Category: Finance

All Markets are Down, Where’s the Bottom?

Retail players are running for the exits, markets around the world are showing the strain and everyone is asking “where’s the bottom?” A lot of focus is on this weeks Federal Reserve meeting, but Janet Yellen is clearly in a…
Why Hackers Want Your Uber Account

Did you know that your Uber account is about 17 times more valuable to a hacker than your credit card information, according to a report the security company Trend Micro compiled for CNBC. They found that on average stolen Uber credentials…
New IRS Audit Rules

It’s not joke that no one wants to be audited. Because it is a serious thing knowing how long your tax return can be attacked is important. Traditionally, the primary IRS statute of limitations was three years however, there are many exceptions…
50 Tax Deductions You Might Be Missing

It’s heading into tax season (we just heard you sigh). Most people truly don’t understand the use of tax deductions which sadly, means they aren’t getting all the money back that they should. Tax deductions will reduce your taxable income…
Customer Service at the IRS Might Get a Lot Worse

If you have a complicated tax question or receive notice that something is wrong with your tax return, you might soon may have a hard time finding a human at the IRS who can help. This is the biggest concern flagged Wednesday…
The IRS’s list of tax cheats and scoundrels

The IRS-CI unit has cracked down on thousands of tax cheats, fraudsters, money launderers and identity thieves, according to its 2015 annual report. And it managed to get about 3,000 convictions, many with stiff prison sentences and steep court-ordered restitution…
Mutual fund implodes

A mutual fund that was focused on the most riskiest corners of the junk bond market blew up this week. When it happened it also blocked investors from getting their money back. Third Avenue Focused Credit Fund invested in distressed…

The New York Department of Financial Services announced the settlement November 18, and singled out the bank’s misuse of its “last look” system, which the regulator said allowed Barclay’s a last-second veto of unprofitable trades. The penalty is the latest to…
When It Might Be Time To Pocket Your Dividends

Many people just don’t have the kind of earnings history that enables aggressive investing these days. If you aren’t as well-prepared for retirement as you should be then reinvesting your dividends can certainly help you bulk up your portfolio during…
This deal could mean less Social Security for couples

It could take away tens of thousands of dollars for some couples over the course of their retirement. The new rule change goes into effect for new retirees starting in just six months. The new rule eliminates a claiming strategy…