The IRS has been in the news recently, and there are several rumors floating around on social media that we’d like to set straight. It’s simply NOT true that 87,000 IRS agents with guns will be coming after you any time soon! Here are the real facts. The Inflation Reduction Act signed by the President […]
In The News – Week Ending May 27, 2022 Federal tax revenue to increase by 19% in 2022, says CBO A large increase in the collection of individual income taxes is expected to result in a 19 percent jump in federal revenue in 2022, from $4.0 trillion to $4.8 trillion, according to The Budget and Economic […]
Summer Jobs and Taxes The tax man wants their share! Now is the time to prepare for the not-so-pleasant part of having a summer job – paying taxes! Here’s what you can expect depending on what type of job you have this summer. The employee. A job at a retail store or restaurant generates earned income […]
In The News – Week Ending May 20, 2022 IRS apologizes for destroyed information returns The IRS recently announced that it destroyed approximately 30 million unprocessed information returns because of “antiquated technology” that forced it to get rid of the documents. The federal agency promised to process all similar information return it has received so […]
Maximizing Your Working From Home Opportunity Flexible working arrangements appear to be here to stay. But the benefits of working from home also come with the challenge of maintaining an appropriate work-life balance and a high level of productivity. Here are several ideas to consider if you’ll be continuing to work from home, either full-time […]
