SCAMS TRYING TO STEAL your Social Security information are on the rise. More than 35,000 people reported Social Security imposter scams to the Federal Trade Commission in 2018, up from 3,200 in 2017. As a result of this crime, consumers lost more than $10 million in 2018. RELATED CONTENT Social Security Benefit Questions If you receive a call [...]
TAX IRS CANCELS POSTCARD-SIZED INCOME TAX RETURN IRS Cancels Postcard-Sized Income Tax Return The IRS won’t be getting any postcards from taxpayers this year. It’s not like the nation’s tax collection agency was expecting pictures of scenic views of mountains and oceans or tourist attractions. But plans to provide taxpayers with a postcard-sized Form 1040 have been officially scrapped. The IRS is now working [...]
WASHINGTON (Reuters) - U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health. But the fairly upbeat report from the Commerce Department on Friday had some [...]
Scam callers are now using stolen personal information to tailor calls to specific consumers, posing as trusted companies to swindle money, according to a new report that analyzed 40 billion calls made this year. Criminals are leveraging the massive data breaches that have rocked major companies by using the exposed customer information to target consumers [...]
Many plaintiffs win or settle a lawsuit and are surprised they have to pay taxes. Some don't realize it until tax time the following year when IRS Forms 1099 arrive in the mail. A little tax planning, especially before you settle, goes a long way. It's even more important now with higher taxes on lawsuit settlements under the recently [...]
If you are among the growing number of people thinking about moving in retirement, we have some great suggestions—in fact, 12 of them. Each of the cities and towns here is home to at least one college or university that offers access to concerts, interesting lectures and sports (without final exams and 8 a.m. French [...]
We all know it’s important to save for retirement. Even if you’re saving for retirement, some common mistakes might cause you to run out of money in retirement. Avoiding these 7 retirement savings mistakes can increase the chances that you’ll be able to grow your portfolio and outlive your money. 1. Not starting as early as possible No [...]
“Taxes are what we pay for a civilized society.” That quote from Supreme Court Justice Oliver Wendell Holmes, Jr., can be found over the main entrance of the Internal Revenue Service office in Washington, D.C., noted Judge Robin Rosenbaum, writing for the Eleventh Circuit Court of Appeals. But, she added, “even Justice Holmes would likely [...]
As college costs rise, more students are hitting the federal student loan limits. Increasingly, their parents are borrowing to make up the difference. As of the latest tally, parents have collectively borrowed nearly $90 billion to pay for their children’s college education. There’s no doubt that college is expensive. Tuition and fees for a four-year [...]
our email inbox is like a virtual home — after all, that’s where all your first official points of contacts go when you sign up for a new service, apply for jobs, buy stuff online, etc. And just like your physical home, letting your inbox get cluttered can feel chaotic, with most of that mess [...]