IRS Tax Support

Interest rates on short-term Treasury bills fell in Monday’s auction with rates on both three-month and six-month bills dropping to the lowest levels on record.
The Treasury Department auctioned $27 billion in three-month bills at a discount rate of 0.150 percent, down from 0.355 percent last week. Another $27 billion in six-month bills was auctioned at [...]

Federal housing finance agencies hold or guarantee $6.8 trillion in debt — the equivalent to more than half of the government’s total debt.
Fannie Mae, Freddie Mac and the 12-member Federal Home Loan Bank system control $6.8 trillion in debt, the Federal Housing Finance Agency said Monday in a report. The entire national debt is $10.6 [...]

Cash and cash-equivalent investments - traditionally stodgy options for advisors - are gaining appeal as extreme market volatility pushes many clients beyond their comfort zones.
Advisors typically suggest that clients limit cash exposure to between 5% and 10% of their portfolios, or maintain a reserve that is equivalent to between 18 and 24 months of living [...]

Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government’s bailout of insurer American International Group Inc. The Dow Jones industrial average dropped about 450 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys [...]

Another April 15 has come and gone, and millions of taxpayers still haven’t filed their tax returns.
About 10.3 million Americans were expected to file for automatic six-month extensions this year, up from 10 million last year, according to Internal Revenue Service estimates earlier this year. But some people didn’t even bother getting an extension.
Whatever the [...]

A broad housing rescue package aimed at preventing foreclosures would have the government step in to insure up to $300 billion in new mortgages for struggling homeowners. The plan, designed to stabilize a key sector of the shaky economy, is set for a House vote Wednesday. It would let the Federal Housing Administration insure more [...]

The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.

The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big [...]