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.
The Internal Revenue Service today kicked off the week with the 5th item on its 2022 annual Dirty Dozen scams warning list, with a sad reminder that criminals still use the COVID-19 pandemic to steal people's money and identity with bogus emails, social media posts and unexpected phone calls, among other things.
Replacing Your Social Security Card Just Got Easier
The Social Security Administration has just released a streamlined process for obtaining standard replacement Social Security Cards for lost cards; however, if you need to make a change to your card (name change, etc.) you cannot use the new process.
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).