BBB finds scams ramp up as the economy continues to falter

Scams have increased as economic troubles persist. One increasing scam targets job seekers by stealing their identities when they enter personal information on scammers' websites. Another scheme involves job seekers in wiring money that came from other scams. "Your professional con artist is hardly ever caught," said BBB's Gigi Turner. The Augusta Chronicle (Ga.) (10/16)

How to convince the IRS your business is just that

The Internal Revenue Service might try to reclassify your business as a hobby if you operate in a "fun" industry such as photography or travel writing and have lost money five years in a row, Bonnie Lee writes. To stave off reclassification, which will reduce your ability to take deductions, open a business bank account, keep up on your accounting and advertise your business, she writes. Fox Business Small Business Center (10/14)

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