In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises.
In November 2022, the Chrisleys finished out a trial that would see them sentenced to 12 years for Todd and seven years for Julie. Full story.
Taxpayers should be aware of the recent increase in IRS-themed texting scams aimed at stealing personal and financial information. In the last few months, the IRS reports that “smishing” has reached an industrial scale and multiple large-scale smishing campaigns have delivered hundreds of thousands of IRS-themed messages in hours or a few days, far exceeding previous levels of activity.
The IRS has a staggering 90.6% conviction rate when it comes to these tax types of crimes. Learn more.
Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). You should be cautious that you legitimately qualify for the credit as the IRS is on the lookout for abuses.
As the country emerges from the COVID pandemic and supply chain issues, along with the fallout from the war in Ukraine, the country has been experiencing high inflation rates that negatively impact the cost of everyday living, including food, gas for your vehicle, utilities and more. But there is one shining light: tax-related inflation adjustments that will benefit most taxpayers.
A recent Treasury Inspector General Report indicates 4.1 million taxpayers are entitled to $1.1 billion in refundable child tax credits for 2021. If you are one of those, you need to take some action to claim your refund.
The recent substantial downward slide by the stock markets may provide a unique opportunity to convert your traditional IRA to a Roth IRA at a low cost, and then benefit when the markets recover.