IRS Warns of New Identity Theft Scams

  • September 3, 2009

The IRS is reminding taxpayers to be aware of identity theft scams using the IRS name, logo or website address to deceive taxpayers into believing they are being contacted by the agency. These scams request personal and financial information, such as bank account numbers, commonly by email. The IRS does not contact taxpayers or request personal information by email. Suspicious email should be forwarded to the IRS at phishing@irs.gov, and immediately deleted from the taxpayer's inbox.

Debate Continues Over Health Care Reform And Tax Incentives During Congress’ Summer Recess

  • September 3, 2009

Congress' summer recess has been anything but quiet, as lawmakers address concerned Americans throughout the country at town hall meetings on controversial health care reform. A number of health care reform proposals are on the table, as well as revenue raisers to pay for those reforms.

5 Tips For Handling Your IRA During A Recession

  • August 27, 2009

Sometimes there can be a silver lining in a down economy, but you have to be paying attention to see them. Here are some ideas that should capture your attention.

Cash For Clunkers May Be Nearing An End

  • August 20, 2009

Auto dealers are worried about the government running out of funds before they get reimbursed for these incentives. Wednesday Transportation Secretary Ray LaHood said he wants to let the dealers know when they are getting close to running out of the additional $3 billion in funds allocated for the program.

Second Quarter 2009 Brings Many Important Tax Developments

  • August 4, 2009

The second quarter of 2009 saw significant federal tax developments from the White House, Congress and the IRS. Many of the developments relate to temporary tax breaks in the American Recovery and Reinvestment Act of 2009 (2009 Recovery Act), which Congress passed in February to help stimulate the U.S. economy. Additionally, important guidance for individuals, businesses and pension plans also came from the IRS. This article describes some of federal tax developments that occurred during the second quarter of 2009.

Lawmakers Struggle To Pay For Health Care Reform

  • August 4, 2009

Health care reform continues to elude Congress as lawmakers struggle to find ways to pay for its estimated $1 trillion cost. The House is poised to pass a massive health reform bill, America's Affordable Health Choices Act (H.R. 3200), which includes a surcharge on higher income individuals. The Senate, however, is unlikely to pass its version of health care reform before Congress' August recess. A final bill is not expected to pass Congress until the fall or maybe later.

If You Are “Rich” Obama Wants Your Money

  • July 20, 2009

If you were taking a wait and see approach to assessing the Obama presidency you might want to read this article by Bill Carlino of Accounting Today. In his article he describes all of the changes implemented by the Obama administration so far and several of the proposed changes. If you are "rich" according to Obama's definition be prepared!

IRS Issues New Rules For 403(b) Retirement Plans

  • July 1, 2009

written by Joe Page Changes Are Substantial While the Internal Revenue Service and Department of Labor have collectively spent a considerable...

IRS Updates COBRA Premium Assistance Guidance For Employers And Dislocated Workers

  • July 1, 2009

Many unemployed individuals want to keep their former employer-provided health insurance but the cost is too high. To help pay for COBRA continuation coverage, the American Recovery and Reinvestment Act of 2009 (2009 Recovery Act) provides a temporary subsidy. COBRA premium assistance is available for individuals who are involuntarily terminated from employment between September 1, 2008 and December 31, 2009.