Handling divorce and everything that concerns the situation is never easy, so the tax implication will likely be the last thing on your mind. Divorce affects a person emotionally,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/07/2022
Tax penalties are not to be messed with but avoided. During every tax season, the IRS and Justice Department arrest faulty taxpayers. The scenario is threatening to many taxpayers...
Posted by Rosovich & Associates, Inc. on 10/07/2022
Early withdrawal has a downside to your retirement account. Retirees can take up to 100,000 dollars from their account as of 2020 tax-free. However, the 100,000 dollars is placed per...
Posted by Rosovich & Associates, Inc. on 09/27/2022
Ever heard of the TAP? Well, you have nothing to worry about as you're not alone. What is TAP?TAP is a Federal Tax Advisory Committee to the IRS. The purpose of TAP is to...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/21/2022
You are definitely in good company if you receive your tax refund this year. Every year, millions of taxpayers get a lot of money from the IRS as soon as they file their returns. But...
Posted by Rosovich & Associates, Inc. on 09/10/2022
Students may want to start their credit journey with a new card. But being eligible for a traditional credit card can be difficult when you have limited income and bad credit history.This...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/03/2022
The tax year is here again, and people should expect fake IRS letters from scammers. Since Uncle Sam is sending out bills or notices to taxpayers, many scammers are exploring this...
Posted by Rosovich & Associates, Inc. on 09/02/2022
With a medical power of attorney, you can appoint someone to make healthcare decisions if you cannot make those decisions yourself.Although much of estate planning focuses on finances,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2022
Now, consumers can benefit from education and complaints through the Consumer Financial Protection Bureau. The administration heads banks, lenders, and big nonbanking institutions,...
Posted by Rosovich & Associates, Inc. on 08/24/2022
