Recently, the Internal Revenue Service (IRS) has shifted its focus towards a particular type of business structure known as “pass-through” entities. This move ensures that high-income earners are held accountable for their…
Tag: IRS
Is IRS Notice 2023-55 About to Shake Up Your Retirement Finances?
The Internal Revenue Service (IRS) recently unveiled Notice 2023-55, which could significantly impact your retirement finances. This Notice provides temporary relief to taxpayers, helping them determine the credibility of a foreign tax…
Shocking Revelation: High-Income Savers Must Pay Taxes NOW on Retirement Contributions
Tags: retirement savers, catch-up contributions, taxes, Congress, Secure Act 2.0, retirement accounts, Roth basis, after-tax money, tax deduction, retirement planning, contribution limits, 401(k), retirement plans, Vanguard report, legislative errors, operational challenges, retirement…
Understanding FATCA: Top 3 Crucial Facts Every Retiree Needs To Know
Navigate your retirement years smoothly by understanding the key aspects of the Foreign Account Tax Compliance Act (FATCA). Discover its global reach, reporting obligations, and impact on retirement accounts.
