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Personal Finance

Fake IRS agents target thousands in big tax scam

Thursday, March 12, 2015

WASHINGTON — Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam. More than 3,000 people have fallen for the ruse, Timothy Camus, a Treasury deputy inspector general for tax administration, said Thursday. They have been duped out of a total of $15.5 million. People in every state have been targeted. “The criminals do …

Bill Gates again tops Forbes list of billionaires with $79.2B

Monday, March 2, 2015

NEW YORK — The world’s richest person got even richer this year. And a basketball superstar-turned-owner made the list for the first time. Forbes said Monday that Bill Gates’s net worth rose to $79.2 billion in 2015 from $76 billion last year. That put him at the top of the magazine’s list of …

Who says business and pleasure don’t mix? Not these family business owners

Saturday, February 21, 2015

Running a family-owned business has rewards — and also challenges — unique to businesses owned by members of the same family, say those in the field. The most notorious local example of a family business gone awry is the Market Basket debacle of last summer, when a long-simmering dispute over ownership and bad …

Special tax provisions for members of military

Thursday, January 31, 2013

Katie Hanson is a military spouse; her husband, Lt. Cmdr. Marc Hanson, is on active duty in the Navy. He has Florida as his home of record, even though he is based at Naval Air Station North Island, …

Same-sex couples can’t file joint fed taxes

Thursday, January 31, 2013

WASHINGTON — Even though an increasing number of states are legalizing gay marriage, same-sex married couples still won’t be able to file joint federal tax returns this year. The federal Defense of Marriage Act defines marriage as “a …

Numbers to know when you file your return

Thursday, January 31, 2013

Key numbers to know when filing your 2012 tax returns, according to the Internal Revenue Service: • PERSONAL EXEMPTION: —Each personal or dependent exemption is worth $3,800. • STANDARD DEDUCTION: —$11,900 for married couples filing a joint return, and qualifying widows and widowers —$5,950 for singles and married …

Changing family dynamic may lead to some tax relief

Thursday, January 31, 2013

WASHINGTON — Members of the sandwich generation — caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs — might find some relief come tax time. The bottom line is, who’s a dependent? …

Tax rates, AMT patch already set for tax year

Thursday, January 31, 2013

WASHINGTON — You can expect a lot less end-of-the-year drama on taxes in 2013. But there’s a price tag: The payroll tax holiday has ended for all workers, and higher-income people will bear a heavier tax burden. Many …

Why it’s important to put your house in order — before you retire

Tuesday, December 18, 2012

My husband and I paid our annual visit to the financial adviser who watches over our undoubtedly inadequate retirement savings, an appointment that is not unlike those with the dentist: necessary but never fun. During our meeting, I proudly listed the home maintenance projects I had undertaken as …

Green Communities helps Chesterfield residents save

Tuesday, November 27, 2012

CHESTERFIELD — An innovative energy-saving program is making an offer some town residents can’t refuse: potential savings of up to $3,000 on improvements designed to weatherize their homes. For Nicolas Frischer and Erin McEnaney, for instance, who want …