WITH TAX SEASON UNDERWAY, THE IRS is once again warning taxpayers to be wary of “Offer in Compromise” scams. These promotions claim that they can help taxpayers pay back taxes for just “pennies on the dollar.” Victims often end up paying the promoters thousands of dollars in fees and still end up owing money to the IRS.
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Find ATTRACTIVE YIELDS in Today's Market
Our field guide to income investments identifies opportunities that range from ordinary to downright exotic.
Profit From Healthy Profit Margins
These companies find ways to flourish even in tough times
Fight Back Against High Inflation
Whether you’re 28 or 68, you’re staring down a surge in con-sumer prices. But for many millennials, the precipitous rise in inflation—which reached an overall rate of 8.5% in March—has been especially steep.
Create a Financial Plan for a NATURAL DISASTER
You’ll recover more quickly if your important documents are secure.
Caregivers Share Their Stories
My column on caregiving (see “Living in Retirement,” Feb.) generated a number of responses from readers who offered their own perspectives. “People not in this situation don’t have a clue, and that includes ‘experts,’ ” writes Ken Jarosch, sole caregiver for his wife, Kathy, who suffers from muscular dystrophy. “I went to several caregiving classes, where we were served a nice dinner and a sunshine talk. But the real help came from the people in attendance, who actually live this.”
Buy Bonds Now? That Depends
I insist it is folly to quit sound invest-ments because of a bad quarter, but the bond market swoon of early 2022 tests my resolve. When superb stuff such as tax-exempt toll-road bonds, taxable infrastructure municipals and BBB corporates suffer losses of 6% to 10%, that is true shock and awe. The last time returns took a big wallop was the summer “taper tantrum” of 2013, when, despite the absence of inflation, traders overreacted to Federal Reserve plans to cut back bond purchases. That episode is remembered now as an epic buying opportunity— thus, it is tempting to interpret the current downturn in the same vein.
ABLE Accounts Offer Financial Independence
People with disabilities, and their families, can save for a variety of expenses in these tax-advantaged accounts.
Answers to Your SOCIAL SECURITY QUESTIONS
Figuring out how to get the most out of your benefits is not as simple as it looks.
THE MONEY TALK NEW COUPLES NEED
Whether or not you merge your finances, you need to be on the same page. Natalie and Dan Slagle are founders of Fyooz Financial Planning, a financial planning firm that specializes in advising couples.
An Urgent Need for Cybersecurity
In June 2017, Russian hackers launched a malware attack on Ukraine called NotPetya. The attack, which locked users out of their own files unless they paid a ransom in bitcoin, was just one more tactic in the conflict between the two nations that had begun three years earlier. But viruses don’t respect borders, and this one spread far beyond Ukraine.
IRS TO END USE OF FACIAL RECOGNITION TO IDENTIFY TAXPAYERS
The IRS said it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers.
TRADED CRYPTO IN 2021? HERE'S HOW TO APPROACH TAXES
Professionals have a major piece of advice for those who traded cryptocurrency for the first time last year: Take your tax prep seriously.
Got a Tax Question? Don't Call the IRS
Customer service has cratered at the short-staffed, underfunded agency
3 Times You Need Money Advice from a Human
You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software.
When Conservation Looks Like Evasion
The IRS is examining conservation easement deductions, putting promoters in its crosshairs
Freedom of Movement
Install a Bolt-On Independent Rear Suspension for Early Camaros and Firebirds
TAXING TIME: HOW THE PANDEMIC WILL AFFECT FILING YOUR TAXES
The pandemic has made everything a bit trickier — tax filing season is no exception.
NEW $40M IRS DEMAND RAINS ON PRINCE PARADE!
THE Internal Revenue Service is squawking that the estate of the late rock icon Prince is worth nearly twice what its administrator claimed — and now the agency is looking for payback!
Launching a New Venture
Why the New Year Is the Best Time to Start a Home-Based Business
HYPER REALISTIC ART A deep level of communication