Most military members that have served in a combat zone know that they have an extension for filing their income tax. The barracks lawyers and finance folks on base will let you know about that. But what a lot of military members don’t know is that essentially all deadlines with the IRS are extended when you serve in a combat zone. (By the way, these rules also apply to Red Cross personnel, accredited correspondents and civilian personnel acting under the direction of the Armed Forces in support of forces in a combat zone…these folks need to be in the combat …Read More
According to AIG and the Treasury Department, we should all be applauding the grand success of the massive bailouts. Few outside of Washington or AIG’s imposing Wall Street headquarters are celebrating, however. The AIG bailouts, and there were many, left our economy more vulnerable and American taxpayers poorer than before.
The recent AIG marketing campaign makes my skin crawl. In what they are calling “America’s Profit,“ AIG boasts that repayment of the bailouts created a positive return for taxpayers. Making such claims after the largest bailout in American history deserves a review.
Sheila Bair, former FDIC chair, shares …Read More