Headlines
IG: IRS ‘Hindered’ Efforts to Stop Illegals from Misusing Social Security Numbers…
An audit report published this month by the inspector general for the Social Security Administration indicates the Internal Revenue Service’s reluctance to penalize employers who consistently file W-2s on which the Social Security Number and name don’t match has “hindered”…
State Overbilled Social Security Administration $1.4 Million
A recent audit found that New Mexico indirectly over-billed the federal Social Security Administration $1.4 million in “improper cash draws” for fiscal year 2011, according to a letter by the federal Office of the Inspector General. The letter, written earlier this month, urges…
US Will Run Out of Money by Mid-October if Debt Limit Isn’t Raised
When Congress returns, they aren’t going to have time to get settled before going to work; the U.S. is going to hit the debt limit in mid-October and won’t be able to borrow money or have funds to pay for Social…
AMERICAN FORUM: Keep Social Security off the table
Social Security provides financial benefit to over 50 million people, 18 percent of the population, 70 percent of those beneficiaries are retired workers, more children receive Social Security payments than children on public welfare, and Social Security’s redistributive formula has…
New Monterey employment agency to cater to seniors
Wanted: Skilled, mature, motivated person needed to work part time. Must work for modest wages, and no health care. Most people who register with Pat Coniglio’s Nu-Age Employment agency aren’t looking for high pay — just a few bucks to supplement…
Study calls for retirement savings plan with pensionlike safety
WASHINGTON – Declaring the nation’s private-sector retirement system “broken,” the Center for American Progress is adding its voice to the growing call for a new kind of investment vehicle to shore up retirement security for workers. CAP, a liberal think tank…
White House, lawmakers look to avoid October shutdown, but …
Congressional Republican leaders and the Obama administration are trying to cut a deal to avoid an October government shutdown that could disrupt federal programs, such as Social Security and Medicare, and keep the government operating at current spending levels through…
Don’t Get Complacent About Social Security – They Still Want to Cut It
In every successful struggle there’s a time to celebrate a hard-fought victory. When it comes to Social Security, this is not that time. It’s true that, after including the “chained CPI” benefit cut in his latest budget, President Obama seems to have dropped…
The $3 Trillion Question That No One Wants to Answer
The media is not covering the problem looming in Social Security, one which will fall on millennials much sooner than 2033. The $3 trillion question is: Where will the government get the money to repay the Trust Fund? This is a huge question for…
Do you owe the self-employment tax?
If you’re self-employed as a sole proprietor, partner, or LLC member, you may owe the dreaded self-employment (SE) tax. If so, the bill is on top of any income taxes owed to the Feds and your friendly state tax collector. Here’s…