Month: June 2022

Mistakes happen Once you realize you made a mistake or forgot to include an important piece of information on your tax return, how you handle it depends on the situation. For instance, if you entered an incorrect Social Security Number (SSN) for yourself, your spouse, or a dependent, you need to fix it. If you
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Regardless of how your company feels about working from home during the COVID era, the only way to make it work is to be crystal clear about the policy. That way, there’s no gray area or ambiguity. Elon Musk, founder of Tesla and many other cutting-edge companies, sent a direct company-wide email to Tesla workers
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Emmanuel Faure | Getty Images Understanding the ins and outs of Social Security’s many rules around claims will help you make the best decisions when accessing retirement benefits. But a recent MassMutual poll given to people near or already in retirement shows that many have some brushing up to do on the program’s rules. The
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Last week, the Senate Finance Committee approved the Enhancing American Retirement Now (EARN) Act, moving closer to a potential agreement to reform retirement savings this year. That is one of several proposals recently introduced—including the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE)—that would improve the
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Ric Edelman, founder of the Digital Assets Council of Financial Professionals. Heidi Gutman | CNBC Bitcoin’s recent rout — including its recent drop below $20,000 — has given some cryptocurrency naysayers an “I told you so” moment. “How do you make a million? Invest a billion in bitcoin,” one panelist joked at a conference for
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The COVID-19 pandemic brought increased attention to U.S. global supply chains, as the pandemic impacted critical components within U.S. manufacturing. The attention has led to calls to structure U.S. tax policy to encourage firms to expand their manufacturing capacity in the U.S., under the belief domestic supply chains are inherently less risky than global ones.
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Facebook fundraisers have become a popular, easy way to raise money for worthy causes. With the social media platform boasting an estimated 2.74 billion monthly users, people have been able to solicit support for organizations that support causes near and dear to their hearts. Facebook even takes the step to prompt users to set up
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Holes in a proposed gun tax; IRS budget-to-be; offshore account troubles; and other highlights from our favorite tax bloggers. Difficult but important Tax Pro Center (https://proconnect.intuit.com/taxprocenter/): The busy season eventually fades into the off season, which in turn gives way to the second busy season before you can finally follow up with clients in November
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