Learn about the changes to IRAs, 401(k)s, RMDs, and more
By DANIEL KURT | Read article on Investopedia Updated Jan 20, 2020The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, which originally passed the House in July, was approved by the Senate on Dec.19, 2019, as part of an end-of-year appropriations act and accompanying tax measure, and signed into law on Dec. 20 by President Donald Trump. The far-reaching bill includes significant provisions aimed at increasing access to tax-advantaged accounts and preventing older Americans from outliving their assets.
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IRS Tax Tip 2019-178, December 17, 2019
Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Small business owners should remember these two forms are not interchangeable. A small business files one or the other. The employer should never flip-flop between the two forms on their own, and should always file in accordance with their designated filing requirement. Here are some more details about these two forms. |
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April 2020
CategoriesAuthorSam S. Cozzi, Jr. is a family man, for whom inspired him to be the man he is today. To provide for his family he followed his interests which led him towards his career as a tax professional. |