“As Tax Day approaches…you may be looking at a whopper of a tax bill and wondering where you’ll find the money to pay it. And then you might think: Hmmm, I have some money sitting in my 401(k). Maybe I should take out a 401(k) loan to write a check to the IRS….” Today’s article examines the benefits, cost and…
Something in the financial world is surging. Unfortunately that something is electronic tax scams. Today’s article highlights a recent IRS consumer alert stating that “email and texting scams designed to trick U.S. taxpayers into providing personal data have surged 400% so far this year….” In fact, “the 1,389 incidents reported to date represent more than half the…total for all of…
The IRS may not generally be viewed as a helping hand but today’s article points out that “the IRS offers a host of valuable tax breaks for sole proprietors and the self-employed that are intended to help their businesses succeed”, outlining 7 key tax breaks available to this group and what can and cannot be deducted. Want to know what…