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IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

Nov 16, 2015 | Tax deductible

WASHINGTON — The Internal Revenue Service today reminded non-credentialed tax return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS beginning in 2016, and take action by Dec. 31, 2015, to avoid...
Tax Preparedness Series: Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31

Tax Preparedness Series: Most Retirees Need to Take Required Retirement Plan Distributions by Dec. 31

Nov 13, 2015 | IRA, Tax Planning and Deductions

WASHINGTON — The Internal Revenue Service today reminded taxpayers born before July 1, 1945, that they generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31. Known as required minimum...
WHAT MOTIVATES PEOPLE TO RETIRE OR NOT—DEBUNKING SOME MYTHS

WHAT MOTIVATES PEOPLE TO RETIRE OR NOT—DEBUNKING SOME MYTHS

Nov 11, 2015 | Do You Know, Retirement Plans, Tax Planning and Deductions

An eye-opening story that we read on Business Wire draws on new research from Fidelity Investments® in collaboration with the Stanford Center on Longevity. As noted in the article, a “survey, one of the largest of its kind, is based on responses from more than 12,000...
IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016

Nov 11, 2015 | Tax Planning and Deductions

WASHINGTON — The Internal Revenue Service [on Oct. 21] announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because...
UNWELCOME SURPRISES IN RETIREMENT THAT YOU CAN AVOID

UNWELCOME SURPRISES IN RETIREMENT THAT YOU CAN AVOID

Nov 9, 2015 | Do You Know, Planning for Longevity, Retirement Plans

Surprises are foolish things. The pleasure is not enhanced, and the inconvenience is often considerable.—Jane Austen And that can also sometimes be said for financial surprises in retirement. As David Ning writes in a fine usnews.com piece, “surprises routinely catch...
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