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Stock impact report

Tax Breaks: The Financial, Internet, And Elder Fraud Prevention Edition [Forbes]

Skillz Inc. Class A (SKLZ) 
Company Research Source: Forbes
This is a published version of our weekly Forbes Tax Breaks newsletter. You can sign-up to get Tax Breaks in your inbox Elder fraud is on the rise. It's been a big summer for financial fraud. And statistics suggest that it's not going to get better—especially for seniors. Scams targeting individuals aged 60 and older—sometimes called elder fraud—caused over $3.4 billion in losses in 2023, up approximately 11% from the previous year.One of the things that I've noticed is that it can be easy to dismiss these instances of fraud as targeting easy money. But that's not the case. Increasingly, scammers don't expect to get a quick payday. Rather, they work at it, cultivating “friendships” and convincing potential victims that they need help. I've been on the receiving end of a few calls asking for advice—and reporting potential scams—this summer. You can read about . (Spoiler alert: Unlike some of the others, this one ends happily. (?) ) Speaking of fraud, the IRS has announced (?) fo Show less Read more
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