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Malicious tax returns

This year, taxpayer identity theft took a maliciously clever turn and it seems that the IRS assisted them in this endeavor. The phony tax returns that were filed appeared to be very similar to the taxpayers’ previous years’ returns. So close that the standard pattern...

College

We all know that the cost of college has been increasing significantly more that the cost of inflation. It seems that the current average cost of attending a four-year private university is now nearly $42,500 per year, triple the price tag in 1990. This is the...

Running out of money in retirement

The rich or not-so-rich, share the common concern of running out of money in retirement. This seems to be a major concern for 57% of clients, according to results of an AICPA Personal Financial Planning Trends Survey . There are high levels of concern over adequate...

Retaining employees

It seems that the US had more open jobs in April than at any time in the past 15 years, according to the most recent data from the US Bureau of Labor Statistics. The shortage of talent appears to be most evident at midsize US companies, according to a Deloitte news...

Savings or the lack Thereof

A survey conducted last month by Bankrate, found that in addition to the 29 percent of Americans who have no savings, another 21 percent have less than three months worth of expenses saved.  Based upon my experience, there are a large percentage of the top 10% of...

IRS Fraud Prevention

The Internal Revenue Service (IRS) announced a new round of steps to better protect against identity theft and fraud before the 2016 tax-filing season. The measures are an effort to reassure taxpayers following a data breach that exposed 100,000 taxpayers’ data....

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