The Internal Revenue Service announced recently that taxpayers can now log into their online individual accounts to view or submit Trump Account elections. This will make it easier for people to invest in the accounts, and provide a tool to invest, manage, and...
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IRS Hires New Employees but Wasn’t Prepared
In fiscal year 2024, the IRS onboarded 19,000 new employees using designated new funds for training to include a one-week orientation program, with a follow-up throughout the year, along with providing new employees with tools and resources necessary to succeed in...
Holding Someone Else’s Money a Little Too Long…
The California State Controller’s Office recently announced a program to help businesses that are holding on to unclaimed property that should have been turned over to the state in the past. As an attorney and business owner, the matter of holding unclaimed property...
The IRS Issues Guidance on Trump Accounts for Children Born in 2025-2028
Children born between January 1, 2025 through December 31, 2028 have the opportunity to elect to receive a $1000 investment thanks to the Trump Accounts under the Working Families Tax Cuts. To learn which children qualify, how to elect to receive the payment, what...
