Did You Know?
The highest income tax bracket today is 37% but it has been much higher. The individual Income Tax Act of 1944 raised tax rates to the point where the highest bracket was 94%.
The IRS Dirty Dozen
For the last several years, the IRS has issued a list of “Dirty Dozen†tax scams. Below are a couple recently released from 2019. Promises of Inflated Refunds Unethical tax return preparers promise taxpayers inflated tax refunds. Often, it’s the elderly and low income taxpayers, with no obligation to file, who are targeted by these […]
Bad Sport Didn’t Play by the Rules
Peggy Ann Fulford, 60, was sentenced to ten years in prison for defrauding former NBA players Travis Best and Dennis Rodman and NFL players Ricky Williams and Lex Hilliard out of millions. Fulford befriended the athletes before getting them to let her handle all their finances – including paying their bills, making retirement investments, and […]