Have you ever found yourself rushing to the bank during lunch hour, only to wait in line for a simple transaction? Thanks to virtual banking, those days are becoming history. Whether you’re a busy professional, an entrepreneur, or someone who simply values convenience, virtual bank accounts are revolutionising how we manage money in the digital age.…

Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill. Common holiday scams Scammers may try to trick taxpayers into falling for the gift card scam. With this scam, criminals may impersonate government or collections officials and send official-looking…

It is that time of year, again. The new tax season is approaching. Just a reminder, for your peace of mind, when you receive envelopes that say “Tax Documents Enclosed” put them all together in one folder where you open your mail. The IRS and Indiana will (presumably) open for filing on January 20, 2025…

$172 million recovered from 21,000 wealthy taxpayers who have not filed tax returns since 2017 in first six months of new initiative  WASHINGTON — Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel are delivering remarks at the Austin, Texas, IRS campus to announce new milestones…

IRS Identity Protection PINs, or IP PINs, are a vital tool to protect taxpayers from identity thieves. The IRS encourages taxpayers to get an IP PIN and establish their IRS Online Account. These tools help guard against fraudsters trying to steal personal and financial information. Important things to know about an IP PIN • It’s a…

WASHINGTON — With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024. September is National Preparedness Month. Taxpayers can begin getting ready for a disaster…

WASHINGTON – The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time. While most taxpayers get a refund after filing their taxes, many also find they unexpectedly owe taxes. This can be due…

Credit scores range from 300 to 850. Here’s how your score is calculated, where to get a free score and tips on managing your credit. How is your credit score calculated? Think of it like a bonsai tree: It requires careful tending and thoughtful behavior over time to produce the best results. Take good care…

Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may qualify for home energy tax credits. Who can claim the credits Taxpayers making improvements to their principal, or in some cases, secondary residence may be eligible for these credits. In some cases, renters may also be…

If you’ve got debt, you’ll need an easy-to-use budget to help you pay it down. Here’s the quickest and easiest ways to become debt free. Money is a finite resource. It runs out. If you’re on a debt repayment journey, you’ve probably noticed that by the end of the month, you’re often left with less…