Search This Blog

Search Tool

Mar 21, 2018

CNBC | Straight Talk From The Money Editor on March.

Straight talk from the money editor
It's tax scam season. I have covered this topic before, but it bears repeating because, despite all the warnings, these fraudsters continue to successfully find unwitting victims.
Scams using the Internal Revenue Service take many different forms. The most common scams are phone calls and emails from thieves who pretend to be from the IRS. Despite what you think about the IRS, they will not threaten to bring in police, immigration officers or other law-enforcement to have you arrested for not paying your taxes. People, listen to me: These scammers are looking to steal your money. It's a fraud! Tell your friends and family. You have been warned.

Jim Pavia
Money Editor

Top News

Russian hackers are after your tax return
Tax time is prime season for hackers who'd like to grab your W-2, your refund and anything else they can get their hands on. Here's how your data ends up in the hands of scammers overseas.

The tax scams the IRS wants you to watch out for in 2018
The Internal Revenue Service has updated its "dirty dozen" list with the scams you need to watch out for this year, including tax preparer fraud, phone scams and identity theft.

Investors show interest in actively managed ETFs
Migration to passively managed funds continues apace, but rising interest rates and increased market volatility is leading to a concurrent move away from pure indexing.

Lock in lower credit card rates before the Fed starts hiking
Carrying a balance on your credit card is about to get more expensive.

Don’t waste your cash on bitcoin: Buffett, advisors
Three members of the CNBC Financial Advisor Council chime in on the prospect of cryptocurrencies, and the blockchain technology they rely on, as investments.

This homeowners' tax loophole is not for the faint of heart
You once were able to take a tax break for interest paid on your home equity loan or home equity line of credit — no matter how you used it. That's about to change.

Crafting a better retirement for workers at small businesses
About 57 million Americans have no access to a retirement savings plan through their employers. Some states want to change that.

How to slash your tax bill and juice your savings
If you're taking your time to file your taxes, stop and dig through your receipts. You can still snag these credits and deductions.

What you can expect without the investor protection rule
A key court decision has blocked the so-called fiduciary rule that protects your retirement savings from bad actors. This is what you can expect.

Spot your tax preparer as a fraud before it's too late
Crooked tax professionals will lure you in with the promises of big refunds, but the penalties for you could be steep. Watch out for these warning signs when filing your returns.

Some alternatives to evidence-based investing
"Systematic investing has been around for almost as long as investing has been around. It goes in and out of favor like all investment ideas do ..."