Archive | March, 2015

Washington Hotline – March 24 2015

WASHINGTON NEWS IRS Records for Charitable Deductions In IR-2015-48, the IRS outlined the required records for substantiating charitable deductions. The basic requirement is that gifts are made to a qualified charity. The Select Check online tool at www.irs.gov shows qualified nonprofits. Even though they are not on the IRS web site, gifts to churches, synagogues, […]

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Rising Longevity and Your Retirement

New research conducted by the Society of Actuaries (SOA), a leading membership-based organization for actuaries in the United States and Canada, revealed that older Americans are living longer than previously estimated. Specifically, SOA’s data showed that since its last report published in 2000 the life expectancy of men age 65 has risen two years from age 84.6 […]

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Washington Hotline – March 17 2015

WASHINGTON NEWS ‘I-Am-From-The-IRS’ Phone Fraud At a Senate Finance Committee hearing on March 12, the Treasury Inspector General for Tax Administration Deputy Inspector General for Investigations, Timothy Camus, explained the growth of an IRS “phone impersonation scam.” Camus called the “I-am-from-the-IRS” phone fraud the “largest, most persuasive impersonation scam in the history of our agency.” […]

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