Your Unbiased Advisor: financial miracle

Showing posts with label financial miracle. Show all posts

Friday, May 13, 2022

Tax-refund Millionaires

Tax-refund Millionaire-- https://www.irs.gov/refunds

Most people spend their tax refund—your refund could be a retirement nest egg.

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $55,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund (average $3,000) to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $3,000 of her refund, she would be able to increase her refund—Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. The $3,000 could grow over time, if she left it in stock mutual funds in her IRA account. Over time, it has grown large enough that she will have enough for retirement.

I will help you start one in 1 hour: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Right now your $3,000 tax refund is worth DOUBLE

If we invest our tax refund in a stock fund—the shares are down 14% so far this year—the shares will easily double in value when the stock market recovers by next year. The alternative is to put $3,000 in a savings account earning .8% so you have $3,054 in a couple of years. $6,000 vs $3,054 in a couple of years. Stock prices are down—a sale. You are able to double your money in less time. Where can you do that? Not in a hedge fund. Warren Buffett proved that. Using a tax-FREE investment account, you may never have to pay tax on that portfolio increase. You can use the only legal tax shelter for working people. If you keep adding your tax refund to your tax-FREE account, you may have $250,000 in 20 years—and you will be able to spend it all—an extra 20-25% since there are NO income taxes on this special §408A account.

Go Tax-FREE: https://www.amazon.com/New-American-Retirement-System-ReserveTM/dp/1461030072

Is this annuity right for you?

This annuity provides you with a guaranteed income for life. And the amount adjusts for inflation so that in 20 years it pays you an amount that has kept pace with the rising cost of living. Most annuity payouts are fixed, so that the amount you receive buys only about HALF of what it used to buy. This annuity grows over the course of time instead of requiring a huge chunk of your nest egg when you stop working. In fact this annuity can begin when you really need it—after you have accomplished all the things on your “bucket list” and you have spent most of your nest egg. This annuity can never fail to pay your monthly income because it is not dependent on the financial soundness of an insurance company. The monthly amount comes directly from the United States Treasury to your checking account. And the Treasury has never missed a payment even when the rest of the government has stopped paying its bills. Talk about peace of mind. And you can receive over a $1 million during your lifetime. Take this annuity.

Maximize benefits: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224

Commoditization of the financial advice industry

Advisors can no longer afford to help families with less than $1 million of investible assets. Advisors cannot be sustained without the need to trade a lot of securities or sell a product like an annuity to keep the “fat cats” wealthy and their offices plush. Most large advisory firms have had to put clients into robo advisor mode. Wealthfront and Edge are examples. You are sent to the service center model, where the financial advisor does not play a critical role. Portfolios are standardized so you get one of 5-10 models. However, tax management or estate planning need more than an algorithm. So you are better off finding an expert on a fixed-fee basis at the time you need special services. For instance, many readers hired a planner (CFP) for a set fee to provide a comprehensive year by year estimate of income and expenses for 30 years. A tax accountant (CPA) can provide expert advice on handling tax matters. For complicated estate plans, you can secure a competent estate planner to guarantee your legacy. Remember, your IRA and regular mutual fund have beneficiary provisions which pass your money outside your will.

https://www.amazon.com/Lies-Financial-Advisors-Told-alternatives/dp/1478281545

Best Robo-Advisor: Ultimate Automatic Wealth Management

Morningstar, the securities analyst found that COST is the best predictor of financial success over time. Fidelity found that their client accounts that were most successful were those put on automatic—left alone—forgotten. Warren Buffett: “The stock market is a device for transferring money from the impatient to the patient.” Buffett claims that his holding period is forever. He advocates compounding (allow earnings on earnings to grow exponentially): "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Robo-advisors work because money does NOT trade, rebalance, market time, buy high-sell low or sector rotate. It compounds. Yes, it is counter intuitive and it violates every 'rule' of Wall Street. Leaving your money alone to grow by compounding the earnings is easy – but HARD. Human beings do not control their emotions -- fear and greed win out every time. In fact, the average investor earns only 3.79% annually (vs market returns of 11.06%) according to DALBAR’s QAIB for 10, 20, 30 years. Use the Ultimate Automatic Wealth Management firm for success.

