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Archive for July, 2012

TD Canada Trust Ranks 1st for Customer Satisfaction

Posted by Jesse Shand On Jul - 26 - 2018

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TD Canada Trust has done it again! For the 7th year in a row, TD Canada Trust has been awarded the top ranking in customer satisfaction among the Big Five banks by J.D. Power and Associates 2012 Canadian Retail Banking Customer Satisfaction Study!

TD Canada Trust ranked the highest in overall customer satisfaction among the Big Five ranking the highest in all 7 categories, with a score of 769. which includes:

  • Account activities
  • Account information
  • Facilities
  • Product Offerings
  • Fees
  • Financial advisor
  • Problem resolution

Ultimately, there was an overall decline in customer satisfaction within the Big Five, primarily due to a decline in fee satisfaction.

FBAR Non-Filers Beware: Either Tax Fraud OR Filing a False Tax Return Can Result in Deportation

Posted by Levi Dynon On Jul - 21 - 2018

Recently the Supreme Court held in Kawashima v. Holder (Feb. 21, 2012) that filing a false tax return in violation of IRC Section 7206(1) as well as other criminal tax offenses are aggravated felonies which can result in deportation of a resident alien. Just over two years ago we blogged about the 9th Circuit decision in Kawashima which came to the same conclusion. The Supreme Court has now upheld that decision.

To review the background, Mr. and Mrs. Kawashima were legal residents of the United States having moved to Los Angeles from Japan in 1984. According to an article in the Los Angeles Times they opened several sushi restaurants in the West San Fernando Valley area of Southern California.

1.25% APY Best money market rate with Amboy Direct (ends on 31 December 2012)

Posted by Jesse Shand On Jul - 18 - 2018

Amboy Direct has an ongoing promotion with their money market account called Money Market Max Plus. This money in the bank deal is offered to new customers residing in the state of New Jersey with existing checking account. Your checking account does not have to be with Amboy Direct, you can use your checking account with another bank. Then all you need to do is to link it to your money market account with Amboy Direct.

This money market deal is tiered and has the following current interest rates:

  • earn 0.25% APY for balances of $5,000 to $49,999
  • earn 1.25% APY for balances of $50,000 to $250,000

Consumers who wants to earn these best money market rates will have to make an initial deposit of $100 to open an account.

Bernanke – recession if Congress doesn’t act

Posted by Jorja Marion On Jul - 17 - 2018

Federal Reserve Chairman Ben Bernanke sketched a bleak picture of the US economy and warned it will darken further if Congress doesn’t reach agreement soon to avert a budget crisis.

Without an agreement, tax increases and deep spending cuts would take effect at year’s end. Bernanke noted what the Congressional Budget Office has warned: A recession would occur, and 1.25 million fewer jobs would be created in 2013.

The Fed is prepared to take further action to try to help the economy if unemployment stays high, he said. Bernanke didn’t signal what steps the Fed might take or whether any action was imminent. And he noted there’s only so much the Fed can do.

But the Fed chairman made clear his most urgent concern is what would happen to the economy if Congress can’t resolve its budget impasse before the year ends.

Cuts in taxes on income, dividends and capital gains would expire.

Pennies On The Dollar

Posted by Levi Dynon On Jul - 15 - 2018

The California Franchise Tax Board says that if you qualify, your delinquent taxes, penalties and interest can be “compromised” so that your payment of an agreed-upon portion will be treated as if you paid the full amount. Here’s what you need to do to pay pennies on the dollar when you owe income taxes in California:

What you should know before preparing an Offer in Compromise

Are you an Offer in Compromise candidate?

If you are an individual or business taxpayer that does not have the income, assets, or means to pay your tax liability now or in the foreseeable future, you may be a candidate.