Posts Tagged ‘taxpayers’

Does the Economic Stimulus Plan Have Anything to Offer You?

Lee Rosenberg, CFP | March 23rd, 2009

I keep hearing from clients that the stimulus package sounds great in concept, but what is in it for them? All of the media attention is focused on bailing out the banks and big business, and I would have to agree that the news is dwelling on rescuing Wall Street and the like. But that being said, the stimulus plan does offer individuals and small businesses more tax credits, reductions and incentives than any that I can remember in my lifetime.

Consider that in the package are tax credits for education, health care, housing and more. There is extended aid for the unemployed and generous concessions for retirees. The plan also includes job programs, debt  


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What You Should Know About the GAO? Hint, its Alot

Sy Goldberg, CPA, MBA, JD | November 16th, 2008

In August 2008 the General Accounting Office (GAO) issued a Report to the Committee on Finance, U.S. Senate regarding Individual Retirement Account compliance issues.

The GAO Report is in excess of 50 pages and discusses the complexities of complying with the Individual Retirement Account (IRA) tax rules. I will help you understand just what this means for you.

 


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