If the Federal Reserve is going to drop money from helicoprters again or hints the discount rate will stay low for the next few years, how does that affect the dollar? (Hint: it isn’t going to increase a lot in value.) See this article in the Wall Street Journal by Jonnelle Marte:http://blogs.smartmoney.com/advice/2012/08/22/what-fed-action-would-mean-for-the-dollar/The good news is companies will be able to borrow at low interest rates, the bad news is your savings will be earning didly. But it hopefully will help the economy and the stock market eventually. Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
College freshmen need to learn their money limits
With college costing so much, kids today need to realize how expensive their education has become. See this article in The Sacramento Bee by Claudia Buck:http://www.sacbee.com/2012/08/19/4736253/personal-finance-college-freshmen.htmlIf the kids help by keeping their own costs under control and looking for college bargains in books, clothes, etc., maybe you won’t have to sell the house to pay for college.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Ex-IRS Employee Sentenced for Identity Theft and Tax Fraud
Recently we discussed tax fraud in prison; now there is actually tax fraud inside the IRS. A man employed by the IRS as a taxpayer service rep through March helped himself to taxpayer information from February 2008 till January 2011. See this article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/former-irs-employee-sentenced-identity-theft-tax-fraud-63744-1.htmlThis is getting crazy – prisoners as well as IRS Reps committing tax fraud. People estimating their deductions now seem like solid citizens.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035