Browsing Tag
Taxes
70 posts
Senator Warren to Join Finance Committee, Will Introduce Wealth Tax
Senator Elizabeth Warren, D-Mass., will join the Senate Committee on Finance in the 117th Congress, she announced on…
How the Consolidated Appropriations Act Effects Retirement Plans
The Consolidated Appropriations Act, 2021 generally provides the annual funding for the federal government and also contains several…
Top 401(k) Political Story of 2020: Will Biden Swap Tax Breaks for Credits?
He’s slowing his roll on a number of issues now that the election is behind him, but what…
Warren Buffet Pushes for PPP2: ‘It’s Economic War’
Warren Buffett hearts small businesses. The Berkshire Hathaway chairman and “Oracle of Omaha” spoke with CNBC’s Becky Quick…
Explosive Trump Tax Return Report Generates Swift Reaction from Dems
Political reaction to The New York Times bombshell reporting Sunday that President Donald Trump paid just $750 in…
The Rising Tide of the Roth 401k
Many employer-sponsored retirement plan participants are conflicted in deciding which type of account is best for their 401k…
IRS Reveals 2020 ‘Dirty Dozen’ Tax Scams
How many times have we inadvertently clicked on a link, only to realize something is amiss? The angst…
IRS Announces CARES Act RMD Relief
If a retiree took a required minimum distribution but is having second thoughts in the wake of COVID,…
IRS Expands 401k Withdrawal, Loan Eligibility Under CARES Act
The Internal Revenue Service is making it easier (again) to access 401ks for loans and withdrawals. Released Friday,…
Once and For All: IRC and ERISA Say Cannabis 401(k) Plans Can Exist
I write to clarify and educate about the legal authority regarding how and why cannabis 401(k) plans are…