https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

We will need to pay extra taxes on our inheritance

The new federal regulations would require many people who inherit money through traditional individual retirement accounts (IRAs) as well as 401(k)s, 403(b)s and eligible 457(b)s to withdraw funds from the accounts every year over a 10-year period, The Wall Street Journal reports. Non-spouse heirs are required to take minimum taxable withdrawals every year for 10 years from their inheritance in situations where the original account owner died on or after April 1 of the year of his or her 72nd birthday. These withdrawals, technically known as required minimum distributions (RMDs), must empty the account within the 10-year period. Heirs would pay a penalty of 50% on any RMD amounts that they failed to withdraw according to the schedule defined by the new IRS rules. This change, from “at the end of 10 years” to every year makes the tax-FREE Roth IRA more attractive to those making a legacy.

Consider a conversion to Roth: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

Another way we pay taxes for the wealthy

Our Representatives continue to provide rich people with another way to avoid paying taxes. This one is fairly simple to eliminate but it continues to blow up the amount we all have to pay in the national debt. This three-decades-old loophole that cuts private equity billionaires’ tax rate almost in half is called carried interest. It is really the profits taken from investors by investment managerial firms. Investment managers pay a lower tax rate “than teachers and firefighters” because money manager are taxed at the lower capital gains rate not the income rate we all pay. Private equity and investment firms spent about $3.6 million on DC lobbyists; over the next four years they spent a combined $75 million. Small amount compared with the $180 Billion they take over 10 years. Obama tried to revoke this special deal but he never “leaned” on senators to include carried interest in a tax reform push. Senators get election money from money managers and lobbyists so they continue to run up our tax bill by not paying their fair share.

Stop paying their tax: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Best graduation gift you can give

Make sure you teach your kids how to create wealth the easy way. My parents were not investors. At my first job, I had no clue which investment option to use for my 401k contribution and company match. The HR person told me to put it into the 'safe' stable value fund. That was the worst choice at my age I learned later when I got my securities licenses. If I had followed their advice I would have ended up with $150,000 instead of a Wealth Reserve of $877,233 about 33 years later. We have used this 'Wealth Reserve' as I call it to have funds to use low-cost high-deductible insurance, to buy two homes and 5 cars with higher down payments or cash, and now to receive $2,500 a monthly in retirement supplement.

Start their ‘Wealth Reserve’: https://www.amazon.com/Give-your-child-leg-manage/dp/1096505355

?**********ACCOUNTABILITY**************?

Like 1776, this period is a test of democracy—We rejected an "American fascist" once

The Path to Dictatorship: 2010-2030

Jan 21 2010 Corporations’ election-spending unlimited

Nov 2020 Wealthy discredit election process

Nov 21 2020 Trump’s Plans for a Coup: criminal

Jan 6 2021 Direct assault failed: guns & bombs ready

Trumpist’s Supremes end personal rights

Nov 8 2022 Trump’s “national revolution”

Trump: drop missiles on Mexico drug makers

Trump: “shoot the protesters”

How Govt wastes our money:

GOP plan to ban IUD etc: charge murder for end pregnancy by any means

GOP Supremes: no right to private decision like abortion, gender, marriage in Constitution

TX low-income Latinas face major obstacles when it comes to ending unwanted pregnancies

Alito relies on 1671 understanding of marriage to think women rights NOT Constitutional.

Trump gave troubled lab $628 million contract to make the COVID-19 vaccines: later destroyed

Rand Paul dissents helping Ukraine with aid: $40 Billion “doom US economy” but tax breaks OK

SCAMS/SPINS:

GOP good old days: no aviane, so rhythm, no abortion, so coat hanger, no gays so closet

A Trump world vs a DeSantis world: radical southern strategy overwhelms staid Joe.

DeSantis redistricting map that would have eliminated a Black district in FL

FL rejected 41% of books: 24 of them scored high on official reviewers but reject too

Guns Now Kill More Children and Young Adults Than Car Crashes: Books don’t kill!

