Thursday, January 12, 2012

The Asian Markets gain

"Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day."

Chikako Mogi wrote in an article I found on yahoo.finance.com It's a good read http://finance.yahoo.com/news/global-shares-gain-strong-debt-012148460.html

keep your eyes open, and don't be surprised if the foreign markets keep rising throughout 2012.

Tuesday, January 10, 2012

Wall Street is looking up

Chuck Mikolajczak writes "Stocks climbed to a five-month high on Tuesday" in a spirit lifting article on yahoo finance

"U.S. bank stocks continued a rebound that has lifted the KBW banks index (Philadelphia:^BKX - News) nearly 9 percent so far this year. The KBW rose 1.9 percent on Tuesday."

Better days are ahead on Wall Street, read the full article: http://finance.yahoo.com/news/stock-futures-signal-stronger-wall-114142114.html

Sunday, January 8, 2012

ABC news article about ways to cut your taxes

"You can shore up your retirement savings and save on your taxes at the same time by putting more money into your 401(k) plan by the end of this year." ABC news says in a post their website abcnews.go.com titled "Increase Your 401(k) Contribution and Lower Your Taxable Income"

5 Ways to cut taxes This is great advice I found while browsing this morning.

Saturday, January 7, 2012

Latest from Yahoo: Tax gap: IRS comes up $385 billion short

"The IRS has noted that compliance among taxpayers is highest when there is third-party reporting of income. So, the basic W2 working Joe who has money withheld automatically from his paycheck typically has a very high compliance rate." -Jeanne Sahadi from www.CNNmoney.com wrote yesterday in this article:

Tax gap: IRS comes up $385 billion short

I found this article interesting , with over 140 million returns filed a each year, and only 22,184 employees working in IRS enforcement. They will have a difficult time closing the tax gap on their own.