IRS Forms 1099 Are Coming: Pay Attention To What You Receive
~ Robert W. Wood, Contributor Although most Forms 1099 arrive in January, some companies issue the forms throughout the year when they issue checks. Whenever the forms come, don’t ignore them. Each form includes your Social Security number. If you don’t include the reported item on your tax return, bells go off at the IRS. […]
It’s tax season — this is how email scammers are trying to fool you
~ Kari Paul, reporter for MarketWatch If the IRS is going to contact you, they’ll initiate contact with a paper letter in the mail, an IRS spokesperson confirmed to MarketWatch. The IRS will only call you in rare circumstances. “Tax season is prime phishing season for cybercriminals,” said Atif Mushtaq, chief executive officer of Pleasanton, […]
Be Tax Smart About Leaving Assets to Your Heirs
By ROGER A. YOUNG, CFP®, Senior Financial Planner | T. Rowe Price January 31, 2019 The way you withdraw money in retirement can affect the next generation’s tax burden. Sometimes it’s best to go against conventional wisdom when it comes to when to tap taxable, tax-deferred and tax-free retirement savings. So, you’ve planned well enough […]
Women And Financial Responsibility: 5 Simple Ways To Build A Strong Foundation
~ Marguerita Cheng Women are stepping up their games in all areas of life. They are being more outspoken than ever when it comes to the creation of change—for the better. They are building networks and combining efforts like never before. And, they are breaking records. Read Full Story Here
It’s Tax Season. Watch Out for These 3 Signs of a Tax Scam
Tax scams abound year-round, but people over 65 are targeted even more frequently during tax season. Why? A certain amount of money is in play at this time as taxpayers are figuring out what they owe Uncle Sam and scammers take advantage of the fact that money is being exchanged between the U.S. citizenry and its government. […]