IRS seeks applications for Electronic Tax Admin Advisory Committee

The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee also known as the ETAAC. According to an IRS news release, the ETAAC is an organized public forum for discussion of electronic tax administration issues, such as prevention of identity theft and refund [...]

By |2019-12-29T16:24:35-08:00December 31st, 2019|Finance|Comments Off on IRS seeks applications for Electronic Tax Admin Advisory Committee

Winter driving tips ⁠— even if you’re in Southern California

The winter season is on us, and the snowy and rainy conditions can make for challenging travel as family, friends, food and festive occasions even in Southern California. “As winter settles in, Californians will start to see a whole new set of extreme conditions,” said Caltrans’ Director Toks Omishakin in [...]

By |2019-12-25T18:51:38-08:00December 26th, 2019|Lifestyle|Comments Off on Winter driving tips ⁠— even if you’re in Southern California

IRS and Treasury finalize Opportunity Zone guidance

The Internal Revenue Service recently issued final regulations (PDF) providing details about investment in qualified opportunity zones (QOZ). The final regulations modified and finalized the proposed regulations (PDF) that were issued on Oct. 28, 2018 and May 1, 2019, according to an IRS news release. The final regulations provide additional guidance for [...]

By |2019-12-21T17:29:28-08:00December 24th, 2019|Finance|Comments Off on IRS and Treasury finalize Opportunity Zone guidance

Get to these European cities before 2019 ends

Well, 2019 is quickly coming to halt, which means it is time to plan your holiday travel before it is too late. To help, FlightHub and JustFly, two Montreal, Quebec-based online travel agencies, have put together their list of the top European cities to visit before the end of the year. So, pack [...]

By |2019-12-18T17:16:15-08:00December 19th, 2019|Lifestyle|Comments Off on Get to these European cities before 2019 ends

Dec. 31 deadline for most retirees to take required minimum distributions

The Internal Revenue Service reminds retirees born before July 1, 1949, that they usually must take distributions from their retirement plans by Dec. 31. The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who turned 70½ in 2019 are allowed to wait [...]

By |2019-12-14T19:11:33-08:00December 17th, 2019|Finance|Comments Off on Dec. 31 deadline for most retirees to take required minimum distributions

Continued economic growth, slower real estate price gains in 2020

if you are curious about what the real estate market will be like in 2020 you are in luck. A group of top economists who recently attended a consensus 2020 economic and real estate conference at the National Association of Realtors' first-ever Real Estate Forecast Summit offered insight into the [...]

By |2019-12-11T14:35:50-08:00December 12th, 2019|Real Estate|Comments Off on Continued economic growth, slower real estate price gains in 2020

Filing deadline for employer wage statements, independent contractors

The Internal Revenue Service is reminding employers and other businesses that wage statements and independent contractor forms still have a Jan. 31 filing deadline. Before the Protecting Americans from Tax Hikes (PATH) Act, employers, for the most part, had a longer period of time to file these forms. However, the [...]

By |2019-12-09T15:32:23-08:00December 10th, 2019|Finance|Comments Off on Filing deadline for employer wage statements, independent contractors

Report: winter is the best time to purchase a home

ATTOM Data Solutions, curator of a property database and property data provider of Data-as-a-Service (DaaS), recently released its annual analysis of the best days of the year to buy a home, which shows that only three days of the year offer discounts below estimated market value — all falling in [...]

By |2019-11-30T10:48:49-08:00December 5th, 2019|Real Estate|Comments Off on Report: winter is the best time to purchase a home

Final regulations confirm: making large gifts now won’t harm estates after 2025

The Treasury Department and the Internal Revenue Service recently issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. Treasury [...]

By |2019-11-30T10:47:08-08:00December 3rd, 2019|Finance|Comments Off on Final regulations confirm: making large gifts now won’t harm estates after 2025