Pastor Tax Scam
Howard Dayton and Steve Moore discuss a new scam going around involving pastors and taxes. Then they turn to questions from listeners at 800-525-7000 and MoneyWise@Compass1.org:
- "I have an adult son with a mental disability. I receive disability income. My husband and I wish to provide for him in the event something unexpected happens to us, should we consider assisted living? How do we decide who should be in charge of his funds?"
- "Should I take money out of my 401K to pay off debt?"
- "I am retired military. Is it normal for the IRS to penalize you for not withholding enough in taxes?"
Be sure to check out the Compass website for a complete listing of helpful resources and radio archives.
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