Taxes

There is confusion about what happens when you inherit a Roth IRA. The rules surrounding required minimum distributions (RMD) from an inherited Roth IRA are different than the Roth IRA or Roth 401(k) you opened and funded yourself. Additionally, the RMD rules for your Roth IRA or Roth 401(k) differ from those for a traditional

Crypto taxes are back in the news. On Tuesday, President Joe Biden tweeted out an infographic that suggested that Congress should cut “Tax Loopholes That Help Wealthy Crypto Investors ($18 billion).” The language had some in the industry scratching their heads: What’s the $18 billion loophole? The White House did not clarify where the dollar

Senator Bernard Sanders (I-VT VT ) ; introduced S.1178, 118th Cong., 1st Sess. (April 18, 2023) and Representative Jimmy Gomez (D-CA) introduced H.R. 2676, 118th Cong., 1st Sess. (April 18, 2023), identical bills entitled “For the 99.5 Percent Act,”. WASHINGTON, DC – APRIL 18: Rep. Jimmy Gomez (D-CA) speaks during a press conference outside the

Once again, the most popular names for babies born in the United States are Liam and Olivia—Liam has topped the list for six years in a row, and Olivia has been the top choice for new parents for four years. The rankings are determined by Social Security Administration (SSA) data based on applications for Social

Our nation is facing a significant shortfall in young people entering the workforce as accountants. Setting aside the joy of accountants wanting to become lion tamers – the impact on the nation is potentially significant. I am seeing first-hand in discussions with our CPA Firm relationships across the country that the dearth of new accountants