Putting Putin’s partisan on trial for war crimes: 21 yr old murdered unarmed 62 yr old

Putin scores “victory’ kills 60 women/children hiding in school: killing Ukraine ‘nazis’

GOP souring on Ukraine support: 57 House vote no on aid for survivors

Greene said can’t remember Jan 6 coup and so did judge: more crazy Greene GOP stunts

Trump fails to provide subpoena documents because he “lost his phones” Judge tricked!

Medicare Advantage declines 18% claims experts say OK: insurers hate paying claims

Jeffrey N. Crossland CA caught stealing $3.5 millions church loan scam 4 years prison

Trumps caught taking $ millions: promote fake vitamin/health products

Supremes base abortion ban on 1736 Englishman’s hate of women as witch, property

GOP encouraged to ban contraception as well as other personal choice rights.

Never use TurboTax: caught misleading us about costs; pay fine no jail

Banks caught ATM surcharges not reimbursed: claim refunds

Forever Living caught promises HUGE earnings but distributors earn absolutely nothing

RAM Payment/Account Management Systems caught overcharging debt relief clients

SugarHouse Sportsbook caught fraud: “get up to a $250 match bonus on first deposit.”

TD Bank caught misleading “$300 Gift” TD can take back the $300 it “gave” us.

Recall 130,000 Tesla overheating cause the touchscreen to malfunction: burns your chips

Hackers are going after our data files with insurers: check your mobile password.

100 pairs of “extra destroyed” sneakers available to buy for $1,850: what you thinking?

work-at-home schemes provide income for criminals not us

Easy to mislead each other: fun for some costly for others: we’re conspiracy lovers

DeSantis holiday: mandate for students: learn “atrocities” by communist regimes no slave owners

GOP to block student access to online library databases: books, articles they don’t like

Jobs

Wage levels fell: inflation elevated at 8.3%: 6% wage rise less 8% price rise: we lost 2%

Who owns your account now?

Phoenix: fastest growing home prices: risen 216% since 2000! Institutional investors

Low-cost internet access for most Americans: some computer deals

NSM Insurance Group to Carlyle Group Inc

Allstate expects to raise premiums more: costlier litigation and used-car prices

Investors glad they did NOT put Bitcoin in their 401k as Fidelity recommended

Miracles:

Water shortage level likely trigger larger water cuts for Arizona, Nevada and California

Women among Ukraine’s foreign fighters: Putin didn’t bargain for these heroes

Warming: giant groundwater system under the ice sheet in Antarctica: raise ocean levels?

Congress hearings on UFOs next week: 144 events, 1 explained: watch C-span

Scientist says move NYC before it is too late; too expensive: who is this guy?

Floating Solar Power Farm on lake with battery replaces Putin oil

Plane passenger lands plane after pilot incapacitated: DIY flying using picture of controls

States that offer free college courses to residents: Harvard’s free online courses

Your investments in the stock market have doubled over the last 5 years: 200-400 IVV

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Everything in the universe from galaxy to stones is made of subatomic ‘vibrations’

Light is both a particle and a wave depending on how we look at the light.

A subatomic ‘particle’ is the smallest possible vibration (quantum) of a quantum field.

Mass–energy equivalence: E=mc^2. At the smallest level; Everything is moving!

Inside protons, neutrons, it is the fields of the virtual particles that creates its mass.

“Empty space is a boiling, bubbling brew of virtual particles that pop in and out of existence in a time scale so short that you can’t even measure them.” Space expanding.

We can apply for Medicare online: https://blog.ssa.gov/apply-for-medicare-online

We can apply for Social Security online: https://www.ssa.gov/benefits/retirement/

We can apply for health care online: https://www.healthcare.gov/

IAN

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Friday, May 7, 2021

Can your advisor really give you the best deal?

Perfect gift for your graduate

High school and college graduates need the best gift you can give them: a future of tax-FREE income. Get them started now since your gift can grow a THOUSAND times its value over time. For instance, $50 invested now can provide them with $20,000 when they need it later. Since you have started your graduate off with this special IRS-approved tax shelter they will find it easier to keep saving/investing the right way. They will end up with a tax-FREE retirement. They can create a $500,000 tax-FREE account. Some young people have grown their accounts to over $1 million by investing $167 a month for years. They will pay NO taxes on their wealth. They can avoid future tax increases. They can boost their savings by 30% just with the tax savings alone. And if they need a home down payment or business start up fund, they can use the contributions tax and penalty FREE.

