14 11, 2019

Younger renters and parents sacrifice more to make rent

By |2019-11-13T17:29:51-08:00November 14th, 2019|Real Estate|Comments Off on Younger renters and parents sacrifice more to make rent

As rents continue to steadily rise across the country, about a quarter of renters say affording their rent payments is difficult or very difficult. To make ends meet, two-thirds of those renters make at least one financial sacrifice to afford their home, and half wouldn’t be able to afford an unexpected $1,000 [...]

12 11, 2019

IRS provides tax inflation adjustments for tax year 2020

By |2019-11-10T19:36:37-08:00November 12th, 2019|Student Loans|Comments Off on IRS provides tax inflation adjustments for tax year 2020

The Internal Revenue Service recently announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2019-44 (PDF) provides details about these annual adjustments. The tax law change covered in the revenue procedure was added by the [...]

7 11, 2019

New poll says vaping is part of everyday teen life

By |2019-11-06T18:45:01-08:00November 7th, 2019|Lifestyle|Comments Off on New poll says vaping is part of everyday teen life

A new poll by Common Sense and SurveyMonkey says nearly eight in 10 teens (78%) report vaping is popular among their peers and a part of their daily experience, in real life, in schools, and on social media. One third (33%) say they see classmates vaping in school a few [...]

5 11, 2019

IRS, Treasury issue final regs on reporting requirements for life insurance contracts

By |2019-11-04T10:43:13-08:00November 5th, 2019|Finance|Comments Off on IRS, Treasury issue final regs on reporting requirements for life insurance contracts

The Internal Revenue Service recently issued final regulations on the new information reporting requirements for certain life insurance contract transactions. New Requirments The requirement was authorized under new section 6050Y, added to the Internal Revenue Code by the Tax Cuts and Jobs Act (TCJA), the tax reform legislation enacted in [...]

31 10, 2019

Nearly half of all gifts to be bought on Amazon for holiday season

By |2019-10-30T14:52:30-08:00October 31st, 2019|Lifestyle|Comments Off on Nearly half of all gifts to be bought on Amazon for holiday season

Malls are not the only places for holiday shopping. According to one report, holiday shopping on Amazon will be the place to be this season. In fact, about 42% of online shoppers are expected to purchase all or most of their gifts via the popular marketplace this year, according to [...]

29 10, 2019

IRS: tax professionals should renew PTINs now for 2020

By |2019-10-27T15:17:33-08:00October 29th, 2019|Finance|Comments Off on IRS: tax professionals should renew PTINs now for 2020

If you haven't done so yet, the Internal Revenue Service is urging tax return preparers to begin the upcoming 2020 filing season now by renewing their Preparer Tax Identification Numbers now. All current PTINs are set to expire on Dec. 31, 2019. “Last year we issued more than 813,000 PTIN’s [...]

24 10, 2019

About 60% who have lived in a haunted house said they found out after moving in

By |2019-10-23T15:34:36-08:00October 24th, 2019|Real Estate|Comments Off on About 60% who have lived in a haunted house said they found out after moving in

Would you consider living in a haunted home or would you run as far away as possible once you knew it was haunted? Nearly 60 percent of people who have lived in a haunted house didn't know it was haunted before they moved in, according to the realtor.com, fourth annual [...]

22 10, 2019

IRS has important tax info for military families

By |2019-10-19T14:30:31-08:00October 22nd, 2019|Finance|Comments Off on IRS has important tax info for military families

During October the Internal Revenue Service wants to remind honored military families they may qualify for specific and important tax rules and benefits. October is often associated with National Work and Family Month which was established in 2003 by a Senate resolution. October was chosen to help communicate and celebrate [...]

17 10, 2019

Majority of parents aren’t talking with kids about money

By |2019-10-16T14:04:24-08:00October 17th, 2019|Student Loans|Comments Off on Majority of parents aren’t talking with kids about money

While it may seem strange or premature to talk with your kids about finances, student debt, loans and the like, these are topics you will want to address at some point. But you're not alone when shying away from these types of discussions. A recent study reveals teaching financial education [...]

15 10, 2019

IRS: tips for taxpayers who engage in virtual currency transactions

By |2019-10-12T14:34:48-08:00October 15th, 2019|Finance|Comments Off on IRS: tips for taxpayers who engage in virtual currency transactions

As part of a bigger effort to help taxpayers and to enforce the tax laws in a fast-moving area, the Internal Revenue Service recently issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. Expanding on guidance from 2014, the IRS is issuing additional detailed [...]