The result of misused money given to homeowners during Hurricane Katrina will have an impact on how money is doled out for victims of Superstorm Sandy. The inspector general of the Department of Housing and Urban Development said $700 million in taxpayer money that was to be used by homeowners to elevate and protect their homes from future storms was either “misspent or pocketed.”
The IRS still has the authority to impose fines on nonfilers.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
The latest move by an Iowa pension group comes about a week after investment advisor Ken Fisher made lewd remarks at an industry event.
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