by Ramdas | Jan 22, 2024 | Individuals Articles
As the IRS gets ready to open the 2024 tax filing season on January 29, 2024, the Tax Relief for American Families and Workers Act of 2024 has yet to pass the House and Senate. The Act contains retroactive tax provisions that could significantly impact taxpayer’s 2023...
by Ramdas | Apr 26, 2023 | Individuals Articles
We are thrilled to announce that Rachael Knapp, one of our esteemed professionals at Ramdas Accounting, has won the prestigious Five Star Investment Professional Award in 2023. This award is a testament to Rachael’s exceptional skills, expertise, and dedication...
by Ramdas | Jan 6, 2023 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Secure Act 2.0 has officially become a law. The Act has some serious consequences for retirement accounts. Below are some key takeaways: Change in RMD Age: The Secure Act of 2019 previously changed the required minimum distribution age from 70 ½ to 72. Secure Act 2.0...
by Ramdas | Aug 26, 2022 | Finance Friday, Individuals Articles, Student Loan, Tax Reform
Biden-Harris Administration Announces Final Student Loan Plans During their campaign, President Biden and Vice President Harris promised to provide student debt relief. On August 24, 2022, the administration announced a plan to forgive a portion of student debt and...
by Ramdas | May 17, 2022 | Financial Planning, Individuals Articles, Tax Articles, Tax Tuesday
In November of 2021, the IRS released Chief Counsel Advice (CCA) 202151005 discussing rental activities and if self-employment tax should be calculated. CCAs can be thought of as discussions the IRS have internally to state their views on certain items. They are not...
by Ramdas | Apr 12, 2022 | Individuals Articles, Tax Articles, Tax Tuesday, Withholding
The tax deadline is 6 days away (April 18). Did you get a surprise when finding out the results of your tax return for the year? Did you owe money? Was this something you weren’t expecting? One of the causes could be your tax withholding from your paycheck. ...
