Newsletter | News Brief
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Marc Gidney
Gidney & Company, P.A., CPAs
326 Seventy-First St
Miami Beach, FL 33141
305-866-6266
Feb 19, 2020
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What Taxes Will I Owe In Retirement?
I recently spoke with a prospective client who was adamant that he would not have to pay taxes in retirement. He read and printed an online article which indicated, “You will not owe these taxes in retirement.” That myth was …
Forbes
Work in the gig economy? Here's what you need to know about your taxes
If you haven't yet entered the gig economy, there's a fairly good likelihood that you will eventually, to earn extra income in retirement …
USA Today
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IRS to pay visits to high-income taxpayers who fail to file
If you earn six figures and haven't been filing your taxes, the IRS may come knocking. The agency said Wednesday that it is stepping …
ABC News
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Traditional vs. Roth IRA: New Rules Could Affect How You Save for Retirement
More Americans are working longer — and saving for retirement into their 70s. Last year, Congress stepped in to give these older …
Money
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Don’t Save Money On The Wrong Things
All philanthropists — whether they are a foundation leader, donor, professional athlete, corporate executive — want to be good …
Forbes
Withdrawing From a Traditional IRA: Rules & Regulations
Individual retirement accounts (IRAs) can help you boost your retirement savings. Traditional IRAs come with their own set of rules, and …
Investor Junkie
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Warning: Your Money Smarts May Be Fading
The bills, the Social Security payments, the checks that didn't get deposited, the meetings with your financial advisers, the insurance …
Kiplinger
How Does My Spousal Social Security Benefit Work?
If you have never worked or paid Social Security taxes (or not paid them for long enough), you will not be eligible to receive Social …
Investopedia
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4 reasons your tax refund won't reach your bank account
As much as people relish getting a tax refund, many others just dread seeing that money disappear to cover a host of delinquent …
USA Today
The Great Tax Refund Debate: Is Getting a Big Check from the IRS Smart or Dumb?
You're getting a federal tax refund! It's like finding a forgotten twenty-dollar bill in the pocket of your winter coat — but instead …
Money
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How Are Social Security Benefits Affected by Your Income?
The Social Security Administration (SSA) keeps a record of your earned income from year to year, and the portion of your income that …
Investopedia
Cartoon
"If you claim depreciation on the hat, I can save you a fortune on your taxes. Call me."
Copyright © Randy Glasbergen
Trivia
What year was the first penny minted?
See the answer below.
Six Tips For Traveling On A Budget
At a time where air travel costs 50% less than it did in 1982, it is no wonder that more people want to travel …
Forbes
What Year Was It?
Alamo Defenders Call for Help
What Year
In San Antonio, Texas, Colonel William Travis issues a call for help on behalf of the Texan troops defending the Alamo, an old Spanish mission and fortress under attack by the Mexican army.
The day was Feb 24. What year was it?
Quote of the Week
"Formal education will make you a living; self-education will make you a fortune."
Jim Rohn
Trivia Answer
What year was the first penny minted?
Answer: 1787
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Gidney & Company, P.A., CPAs
326 Seventy-First St
Miami Beach, FL 33141
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