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Identity Theft
How To Protect Yourself from Identity Theft And Phishing
Scams are everywhere. However, identity theft and its evil twin, Phishing, have become major problems. Strictly, identity theft occurs when someone literally steals your identity. They set up bank accounts, take out credit cards, and borrow money in your name. But related scams include someone using your credit card number illegally, or stealing your PIN and looting your bank account. Read More . . .

Two laws passed in 2006 may offer new tax planning opportunities
If you can name the two new tax bills passed by Congress this past year, you might be a master of trivia. But there is nothing trivial about the Tax Increase Prevention and Reconciliation Act and the Pension Protection Act. These laws could have an impact on your taxes.

IRS Warning
IRS warns about tax collection scams. Last September the IRS turned over collection of a small number of taxpayer debts to three private collection agencies. Despite safeguards, the IRS expects the scam artists to try to extract money from unwary taxpayers. You can expect to see bogus letters, telephone calls, and e-mails, all pretending to be official IRS collection efforts. The IRS has released information about the use of private collection agencies. Here's how the program will work. Read More . . .

Bonus Refund Coming
Did you know that you may qualify for an extra refund when you file your 2006 taxes? And if you qualify, you can claim the refund by filling out just one extra line on your 2006 tax return.
Read More . . .
New tax laws passed that could affect you.
Beware of Phony IRS E-mails

The IRS is warning taxpayers about fraudulent e-mails that appear to be from the IRS. The e-mails link to sites that look like the genuine IRS site and that request information such as the individual's social security number and bank account or credit card numbers. This information is then used by the scammers to steal the victim's identity and financial assets.

The IRS reminds taxpayers that it never sends out unsolicited e-mails and never asks people for PINs, passwords, or other private information. The official IRS Web address is . If the site is .com, .net, .org, or any other designation than .gov, it's not the IRS site.

New Pension Law Signed
On August 17, 2006, President Bush signed the Pension Protection Act of 2006. The Act mainly deals with the funding of traditional pension plans, requiring most plans to become fully funded over a seven-year period. The law also includes a number of important tax provisions.
Read More . . .

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