The IRS just announced cost of living adjustments (COLA) affecting dollar limitations for pension plans and other retirement items for the 2012 tax year. Many of the pension plan limitations change for 2012 because the increase in the COLA index met the statutory thresholds needed. Some limitations will remain unchanged. Here are some of the [...]
More of us are online entering personal and sensitive data than ever before, increasing the risk for malicious malware and infections. It used to be all you had to do was check to make sure a site was secure (“https” not “http”), but no more. Scammers know that we are often too quick on the [...]
These innovative, do-good and just plain cool online companies led the way in 2010 — and will keep moving forward into 2011 and beyond. Some are new and others are “seasoned” players, but all made news in 2010. 1 – Groupon Turning down a 6 bil buyout takes guts, and clearly Groupon has that, and [...]
Under the new tax law taking effect January 1, financial institutions must report to the Internal Revenue Service not only gross proceeds, but also the adjusted cost basis for covered securities sold and whether the related gain or loss is long-term or short-term on your Form 1099-B. The new law could impact your taxes, so [...]
According to the 2007 US Census Bureau, about 20% of us made over $100K. In most urban areas, and two-income families, it’s about double that number. But for 2010 and beyond, at least in terms of converting to the Roth IRA, these numbers don’t matter anymore. The Way It Was For the old Roth IRA [...]
Today, May 29, is 529 College Savings Day. Haven’t Started, Give a Little, or Give a Lot? If you are in the “give a little” or even “haven’t started” category, I’d suggest looking into Ohio’s CollegeAdvantage 529 plan. Yes, the $25 signup bonus is on again; you have until June 30 to apply. Refer other [...]
The Tax History Project was established by Tax Analysts in 1995 to provide scholars, policymakers, students, the media, and citizens with information about the history of American taxation. The project pursues its mission through a program of web-based documentary publication and original historical research. Presidents release tax returns only for years they serve in office [...]
A lot of us wish that 2009 would hurry up and end already. Well, the end really IS near! It’s been a tough year; you don’t need to be hit by extra taxes or poor planning as well. No need to get fancy – use this Keep-It-Simple Checklist to get a snapshot of your tax [...]
What Every Property Owner Should Do In light of the recent precipitous downturn in property values, every property owner in California must do some basic homework: investigate whether or not their property tax assessment should be reviewed. As a homeowner or commercial property owner, you must be proactive: the assessor in your county may or [...]
