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With the start of school just around the corner, taxpayers should be aware of the following tax breaks and deductions available for qualifying expenses, according to the audit defense service TaxAudit.com.
August 8
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Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
August 5 -
Many taxpayers have multiple Individual Retirement Accounts and 401(k) accounts, and as the baby boom generation enters its retirement years, more clients than ever are going to need advice from a tax professional about how to handle the complicated rules for required minimum distributions from the accounts once they finally retire.
July 29 -
Tax practitioners and their baby boomer clients are beginning to cope with a monumental financial and tax eventthe onset of required minimum distributions from traditional IRAs and qualified plans.
July 28 -
A torrent of money has started to flow from the IRAs and qualified plans used by over 77 million U.S. baby boomers to save for retirement.
July 27 -
For some accountants, the only QDRO they will see will be part of their own divorce decree. But for many others, advising on QDROs is a part of their practice.
July 21 -
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Retirement plans are often considered strategic advantages for businesses, yet many small businesses do not offer their employees 401(k) plans. As an accountant, this is a discussion you can have with your business clients, to help them understand the value of retirement plans and how they can build upon the success of their company.
July 8 -
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What the IRS giveth, the IRS taketh away. At age 70½, the bill comes due on all those tax-deferred savings accounts weve been building, and this week the oldest baby boomers will begin to reach that finish linewith many millions more to follow.
June 27
