The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2020
Many of the best retirement savings strategies use employer-sponsored retirement plans, such as a 401 (k) or individual plans, such as an IRA or Roth IRA. These retirement vehicles...
Posted by Flynn Financial Group Inc on 01/30/2020
A stretch IRA is a means to limit the distributions necessary for an older IRA, by avoiding the considerable collection of taxes in this process. Instead of designating the spouse...
Posted by Flynn Financial Group Inc on 01/30/2020
A tax refund loan is just that: a short-term loan against the income tax refund you receive before the IRS repays you. However, this is not necessarily a loan for the full amount of...
Posted by Flynn Financial Group Inc on 01/30/2020
What is a Subsidy?A subsidy is a benefit granted to a person, a company, or an institution, generally by the government. This is usually a cash payment or a tax exemption. The subsidy...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Health care is one of the most critical expenses for retirees, but not only because the elderly tend to access more medical services. Even if you've never seen your doctor, your...
Posted by Debi G Hill, CPA on 01/23/2020
Many benefits come with having a Roth IRA for your kids. In addition to the benefits of early investment, here are some reason a Roth IRA is suitable for your kids You can withdraw...
Posted by LLOYD J CAZES CPA on 01/23/2020
Medicare scam this day is taking a new turn. Many unscrupulous beings are in the habit of calling the innocent victim and disguising as Medicare, the insurance company, or even Social...
Posted by LLOYD J CAZES CPA on 01/23/2020
Tax filing season is in full force and many of my clients express a healthy fear of the IRS. Any agency that has the legal power to tax and take ALL of your money should be respected....
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
