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Red Flags for Tax Auditors
Red Flags for Tax Auditors Sgroi Financial No one wants to see an Internal Revenue Service (IRS) auditor show up at their door. The IRS can’t audit every American’s tax return, so it relies on guidelines to select the ones most deserving of its attention. Here...
Understanding Marginal Income Tax Brackets
Understanding Marginal Income Tax Brackets Sgroi Financial By any measure, the tax code is huge. It is over 2,000 pages long, and even longer with footnotes.1 And almost weekly, the Internal Revenue Service publishes a 20- to 50-page bulletin about various aspects of...
Updated Premiums and Deductibles for Medicare
Updated Premiums and Deductibles for Medicare Sgroi Financial Medicare’s premiums and deductibles have seen a larger-than-expected rise this year. For example, Medicare Part B monthly premiums have risen to $170.10, a 14.5% increase. The deductible for Part B rose to...
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