Category: You Need to Know This

How do I Open an Online Checking Account?

Virtually all U.S. banks make it very easy to add online and app services to your regular checking account – so if you already have a checking account, you just need to sign up. If it’s your first time opening an account, you can do the whole thing online. Which bank you choose can depend...

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An Open Letter to Our Representatives: Please don't raise taxes for single moms!

An Open Letter to Senator Mike Crapo (Chairman) and Senator Robert P. Casey, Jr. (Ranking Member) of the Senate Subcommittee on Taxation and IRS Oversight, and Congressman Kevin Brady, Chairman of the House Ways and Means Committee Please don’t raise taxes for single moms! As a single mom, I worry about money from the moment...

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What is a Blind Trust, Anyway?

There’s a lot of talk about blind trusts in the news, along with a lot of conflicting and incorrect information. So here’s how a real deal blind trust works. First piece of business: A trust is just an arrangement where one person manages assets (like money and investments) for another person. Next, let’s define the...

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Beware the Latest IRS Impersonation Scams

“This is the IRS. Records show that you owe a $1,556 tax debt, that must be paid immediately or you could go to court or jail. For your convenience, you can send the funds on an iTunes gift card to this address…” If you’ve gotten a call like that, you’ve been the target of an...

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Don’t Fall Prey to Tax Identity Theft

Millions of Americans have already fallen prey to tax identity theft, and it looks like the problem is growing fast. In fact, one survey found that during the 2016 tax season, nearly 60% of CPAs had at least one client who had fallen victim to this fraud. What’s even more alarming: Most of the victims...

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