IRS Issues Annual Tax Scam List
Unfortunately, there are a lot of bad people out there who like to take advantage of others. Tax scams are something that happen throughout the year but especially during tax season. The IRS provides a list of 12 top scams for people to be on the lookout for. Please pay special attention to older friends and relatives who might be more susceptible to falling for scams.
On the program this week I spend the first half of the program going through the annual IRS list. There are some common ones on the list but some others that you may not have heard of.
Later in the program I cover some rollover IRA rules that could catch you or your adviser by surprise. If you are not aware of it, the rollover rules changed dramatically recently and you do not want to get caught up by them. I also spend some time warning you about the very high commissions often associated with rollover business by advisers and insurance agents.
Finally, I spend the last part of the program talking about the recent volatility in the first two months of 2016. I put the recent price activity in perspective to determine if it is unusual or uncommon. You might be surprised by what I found compared to historical financial market volatility.
As always, thank you for listening to my program. If you ever have a question you can email me at firstname.lastname@example.org. All the best – Gary