Lower Your energy costs:- The federal low income Home Energy Assistance program (LIHEAP) helps renters and homeowners get financial assistance and energy services to cut heating or cooling costs.
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According to Dave Ramsey of Daveramsey.com, 1 out of 11 identity thefts are done by members of the family.
Scary! The most disturbing part about this is that you must make a police report or you are liable for that debt.
Here are some of the suggestions he made to protect yourself from any sort of fraud (well the best you can anyway)
a. Buy Identity theft protection
b. Do not use any suspicious websites, even if they sound like they are offering a good deal. Always check that the site has a well-known security protection badge.
Some computers will drop down a box questioning the validity of the site and asking are you sure you want to continue
c. Check your bank statements often. I check mine every two or three days.
d. DO NOT give any information to any email you may receive until you have definite knowledge that the website or email is legit.
e. Credit cards and debit cards have the same security protection from the bank. Check both at regular intervals
If you find you have some inconsistencies in your credit report you have a legal right to question it. The Federal Fair Credit Reporting Act gives you 30 days to prove the inaccuracy and have it removed.
Did you know these interesting facts about the IRS
The President Abraham Lincoln created the IRS during the civil war to help pay for the military expenses.
The federal government spends about $10 billion per year to pay the IRS’s 114,000 employees
While we are on that subject here are 13 other facts you may not know about the IRS.
1. When it was first created, the IRS was known as the Bureau of Internal Revenue. In the 1950’s the name was changed to the Internal Revenue Service.
2. The initial income tax was only 3% tax on individuals making over $800. Today the top tax bracket consists of a 35% tax.
3. In order for the IRS to print the necessary forms and documents over 300,000 trees are cut down every year.
4. The IRS collected $2.2 trillion in 2006, with $1.2 trillion coming from just federal income taxes.
5. Prior to the introduction of the Taxpayer Bill of Rights in 1998, the burden of proof was put entirely on taxpayers, meaning taxpayers had to prove themselves innocent.
6. The IRS sends out an average 8 billion page of paper every tax season. If all the pieces of paper were laid out end-to-end, it would wrap around the earth 28 times.
7. Over 229 million income tax returns were filed with the IRS in 2006.
8. The federal government spends $200 billion per year on federal tax compliance, which is more money than it takes to produce all of the cars in the United States.
9. The IRS employs over 114,000 people. That’s over double as many as the CIA and five times more than the FBI.
10. The United States tax systems is widely known for being confusing and difficult to understand. Therefore, over 60% of taxpayers seek professional help preparing their tax returns.
11. The average family pays over 38% of their total income to the IRS, which is more than the average family spends on food, clothing, and shelter combined.
12. The IRS has a whistleblowers program designed to help catch tax evaders. In 2005 they paid over $27 million to informants that resulted in nearly $350 million in revenue.
13. Tax Day, the date when tax returns must be filed with the IRS usually lands on April 15th. However, if the 15th is a weekend or holiday, Tax Day is moved to the next business day.