IRS issued guidance on state special payments
Early this month, The IRS has requested the delaying the tax return filing due to some issues related with state special payments. And The IRS provided details today clarifying the federal tax status involving special payments made by 21 states...
Amended returns by e-filing are allowed for direct deposit
The IRS announced that people electronically filing Form 1040-X (Amended U.S Individual Income Tax Return) will be able to select direct deposit for any resulting refund. Previously, taxpayers who filed Form 1040-X with had to wait for a paper check...
The filing of 2022 tax return has started on Jan 23 (Deadline on Apr 18)
The IRS is now accepting and processing 2022 tax returns. Taxpayers have to file their taxes until April 18 this year, but some taxpayers living overseas and disaster victims may have later filing deadlines. Alabama, California and Georgia storm victims...
How about the economy this year in 2023 ?
The IMF is focusing on the point that the inflation burden will peak amid low growth in 2022. The global economic growth rate is projected to recover slightly to 3.1% in 2024, after falling from about 3.4% in 2020 to...
The age for required minimum distributions rises
There is a term Required Minimum Distribution (RMD) in retirement account. This is to prevent the intention to avoid tax obligations through financial products with tax benefits. It means that when you reach a certain age, don’t delay it anymore...
Worry about the heating cost again this year ?
Last year was a year when oil prices went up directly to our lives. We have experienced the burden of utilities such as heating as well as car refueling. The electricity bill was relatively good in the state of Washington...
The real estate market trend at the beginning of 2023
The U.S. real estate market is relatively defensive on a global basis. It seems that a solid domestic environment such as low unemployment is supporting this. However, despite the stable labor market, Silicon Valley and Seattle, which have a high...
Would it better to buy a house ? or to rent ?
In Seattle, the more people come from outside, the more people have to decide between buying a home and renting. The U.S. has a high burden of rental costs, while at the same time, housing finance such as mortgages is...
Seattle’s cooling real estate market due to the tech industry
One of the most representative places where the real estate market has been relatively booming in recent years is Seattle. Whatever it is, the boom in the tech industry would be the biggest factor. However, recently, we are facing the...