Patrick F. Fetzer, CPA

09/26/2024

https://www.forbes.com/advisor/retirement/when-to-start-social-security/

Determining the best time to begin receiving Social Security benefits is a complex decision. You might have heard you’re supposed to wait until at least full retirement age, but that advice doesn’t work for everyone. Countless factors, like your own health or ability to easily work, could make p...

02/13/2024

https://www.msn.com/en-us/money/smallbusiness/30-000-irs-agents-target-11-5-million-small-business-owners-in-massive-fraud-investigation/ar-BB1idwjK?ocid=hpmsn&cvid=7d1090a7c4394e9d9b10e57bdc839cc3&ei=13

In a dramatic turn of events, the Internal Revenue Service (IRS) has mobilized a formidable force of 30,000 agents to pursue an astonishing 11.5 million small business owners across the United States.

09/15/2023

https://www.msn.com/en-us/money/retirement/here-s-a-reason-to-claim-social-security-benefits-at-62-you-might-not-have-thought-about/ar-AA1gL4cm?ocid=hpmsn&cvid=8ec983fff28546f3abe762b87fea12d1&ei=31

This often overlooked Social Security strategy isn't for the faint of heart.

09/08/2023

https://www.msn.com/en-us/money/taxes/the-irs-plans-to-crack-down-on-1-600-millionaires-to-collect-millions-of-dollars-in-back-taxes/ar-AA1gr0Y3?ocid=hpmsn&cvid=0cd82bf2514a44b289d0c6b0fe2bb547&ei=28

WASHINGTON (AP) — The IRS announced on Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes. IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of ...

02/08/2023

https://www.msn.com/en-us/money/taxes/over-16-million-taxpayers-from-states-like-california-should-hold-off-on-filing-their-taxes-because-of-extra-stimulus-checks-the-irs-says/ar-AA17giDT?cvid=a880f60d7abe42abaed354fe7ac74ecd

Many states handed out checks and rebates to help ease the sting of inflation. Now, that means that residents might have to wait longer for refunds.

02/07/2023

https://www.msn.com/en-us/money/taxes/a-30-national-sales-tax-abolishing-the-irs-what-the-fairtax-act-of-2023-would-do/ar-AA179NeV?cvid=fe8011b1af0c4b20866991bc52af194a

Rep. Earl “Buddy” Carter and 23 Republican colleagues have sponsored a bill to establish a 30% national sales tax. What else is in the Fair Tax Act?

12/12/2022

https://www.msn.com/en-us/money/smallbusiness/early-filers-should-wait-to-submit-their-tax-return-in-2023-the-irs-warns-here-s-why/ar-AA15bvWc?cvid=42d665f0a4444c4487662db479136436

The IRS has a warning for early tax filers: You'll need to wait for "key documents" before submitting your return. Here's what to know before filing.

11/29/2022

https://www.msn.com/en-us/money/taxes/7-tax-secrets-the-irs-won-t-tell-you/ss-AA12Nzlt?cvid=25f160ed45e64d36946a0a8ce5217d3d =8

The new year brings renewed motivation, a fresh set of resolutions and all the documents you'll need to file your returns for last year's taxes. Few people look forward to settling up with the IRS,...

10/21/2022

https://www.msn.com/en-us/news/politics/irs-raises-contribution-limits-for-retirement-savings-plans/ar-AA13eH1j?cvid=455ebcc43f3f4c1e8effe5750481a3af

10/21/2022

https://www.msn.com/en-us/news/politics/irs-raises-contribution-limits-for-retirement-savings-plans/ar-AA13eH1j?cvid=455ebcc43f3f4c1e8effe5750481a3af

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That's up from $20,500 this year. People....

10/19/2022

https://www.msn.com/en-us/money/taxes/irs-adjusts-tax-brackets-and-raises-standard-deductions/ar-AA138JfP?cvid=5a3e6c5f18f34316ad37aa7c50179e0a

The soaring price tags on food and other daily items across the U.S. may lead to lower taxes for many Americans, the IRS said.

07/27/2022

https://www.msn.com/en-us/money/retirement/the-no-1-reason-to-claim-social-security-at-age-62/ar-AAZWgjx?cvid=37906588cd954c1b96a1f7463753469b

It has to do with limiting your risk.