Perfect gift: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

When you win the lottery, follow Warren Buffett’s advice

Let’s say you win over $1 million. What do you do—pay half to the government and spend the rest? Historically, most winners end up with no money within 10 years. Instead, you could live on wealth income for the rest of your life. If you think you won, first, don’t sign the ticket. Contact a lawyer who can help with setting up an entity to claim the winnings and perhaps reduce the taxes. In some states, you can avoid publicity and ‘ugly relatives’ this way. Next you want a fee-only financial planner to help work out the use of the money after taxes. (Our CFP cost only $300 in 2018) If you choose the long-term payout, they could help you obtain a loan to fund your immediate spending needs (cars, mansion, travel, expense accounts, etc). A bank would love to help you since your entity can guarantee loan repayment. At this level of wealth, you don’t need to speculate on stock gambles. Follow Warren Buffett’s advice and use low-cost Vanguard funds to power your next 50+ years. He’s got $100 billion so he knows where to invest it.

https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Do you need a financial miracle?

How long does it take to save $500,000 for retirement? Your best CD rate today is 1% for 5 years. It would take 100 years saving $3,000 a year (250 a month) to hit your goal. For most of us it will take a miracle to reach our goal of $500,000. The miracle we need is called compound interest. It works like this: if we took a calculated risk and invested in the changing top American corporations and reinvested their dividends into the business earning on average 11% a year, we would reach our goal in about 27 years. Long-term investors in low-cost stock index funds earn 11% a year on average—not every year but over their working lives. Check out how much you could have earned in stocks every year in the last century: http://www.moneychimp.com/features/market_cagr.htm.

So the choice is yours. The probabilities of the miracle of compounding working for you to reach $500,000 are over 90%. You are certain to never reach your goal in your lifetime using ‘safe’ bank CDs. In fact, you will lose money because inflation of 2% a year is greater than earning 1% a year. You need your money to earn money on its earnings too.

You need a miracle: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513/

Do you need financial future insurance?

Do you have a financial future? Set and reach your money goals. Set-up a tax-FREE investment account. Buy and hold 10 mutual funds all your life. The greatest impediment to financial freedom is debt. Most of us live paycheck to paycheck. Freedom from our chains of lifelong payments requires immediate action: cutting credit cards and amputation of some of our costly toys and habits. Going cold turkey is the only way to save our life in rehab. When we have financial freedom, we can buy new toys using the profits from our investments. Right now, you are making other people wealthy from your monthly payments. When you pay $161 per month for 10+ years on your credit card balance of $10,050, you will spend at least $19,360. You pay almost double for that same $10,050! I will show you how to be on the other side of the deal—collecting $20,000 for your investment of $10,000. Over time, you can be your own bank and own your toys outright. Your investments can provide you with a home down payment or business start-up. You can be assured of a financial future. You could be a millionaire from $9 a day. See page 39. Listen to how this parking lot attendant did it: https://www.youtube.com/watch?v=qlUIOxQr3bo. Unfortunately our schools don't teach us how to avoid becoming debtors for the rest of our lives. They could teach us how to accumulate $1 million by compounding $9 a day. If we learned how to double our account early, we would save ourselves the grief of financial enslavement for the rest of our lives. We could learn the simple financial essentials—accumulate assets as soon as possible. We don't need complicated insurance, mutual funds, or financial products to have the good life. We can buy our freedom with only $9 a day. We don't waste $3,000 a year on high-cost financial products and taxes. We avoid the two KILLERS of wealth accumulation—taxes and fees.

Get free: https://www.amazon.com/Financial-Future-Insurance-mutual-funds/dp/149355204X

Apply for Medicare B healthcare at Social Security

You need to apply online since most Social Security offices are closed. (I never found out why you apply for Medicare B coverage at SS offices.) If you currently have employer insurance, you may be able to buy Part B (doctors) coverage when you retire without paying the extra cost. You need proof from your employer that you qualify for special enrollment by using form L564. When you have your app form 40B and signed L564, fax them to your local SS office and call immediately so they can find the forms on their computer. Otherwise the DeJoy mail delay program may delay your coverage start date. Your app gets assigned to operators and eventually you can verify you have coverage via your online Medicare account. At this point you can prove to a private carrier that you have Part B if you are buying Part C & D an Advantage plan or Medicare Supplement to cover the gaps in ‘original’ Medicare coverage. America is the only country to make health care as complicated as possible so citizens are discouraged from getting coverage.

