IRS WAIVES PENALTIES FOR FARMERS FISHERMEN

IRS waives penalties for farmers fishermen. In IRS Revenue Notice 2022-13, the IRS issued a memorandum on granting a waiver of estimated tax penalties to qualifying farmers and fishermen, prompted by the inability of some of them to e-file the new Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations., by March 1st. The […]

SHOULD MARRIED COUPLES FILE JOINTLY

Should married couples file jointly. A choice is given to married couples at tax time, to file jointly or separately. Most married people automatically file joint returns because they can get a lower tax rate, but some situations exist where filing a joint return would in fact be better. Some of the reasons to file […]

SOCIAL SECURITY MEDICARE PART TIME WORK

Social Security medicare part time work. These and your retirement are all linked together, and careful planning must be used to determine the best results for your retirement. For some Americans, retirement turns out to be a fleeting status. “We’re seeing a trend of people retiring from a long term career and a while later […]

GOP MAY KEEP TAX

GOP may keep tax. The break from dogma by a party that has long reviled health tax boosts–and most things achieved by Obama–underscores Senate Majority Leader Mitch McConnell’s feverish effort to yank one of his and President Donald Trump’s foremost priorities from the brink of defeat. The change, proposed by Sen. Bob Corker, R-Tenn., would […]