News

Sunday June 16, 2019

How to Protect Yourself from the Social Security Imposter Scam
Savvy Living
I recently received a strange call from an individual claiming to be a Social Security employee. The caller informed me that my Social Security number had been suspended because it was involved in a crime. He then said that I needed to reactivate my social security number and secure my bank funds by withdrawing them and putting them on gift cards. Is this a scam? Yes. It is actually known as the "Social Security imposter scam" and it is becoming a widespread problem in the U.S. The Federal Trade Commission (FTC) has received more than 76,000 reports about this growing scam in the past 12 months alone. With average losses of $1,500, this is quickly becoming a favorite scam among fraudsters. The Social Security imposter scam usually begins with a call from someone claiming to be with the...
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The New 'Taxpayer Friendly' IRS?
Washington News
On June 13, the Senate passed the Taxpayer First Act (TFA) and sent the bill to the President for his signature. The bill to reform the IRS received praise from leaders of both parties. Senate Finance Committee Chairman Chuck Grassley (R-IA) supported the bill and noted it is "a big first step toward strengthening taxpayer protections and turning the IRS into the customer service organization it ought to be." Senate Finance Committee Ranking Member Ron Wyden (D-OR) also spoke favorably about the IRS reform act. He stated, "Our bill includes critical provisions to improve customer service, protect personal data, preserve tax preparation services, and shield low-income taxpayers from abusive private debt collectors." The Taxpayer First Act includes seven specific areas designed to help...
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How to Give Property to Children
Personal Planner
Parents have a number of reasons for making gifts to children. First, a parent should have sufficient resources for...
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