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Tax Tip – Businesses: Electronically file Form 8300 to report cash payments over $10,000

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Tax Tips – Businessess: Electronically file Form 8300 to report cash paymebt over $10,000 Businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is optional. To electronically file Form 8300, a […]

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Tax Tip – First time tax filers: IRS Free File can make filing easier

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IRS Tax Tip If taxpayers are filing a tax return for the first time, IRS Free File can help. This program provides free tax preparation, free electronic filing and free direct deposit for eligible taxpayers. The IRS Free File adjusted gross income (AGI) limit for tax year 2023 is $79,000 for families and individuals. Each provider sets its own

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Learn 5 Ways to Prevent Elder Abuse

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By Renee Ferguson, Acting Director of Native American Partnerships, Office of the Commissioner Each year, June 15 – World Elder Abuse Awareness Day (WEAAD) – promotes awareness about elder neglect and abuse. In the United States, an estimated 1 in 10 adults over the age of 60 experience some form of abuse each year. Nearly

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What is a Money Market Account and How to Get the Best Rates

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If you’re looking for ways to keep your cash safe from market ups and downs while still having it handy for bills or emergencies, a money market account could be just what you need. These low-risk deposit accounts combine the earning potential of a savings account with the convenience of a checking account. Money market

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What is a CD Ladder and how do you build one

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Rising interest rates mean banks are finally offering decent returns on deposits again. If you want to make the most of your cash, checking out certificates of deposit, or CDs, is a smart move. CDs are federally insured, just like you’re checking and savings accounts, but they usually come with much better interest rates. In

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Savings vs. Investing – How Do You Decide?

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Saving vs. Investing: How Do You Decide? There’s no magic number involved—it’s all about timing So, you’ve got some extra cash on hand. Now you need to decide whether to save it or invest it. Surprisingly, this decision isn’t about how much money you have. Nowadays, with apps offering no transaction fees and low

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The Tax Bill of Rights protects all taxpayers year round

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IRS Tax Tip 2024-02, Jan. 16, 2024 The Taxpayer Bill of Rights is the 10 rights all taxpayers have any time they interact with the IRS. These rights cover a wide range of topics and issues, and they explain what taxpayers can expect if they need to work with the IRS on a tax matter.

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What is FDIC Insurance

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What Is FDIC Insurance? Knowing the ins and outs can give peace of mind What is FDIC Bank failures—like what just happened with Silicon Valley Bank—can be pretty nerve-wracking, making you worry about losing all your savings overnight. But don’t stress too much, because the Federal Deposit Insurance Corp. (FDIC) has got your back.

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Tax credit and deduction for individuals

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IRS Tax Tip 2024-01, Jan. 4, 2024 Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax credits A tax credit reduces the income tax bill dollar-for-dollar that a taxpayer owes

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Embracing Unity: Warm Kwanzaa Wishes from the Minding My Business Family”

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Hey there, Minding My Business Family! As we gear up for the holiday season, it’s the perfect time to dive into the vibrant celebration of Kwanzaa. Picture this: a festive fusion of African traditions and a dash of ’60s activism – that’s the essence of Kwanzaa. Back in 1966, a trailblazer named Dr. Maulana Karenga

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Tax Tip – Businesses: Electronically file Form 8300 to report cash payments over $10,000

Tax Tip – First time tax filers: IRS Free File can make filing easier

What is a Money Market Account and How to Get the Best Rates

What is a CD Ladder and how do you build one

Savings vs. Investing – How Do You Decide?

The Tax Bill of Rights protects all taxpayers year round

What is FDIC Insurance

Tax credit and deduction for individuals

Embracing Unity: Warm Kwanzaa Wishes from the Minding My Business Family”