Will There Be A Recession In 2022? How To Prepare Now

With mounting anxiety about an impending recession in the US, you may be concerned, or at least a little curious, about what this may mean for your finances. So how do you best prepare, save, invest and generally make smart money moves in these uncertain times? For some guidance to help navigate through this difficult financial period, CLICK ON THE HEADLINE

The IRS’ Dirty Dozen Scams: What They Are and How To Safeguard Your Information And Money

Following up on its June 2nd statement regarding the “Dirty Dozen” tax scams list for 2022, the IRS is now urging to watch out for pandemic-related scams including theft of benefits and bogus social media posts, a sad reminder that criminals are still using COVID-19 to steal people’s money and identity. CLICK ON THE HEADLINE FOR MORE

Roth IRA: Pay the IRS Now for a Tax-Free Retirement. Here’s How It Works

The last thing you want is to get hit with a giant tax bill when you’re transitioning into retirement. Learning about the tax advantages of a Roth IRA now can help you build your retirement plan for the future. CLICK ON THE HEADLINE FOR MORE

There May Still Be Hope For Monthly Child Tax Credit Payments In 2022. Here’s Why

While last year's push to expand the enhanced Child Tax Credit benefits was unsuccessful, it appears that lawmakers haven't given up the fight just yet — so there could still be hope for monthly tax credit payments in 2022. CLICK ON THE HEADLINE FOR MORE

Tax Professionals ‘Horrified’ By IRS Decision To Destroy Data On 30 Million Filers

The IRS destroyed data for an estimated 30 million filers in March 2021, according to the Treasury Inspector General for Tax Administration The decision, prompted by a backlog of paper filings, has sparked anger in the tax community. CLICK ON THE HEADLINE FOR MORE

Over 60 Million Tax Returns Could Be Completed Automatically, Study Shows

The IRS may have the ability to automate nearly half of tax returns, according to a paper from the National Bureau of Economic Research. The findings show the agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already has, covering 41% to 48% of taxpayers. CLICK ON THE HEADLINE FOR MORE