MNMW Blog

MNMW Blog2023-09-19T13:28:26-04:00

Employers: Beware Of Third Parties Promoting Improper Employee Retention Credit Claims

By |November 7th, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , |

Employers: Beware Of Third Parties Promoting Improper Employee Retention Credit Claims Employers should be wary of third parties advising them to claim the employee retention credit when they may not qualify. Some third parties are [...]

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Important info for people considering making early withdraws from retirement funds

By |November 1st, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , , , , , , , |

No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these costs sometimes people, withdraw funds from their retirement savings early. While this may seem like an [...]

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Grandparents and others with eligible dependents shouldn’t miss out on the 2021 child tax credit

By |October 28th, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , , , , |

Grandparents, foster parents or people caring for siblings or other relatives should check their eligibility to receive the 2021 child tax credit. People who claim at least one child as their dependent may not realize they could [...]

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401(K) Limit Increases To $22,500 For 2023, IRA Limit Rises To $6,500

By |October 24th, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , , , , , |

The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding [...]

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Rebuilding Records After A Natural Disaster Is An Essential Step In Recovery

By |October 20th, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , , , , , |

Rebuilding Records After A Natural Disaster Is An Essential Step In Recovery Tax records are not a first priority for those affected by natural disasters nor should they be. However, these records may be necessary [...]

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Deadline To File 2019 And 2020 Tax Returns To Get COVID Penalty Relief Postponed In Declared Disaster Areas

By |October 20th, 2022|Categories: Tax Planning & Preparation, Tax Tips|Tags: , , , , , |

Deadline To File 2019 And 2020 Tax Returns To Get COVID Penalty Relief Postponed In Declared Disaster Areas The Internal Revenue Service reminds taxpayers in areas covered by certain Federal Emergency Management Agency (FEMA) disaster [...]

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Our firm provides the information on our blog/vlog for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles on this website are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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