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Tax Tip, ERC, Employee Retention Credit Ana Mendez Tax Tip, ERC, Employee Retention Credit Ana Mendez

How to Be Prepared for an ERC Audit

The IRS has announced that it’s “open season” on false claims for the Employee Retention Credit (ERC). It is stepping up efforts to audit employers as aggressive promoters continue to make a pitch for fraudulent refunds (IR-203-40, 3/7/23). This type of scheme was recently included on the IRS’ list of the Dirty Dozen tax scams to watch out for in 2023.

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Retiring in Paradise Has Its Financial Problems.  Make These Moves First.

Retiring abroad requires a lot of planning and often a good accountant. When people dream of jetting off to the French countryside or a tropical island to begin a new chapter in retirement, tax and banking policies don’t usually feature prominently in the fantasy. But pulling off a move overseas in retirement requires navigating financial rules in both the U.S. and one’s new home. Mistakes are easy to make and can be costly, financial advisers with international clients say.

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A Military Scientist Wants to Retire at 55 or 60.  Will He Have Enough Money?

att and Lynné Montgomery moved their family to Italy recently for a three-year assignment. He is a scientist in the U.S. military. She is home schooling their four children, ages 1 to 6. With 15 years’ service, Matt Montgomery, 38 years old, is now considering what he might do in five years when he will be eligible for a pension worth one-half of his base pay, currently $108,000.

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