Are You Scam Savvy or an April Fool?

This week, Hump Day is more than just Watchdog Wednesday. Being April Fools’ Day, when better not to be fooled by common scams of the season. Take this quiz to gauge your gotcha-avoidance know-how (answers at the bottom): 1. After you file your tax return, the IRS telephones, asking that you verify submitted personal information. How should you respond? A. Hang up. B. Provide the requested data. 2. Bathing-suit season beckons, and advertisements promise that a miracle supplement drops pounds fast — with a …

11 Things We Didn’t Know Last Week

News, discoveries and fun … 1. The average cost of a wedding stands at $32,213, including $555 for the cake. (Learn more at The Knot) 2. Social Security records erroneously show that 6.5 million people in the United States have reached the age of 112. (Learn more at Associated Press) 3. Barbra, Nanette, Sondra, Elmo and Waldo are on their way to extinction as baby names. (Learn more at Yahoo! Parenting!) 4. The zorro bubble-nest frog, Amsterdam albatross and tropical …

Need Cash? IRS Has $1 Billion in Unclaimed Refunds

Here’s a time you want to hear from the IRS. The agency has $1 billion in unclaimed refunds belonging to about 1 million people who didn’t file a 2011 tax return. The IRS holds the money for three years, after which it goes to the Treasury Department. Time is running out for 2011 refunds to be recovered by taxpayers. “Some people may not have filed because they didn’t make much money, but they may still be entitled to a refund,” IRS Commissioner John …

FTC: $1.7 Billion Lost to Fraudsters in 2014 — ID Theft Top Complaint … Again

Consumers reported losing $1.7 billion to scams and frauds in 2014, according to an annual review released by the Federal Trade Commission. That figure is likely a fraction of actual losses, since many people never report their victimization. For the 15th consecutive year, identity theft was the top complaint in the FTC’s Consumer Sentinel Network Data Book, accounting for 13 percent of the total 2.5 million filed complaints. That’s the same percentage as in 2013, but with more people reporting …

Obamacare: Ofrecen indulto tributario a los que no se han registrado

No sé si a ustedes les sucederá lo mismo que a mí, pero la temporada de llenar la declaración de impuesto federal del Servicio de Rentas Internas (IRS, por sus siglas en inglés) por si sola parece representar un riesgo de salud: la ansiedad, el insomnio y la presión alta llegan cada vez que pienso en que una vez más tengo que sentarme a completar cuidadosamente todos esos papeles, computar todos esos números, recuperar todos mis recibos. Considerando lo complicado y …

Prep for Safe Tax Filing … and for Scammers

There’s good reason — several, actually — why Monday kicks off Tax Identity Theft Awareness Week. As the tax-filing season gets under way for 2014 returns, the Internal Revenue Service faces massive budget cuts while two widespread tax scams continue. In addition to the epidemic IRS impostor scam, in which scammers pose as agents of that agency or the U.S. Treasury Department to extort supposedly “owed taxes,” there is another threat in the coming weeks: early filing of bogus tax returns to …