Taxes can be a major burden for retirees and people saving for retirement, so choosing the right investment vehicle is essential. However, once you retire, one of the most important things to consider is how you will receive your income. Many people choose to annuitize their retirement savings, which can be a great way to…
How to Avoid Paying Taxes on Annuities
June 24, 2023
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How to Donate Money to Reduce Taxable Income
When you need to reduce taxable income and have already used up other options, you can donate money to charitable organizations. There are several ways to make a tax-deductible donation by following some guidelines. In most cases, you will need to itemize your deductions. To do so, you will need to have more deductions than…
Lower Taxes on Your RMDs
By Sandra Block From Kiplinger’s Personal Finance When confronted with a task that’s necessary but joyless, it’s human nature to put it off until the last minute. And for some retirees, taking withdrawals from their retirement savings accounts is another chore that falls to the bottom of their to-do list. Investments in traditional Individual Retirement…
[PREMIERING NOW] Behind the Hunter Biden Plea Deal
June 20, 2023
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Hunter Biden, the son of President Joe Biden, is accepting a plea deal on charges for tax evasion and a gun violation. A Department of Justice letter offering Hunter Biden the deal was released Tuesday. It notes that Hunter Biden has agreed to plead guilty to two misdemeanor counts of “willful failure to pay income…
Behind the Hunter Biden Plea Deal
June 20, 2023
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CrossroadsEpochTVFeatured TopicsHunter BidenJoe BidenLive VideosPlea DealPolicies & ImpactstaxUSUS NewsVideo
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Hunter Biden, the son of President Joe Biden, is accepting a plea deal on charges for tax evasion and a gun violation. A Department of Justice letter offering Hunter Biden the deal was released Tuesday. It notes that Hunter Biden has agreed to plead guilty to two misdemeanor counts of “willful failure to pay income…
[PREMIERING 7:00PM ET] Behind the Hunter Biden Plea Deal
June 20, 2023
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CrossroadsEpochTVFeatured TopicsHunter BidenJoe BidenLive VideosPlea DealPolicies & ImpactstaxUSUS NewsVideo
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Hunter Biden, the son of President Joe Biden, is accepting a plea deal on charges for tax evasion and a gun violation. A Department of Justice letter offering Hunter Biden the deal was released Tuesday. It notes that Hunter Biden has agreed to plead guilty to two misdemeanor counts of “willful failure to pay income…
How to Get the IRS to Waive Your Tax Penalties
Sometime after your tax time, you may get a letter from the Internal Revenue Service (IRS) stating there is a problem with your tax forms and taxes you paid—or failed to pay. The letter may also say that you have a tax penalty. The good news is that you may have made a simple mistake…
Self-Employed Americans Must Pay Taxman by June 15 Deadline: IRS
June 13, 2023
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The June 15 due date is fast approaching for filing second-quarter tax returns for American taxpayers like those who are self-employed, failing which they can face penalties. Quarterly tax payments for this year are due on April 18, 2023, June 15, 2023, Sept. 15, 2023, and Jan. 16, 2024. Quarterly estimated tax payments are usually…
How AI Is Transforming the Accounting Industry and What the Future Will Look Like
By Matt Bontrager You can’t survive in a fast-paced environment without financial management—there is no argument with that. Bookkeeping is the key to surviving that environment. Historically, bookkeeping has been a labor-intensive and time-consuming process. We are going to see a sweeping shift in how our early adopters in this industry leveraged artificial intelligence (AI) effectively:…
Wind Knocked out of New Zealand Flatulence Tax as Opposition Withdraws Support
June 8, 2023
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The world-first flatulence tax appears to have been derailed after the main opposition party in New Zealand pulled its support for the legislation. The National Party has said it will no longer support the He Waka Eke Noa, a partnership between agriculture leaders and the government that proposes farmers individually calculate and pay for their…
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