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On this episode of the Planned Solutions Financial Review Podcast we discuss, Long-term interest rates recently declined to the point where they are now lower than short-term interest rates. This is called an inverted yield curve as it differs from the normal state of the curve in which long-term interest rates are higher than short-term rates. An inverted yield curve is often used as a recession indicator as historically a recession has occurred six to twelve months after the yield curve inverts. What impact can this have on the economy? And, The IRS released its 2019 list of the “Dirty Dozen” tax scams that are most common. This year the list focuses on taxpayers who falsely claim deductions for medical expenses, charitable contributions, and business expenses that cannot be substantiated. The Earned Income Tax Credit also continues to be a problem. The IRS reiterates the penalties that taxpayers may face should they file false tax returns. What do you need to know? Also,There has been a lot of press about change in the tax withholding tables in February 2018 causing many taxpayers’ tax withholding to decrease so that they received smaller refunds or owe tax. Taxpayers who found themselves in this situation should take action now to adjust their withholding's in order to avoid a repeat of the same outcome next year. This is especially important because the IRS may be more aggressive in enforcing tax underpayment penalties for the 2019 tax year. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The IRS has issued a warning to taxpayers regarding identity theft and tax scams. What do you need to look out for? To subscribe to the written form of all the content we discuss email Katie@plannedsolutions.com