KeatsConnelly Cross-Border Weekly Best of the Web 2014-5-23

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we begin with an important alert from the IRS regarding a new phishing scam that everyone should be aware of, a view on the financial literacy of Americans and a view on the link between U.S. and Canadian economies.

IRS Tax Scams/Consumer Alerts (http://www.irs.gov/) – Alert of New Email Phishing Scam: “Update your IRS e-file” –  The IRS has been alerted to a new email phishing scam. The emails appear to be from the IRS and include a link to a bogus web site intended to mirror the official IRS web site. These emails contain the direction “you are to update your IRS e-file immediately.”  The emails mention USA.gov and IRSgov, though notably, not IRS.gov (IRS-dot-gov). Don’t get scammed. These emails are not coming from the IRS…

The Post Recession Financial Literacy of Americans Is Still Pitiful (http://www.nationaljournal.com/) – The financial know-how of most Americans stinks, roughly five years after the global financial recession officially ended. The majority of people still can’t correctly answer five basic questions about interest rates, mortgages, bonds, inflation, and risk-taking. The financial crisis may have prompted discussions about the need to promote financial literacy, but just 14 percent of 25,000 Americans surveyed knew the answer to all five questions, according to a 2012 report on financial capability in the U.S., published by the Consumer Financial Protection Bureau, the Treasury Department, and the FINRA Investor Education Foundation…

With U.S. Recovering, expect Canadian economy to be taken along on ride (http://www.calgaryherald.com/) – Confidence is growing that the Canadian economy is rebounding from a weather-related winter hiccup and is poised to take advantage of stronger U.S. demand. International forecasting house IHS Economics — formerly known as IHS Global Insight — became the latest to offer a relatively positive spin on Canadian prospects as it predicted growth picking up for the next three years…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
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This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
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US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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