13288309-1-l1

August 27, 2014 

Clever Financial Strategy For Reporting Interest Earned On U.S. Savings Bonds

Currently over 50 million individuals own nearly $178 billion worth of U.S. Savings Bonds. Many don’t realize that savings bonds are subject to federal income taxes when they are either cashed in or reach final maturity, whichever comes first. The difference between the purchase price and the cash-in value is considered reportable interest. When savings…

medicaid1

August 19, 2014 

Report: Illinois Overdrew from Federal Medicaid Account

Illinois overdrew money from a federal Medicaid account by an average of $60 million per quarter over a three-year period because of "faulty" and "imprecise" practices, according to a federal audit released Monday.

retirement-blog-department-of-treasury-seal-building1

August 18, 2014 

IRS Issues New Regs for Longevity Annuities, Exempt from RMD Rules

People are living longer due to medical advances and other factors. So it only stands to reason that outliving your retirement savings is becoming a greater concern. Nevertheless, the IRS continues to insist that elderly taxpayers make “required minimum distributions” (RMDs) from their qualified retirement plans and IRAs each and every year.

Ken Berry, JD

paychex app 5616ac0475157

August 14, 2014 

Paychex Flex

The Paychex Flex app can be used by previously registered Paychex Online users. Paychex Flex keeps employers and employees connected to the most vital payroll and benefits features. Available features will vary and are dependent upon your company's ...