Here’s the best and worst cities if you’re looking for a job

With the unemployment rate at 3.7% and many businesses desperate to hire workers, the personal-finance website WalletHub released its report on 2022’s Best & Worst States for Jobs To ease the process of finding employment for job seekers, WalletHub compared the 50 states across 35 key indicators of job-market strength, [...]

By |2022-11-30T12:52:12-08:00December 1st, 2022|Finance|Comments Off on Here’s the best and worst cities if you’re looking for a job

Filing season readiness for tax pros: review data safeguards

As tax professionals begin preparing for the upcoming filing season, reviewing security measures should be at the top of their to-do lists. The Taxes-Security-Together Checklist can help tax them identify the basic steps they should take to safeguard their clients and their business. Here are some of the recommended safety measures, [...]

By |2022-11-30T11:40:57-08:00November 29th, 2022|Finance|Comments Off on Filing season readiness for tax pros: review data safeguards

PTINs expire soon – tax pros renew online for faster processing

There are more than 750,000 active tax return preparers that must renew their Preparer Tax Identification Numbers now for 2023. All current PTINs will expire on Dec. 31, 2022. Anyone paid to prepare or assist in the preparation of all, or a substantial part of any U.S. federal tax return must [...]

By |2022-11-19T11:15:29-08:00November 22nd, 2022|Finance|Comments Off on PTINs expire soon – tax pros renew online for faster processing

Treasury, IRS expand program for approving some retirement plans

The Treasury Department and Internal Revenue Service recently announced the expansion of one of their programs for approving retirement plans. The IRS will now allow 403(b) retirement plans used by certain public schools, churches, and charities to use the same individually designed retirement plan determination letter program currently used by [...]

By |2022-11-12T11:40:57-08:00November 15th, 2022|Finance|Comments Off on Treasury, IRS expand program for approving some retirement plans

Taxpayers should check if their tax withholding is just right

There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There's still time left in 2022 to make changes and see the benefit on their tax return next year. An adjustment made now will [...]

By |2022-11-05T10:15:35-08:00November 8th, 2022|Finance|Comments Off on Taxpayers should check if their tax withholding is just right

Info for making early withdraws from retirement funds

No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these costs sometimes people, withdraw funds from their retirement savings early. While this may seem like an easy way to get cash quickly, early withdrawals can come with heavy penalties and costly [...]

By |2022-10-29T11:20:44-08:00November 1st, 2022|Finance|Comments Off on Info for making early withdraws from retirement funds

Certified volunteers make a difference for millions of taxpayers

Every year, IRS-certified volunteers help millions of taxpayers across the country file their tax returns. Volunteering is a great opportunity for anyone who wants to make a difference in their community, learn about tax preparation and earn continuing education credits, according to a news release. There are Two IRS Volunteer Programs The Volunteer Income [...]

By |2022-10-26T10:28:36-08:00October 25th, 2022|Finance|Comments Off on Certified volunteers make a difference for millions of taxpayers

States where employers are struggling to hire people

With the labor force participation rate at 62.3%, one of the lowest rates in decades, a new survey shows which  States are Where Employers Are Struggling the Most in Hiring. To see where employers are struggling the most in hiring, WalletHub compared the 50 states and the District of Columbia [...]

By |2022-10-19T11:38:24-08:00October 20th, 2022|Finance|Comments Off on States where employers are struggling to hire people

Taxpayers with disabilities have equal access to IRS services

The IRS reports it is committed to serving all taxpayers, including people with disabilities. By providing reasonable accommodations, the IRS reports it ensures that all taxpayers with disabilities have equal access to the agency's programs, activities, and services. There are Many Possible Reasonable Accommodations, Including Things Like: Building accessibility provisions; [...]

By |2022-10-15T10:41:52-08:00October 18th, 2022|Finance|Comments Off on Taxpayers with disabilities have equal access to IRS services

FBAR ext. deadline nears for foreign bank, financial account holders

The Internal Revenue Service reminds U.S. citizens, resident aliens and domestic legal entities that the extension deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is Oct. 15. For additional information about filing deadlines, filers should look to Financial Crimes Enforcement Network's (FinCEN) website. Filers who [...]

By |2022-10-08T10:35:46-08:00October 11th, 2022|Finance|Comments Off on FBAR ext. deadline nears for foreign bank, financial account holders

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