social security and medicare

Social Security and Medicare – 2021

CPA Clinics Team
November 09, 2021 0 Comments
Social Security Full Retirement Age If you were born in 1954 or earlier, you are eligible for full Social Security benefits in 2021. The following chart will guide you in determining your full retirement age. Year of Birt...
real estate professional

Real Estate Professionals – 2021

CPA Clinics Team
November 08, 2021 0 Comments
Tax Benefits If you spend significant time in activities related to real estate you may qualify as a “real estate professional,” which can provide tax benefits. Passive Loss Limits A passive activity is generally defi...
pension

Pension Income Planning – 2021

CPA Clinics Team
November 08, 2021 0 Comments
Pension Income Planning An employee nearing retirement may face a dilemma when it comes to choosing his or her pension. Pension options from a defined benefit retirement plan generally include a lifetime payment with no s...