Start here: https://www.ssa.gov/benefits/medicare/

Can your advisor really give you the best deal?

Can advisors who get paid for sales volume really act as your fiduciary—acting only in your best interest? This historic debate continues as it becomes easier to manage your own money. For instance, a simple market index increased 56% in the last year versus advisors who took home huge paychecks. Did they work twice as hard? Since the 90s, investors have found the better way with low-cost mutual fund provider Vanguard. John Bogle, founder, created the first large company index open to the public. The 500 Index represents 3/4ths of the stock market at only 0.04% annual expense instead of 1-2% for advisor’s securities. This is important since your retirement income is largely determined by your gains minus your costs: $3 million vs $1.5 million for 40 year $3,000/year investments. Vanguard members who own all the Vanguard funds can pay a fee for service when they actually need financial advice. Example: you retire with a 401k of $500K. Cost to move to Vanguard is 0.04% or $200 a year. Cost for your advisor: $5,000 to $7,500. Vanguard funds are the investments recommended by Warren Buffett.

Go with unbiased advice: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

How do you know you will have enough in retirement?

Congress is thinking of changing the rules for annuities. The industry has not been able to sell as many recently so financial lobbyists have been paid a bundle to bundle up changes that few in Congress understand. Annuity sellers want you to think you get a better deal by locking up your money with them instead of using the growth and income strategy. If living longer and going into retirement with less money were problems that annuities could solve, the changes would be great. However, remember that sales people make big bucks on annuity sales and you pay for all those promises. Annuities are guaranteed by an insurance company but they may not be able to overcome long-term inflation because the payouts are based on current bond interest and interest rate hedging. You may be able to receive more income from an annuity than current bank CDs but your future monthly income may not cover your expenses. It is better for you to follow Warren Buffett’s advice in retirement.

Buy growth and income: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

Your retirement income puzzle

You are required to start taking your pension and IRA money out starting at age 72 (70 ½ if you reach 70 ½ before January 1, 2020). And you must take out a certain amount each year whether you need your RMD or not. You can only estimate how much you must take since it changes every year. Also you must decide when to start taking your SS benefits. You get more by waiting but every person must make the decision for themselves based on their current needs not on some guess of future income sources. So how can you solve this puzzle? You could hire a professional financial planner for a one-time fee or keep paying your advisor 1-2% a year as your nest egg grows. Either way you will only receive an estimate from these folks. There is no guarantee for the future. The key according to those who have been through this process for years is to keep as flexible with your assets as possible. Don’t lock your money up long-term. Don’t put all your money in bank CDs or bonds or an annuity. No one solution is guaranteed.

Planning helps: https://www.amazon.com/What-your-RMD-much-spend/dp/1718946716

Last chance to reduce taxes due May 17

If you owe, you have one last chance to get a refund or reduce what you owe. Thanks to the deductibility of a traditional IRA contribution, you may cut yourself a break. Instead of owing the government, you could have a refund. The amount depends on your situation. By opening or adding to your IRA contributions for 2020 not 2021, you give yourself a retroactive refund. Yes, the IRS will receive a contribution confirmation from your bank or mutual fund firm but at least you have one less bill this month. Even though every tax preparation company can get you an extension to file the paperwork, the tax itself must be paid by May 17. There are rules.

https://www.amazon.com/Your-Wealth-Reserve-Save-year/dp/107028288X

Where is that refund?

The Internal Revenue Service today reminds taxpayers that the most convenient way to check on a tax refund is by using the “Where’s My Refund?” tool at IRS.gov or through the IRS2Go Mobile App.

Where is the stimulus 1 or 2? If you did not receive stimulus 1 or 2, start filing here: https://www.irs.gov/newsroom/recovery-rebate-credit.

