For decades chain letters have been making the rounds. These days they’re more likely to show up in your email than your post office box. Regardless of the process used, chain letters often have a common goal: to separate you from your money. That money, by the way, can include cryptocurrencies such as bitcoin. In […]
At any given time, millions of items are being bought and sold via Internet auction sites. Furniture, clothing, sailboats, golf clubs, even a night on the town with your favorite sports star – all are available to the highest bidder. The companies that facilitate these trades are rich indeed. At last count, eBay had a […]
One of the best audit tips available can be summed up in one simple word. Match. Spend a minute or two pretending you work for the IRS. What would you do to identify tax returns worth auditing? If you suggest matching filed tax returns with the information provided to you about that taxpayer from other sources […]
Right before dinner you receive a phone call. According to the caller ID, it seems legitimate. So you pick up. You’re immediately assaulted by a fast-talking sales representative who claims your car warranty is about to expire. He’s offering a low-cost extended warranty and service contract. The guy even knows your name. You need to […]
With more than 40 million Americans seeking unemployment benefits over the past 2 months, states are doing their best to keep up with the avalanche of applications. States are also bracing for an increase in Medicaid enrollment as many Americans get pushed off their employer’s health care plan. If you need to apply for Medicaid, […]
If you were offered the choice of being paid $100 today or $100 a year from now, you would probably choose $100 today. After all, even at today’s low interest rates, your $100 might earn a small return over the next year. This simple example illustrates an important concept: that the value of money changes […]
Here is a tax planning tip for those who file their tax returns early and wish to contribute to a tax deductible IRA, but do not have the funds to do so. Say you want to pay into an IRA to get a tax break but you don’t have the money? Take heart, there are […]
If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 will help to dramatically cut your tax bill. Here’s what you need to know. Background The PPP program was created by the CARES Act in March 2020 to help businesses which were adversely […]
You could soon see another stimulus payment in your bank account with the recent passage of the Emergency Coronavirus Relief Act of 2020, which could mean more direct relief to you and your family. Here are some of the major points you need to know that are buried inside this 5,000+ page, $900 billion piece […]
Although the administrators and staff of most assisted living facilities work hard to carry out their duties with integrity, some steal from the residents. If one of your family members or friends lives in a nursing home or other assisted living facility, watch for these warning signs of theft: Questionable financial management. It’s often a good […]
