hi there i'm contessa brewer in for becky quick. last minute tax tips to save you money. new warning and worry. the scam that could expose your financial information. social media on the hot seat in washington will regulation be next? and is congress really understanding how it all works the big business of legal marijuana. will the federal government spoil the party and send the profits up in smoke? and mind the gap, how two of the best tennis players in the world are trying to level the playing

field for equal pay. "on the money" starts right now. >> this is "on the money." your money, your life. >> the deadline to file is this tuesday, april 17th. and cyber criminals for months and a new way to access your personal data. it's this week's cover story >> here, we have an individual who is looking for tax ids >> this is a dark web where cyber criminals look to buy and sell loads of stolen data. >> individual selling tax ids. >> one of the hottest tickets. your tax pro's id number and cyber security firm, roman >> the vector of the tax >> the id numbers are a virtual crime kit for thieves where they can file fake returns by the thousands. >> how easy is it for the criminals to get this information? >> it's quite easy >> using that trusted phone number could make the return

seem legit to the irs. that, according to ibm security's caleb barlow. >> it's a signature of the computer we've seen before we know that's a tax professional, so they're going to be submitting lots of returns. >> they've been watching closely as these new attacks unfold. >> this is a $445 billion annual industry of organized crime and tax fraud, one of the primary areas they focus. >> how do they steal pro ids in the first place? usually by sending malicious e-mail links and attachments that someone clicks on by mistake. >> once we've clicked on it, the thief is inside. >> larry gray is a cpa and with the national association of tax pros or natp >> it's like breaking into the bank it's a gold mine >> with new tax laws in place, his fellow cpas are searching for info and could be more likely to open an attachment what does that spell for tax season 2018?

>> i think it's going to be some chaos. >> the tax pro >> they may have absolutely no idea that their computer has been compromised >> the irs now warning accountants. >> we had about 75 tax professionals report that they had been victims that, unfortunately, is a 60% increase for the same period of time last year >> experts say the best tip for pros is to educate everyone in the firm to never, ever open an attachment they didn't request and for the rest of us, u.s. taxpayers only use someone you trust. remember, ask them how they store and protect your data. for "on the money," i'm andrea day. >> identity theft is the top tax day fear according to a recent wallet hub survey. and if you haven't filed yet, timing running out but never fear sharon epperson is here with

last minute tax tips these are really last minute because you have a couple of days but one, you can file for an extension, correct? >> you can you can definitely file for extension. the good news is that a lot of people are worried about everything that's happened with the new tax law changes. you don't have to worry about that because most of those changes are not going to affect you for the 2017 return, not until the 2018 return and then we get two extra days and you don't have to finish by the weekend. you should, but you can wait up to midnight on april 17th and get your taxes done. >> i like starting off with the good news. for those who want to rush to file before tuesday, are there mistakes that can be made because you're in a rush >> there are a lot of mistakes people make, but usually they're also mistakes like if you've got recently divorced or someone passed away and you're widowed, you may have changed your name and make sure it's the right name or social security number and the right filing status. that's another big mistake people often make. >> what are some of the most common tax questions when you are out and about?

>> people recently married know, should we file married jointly or separately? and know usually that filing jointly will give you a lower tax rate and tax liability but sometimes you need to do it both ways to double check and another big question is who is a dependent? does my boyfriend count as a dependent if i've supported him financially? if you've supported someone financially, your boyfriend, girlfriend, child, a relative, that person could be a dependent on your tax return and the other big one is why is my refund different than last year and why is it smaller maybe? that has to do with withholding or exemptions or credits or a bunch of different reasons look and see why. >> if you don't have a refund coming, going to owe the irs, do you have to pay the whole thing right away what do you do if you don't have the money? >> we talked about the extension. you can't prepare on time, you can file for an extension. you can file a form to do that

but that's not an extension to pay your taxes if you owe money, pay it a couple of ways, try to negotiate with the irs and work out a payment plan maybe 120 days or less, there's no fee to set that up but every moment you way, you're incurring penalty and interest that's something to keep in mind if it's a big amount of money to owe, you can't pay it in 120 days, set up an installment plan but there's a cost to do that and i never like people to rack up credit card debt but you've got to pay first at some point with the credit card but realize there's a convenience fee to do that about 2%. >> is the interest fee on that tax deductible for next year >> no. >> but tax preparer's fee are tax deductible >> this year but those miscellaneous itemized deductions are going to go away for next tax season. but we'll talk about that next time we can take advantage right now. >> thank you so much, sharon here's a look at what's making news into a new week "on the money. closely watched consumer price index is showing hints of

inflation once again and the cpi actually fell because of a rare drop in gasoline prices but excluding food and energy. it rose 0.20%. housing, medical care and food climbed. it's a gauge of inflation and there's an inflation target of about 2% it was a week of triple digit moves for the dow. by early friday, three days were up and one was down generally following the political news of the day. the nasdaq and s&p 500 following along for good measure stocks closed lower though on friday espn has launched the first stand alone streaming service. espn plus cost $499 a month but doesn't have all the live sports or shows on tv it does include news, scores, highlights and access to baseball, soccer and nhl games up next, we're "on the money." after two days of testimony by facebook ceo on capitol hill, will anything change should you worry about privacy on social media?

