May, 2019

Don’t Get Caught In a Phish Net

Data thieves don’t take a break.  EVER.  They are always working.  One might say they are workaholics.    The most common way for cybercriminals to steal money, bank account information, passwords, credit cards and Social Security numbers is to simply ask for them. Every day, people fall victim to phishing scams or phone scams that […]

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Have you reached or are you approaching 70-1/2 years?

When you reach the age of 70-1/2, you are required to begin taking retirement plan distributions.  Failure to do so could subject you to a surcharge by the IRS.  This distribution must be taken by April 1 of the year following the attainment of age 70-1/2.  These payments are called required minimum distributions (RMDs) and […]

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Here’s What the IRS Recommends that Taxpayers Should Do to Protect Private Data

(a reprint from an IRS notice) Taxpayers should protect their personal and financial data from criminals who continue to steal large amounts of information. Thieves use the data to file bogus tax returns and commit crimes while impersonating the victim. All taxpayers should follow these steps to protect themselves and their data. Keep a secure […]

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ABLE Accounts

You may have heard mention of ABLE accounts.  So, what is an ABLE account?  ABLE stands for Achieving a Better Life Experience for persons with disabilities. ABLE accounts are designed to help people with disabilities and their families save and pay for disability-related expenses. Though contributions are not deductible, distributions, including earnings, are tax-free to […]

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Record Retention and Disposal

You made it through tax season and you start thinking about the accumulation of records that you have for tax purposes – what to keep, what to dispose of, what to do.  Here are a few tips to help you do some spring cleaning: The IRS generally recommends that copies of tax returns and supporting […]

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