Prentice Income Tax Services

Can I Guard My Assets From Nursing Homes Using an Irrevocable Trust? Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable ...

What is a Living Trust and What are the Benefits? (Living Trust 101) Chances are you have heard of wills, and there are reasons for that. However, we are here to discuss living trust and its benefits. Claim Your FREE 45 minute...

January 23rd the official start of 2023 tax season

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IRS Operations During COVID-19: Mission-Critical Functions Continue | Internal Revenue Service The Internal Revenue Service reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments. To protect the public and employees, and in compliance with orders of local health authorities around the country...

Internal Revenue Service | An official website of the United States government Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

IRS Acceptance Date 2023: When will the IRS start processing electronic returns? The start of a new year means that IRS will soon start issuing tax rebates, which will bring good news to households across the US. The process can be a lengthy one, but, thanks to

As the Fed Turns 109 Years Old, the US Dollar's Purchasing Power Eroded by More Than 96% Since It Was Created – Featured Bitcoin News Since the Federal Reserve started, more than 96% of the greenback’s purchasing power has been erased via inflation.

The SECURE 2.0 Act’s Impact On Roth IRAs As 55% of Americans say they don’t have enough saved for retirement, this bipartisan legislation primarily seeks to make it easier to contribute to retirement plans and use those funds appropriately for their needs in retirement.

New Law Will Bring Twists to Roth IRAs and 401(k)s Among the new twists in the bill Biden is expected to sign is a chance to move leftover money in a 529 college savings account to a Roth IRA.

This former top Obama official says one silver bullet would raise $500 billion in personal-income tax ‘Today, the IRS has fewer auditors than it had at any point since World War II.’