The American Taxpayer Relief Act of 2012
It’s the beginning of the year. And what better way than to go over, the “Act” or the American Taxpayer Relief Act of 2012, signed into law just 2 years ago, reminds me of Robin Hood. This new law increases the tax of the wealthy and gives back to the poor and middleclass. Some of its provisions are: Extends earned … Read More
What can happen if you don’t file a tax return?
Not filing a tax return is not a situation to take lightly; failing to file your income tax returns is a criminal offense. Every day the massive computer center at the IRS is getting more sophisticated. And what can happen is that information, from a bank account that pays interest, a paycheck or 1099, will be received by the IRS … Read More
Investors’ information sharing and use in virtual communities
Investors throughout the world, including an estimated 80% of investors in China and India, are now trading online (FinWeek, 2011). Low transaction costs, easy access, and aggressive marketing by online brokerage companies are attracting investors in unprecedented numbers. Online brokers also recently have launched a dizzying array of services available through mobile technologies, including applications for the iPhone and BlackBerry, … Read More