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Your risk of an audit 'is way up'
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Feb. 19th —
Based on the amount of income that Americans fail to report every year - $345 billion, according to one government report - millions of Americans have little fear of a government audit. But tax pros and government reports suggest the Internal Revenue Service is gradually shedding its "kinder and gentler" attitude in favor of more and stricter audits. In short, an audit could be like a truck in your side-view mirror: closer than it appears.
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The year of filing dangerously
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Feb. 17th —
Filing your taxes has never been fun. But this tax-filing season is shaping up as one to dread because of extraordinarily late changes in tax laws, outdated or erroneous instructions and forms, increasing complexity and the widening gulf between federal and state tax rules.
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More seniors take out loans that dip into the equity in their homes
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Feb. 5th —
Reverse mortgages remain relatively rare, but their popularity is rising across the country. The loans, available only to seniors, enable borrowers to transform their homes into a source of cash. However, the cash withdrawn eats into the equity built up in a home over the years. With the first wave of baby boomers hitting retirement age this year, the rapid growth is projected to continue.
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Do research before leaving group health insurance
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Jan. 15th —
If you are too young for Medicare but considering leaving a job that offers group health insurance, it pays to do some research.
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Debt: From disgrace to entitlement
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Dec. 4th —
Much of the traditional social and cultural views of good debt vs. bad debt have been influenced by mass marketing to baby boomers and their children and grandchildren, many of whom expect or feel pressured to pursue immediate gratification over traditional values like saving for a rainy day.
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