WASHINGTON NEWS IRS Provides Natural Disaster Preparation Tips for Taxpayers With hurricane season underway, the IRS urges taxpayers to be prepared in the case of a natural disaster. In IRS Tax Tip 2018-130, the IRS provided helpful tips and information for taxpayers to consider before a natural disaster strikes. 1. Obtain a Copy of a […]
Weekly Market Wrap: Stocks continued higher as trade tensions eased and the S&P 500 hit a new all-time high after rising 7 of the last 8 weeks. For The Week The S&P 500 gained 0.86% to 2,874.69 Oil jumped 4.26% to $68.72 Gold rose 1.83% to $1,205.35 The US dollar fell 1.03% at $95.13 […]
Widow(er)s Benefits – Key Points Some key points to understand regarding widow(er)s benefits: Age requirement: If your client is the widow or widower of a person who worked long enough under Social Security, they can receive full benefits at full retirement age for survivors or reduced benefits as early as age 60. Earnings limits: […]
WASHINGTON NEWS Large Tax Refund in 2017 – Check your Withholding In IR-2018-163, the Service explained that taxpayers who received large 2017 refunds may be able to reduce their withholding amounts for 2018. Seven out of ten taxpayers in 2017 received a refund of $2,800 or more. These taxpayers should learn how the changes in […]
Weekly Market Wrap: Stocks were mixed last week and the S&P 500 rose for the 6th time in 7 weeks as trade and Turkish concerns eased while economic data was mixed but generally positive. For The Week The S&P 500 rose 0.59% to 2,850.13 Oil dropped 2.54% to $65.91 Gold fell 2.28% to $1,183.72 […]
If you want to be well off some day, diminish debt now It’s so easy to buy anything you want with a credit card. That piece of plastic makes you feel rich, doesn’t it? Getting everything you need now seems really smart. No cash needed. However, if you’re buried in debt, you can never […]
WASHINGTON NEWS IRS Encourages Taxpayers to Check Their Withholding Amounts The IRS is conducting a second “paycheck checkup” the week of August 13 in an effort to encourage taxpayers to calculate withholding amounts for their 2018 returns. In light of the new tax law, many tax filers will need to adjust their withholding amounts. The […]
Weekly Market Wrap: The S&P 500 fell this week after five straight weeks of gains as inflation data was tame but turmoil in Turkey turned markets lower at the end of the week. For The Week The S&P 500 slipped 0.25% to 2,833.28 Oil dropped 1.26% to $67.63 Gold lost 0.20% to $1,211.30 The […]
WASHINGTON NEWS IRS Public Wi-Fi Security Tips On August 1, as part of an ongoing series on data security, the IRS cautioned taxpayers and preparers to be careful when using public Wi-Fi. Many Americans use public Wi-Fi at coffee shops, hotels, restaurants and public events. With the proliferation of public Wi-Fi locations, there is easy […]
Weekly Market Wrap: The S&P 500 index rose for the 5th straight week as the FOMC held rates steady and the July employment report added less jobs than expected. For The Week The S&P 500 added 0.76% to 2,840.35 Oil slipped 0.58% to $68.49 Gold lost 0.79% to $1,213.73 The US dollar rose 0.54% […]
