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Knaub & Company, PC

Certified Public Accountants

78 Meadow Village Drive, Suite E

PO Box 161030, Big Sky, MT 59716

 

Phone:  406-995-6040

Fax:      406-993-2772

  

Email: knaubco@3rivers.net

November 2020

November 2020 Short Bits

ClientLine Short Bits

MARRIAGE AND COHABITATION
According to the Pew Research Center, the number of adults who have ever lived with a partner, but didn’t get married, has surpassed the number of adults who have ever been married, 59% to 50%. Although 58% of married couples claim to be satisfied with the marriage, only 41% of cohabitators feel the same with their partner. And overall, married couples are more satisfied with the trust and communication they have with their spouse than those that cohabitate.


DIGITAL INNOVATION
Tech experts foresee significant digital advances in the civic and social realm. Nearly seven out of 10 experts polled believe that the next decade will see technology mitigate problems. Driven by privacy concerns and misinformation, the social media landscape will change dramatically in the next 10 years. They also believe there will be significant political reform via technology and a focus on healthier living. Ethical artificial intelligence will be widespread to improve lives and quash misinformation.


DIRTY DOZEN
Each year, the IRS puts out its dirty dozen tax scams to educate taxpayers. Scammers historically use tax season and emergencies to scam people out of their money. In addition to the usual scams like imposter phone calls and phishing, this year the IRS is seeing a rise in scams involving fake charities and cyber crime. Due to the pandemic, scammers have created fake charities to steal from good-intentioned individuals. They do this through unsolicited phone calls or emails. The unsolicited emails create the risk of installing ransomware on the victim’s computer when the email recipient clicks on a link in the email. A list of legitimate and qualified charities is available on irs.gov.


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