Below please find daily updates pertaining to the latest in financial, business, and tax news:
What to Do With 529-Plan Leftovers
Posted: Sun Feb 05 14:05:10 PST 2012If you haven't used all the money in your college savings plan, don't just cash it in. You have other options....
A Low-Cost Choice for Muni Income
Posted: Sun Feb 05 21:01:00 PST 2012Spotlight: A fund that offers a low-cost option for investing in munis, whose yields remain higher than on some other bonds, such as U.S. Treasurys....
Retirement Plans Will Soon Start Talking Fees
Posted: Sat Feb 04 21:01:00 PST 2012Under a new Labor Department rule, mutual-fund companies and other 401(k) administrators must disclose plan fees to employers and to the workers investing in the plans....
Will Sales-Tax Deduction Live On?
Posted: Sat Feb 04 21:01:00 PST 2012It appears likely that lawmakers will extend the provision, which lets people deduct the general state and local sales taxes they paid, beyond its scheduled expiration at the end of the year....
Frequent-Flier Tax Traps
Posted: Fri Feb 03 21:01:00 PST 2012Consumers who got a chunk of frequent-flier miles as a reward for signing up for a new Citibank credit card are upset that Citi has sent a list of recipients to the IRS. Does this mean such rewards are taxable?...
Annuitizing Your 401(k)
Posted: Fri Feb 03 21:01:00 PST 2012Washington is making it easier for workers to purchase lifetime-income products in retirement-savings plans?and insurers are following suit....
Corporate Taxes Fall to 12.1%
Posted: Fri Feb 03 10:02:00 PST 2012Total corporate federal taxes paid fell to 12.1% of U.S. profits in the government's latest fiscal year, the lowest level since at least 1972 and well below usual rates of around 25%. Most of the credit--or blame--goes to a temporary break to spur investment....
IRS Spearheads Bid to Head Off ID Theft
Posted: Tue Jan 31 21:01:00 PST 2012The U.S. arrested 58 people over the past week in a national crackdown on identity theft led by the IRS and the Department of Justice, the tax agency said, as it steps up prevention efforts....
Maximum Money: Five Tools to Lower Your Tax Bill
Posted: Mon Jan 30 00:20:00 PST 2012Losses in the stock market and investments in infrastructure bonds can help reduce the taxes you have to pay this year....
Blessings of Gridlock: Few Changes in Taxes
Posted: Sat Jan 28 21:01:00 PST 2012Taxpayers will have to grapple with relatively few tax-law changes on their federal income-tax returns for 2011, but some of the new forms and changes there are can be tricky....
