Jackson Hewitt Gets Jacked

(Saw that headline today on Forbes and couldn’t resist!)
As you know, I am adamantly opposed to any Company who markets products (especially financial products) that harm or take advantage of consumers who don’t know any better. For example, Pay Day Loan brothels (yes, I said brothels) take advantage of people in need of short-term […]

Beware of San Diego Wildfire Scams

The Internal Revenue Service this week warned taxpayers to be on the lookout for a new e-mail scam that appears to be a solicitation from the IRS and the U.S. government for charitable contributions to victims of the recent Southern California wildfires.
In an effort to appear legitimate, the bogus e-mails include text from an actual […]

Should Congress Enact a War Tax?

Top Democrats are proposing a “war surtax” to pay for the war in Iraq. Although plenty of Democrats and Republicans are opposed to the plan, it’s an interesting idea.
The surtax would be a percentage of your tax bill, and if you don’t like the cost, then shut down the war. It’s a backhanded way […]

IRS to Begin Taxing Poker Winnings

Gambling winnings have always been fully taxable, but the IRS recently announced that starting next year, casinos and other sponsors of poker tournaments will be required to report most winnings to the IRS.
The new guidance is designed to clear up confusion about the tax reporting rules that apply to poker tournaments. In recent years, some […]

Is Today the Beginning of the End for Social Security?

Does anyone know who this woman is, or why she is so special?

This woman, Kathleen Casey-Kirschling, filed for early retirement Monday, becoming the first baby boomer to start collecting Social Security. Born one second after midnight in January 1946, the retired teacher leads the way for as many as 80 million individuals […]