Taxation · 07/23/2025

This article discusses how to verify your tax return to ensure filing safety. Upon receiving an IRS notice, users must provide relevant tax information and complete the verification process through the IRS website. If under 18, users should contact the IRS for assistance.

Finance · 08/05/2025

The U.S. Department of Treasury has announced that starting September 30, 2025, paper Social Security checks will be completely discontinued, and all federal payments will transition to electronic transfers. Individuals involved must complete their payment setups before the deadline to avoid disruption in welfare distribution.

Taxation · 07/29/2025

The IRS urges tax professionals to develop a Written Information Security Plan (WISP) to prevent identity theft and data breaches. Implementing a WISP not only meets legal requirements but is also a crucial step in protecting both client and personal interests. The National Tax Forum will discuss effective strategies to construct this security plan.

Finance · 07/31/2025

The US stock market continued to rise, setting a new record for the S&P 500 index due to better-than-expected corporate earnings and positive trade agreements. However, Microsoft is facing cybersecurity issues as its security vulnerabilities may be exploited due to internal leaks. Meanwhile, Eli Lilly's new Alzheimer's drug, Kisunla, has received positive reviews, indicating that competition in this area is expected to intensify.

Taxation · 07/23/2025

Tax professionals need to enhance their information security awareness to protect client data against cyber crime threats. Adhering to legal regulations, establishing security plans, and participating in security summits are crucial measures to combat cyber crime and safeguard both client interests and professional reputation.

Taxation · 02/27/2025

This article provides a detailed interpretation of the tax issues related to social security and railway retirement benefits, including which benefits are taxable, required information, and considerations for international taxpayers, helping retirees better plan their taxes.

Taxation · 08/13/2025

This article explores the tax issues related to Social Security and Railroad Retirement benefits, helping readers understand which benefits may be taxable. It provides essential calculations and information aimed at assisting readers in better financial and tax planning.

Finance · 04/28/2025

UK Chancellor Reeves prioritizes UK-EU trade relations over UK-US trade, signaling a shift in post-Brexit economic policy. The Sunak government plans to unveil a draft UK-EU agreement covering fishing quotas, food exports, and youth mobility. Home Secretary Cooper is open to a youth mobility agreement, but emphasizes the need for a cap on numbers. The UK is seeking to balance economic benefits with domestic politics. This agreement aims to improve trade flow and cooperation with the EU while addressing concerns regarding immigration and sovereignty within the UK.

Finance · 01/22/2025

This article provides a detailed explanation of how Social Security retirement benefits are calculated in the United States, covering contribution methods, the point system, eligibility standards, and its relationship to financial planning. It offers practical information for professionals and immigrants.

Taxation · 09/03/2024

This article discusses new measures by the IRS and ED to simplify the federal student aid application, including real-time sharing of limited tax information, protecting personal privacy, and reducing the use of paper forms, aimed at enhancing application efficiency and security.

Taxation · 07/25/2025

This article provides a detailed overview of the safety background check and IT security training requirements that IRS contractors must follow before initiating collaboration. It aims to assist contractors in thoroughly preparing for smooth cooperation with the tax agency.

Taxation · 07/23/2025

This article discusses the handling mechanisms of excess Social Security tax and Railroad Retirement tax. It focuses on scenarios where excess tax payments may occur due to multiple employers, the responsibilities of employers, and the specific steps for applying for a tax refund. The aim is to help taxpayers effectively protect their tax rights.

Taxation · 07/18/2025

In the U.S., households and businesses can fulfill their tax obligations through the Federal Electronic Federal Tax Payment System (EFTPS), enabling secure and convenient electronic payments. EFTPS allows users to schedule payments in advance and review payment history at any time, ensuring a record for every tax payment. Additionally, tax professionals can manage payments for multiple clients, streamlining workflows. Upon registration with EFTPS, users also gain access to a wealth of resources

Finance · 07/21/2025

This article outlines the basic eligibility requirements for applying for Social Security Living Assistance in the United States, including aspects such as age, disability, income limits, and residency requirements. It also reminds applicants to pay attention to the document submission and economic status investigation processes to ensure a smooth acquisition of necessary living assistance, aimed at improving quality of life.

Finance · 07/22/2025

In the United States, Social Security benefits are adjusted annually based on the Cost of Living Adjustment (COLA), with an estimated increase of about $50 in 2025. The Social Security Administration evaluates inflation using the Consumer Price Index for urban consumers to ensure that benefit amounts align with economic changes, thereby protecting beneficiaries' standard of living.