Did you receive a 5071C Identity Verification letter from the IRS?
To contact them directly to verify yourself -
Call 877-777-4778
Or
Go to website
https://www.irs.gov/identity-theft-fraud-scams/identity-and-tax-return-verification-service
You will need your current tax return when verifying.
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Taxes / Planning / Beneficial Ownership Information(BOI)
See our EG Tax Weekly Tax Tips!!
IF you need extra money to beat inflation you could always sell your personal items. IF they are sold at a loss the money you receive for it is tax free. Ex - You sell an old swing set that you purchased for $1,500 10 years ago for $200, than that $200 is tax free.
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High yield savings and CD rates as of 7/24/2024
Savings accounts (these have no specific term....can change yield anytime they want)
FORBRIGHT BANK 5.3%
JENIUS BANK 5.25%
C.D.'S (You are committed to term...and they are committed to yield...)
BMO 4.75% 5 YEAR CD
BMO 5.05% 1 YEAR CD
SALLIMAE 5.15% 1 YEAR CD
1ST NATIONAL BANK 4.5% CD 5 YEAR
*CD rates Change Daily