Did you know that the IRS can levy a portion of Social Security payments to satisfy tax liabilities? If the taxpayer does not make full payment, enter a payment agreement, or an offer in compromise the IRS has the administrative right to levy without a court order. What makes this
We all know it happens . . . Social Security fraud; in fact, there was a recent article of a granddaughter, who cashed her late grandmother’s benefit checks for over $440,000 (find more at https://www.theintelligencer.com/news/article/Feds-seek-prison-for-woman-in-440K-Social-16220262.php WHICH PROMPTED ME TO SHARE THIS: Just as important as checking your retirement benefits at
Changes expanding EITC for 2021 and beyond New law changes expand the EITC for 2021 and future years. These changes include: More workers and working families who also have investment income can get the credit. Starting in 2021, the amount of investment income they can receive and still be eligible
Press Release Monday, April 26, 2021 For Immediate Release Mark Hinkle, Press Officer firstname.lastname@example.org News Release SOCIAL SECURITY Commissioner Saul Communicates to Congress about the State of Social Security Services Andrew Saul, Commissioner of Social Security, wrote to key members of Congress to raise awareness of the resources Social Security
Tax Time Guide: IRS reminds taxpayers of recent changes to retirement plans | Internal Revenue Service normally plan account owners begin taking an RMD annually starting the year they reach 70 ½ or 72, depending on their birthdate and maybe the year they retire (SECURE) Act changed the age when
Bogged down with a pandemic backlog, the IRS paid out more than $3 billion extra to taxpayers who got late refunds last year — and it could happen again. By late January, the IRS was still processing 6.7 million returns from the 2019 tax year. And after filing opened on Feb. 12, nearly
It’s surprising how much is out there to help reduce expenses for Seniors! Bear in mind, though that some business are NOT allowed to ask you if – you would like a discount. Along the way, this question offended an individual, so asking for available discounts will better serve you.
You may or may not be eligible for a recovery rebate. If you received the two payments below made in 2020 and 2021, there is no need to act. 2020 first Economic Impact Payment was $1,200, $2,400 if married filing jointly and $500 for each qualifying child in 2020 2021 second Economic