Taxation in the United States

Money on the Table: Just 10% of Non-Retired Americans Plan to Wait to Age 70 to Claim Social Security According to Schroders Study

Retrieved on: 
Thursday, June 24, 2021
Professional services, Finance, Taxation in the United States, Retirement, Termination of employment, Social Security, 501(c)(3) organization

Other income-producing strategies mentioned include:

Key Points: 
  • Other income-producing strategies mentioned include:
    Four-in-ten retirees also said they wish they had taken a more aggressive approach to investing in retirement.
  • Generating income in retirement is more challenging than ever thanks to the prevailing low interest rate environment, said Mr. Schiffman.
  • Social Security is one piece of the puzzle, but its not a panacea.
  • Respondents were fairly evenly split by age and gender; age: 45-59 (367), 60-69 (348), and 70+ (285); male (501), female (499).

Capitalize and Bankrate Partner to Help Users Find and Roll Over Legacy 401(k) Accounts to Better Save for Retirement

Retrieved on: 
Thursday, June 24, 2021
Insurance, Human resources, Finance, Consulting, Banking, Accounting, Professional services, Small business, Other Professional Services, Retirement plans in the United States, Individual Retirement Accounts, Finance, 401, Taxation in the United States, Money, Rollover, Pension, Retirement, Economy, Capitalize, Bankrate, CAPITALIZE, BANKRATE

Were thrilled to offer Bankrate users direct access to Capitalizes 401(k) rollover platform for free -- and to partner with a team that shares our commitment to helping Americans effectively save for retirement.

Key Points: 
  • Were thrilled to offer Bankrate users direct access to Capitalizes 401(k) rollover platform for free -- and to partner with a team that shares our commitment to helping Americans effectively save for retirement.
  • By making it easy to find and roll over legacy accounts like 401(k)s, Capitalize helps individuals make the most of their retirement savings.
  • Capitalize manages the entire 401(k) rollover process for users through an online alternative to the manual, paper-based process of transferring retirement accounts.
  • Over time, Capitalize intends to help users manage all of their employer-sponsored and individual retirement accounts as they move throughout their career.

Texas Company Offers Flexible and Customized Property Tax Loans

Retrieved on: 
Wednesday, June 23, 2021
Economy, Money, Loans, Government, Property tax, Tax, Taxation in the United States, Taxation in Singapore, Taxation in the United Kingdom, Property tax in the United States, Mortgage loan

While property taxes vary by county, on average, Texas property tax rates are more than 50 percent higher than the national average.

Key Points: 
  • While property taxes vary by county, on average, Texas property tax rates are more than 50 percent higher than the national average.
  • The company offers residential property tax loans, which provide a low-interest rate that remains fixed for the duration of the loan.
  • Once a homeowner qualifies for the loan and signs the necessary documents, Texas Property Tax Loan Pros will immediately pay the entire amount of property tax due.
  • Anyone who is behind in their property tax payments or fears that they will not be able to make this year's payment should consider a residential property tax loan.

From the Tax Law Offices of David W. Klasing - Are You More Likely to Get Tax Audited or Criminally Investigated for Tax Fraud in 2021 & Beyond?

Retrieved on: 
Tuesday, June 22, 2021
Tax, Taxation in the United States, Internal Revenue Service, Tax investigation

Proposals spearheaded by President Joe Biden proclaim to target the tax gap through increased IRS staffing and technological capabilities.

Key Points: 
  • Proposals spearheaded by President Joe Biden proclaim to target the tax gap through increased IRS staffing and technological capabilities.
  • At The Tax Law Offices of David W. Klasing, we are ready willing and able to assist you with any of your tax needs.
  • Our experienced domestic and international Tax Attorneys and CPAs will help guide you through the complexities getting back into compliance without facing criminal tax prosecution.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...
    SOURCE Tax Law Offices of David W. Klasing, PC

50-State Data Report Confirms Urgent Need To Make Game-Changing Expanded Child Tax Credit Permanent

Retrieved on: 
Monday, June 21, 2021
Tax, Tax credits, Taxation in the United Kingdom, Child tax credit, Taxation in the United States, Kinship care

BALTIMORE, June 21, 2021 /PRNewswire/ --Today, as the federal government launched a new website and other resources for parents and caregivers eligible for an expanded child tax credit, the Annie E. Casey Foundation released a 50-state data report that argues for making the expansion permanent.

Key Points: 
  • BALTIMORE, June 21, 2021 /PRNewswire/ --Today, as the federal government launched a new website and other resources for parents and caregivers eligible for an expanded child tax credit, the Annie E. Casey Foundation released a 50-state data report that argues for making the expansion permanent.
  • Since then, the federal child tax credit has been increased as well as restructured to provide advance monthly payments to most families of $250 to $300 per child.
  • "Making the expanded child tax credit permanent will continue providing critical financial support for families who are struggling to make ends meet and help reduce long-standing disparities that affect millions of families of color."
  • Massachusetts, New Hampshire and Minnesota placed first, second and third in the annual KIDS COUNT rankings, which are based on pre-pandemic data.

Common Sense Launches "Campaign for America's Children" to raise awareness about new child tax credit and other benefits for kids and families in President Biden's American Rescue Plan

Retrieved on: 
Monday, June 21, 2021
Tax, Taxation in the United States, Tax credits, Child tax credit, Internal Revenue Service, Earned income tax credit

Individuals who filed their 2019 or 2020 tax returns will start receiving direct monthly child tax credit payments from the IRS on or about July 15.

