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Professionals Column

Your First Job: Tax Tips for Teens

As school winds down, many students will hit the job market for summer employment. The Internal Revenue Service reminds students that not all the money you earn may make it into your pocket. That's …

Loans at Retirement Can Be Rolled Over

On May 3, I first wrote about the fact that the State Comptroller, as sole trustee of the New York State and Local Retirement System, does not seem to know that loans taken in conjunction with …

Social Security's Online Services

There's probably been a time in your life when you've wondered, "Can I do this online instead of visiting a Social Security office?" The answer is more than likely yes, and you can find more …

Tax Credit Will Help Pay for Day Camp

Along with the lazy, hazy days of summer come some extra expenses, including summer day camp, nursery school and preschool. The IRS has some good news for parents: those added expenses may help you …

Tax Tips for The Recently Married

Congratulations if you recently updated your status from single to married, but you should be aware that marriage also brings about some changes with your income taxes. Here are several tips for …

Savings/Investment Plans Should Offer Flexibility

Does your employer's savings/investment plan offer you flexibility? If you do not like what is on the investment menu, can you elect to invest in a fund you do like? Does the plan's investment …

Don't Be Scammed By Fake IRS Notices

The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams …

New Fact Sheets Added To Online Statements

Your Social Security Statement tells you how much you or your family can expect to receive in disability, survivors and retirement benefits. It also provides a record of your earnings history and …

What to Do if You Get an IRS Notice

Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Although some people may feel anxious when they receive one, many are easy to …

Pension Loans and How To Roll Them Over

New York administers eight public-sector retirement systems. Three are offered by the state and five by the city. Most of these retirement systems have six benefit tiers. Members should be conversant …

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