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BBB Release: Protect PFD Funds From Foes

Permanent Fund Dividend Tips from BBB

Anchorage, Alaska – Oct. 5, 2010 – What to do with $1,281? Advertisements are touting plenty of suggestions. The first batch of Alaska 2010 Permanent Fund Dividends will be direct deposited and mailed Oct. 7, according to the Department of Revenue. Better Business Bureau reminds consumers to protect their PFD from schemes.

"Both Alaskan consumers and businesses get excited about PFDs," said Robert W.G. Andrew, CEO of BBB serving Alaska, Oregon and Western Washington. "Remember to shop smart and research opportunities because cons also watch headlines and may send extra solicitations for investments, donations or purchases during PFD time."

BBB is here to help with a few tips for consumers, whether they plan to use their PFD to pay bills, invest, save or fund purchases:

Don’t Forget Taxes. Set aside some funds for federal income tax purposes, as dividends for both adults and children are taxable. Visit www.irs.gov for more information.

Shop Wisely: The words “PFD Sale” don't guarantee the best bargain. Make sure to still shop around and compare. Read ads and coupons; conditions, timeframes and restrictions must be listed. If an offer is misrepresented, see the store manager. When making an expensive purchase get everything in writing, including payment details, warranty information, plus return and exchange policies.

Start with Trust: Before buying or giving, visit www.bbb.org to research businesses and charities for free. Utilize BBB Reliability Reports on businesses to make informed buying decisions. And get the facts on charities with BBB Charity Review Reports.

For more Permanent Fund Dividend information, visit www.pfd.alaska.gov.

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About your BBB serving Alaska, Oregon and Western Washington: Better Business Bureau is a neutral not-for-profit organization with the mission to advance marketplace trust. BBB is supported by BBB Accredited Businesses and provides ethical business standards, BBB Reliability Reports, Charity Review Reports, complaint handling, marketplace events and tips. For more information, contact BBB or visit www.bbb.org.

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