Aug 24, 2022 | News to Note
From the Federal Trade Commission — Sorry to burst your bubble. That unexpected text from the Postal Service (USPS), Costco, or The Home Depot telling you about an unclaimed package or a survey you can complete to claim a freebie is NOT from them. It’s a scam. The FTC...
Aug 17, 2022 | News to Note
From Thomson-Reuters — If you are unlucky enough to suffer a disaster-related casualty loss, some of the costs can be mitigated through tax relief. This article explains the federal income tax implications. Limited deductions for personal casualty losses In theory,...
Aug 10, 2022 | News to Note
From the IRS Newswire — With continuing phone and in-person scams taking place across the country, the IRS wants to help taxpayers understand how and why agency representatives may contact taxpayers. In most instances, the IRS sends a letter or written notice to a...
Aug 3, 2022 | News to Note
From Thomson-Reuters — If you have an adult child who wants to buy a home in today’s overheated market, it’s financial combat out there and maybe a fight that cannot be won. If you are ready to move out of your current home (perhaps to downsize or to move...
Jul 27, 2022 | News to Note
From knowbe4.com — Cryptocurrency investors have lost nearly $43 million to fraudulent cryptocurrency investment apps, according to the US Federal Bureau of Investigation (FBI). “The FBI has observed cyber criminals contacting US investors, fraudulently claiming to...
Jul 20, 2022 | News to Note
Thomson-Reuters — Are you about ready to join the “Great Resignation” and become self-employed? If so, you need to consider the federal tax implications, which may not be as rosy as you think. Here are what we think are the most important things...
