Although the overall individual audit rate is only about one in 119, the odds increase dramatically as your income goes up, as it might if you sell a valuable piece of property or get a big payout from a retirement plan. The IRS wants to be sure that owners of IRAs and participants in 401(k)s and other workplace retirement plans are properly taking and reporting required minimum distributions.
There’s yet another way to buy things from the online retail giantAFP/Amazon released a new credit card designed to encourage you to spend even more at the online retail giant. In case you needed one more way — or reason — to buy things from Amazon, here it is. The retailer (AMZN) on Wednesday announced its new Amazon Prime Rewards Visa Signature credit card, which will offer 5% back to customers who are members of Amazon Prime, which itself costs $99 per year to join.
The wireless carrier also said it would record a pretax loss of about $1 billion in the fourth quarter after lowering the assumed discount rates used to measure pension and post-retirement plan obligations. The loss will not affect operating results in its various divisions and will be included as an adjustment in its fourth-quarter report scheduled for release on Wednesday, AT&T said. Wells Fargo analyst Jennifer Fritzsche said in a note that both the DirecTV and wireless numbers were a "net positive," and the DirecTV Now additions appeared to be ahead of expectations.