IRS

Sequester: Doom or Snooze? 5 Points of View

Posted on 03/1/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsEveryone’s got an opinion on the sequester, from “the sky is falling” to “ho-hum.” Here are a few more perspectives on the impact of the $85 billion in federal spending cuts that kick in March 1. The sequester saves Social Security. Laura Clawson on Daily Kos Daily Kos staffer Clawson makes the argument that an alternative deal to stave off sequester likely would “gut Social Security.” Social Security and Medicare benefits are protected from the automatic cuts. But she quotes Rep. …

Taxpayers and Retirees: Heed These Deadlines To Avoid Pitfalls

Posted on 08/21/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsI’m betting that no one wants to pay more taxes than they must or be penalized for not following IRS rules. So as summer winds down, there are a few deadlines looming that taxpayers — and retirees in particular — will want to know about:  Sept. 30 — If you  inherited an IRA from someone who died last year and a charity was also listed as a beneficiary, this is the last day to redeem the interest that was specified for the charity. …

IRS Turns Attention To IRA and RMD Mishaps — And It Can Cost You

Posted on 07/2/2012 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkThe dreaded tax man is about to make life difficult for people who don’t take the required minimum distributions (RMD) from their retirement accounts, which  typically starts at age 70, and for IRA investors who may be socking away more in tax-free savings than they’re allowed. The crackdown on IRA errors by the Internal Revenue Service is part of an effort to bring in millions of dollars in tax penalties that go uncollected each year, reports smartmoney.com. Some 46 million …

Watch Out! Deadly Car Crashes Spike On Tax Day

Posted on 04/17/2012 by | Personal Health and Well-being | Comments

Bulletin Today | Personal HealthNothing may be certain but death and taxes, as Benjamin Franklin said, but a higher rate of deadly car crashes on tax day suggests the two unhappy events can also be inextricably combined. Canadian researchers who studied 30 years of U.S. traffic fatality data found that more Americans die in auto accidents on income tax day than on other April days — 226 fatal crashes on tax day versus 213 on a normal day, msnbc.com reports. Perhaps it’s because about …

Get Your Taxes Done For Free – Quick and Easy With AARP!

Posted on 02/8/2012 by | All the news that matters for Illinoisans over 50. | Comments

Your LifeHola, Jenn from the Comms team here letting you know about a great AARP Foundation program, the AARP Foundation Tax-Aide program. I seriously love this program and our Tax-Aide volunteers. Let me tell you why. The AARP Foundation Tax-Aide program is nationwide. No matter where you live, there is usually a site near you. Sites are open from February 1st through April 15th. Tax-Aide is run by fully trained and IRS-certified volunteers who love their work. Tax-Aide is completely FREE. …

AARP Tax-Aide Program Offers Free Tax Preparation Assistance

Posted on 02/7/2012 by | Washington D.C. | Comments

Money & SavingsFor many of us, the first quarter of the year is usually synonymous with tax season. Soon, 1099 and W-2 forms will start to hit mailboxes around the country. Have you begun preparing your paperwork? Tax season is a stressful time for many, but AARP is here to help: AARP Foundation Tax-Aide helps low- to moderate-income taxpayers have more discretionary income for everyday essentials, such as food and housing, by assisting with tax services and ensuring they receive applicable tax …

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