Articles

MWE written articles.

Posted in Articles, In The News

Tax Reform – An Unsure Thing

There’s nothing certain except death and taxes, the saying goes. The only problem is, lately, uncertainty surrounding the tax code has made a crystal ball as important a tool for CPAs as a calculator. The Trump Administration’s tax plan has injected a huge dose of uncertainty into this and the following year’s tax planning, as…

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Why It’s Risky to Rely on Unofficial IRS Guidance

In a recent blog, National Taxpayer Advocate Nina Olson explained why taxpayers can’t rely on answers to Frequently Asked Questions (FAQs) and Answers and other forms of “unofficial” guidance that are posted on the IRS website. While tax professionals already knew this, many taxpayers may find it to be a disturbing revelation. Olson’s blog notes…

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Report Warns Retirees about Potential Downsides of Reverse Mortgages

Reverse mortgages have been around for years. But they’re getting a new spin: Some senior homeowners are tapping into their home equity to “bridge the gap” until the time they’re ready to apply for Social Security benefits. However, an independent consumer agency — the Consumer Financial Protection Bureau (CFPB) — is cautioning retirees against using…

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Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds…

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