Mega Millions Tax Bill, IRS Red Flags, Is A Strong Dollar Good?

Getting an Inheritance? Here Are Four Things to Consider | What Are Your Chances of Being Audited? | Why a Strong U.S. Dollar Is Bad News for Investors Created for {EMAIL} | [Web Version]( January 10, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top story [] [Getting an Inheritance? Here Are Four Things to Consider]( [Getting an Inheritance? Here Are Four Things to Consider]( (Getty Images) If you’ve received, or anticipate receiving, some type of inheritance, here are the [top four important things financial planner Julia Pham suggests considering]( to prepare for the issues you might face. [] Tax Returns [] [What Are Your Chances of Being Audited?]( [What Are Your Chances of Being Audited?]( (Getty Images) There's no sure way to predict an IRS audit, but [these audit red flags]( could certainly increase your chances of drawing unwanted attention from the IRS. [See Your Retirement In This Award Winning Dashboard]( See what retirement might look like for you and get a feel for what our award-winning free dashboard can do. Want a more accurate assessment? [READ MORE]( ADVERTISEMENT [] Wealth Management [] [Why a Strong U.S. Dollar Is Bad News for Investors]( [Why a Strong U.S. Dollar Is Bad News for Investors]( (Getty Images) While conventional logic would suggest a rising U.S. dollar bodes well during a period of runaway U.S. inflation, it’s actually bad news for investors and for the overall health of the American economy. Financial planner Josh Sailar [explains why and what you can expect for the dollar](. [] State Tax [] [The $1.1 Billion Mega Millions Lottery Winner Will Get a Mega Tax Bill]( [The $1.1 Billion Mega Millions Lottery Winner Will Get a Mega Tax Bill]( (Getty Images) If someone wins the jackpot, the federal government will get a massive chunk of the prize from taxes. But how much? [Find out here](. [Advice From Vanguard That Puts You Back in Control]( At Vanguard, we're invested in you. Which is precisely why we've created Vanguard Personal Advisor Services®, providing remote access to financial advisors, real-time goal tracking, and more confidence you'll meet your goals. [There's never been a more perfect time to get started.]( ADVERTISEMENT [] Economy [] [December Jobs Report Beats Expectations: What the Experts Are Saying]( Ordinarily, stronger-than-expected hiring would spook the market, but slowing [wage growth caused stocks to pop](. [] Your Business [] [Need to Create a Business Tax Plan? How to Work With Your CPA]( An honest conversation can determine whether your CPA is able to meet your tax planning needs, and if so, [getting prepared yourself]( is imperative to make it possible for them to do a good job, explains CPA Bruce Wiley. [Get Matched With Vetted Financial Advisors]( With thousands of options available, SmartAsset simplified the time-consuming process of finding a financial advisor with their free, five-minute quiz. Now you can easily get matched with up to 3 vetted financial advisors serving your area. Try it out for yourself. [READ MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Since 1920, Kiplinger has earned a reputation as a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include Kiplinger’s Personal Finance magazine, The Kiplinger Letter, The Kiplinger Tax Letter, Kiplinger’s Retirement Report, and Kiplinger’s Investing for Income. All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( and [podcasts]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:mailto:alerts@kiplinger.com) | [ADVERTISE]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036