Qualified Retirement Plans: Know the Rules

The IRS annually releases its Required Amendments (RA) list, which includes changes that individually designed retirement plans may need to make in order to remain qualified under the Internal Revenue Code. The most recent RA list was released via Notice 2017-72,...

New IRS Guidance on State and Local Taxes

The IRS will be addressing the deductibility of state and local tax payments for federal income tax purposes. It’s a reminder that federal law controls payments for federal income tax purposes no matter how state law wants to view things. The Tax Cuts and Jobs...

What to Take Out of Employees’ Paychecks

The rules for withholding federal payroll taxes are quite straightforward, applying to most employees in the United States, regardless of location. The rules tend to be more complicated on the state side, however, as they are location specific and may even include...

Are Annuities Right for You?

Annuities are financial products sold by insurance companies that allow you to put aside money, have it increase each year without paying taxes and then trigger a stream of future payments on a timetable you can control. Unlike IRAs, there’s no income limit on...

Passwords: Making Them Hard to Crack

Why work on making your passwords stronger? Hackers will attack the low-hanging fruit first. What attackers will do is steal the storage of passwords on a vulnerable screen. These passwords are encrypted, but with tools like Pwdump, Airodump-Ng and the Meterpreter,...

Check Your Withholding Now

The IRS is urging two-income families and folks who work multiple jobs to complete a paycheck checkup to verify that they’re withholding the right amount of tax from their paychecks. You can check out the IRS Withholding Calculator to help navigate the...