BONDS ON THE RISE
Inflation hasn't reared its ugly head of late, but the Treasury wants investors to be ready if it returns. Last week the government introduced a new class of affordable, inflation-indexed savings bonds to protect investors even if the cost of living is ballooning. Interest on the bonds, which debut Sept. 1 in denominations ranging from $50 to $10,000, will be tax deferred until cashed in and may be tax exempt if used to help fund college or other higher learning.
FIGHT BACK AGAINST THE IRS
Now that Congress has passed an IRS-reform bill, a few million taxpayers...