01.11.24 IRS Tax Penalty News / Vanguard’s Target Date Funds

The IRS has been in the news for waiving penalties from prior tax years AND people are getting surprise tax bills. That has brought about a slew of companies advertising tax debt relief. Know what applies to you, and why you shouldn’t take the bait for “debt relief”. Also in the news, the lawsuit against Vanguard over its target date funds is moving through the courts. Know what role TDFs play in your portfolio and where they should NEVER be placed. 

Tax Penalty Changes: Segment 1

Ask Clark: Segment 2

Vanguard’s Target Date Funds: Segment 3

Ask Clark: Segment 4

Mentioned on the show:

[The Washington Post] IRS is waiving $1B in penalties. Beware of tax debt relief companies.

IRS Zaps Nearly $1 Billion in Penalties for Taxpayers - The Wall Street Journal.

Surprise Bill Coming to Those Who Underpay Taxes 

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