Key Points: 
  • Individuals who filed their 2019 or 2020 tax returns will start receiving direct monthly child tax credit payments from the IRS on or about July 15.
  • Common Sense will use a combination of paid media, digital campaigns, and direct outreach to encourage eligible families to learn about the American Rescue Plan benefits by visiting the campaign's website ( www.campaignforamericaschildren.
  • com ), where they can access the IRS's newly created child tax credit portal and apply for advance child tax credit payments.
  • Common Sense was instrumental in securing American Rescue Plan bill funding to support broadband at home for K12 students, and also was a strong voice on the historic increase in the child tax credit.

FP Alpha Launches the Estate Planning Lab, a New Estate Planning Tool for Financial Advisors

Retrieved on: 
Thursday, June 17, 2021
Technology, Professional services, Other Technology, Finance, Financial advisors, Estate planning, Property law, Tax avoidance, Taxation in the United States, Planning, Financial adviser, Economy, Money, Academic disciplines

FP Alpha, an AI-driven, holistic wealth management solution for financial advisors, announced today the launch of The Estate Planning Lab which will allow advisors an automated way to upload their clients estate planning documents, such as wills and trusts, and display the flow of a clients current estate plan.

Key Points: 
  • FP Alpha, an AI-driven, holistic wealth management solution for financial advisors, announced today the launch of The Estate Planning Lab which will allow advisors an automated way to upload their clients estate planning documents, such as wills and trusts, and display the flow of a clients current estate plan.
  • FP Alpha then allows advisors to compare alternative estate plan scenarios, involving the new policy proposals, to what they currently have in place.
  • FP Alphas revolutionary platform empowers advisors to play an integral part in the overall estate planning process, said Marty Shenkman, estate planning expert and Founder of Shenkman Law.
  • FP Alpha is designed to integrate seamlessly into the many stages of the financial planning process and is complementary to the advisor's current financial planning software, starting where they stop.

Intuit Named a Best B2B Brand in Canada by 2021 Report on Business Ranking

Retrieved on: 
Thursday, June 17, 2021
Technology, Software, Taxation in the United States, Accounting software, Software, Business software, Intuit, TurboTax, QuickBooks, INTU, Credit Karma, the Report, The Globe and Mail, Intuit, THE REPORT, THE GLOBE AND MAIL, INTUIT

Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks, Credit Karma and Mint, is pleased to announce its inclusion on the inaugural Report on Business Best B2B Brands list , making it one of the top-regarded business brands in Canada.

Key Points: 
  • Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks, Credit Karma and Mint, is pleased to announce its inclusion on the inaugural Report on Business Best B2B Brands list , making it one of the top-regarded business brands in Canada.
  • Intuit provides solutions and programs that help consumers and small businesses navigate today's fast-changing business landscape with confidence.
  • A prime example is the Intuit Prosperity Accelerator , launched in partnership with Highline Beta at the height of the COVID-19 pandemic.
  • Best B2B Brands is a new annual research initiative produced by The Globe and Mails Report on Business magazine in partnership with Ipsos.

IRS Denies Religious Group Tax Exempt Status; States “Bible teachings” are “affiliated with the Republican party”

Retrieved on: 
Wednesday, June 16, 2021
Taxation in the United States, Charity law, Tax, Government, 501(c)(3) organization, 501(c) organization, 501(h) election, Internal Revenue Service, Nonprofit corporation, IRS targeting controversy

In a letter issued in May, the IRS argued that Christians Engaged was not eligible for 501(c)(3) status in part because [B]ible teachings are typically affiliated with the [Republican] party and candidates.

Key Points: 
  • In a letter issued in May, the IRS argued that Christians Engaged was not eligible for 501(c)(3) status in part because [B]ible teachings are typically affiliated with the [Republican] party and candidates.
  • The IRS states in an official letter that Biblical values are exclusively Republican.
  • The IRS violated its own regulations in denying tax exempt status because Christians Engaged teaches biblical values.
  • Christians Engaged incorporated in July 2019 as a Texas nonprofit corporation formed exclusively for charitable, religious, educational, or scientific purposes.

ClaimLogiq Announces First 15-Minute Itemized Bill Review

Retrieved on: 
Wednesday, June 16, 2021
Software, Technology, Health, Practice Management, Itemized deduction, Taxation in the United States

ClaimLogiq , a leading independently owned healthcare payment integrity company is announcing breakthrough technology that enables a complete end-to-end hospital itemized bill review in under 15 minutes.

Key Points: 
  • ClaimLogiq , a leading independently owned healthcare payment integrity company is announcing breakthrough technology that enables a complete end-to-end hospital itemized bill review in under 15 minutes.
  • View the full release here: https://www.businesswire.com/news/home/20210616005614/en/
    ClaimLogiq's 15-Minute Hospital Itemized Bill Review Simple Workflow (Photo: Business Wire)
    For over a decade, ClaimLogiq has been empowering analysts with its leading claim review platform, TrueCost, reducing review times of large, complex claims from days or weeks to just hours.
  • Claims pended for review are then paired with an itemized bill to be prepped for review.
  • ClaimLogiq is a healthcare software and technology company that delivers a proactive approach to payment integrity through a powerful, simplified solution.