a seemingly simple question about what types of guidance taxpayers can rely on. Unfortunately, the answer is not simple at all. Generally speaking, there are...
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Article Published by: hometracks.nascar.com NASCAR is a passion-driven sport. Passsion from the competitors, from the team personnel, and especially from the fans. Few bring more passion than newly-minted NASCAR Whelen Modified Tour champion car owner Mike Smeriglio III. One of the best brand ambassadors in the Whelen...
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Article Published by: mjscpa.com The Achieving a Better Life Experience (ABLE) Act of 2014 created a tax-advantaged savings account for people who have a qualifying disability (or are blind) before age 26. Modeled after the well-known Section 529 college savings plan, ABLE accounts offer many benefits. But...
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Article Published by: money.cnn.com 401(k) balances reached a record high last year, thanks to a soaring stock market and larger contributions from workers participating in the savings plans. At Fidelity, the average 401(k) balance hit $91,300 by the end of 2014. While that's up just 2% from...
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Source: taxpayeradvocate.irs.gov The Taxpayer Advocate Service (TAS) will conduct Problem Solving Day events in communities throughout the country in the coming months and year. During these events, TAS employees from a local office will be available to assist taxpayers in person with tax problems they have...
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Article Published by: money.cnn.com However you make your money -- by working or by investing -- you can pretty much count on owing taxes to the federal government. In most places you will also owe taxes to your state government, too. For now, though, let's just consider...
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Article Published by: mjscpa.com Few purchases during your lifetime will be as expensive as buying a home. Whether it’s your primary residence, a vacation home or an investment property, how you choose to pay for it can have a significant impact on your financial situation over...
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