Financial News

Wednesday May 24, 2017

Exciting events are happening at United Methodist Foundation of Arkansas
Our News
Thank you for your interest in United Methodist Foundation of Arkansas. Our hope is to serve you and your family with helpful information.
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Health Coverage Options for Pre-Medicare-Age Spouses
Savvy Living
My wife, who is 62, is on my health insurance plan through my employer. When I retire in a few months at 65, and go on...
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46% Reduction in IRS Identity Theft Reports
Washington News
On May 18, IRS Commissioner John Koskinen spoke to the Council for Electronic Revenue Communication Advancement (CERCA). He called the 2017 filing season "the smoothest filing season since I became Commissioner." By May of 2017, the IRS received 139 million returns. Over 152 million are expected by the October 16 tax extension filing date. The IRS issued 101 million refunds, with an average payout of approximately $2,800. Koskinen thanked the CERCA members for helping to support the IRS Security Summit. With the help of companies that provide tax-filing software and services, there has been major progress in "efforts to combat stolen identity refund fraud and protect taxpayer data." In Koskinen's view, the new safeguards produced "stunning results." There was a major decrease in fraudulent returns and bad refunds. The number of taxpayers who reported identity theft crimes declined dramatically. There were 698,700 reports in 2015 and only 376,500 in 2016. This reduction...
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Important Life Decisions
Personal Planner
"How can I plan?" asked Mary. "We just sold our home and bought a retirement condo. Our older child just moved across...
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