Did you hear the one about the employee who booked a cruise on the company credit card? Or the guy who tried to expense a couple of Jet Skis?

We’ve all heard about people who fudge their expenses, but some of them belong in an Expense Account Shenanigans Hall of Fame.

Determining whether to transfer your retirement nest egg to an after-tax account is complex.  Here's how to navigate opportunity costs, Medicare surcharges, the 'five-year rule' and more.

As individuals diligently save for retirement through various investment vehicles like IRAs (Individual Retirement Accounts) and 401(k)s, there comes a point when the government mandates that a portion of these savings be withdrawn.

These mandatory withdrawals, known as Required Minimum Distributions (RMDs), are subject to specific tax rules that every retiree should know. In this article, we'll delve into the world of RMDs and shed light on how they are taxed.

About 51% of small business owners are over the age of 55, according to the U.S. Census.

Given that most people in the U.S. retire in the 60s, that time will soon be coming up for many owners.

So far this year, part or all of 33 states have been declared federal disaster areas, and some areas have qualified more than once. Losses, especially in the wake of Hurricanes Milton and Helene, are expected to be in the tens of billions of dollars.

Part of the losses could be deductible for tax purposes for some victims, cushioning the blow. But there are strict and complex limits on disaster deductions.

“Tomorrow is the first blank page of a 365-page book. Write a good one.”
                 —Brad Paisley

Happy New Year!
 
And get ready for the tax filing season.