I hear numbers like 70 ½, 72, 73, and 75. When Must I Take Money from My IRA? The Confusion Unveiled! Short answer is 73. However, starting IRA distributions earlier could be wiser to pay less taxes to Uncle Sam! 70 ½ was the rule for almost 50 years (1986 -2019). So anyone that was…
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Protect Your Finances: Unmasking Tax Scams That Target Business Owners and Individuals
Learning about the scams is the best protection. Learn the warning signs of Employee Retention Credit scams Attention Business Owners: Beware of the Employee Retention Credit (ERC) Pitfall! ERC is real but scammers are claiming fraudulent claims for business owners. Ignoring ERC eligibility or compliance could lead to the IRS to audit YOU. Making…
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