Stimulus 3? https://www.irs.gov/coronavirus/third-economic-impact-payment

Estimated tax payments are still due April 15. If you are self-employed or do not have enough withheld from a paycheck, pension or Social Security, you may have to send quarterly payments to the IRS. Tax returns for 2020 are due May 17 not April 15 but the estimated tax payments are still required on schedule.

IRS will redo your taxes and send refund if you paid tax on Unemployment 2020 or you paid ObamaCare’s excess advance premium tax credit repayment.

Have tax forms; will file … for FREE but WAIT . . .

If you have unemployment income, ObamaCare coverage you should wait to file since the IRS has not yet implemented tax-FREE provisions of the new Covid law. If you already filed and paid tax on your unemployment income, IRS says it will send you a refund of the tax automatically. DO NOT FILE an amended return to obtain a refund on this tax. Taxes due MAY 17 not April 15. Input the W-2, unemployment, SS benefits, IRAs, pensions, RMD, brokerage, etc. forms you have. You can file for FREE online. If you didn’t receive a correct form, file a Form 4852. Usually filing your state return costs as little as $15 unless you buy the Pro helpline. Avoid $300-400 paid preparer fees—new IRS forms mean higher fees. Unemployment insurance is TAXABLE on the Federal income tax return; not on some state returns. Some states do not tax your SS and pension benefits.

Retirees did not have to take their RMDs in 2020 so taxes may be less: it was a good time to convert IRA to Roth IRA for tax-FREE future. Unless you were self-employed, you can’t deduct home office expenses of working from home. You can deduct as medical expense all Covid prevention supplies. Some states continue the health insurance mandate and penalty unless you have an exemption. Since the IRA contribution deduction has no age limit now, you may reduce your income/taxes by making a contribution of up to $7,000. The standard deduction went up to $12,400 single; $24,800 joint. Jan 15 last day to make 2020 estimated payments. You have to report your April/May and December/January stimulus payments even though they are not taxable. Some of us receive a bank credit; some a debit card; some a check. Even if you don’t have to file, you should file so scammers can’t use your SS number to mess up your IRS file. Tested E file software ratings. Efile Jan 15; IRS processing Feb 12.

E file avoids covid at your preparers’ office: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

What to do if you can’t pay by May 17?

Avoid the penalty for not paying estimated tax. Ask for an automatic extension to file till October. If that does not work for you, you can apply for a payment plan. An individual can setup an IRS installment plan if you owe $50,000 or less and can pay back the amount owed in 3 years. If you are a business owner, you can setup an installment plan if you owe $25,000 or less. The IRS will charge a one-time fee of $105.

If you own less than $25,000 and can pay the amount owed within six years, ask the IRS for a streamlined payment agreement. The IRS will charge a one-time fee of $102.

Request an Offer in Compromise if you cannot pay the total amount owed. This allows you to settle your tax debt for less than the total amount owed if you will be unable to pay back the total amount owed within 10 years. The IRS will charge a one-time fee of $150. Given the pandemic economic hardship, apply for the extension to file now: https://www.irs.gov/pub/irs-pdf/f4868.pdf

Special circumstances help: call the IRS Taxpayer Advocate Service 1-877-777-4778 for free assistance.

More ways: https://www.irs.gov/newsroom/heres-how-people-can-pay-their-federal-taxes

IRS has $1.3 billion refunds for 2017 tax returns

Unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 return, according to the IRS. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on May 17.” If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. Filing instructions are available on the IRS.gov Forms and Publications page or 800-829-3676.

You have 17 days to collect your cash!

**********ACCOUNTABILITY**************

Like 1776, this period is a test of democracy—We rejected an "American fascist"

Cheney: Mr T is “poisoning our democratic system”

The BIG con: 2020 election was ‘stolen’

Facebook ban: Mr T used his account to "incite violent insurrection."

Judge: Trumpist Barr deceived us re: Trump prosecution

Terrorist blames FoxNews for attempted coup

When ‘Truth and Reconciliation Commission’?

How Govt wastes our money:

Landlords and tenants go broke from Pandemic as rich get richer by 55%

We pay Most corporations/wealthy don’t pay tax rate: we give many refunds or subsidies