June 2022

IRS Announces Their "Dirty Dozen" 2022 Tax Scams

The Internal Revenue Service released its "Dirty Dozen" list for 2022, which includes potentially abusive arrangements that taxpayers should avoid.

The potentially abusive arrangements in this series focus on these four abusive transactions involve charitable remainder annuity trusts, Maltese individual retirement arrangements, foreign captive insurance, and monetized installment sales.

Communicating Capitalism

America enjoys levels of wealth and prosperity never before experienced in world history. For that, we can thank capitalism.

But capitalism is not doing so hot among the young. According to the latest Gallup survey on views about capitalism and socialism, more Americans aged 18 to 29 are positive about socialism (51 percent) than about capitalism (45 percent).