Submitted by Jim Blankenship on Wed, 02/26/2014 - 12:00pm
Identity theft runs rampant during tax season. Here’s what to know and how to protect yourself.
Identity thieves often swipe your bank or credit card account numbers, birth date information or Social Security Number (SSN) to steal from your accounts, open a new and phony account or make illegal purchases. In 2013, 13.1 million consumers suffered identity fraud – the second highest level on record, according to a survey by Javelin Strategy & Research.
Submitted by Jim Blankenship on Fri, 02/21/2014 - 3:00pm
Your retirement savings ride on your tax-filing status. Here’s what to know this year how much you can kick in to your individual retirement accounts.
You probably use one of the following filing statuses when you ready your federal return for the Internal Revenue Service: single or head of household; married filing separately or married filing jointly.
Submitted by David John Maro... on Fri, 02/14/2014 - 12:00pm
You likely live in fear of a tax audit. Here’s how to protect yourself.
If the Internal Revenue Service suspects you underreported your gross income by 25% or more, it can challenge your return for up to six years. If the IRS suspects you filed a fraudulent return, no statute of limitations applies.
When the IRS challenges your return, the burden of evidence verifying your claims rests entirely with you.
Submitted by Lewis J. Walker on Mon, 02/10/2014 - 9:00am
Once more, we hear calls to soak the rich, a.k.a. the wealthiest 1% of the population. Unfortunately, doing that won’t solve the nation’s economic problems. Most likely, the government will end up slamming a lot of taxpayers whose incomes are far from high-end.
Submitted by Jim Blankenship on Thu, 02/06/2014 - 3:00pm
Health insurance changed a lot in the past few years. Here’s how to escape a socking from new taxes and charges.
Individuals must now carry health insurance on themselves and their dependents, according to the Affordable Care Act (ACA) or Obamacare, a requirement called the individual mandate. Beginning in 2015, businesses with fewer than 50 employees must also provide coverage for employees or face penalties.
Submitted by Rick Kahler on Tue, 01/14/2014 - 9:00am
Who is rich? Pinning that down is not easy, but however you measure it, wealth should be celebrated. Too often, it is not.
The surest road to financial success and independence is a long one. That path includes working hard at a career you enjoy, living on less than you earn, taking educated and appropriate risks, and building wealth gradually through diversified investing.
I know many people who followed this route successfully. Their achievement – long known as the American Dream – is something to be proud of.