Author Archive | Advanced Asset Management

Washington Hotline – June 11, 2019

WASHINGTON NEWS IRS Enhances Taxpayer Protections In IR-2019-101, the Service explained its latest efforts to protect taxpayers from identity thieves. Taxpayers, professional advisors and third parties (such as colleges and universities providing student assistance) have regularly requested tax transcripts from the IRS. Because identity thieves have been obtaining tax transcripts and filing fraudulent returns, the […]

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Teens

Teach money management before kids go to college       

Give teens financial tools they need Too many teens get their first shot at managing money after they’re out of high school. By that time, they’re already hooked on fads, fashions and fast food. Some college-bound seniors apply for extravagant amounts of financial aid just to cover optional expenses, such as cars, clothes, concerts, electronic […]

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Washington Hotline – May 28, 2019

WASHINGTON NEWS Time for a “Paycheck Checkup” With employment in America at high levels, many two-income families and taxpayers with multiple jobs should perform a “Paycheck Checkup.” In IR-2019-97, the Service explained why these taxpayers should check their withholding amounts. Because 2018 was the first year for full implementation of the massive changes in the […]

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Washington Hotline – May 21, 2019

WASHINGTON NEWS Senators Thune and Casey Support CHARITY Act On May 15, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act. The bill expands giving options for IRA charitable rollovers and addresses other charitable provisions. The CHARITY Act includes four major provisions. If it is […]

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