News

Tuesday June 18, 2019

Our News
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Savvy Living
I recently received a strange call from an individual claiming to be a Social Security employee. The caller informed me...
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Washington News
On June 13, the Senate passed the Taxpayer First Act (TFA) and sent the bill to the President for his signature. The bill to reform the IRS received praise from leaders of both parties. Senate Finance Committee Chairman Chuck Grassley (R-IA) supported the bill and noted it is "a big first step toward strengthening taxpayer protections and turning the IRS into the customer service organization it ought to be." Senate Finance Committee Ranking Member Ron Wyden (D-OR) also spoke favorably about the IRS reform act. He stated, "Our bill includes critical provisions to improve customer service, protect personal data, preserve tax preparation services, and shield low-income taxpayers from abusive private debt collectors." The Taxpayer First Act includes seven specific areas designed to help taxpayers. Better Customer Service - The IRS will update and improve training of employees in its call centers. It will use detailed metrics to encourage call center employees to improve levels of customer services. Reasonable Settlements - Some taxpayers have financial problems and cannot pay their tax bills. In a few cases, the IRS will accept a lower amount for the tax bill under the "Offer in...
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Personal Planner
Parents have a number of reasons for making gifts to children. First, a parent should have sufficient resources for...
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