Congress cut IRS auditor unit—RELAX
If
you made less than $200,000, your chance of being audited was just 0.88 percent.
That's down from the 0.94 percent audit rate in fiscal year 2012.
Your audit odds increased if your income was between
$200,000 and $1 million. In fiscal year 2013, just 3.26 percent of returns
filed by individuals in that income range were audited. And if you made more
than $1 million, almost 11 percent of returns got closer looks from IRS
auditors. 14 ways to avoid
an IRS audit.
Put your refunds to good use: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Avoid the tax
prep scam and their “mistakes”
Last year, when Congress sent "secret shoppers" to
tax prep firms, only 11% got them right. Mistakes ranged from giving taxpayers
$52 less to $3,718 more than they were entitled to. Part of the problem say
Internal Revenue Service is that almost anything goes in the tax prep industry.
Most prepares earn under $10 with 10 hours training. Check credentials. Get Tax Refund in
2-3 weeks! File taxes for free using easy online efile screens. E-file, when
combined with direct deposit, is the fastest
way to get a refund. It costs nothing for those who choose Free File. State fees are $12.95 +. Some states allow FREE
state filings for simple returns.
Avoid the tax return scam: http://www.amazon.com/Money-Scams-2014-insurance-financial/dp/1505437962
Pope says it’s ok
to smack your children...as long as dignity maintained.
GOP crazies
Romney gives up before he starts.
Christie
(“Sit down and shut up”) in England
says you don’t need to vaccinate your kids even though it is good enough for
his kids. California is
experiencing the worst of the epidemic after visitors and workers at Disneyland
contracted the virus from a non-vaccinated person. Kids in 14 states are now
infected because of some anti-vaccine anti-science anti-gov guru.
Supremes say our union
contracts may be violated—reversing contract law
On Jan. 26, the Supreme Court decided that health care
benefits provided through a collective-bargaining agreement vest once an
employee retires and continue through that individual's lifetime can be
terminated. It is ironic that the only black judge Clarence Thomas wrote the
decision. “When a contract is silent as to the duration of retiree benefits, a
court may not infer that the parties intended those benefits to vest for life,”
wrote Mr. Thomas in his opinion. Historically, contracts without a specific end
time are presumed to continue.
“Tom’s
won four Super Bowls with the salary cap. It’s
hard to argue against that.”
Julian
Edelman, NE Patriots
Wealthy man tells poor to buy fewer things, live simply—flies
2 nannies in private jet!!
“America ’s
lifestyle expectations are far too high and need to be adjusted so we have less
things and a smaller, better existence,” Billionaire Greene said in an
interview today at the World Economic Forum in Davos ,
Switzerland Palm Beach ,
Florida
Pay No Taxes in Retirement: Learn how to avoid taxes legally
like the wealthy do. http://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
Your Roth IRA conversion is now tax and penalty FREE
When it comes to Roth IRAs, qualified distributions, which
are 100% tax- and penalty-free, are the name of the game. Once you have held it
for 5 years and are over 59.5 years old, all distributions from any of your
Roth IRAs will be tax- and penalty-free for the rest of your life.
Beneficiaries of such Roth IRAs can also take tax- and penalty-free
distributions of inherited amounts.
How are your target-date life mutual funds doing?
Ratings are for 5 years so it is hard to judge how well you
will do in the future:
You can use create your own Tax-FREE pension with one
account: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Did your advisor beat a low-cost index fund?
DALBAR's annual Quantitative Analysis of Investor Behavior (QAIB)
shows most advisor accounts earned 5.02% over the last 20 years while just
letting your money sit in a market index account earned 9.22%. Your investment
doubles every 7 years versus every 15 years. Vanguard’s Top Ten earn 10-12%
over time. Double it every 6 years--
Time to switch to the Vanguard Top Ten: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Which is best investment long-term?
Real estate, gold, stocks, bank savings? Most
people think it is real estate since many own their own home. However,
consider Gates,
Buffett, Slim, Ortega. You have to go to number 22 in the world’s wealthy
list to find real estate.
Global warming in the future means MORE snow
A study of 20th century snowstorms published
in the August 2006 issue of the Journal of Applied Meteorology and Climatology, before
the big storms of recent years, found that most major snowstorms in the United
States occurred during warmer-than-normal
years.
Make your later years income tax-FREE: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
SCAMS Why are
we still
paying $700 Billion a year for WWII
deployments? That is 27
cents of each dollar in taxes—the largest part of our money—and we aren’t
even at war. We could pay off our debts and fix our schools, roads and
bridges!
We are paying for 164,253 of our active-duty armed personnel
to be in 150 countries around the world. We have about 50,000 in Japan Germany
Are we preparing for WWII again? There are 1,208,083[1] armed
personnel in the United States .
Our taxes pay for about HALF of the WORLD’s military expenditures
every year. We have wasted $398.6 billion
so far on the F-35 program—they can’t
fly safely.
We just can’t afford to pay for everyone else’s defenses
anymore.
Japan, Germany and S.
Korea can pay for their own defenses.
The War
on Terror requires SEALS’ attacks on top terrorists at their homes. Iraq
proved converting a nation to Western-style republic doesn’t work. Our trained
troops ran away.
After Surgery, Surprise
$117,000 Medical Bill From Doctor He Didn’t Know
Out of Network doctor assistants at last minute pile on
charges without reason. In operating rooms and on hospital wards across the
country, physicians and other health providers typically help one another in
patient care. But in an increasingly common practice that some medical experts
call drive-by
doctoring, assistants, consultants and other hospital employees are
charging patients or their insurers hefty fees.
NJ property tax hits new highs—Christie promise broken—takes
expensive trips
Have a tax problem—work for the IRS
Auditors found the Internal Revenue Service between 2010 and
2013 gave jobs to 323 former employees who had displayed unsavory conduct during prior stints at the agency, according to
the U.S. Treasury's Inspector General for Tax Administration on Thursday.
The audit looked at roughly 7,000 workers rehired in the
period to fill mostly temporary positions. Among the 323, five of the rehired
workers had "serious misconduct" issues, a category that includes
threats and sexual harassment. Another
five had willfully failed to file federal tax returns.
Anthem health WARNING
Dwayne Melancon, chief technology officer at information
security products vendor Tripwire, warns individuals affected by the Anthem
health information breach to be wary of emails or calls they receive.
IAN
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973.746.2014
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