Know A Tax Cheat? Get Paid To Tell The IRSWritten by Jeffrey Strain
According to IRS, taxpayers underpay their taxes by some $300 billion. If you know someone that is contributing to that deficit, IRS may be willing to pay you up to $10 million for information you provide. The bigger cheating you report, more you're likely to receive. The most important thing to claim your reward is quality documentation. Without documentation of cheating going on, it's unlikely that IRS will investigate charges and thus no money bonus for you. As might be expected, IRS receives a lot of information that is merely a hunch or because someone is trying to get back at somebody. If you feel you have information and documentation to back up your report, IRS would be extremely interested in hearing from you. You can contact IRS toll free at 1-800-829-0433 if you suspect tax fraud. When contacting them, you'll be expected to provided following information: 1. Your name or an alias 2. The name and address of person you're reporting
| | College Savings PlansWritten by Vanessa McHooley
College Savings Plans So you have just carried your newborn into house for first time, placed him or her down into freshly-purchased crib that you just obtained, and watched him or her drift into their first sleep under your roof. Now it’s time to head downstairs by fire, cuddle up with your spouse, and start discussing college plans for this new little tyke. Wait, college plans? That’s right. It is never too early to start planning future out for your child, especially with way that college tuition is elevating to new heights with every passing year. Before you start planning though, it is important to know your options as new parents to a potential college student (even if he or she is just a few days old!). Start A College Savings Plan Through Your Bank Your first option when learning about college savings plans for your child may be to contact your local bank and discuss possibilities of opening up a special college savers’ fund for your child. Not all banks have them readily available for customers, but check with yours to see if this is an option. If not, you will then have to contact specific companies that deal with college savings plans, such as Section 529 state college savings plans. Such a plan enables you, as new parents, to start stashing money away now, so that junior can attend your state college once he or she is of age to do so.
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