IRS Tax Tip Regarding Filing Status

It’s time filing for tax return of year 2014. The Internal Revenue Services (the IRS) recently released tax tip regarding how to choose among five filing statuses, which are single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child. An individual’s marital status on … Continue reading

Winter Getaways Raises Medical Expenses

As retirees move away from up north to Florida, they are likely to face more medical tests than they would have done back home. Since Medicare has strict regulations on prices and procedures of medical testing, doctors can easily increase the items and volumes of testing. According to researches, Florida, … Continue reading

New Book Published: Social Security Works

Co-authors Nancy J. Altman and Eric R. Kingson have their new book on the social welfare system just published. Both of them are very supportive expanding the current social welfare system and believe that doing so will achieve “greater economic security for all of America’s working families.” They explained in … Continue reading

Being a Good Networker

Networking brings not only contacts but also investment and business in the future. Being a good networker first means to be shameless, and to get attention from people by praising them or by discovering similar interests or experiences. A second step is to speak out the right things, even about … Continue reading

IRS Releases Publications for Divorced or Separated Individuals, Small Business Retirement Plans, and Pension and Annuity Income

In the past few weeks, the IRS has released three publications, regarding divorced or separated individuals (Publication 504), small business retirement plans (Publication 560), and pension and annuity income (Publication 575) respectively.

Publication 504 covers filing information if the individual is divorced or separated from his or her spouse. It … Continue reading