“This is the IRS and you owe taxes. Unless you pay RIGHT NOW with iTunes Gift cards we are going to come and take you to jail”
Sounds ludicrous, yet thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.
The IRS DOES NOT INITIATE CONTACT with TAXPAYERS. They do not use social media, email or text messages.
With just about six weeks left before the April filing deadline, the scammers and crooks are out in full force. The scammers are getting better by the day and have created many new angles to steal your money.
My grandmother Mamaw always collected S & H Green Stamps when she went shopping. Green Stamps were an early reward and loyalty program. Customers would receive stamps at the checkout counter of supermarkets, department stores, and gasoline stations among other retailers, which could be redeemed for products in the S&H Green Stamp’s store catalog.
She might not appreciate ordering a Venti Non-Fat two equal extra hot café latte at Starbucks, however, she would understand using the Starbucks App on her smartphone and collecting Stars to get free drinks.
I am sure that Mamaw would find ways to shop online and save money.
Valentine’s Day is a time to celebrate romance and love with dark chocolate and red wine (my choices and heart healthy). Give yourself the gifts you cannot get on Amazon.
Before we focus on what you can do for yourself on this Valentine’s day let me give you the three NO’S that you just don’t want to do.
- Valentines Dinner at a restaurant– This is like going to the grocery store at 2:00 PM on Wednesday before Thanksgiving. Yes, you can get fed, but romantic? Not a chance. It makes dining on the Titanic have a better ending.
- Roses– NO, especially stopping at the Kroger on the way home and buying from the tent in the parking lot. This says, oh I realized I should do this, but I made it look like I was stopping to fill up with gas and picked up roses. Go buy an Orchid. They last longer, and it says you have some sense about you.
- Victoria’s Secret– At one point in time this store was unique and different. Now is it mass produced and while she will smile and giggle, what she is thinking is “how lame”. Don’t do it!
Today was the scariest day on Wall Street in years as Monday continued the decline from last week.
For the week ending Friday, Stocks recorded their first weekly loss of the young year, with the large-cap S&P 500 index suffering its worst weekly drop in two years. All major markets finished the week in the red with the Dow Jones Industrial Average falling -4.1% to close at 25,520.
Today we are reminded that the investment markets can be volatile as the selling in the United States continued around the globe as Asian and European markets declined on Monday as well and then accelerated Monday in the United States.
The Tax Cut & Jobs Act is showing up in your paycheck. It is not a one-time thing like the $1,000 bonus that some companies gave to their employees. This tax reduction will show up every time you get paid.
I spoke to several people this week that have received an additional $90, $200 and $65. It may not seem like an important change yet take a step back and look at the impact for the rest of 2018 and the years ahead.
Respectively these three people have $1,980, $4,400 and $1,430 to spend, save, invest, or pay down debt in 2018.
Five Actions for Your Pay Increase