SIMPLE IRA Plans
Employee Contribution LimitsYou can make salary deferrals (salary reduction contributions) of up to $11,500 to a SIMPLE IRA plan. If you’re age 50 or over, you can contribute an additional…
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Employee Contribution LimitsYou can make salary deferrals (salary reduction contributions) of up to $11,500 to a SIMPLE IRA plan. If you’re age 50 or over, you can contribute an additional…
Read moreSome argue that taxpayers may refuse to pay federal income taxes based on their religious or moral beliefs, or objection to the use of taxes to fund certain government programs. …
Read moreThis argument asserts that wages, tips, and other compensation received for personal services are not income, because there is allegedly no taxable gain when a person “exchanges” labor for money. …
Read moreProponents of this argument contend that section 6020(b) obligates the IRS to prepare and sign under penalties of perjury a federal tax return for a person who does not file…
Read moreSome taxpayers assert that they are not required to file federal tax returns because the filing of a tax return is voluntary. Proponents point to the fact that the IRS…
Read moreThe Internal Revenue Service has issued several recent consumer warnings on the fraudulent use of the IRS name or logo by scamsters trying to gain access to consumers’ financial information…
Read moreTaxpayers need to be careful to protect their personal information. Identity thieves use many methods to steal personal information and then they use the information to file a tax return…
Read moreWASHINGTON — Police in Tampa, Fla., knew something was up when they noticed many of their biggest drug dealers were no longer on the streets. When one of the drug…
Read moreYou can deduct dues and initiation fees you pay for union membership. You can also deduct assessments for benefit payments to unemployed union members. However, you cannot deduct the part…
Read moreIf you were an eligible educator in 2010, you can deduct up to $250 of qualified expenses you paid in 2010 as an adjustment to gross income on Form 1040,…
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