LBF Group PLLC
6960 Orchard Lake Road
West Bloomfield, MI 48322
Directions: We are located on the West side of Orchard Lake Road between 14 and 15 Mile Road.
401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500
The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.
The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments...
As the end of the year approaches, we’d like to remind our clients that it’s the perfect time to start tax planning and see how the past year’s tax reforms have impacted your personal financial situation. It is crucial to review your tax returns to plan for any changes that may affect you in 2020. We recommend examining the following topics to see if they apply to...
With scam artists hard at work all year, taxpayers should be on the lookout for a surge of evolving phishing emails and telephone scams.
Taxpayers should watch for new versions of two tax-related scams. One involves Social Security numbers related to tax issues. The other threatens taxpayers with a tax bill from a fictional government agency. Here are some details about these scams to...