Foreign Banks Forced to Report US Account Owners’ Tax Information to IRS
Under the FATCA law that bank account in the Cayman Islands will be reported to the IRS. Find out what this means in this Tax Tip.
GAO Report Reveals Why People Claim Social Security Benefits Early
Taking Social Security at 62 reduces your monthly benefit, but there are plenty of reasons people do so. Read what they are in this Financial Tip.
Only One Nontaxable 60-Day Rollover OK’d
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the IRS’ changes to IRA Rollover Rules. Read the Article
A View of Health Care from Around the World
Health care systems vary around the world, but they generally fall within one of four models. Read all about them in this Insurance Tip.
Retirement Myths and Realities
What will be your retirement reality? Do you know how much of it will be spent watching TV? Read about retirement myths and realities in this week’s Financial Tip.
Transactions Don’t Always Involve Money
If you trade your business services with another vendor for products, that barter is taxable income. We explain in today’s Marietta Daily Journal. Read the Article
How the Windsor Decision Affects Retirement Plans
The IRS and the DOL recognize legally married same-sex couples for tax and employee benefit purposes. Find out how this affect’s your business’s retirement plan in this week’s Business Tip.
Longevity Income Annuities
There is a possibility that you might outlive your retirement accounts. Longevity Income Annuities offer one solution. Learn more in this Insurance Tip.
Will the Affordable Care Act Affect Your Tax Return for 2014?
If you do not have health insurance during 2014, you may have to pay a penalty on your individual’s income tax returns. Learn more in this Tax Tip.
Tax Facts about Summertime Child Care Expenses
If you have children under 13 who require daycare while you work, you may qualify for a tax credit. Read all about it in this Tax Tip.