and should there be laws to protect users? later, the big business of pot how marijuana moguls run a business that's still illegal under federal law and now a look at how the stock market ended the week this week, last minute tax

>> if you messaged anybody this week, would you share with us the names of the people you messaged >> senator i would probably not choose to do that publicly here. mark zuckerberg was grilled

on capitol hill this week. the question is whether private companies can or will protect your personal information or whether the government needs to intervene? joining us now is robert from abc's "shark tank" and ceo of herbovig group that was an uncomfortable exchange to listen to when senator durbin is clearly making a point that zuckerberg doesn't want to share that personal information, and yet, we as users of facebook, are sharing that information all the time. is it time for the federal government to step in and protect users data >> facebook, you are the product. and the more they know about you, the more they can sell that data and if they want to protect us, they've got to put constraints around it and the idea of a private company doing that, when we've given them that

permission, it's just not going to happen. >> in years past, mark zuckerberg said he's willing to protect the users on facebook. that there would be some, basically, self-regulation now, he's saying he would be open to more regulation from the government should the united states adopt the model similar to what europe has where privacy is, has to be strictly regulated and you have to specifically opt in to share information rather than opt out? >> i think that facebook actually does a pretty good job of protecting your data around criminality or child porn or general porn, stuff like that. i think they do a pretty good job where the rules are very clear to them. the one is gdpr and mark is a

smart guy. it's inevitable, it's going to happen the government will put a data/privacy law around our personal information i'm not a big government guy, but this is one area where the government can really help us and i think it's past time the united states is the largest free democracy that does not have the right to privacy. the uk does. canada does. australia does we don't in the states. >> do you think we just accept that as consumers, like, hey, they're going to track which web sites i visit and which dresses i check and see those ads on the facebook feed? >> i think we're a little naive in america about our privacy i think we're very prone to going online and very media savvy, very socially conscious but consumers don't really care about security they want someone else to

protect them they care, and we care about our privacy, but i think the expectation here is that a third party is going to protect us and we've been thinking corporations are, and they're just not. >> why do you think it's taken so long for the government to get interested in this realm >> well, as much as we love being online, we're very conscious about government intervention nobody wants to be the george orwell, "1984" controller so i think it hasn't been the right time but i think for me what was really interesting about mark's testimony was his willingness to accept government regulation he's a very smart guy. he knows it's inevitable and i think he's getting ahead of that curve, so i think popular opinion has shifted and people accept the certain amount of control and it's going to happen i think the other interesting thing is for large enterprises and big companies, this is a wake-up call if you're holding consumer data and you don't have protection around it and you're not using firms like ours to protect your information or your cyber security, you're going to get your hand slapped and a lot of

trouble. >> in the meantime, if more regulation is coming down the pike, facebook says, we're a tech company, not a media company even though they're creating content should it be regulated as a media company? >> no, it shouldn't be regulated as a media company i think the fundamental shift is a media company has properties to sell. facebook sells you you are the product of facebook and i think people are only now waking up to the realization >> now the question is are facebook users comfortable being the product? thank you for weighing in. we appreciate it up next, "on the money." more safe move to legalize marijuana. it's illegal under federal law but will the smoke clear on the cloudy regulation any time soon? serena williams back on the court. she has a new perspective on

parental leave and a different battle she wants to win.

earlier this year, recreational marijuana became legal in the most populous state in the country california it joins eight other states in washington, dc and yet, it is still illegal to grow or sell law under federal law. so how are businesses dealing with this confusing regulation joining us now is troy dayton, ceo of the cannabis investment market research firm great to talk to you today. >> thank you for having me. >> i recently met a marijuana mogul who travels with six

figures or more in cash because he is not allowed to deposit that money that he makes on a legitimate business in a state where recreational marijuana is legal. he can't deposit it in a bank. you work with a lot of these companies. how do businesses manage in this environment? >> moving cash around is expensive. it can be dangerous and it's not in the public's best interest. that being said, there are quite a few banks that are doing business with cannabis businesses and oftentimes, it's short-lived. they have to move from bank to bank and also, the banks that are working with them in charge a lot of money to work with them because of all the extra

liability. so it really highlights the need to change the law so that banks can be, you know, that cannabis businesses can be treated like any other business. >> we recently learned john boehner joined the board of directors of acreage holdings at the cannabis investment company and said his views on marijuana have changed. >> it's time for the federal government to take another look at this. and i think scheduling this drug, allowing for the research would be helpful to the american people. >> boehner was known for taking a hard line against marijuana. do you think other hard liners in the federal government are ready to change and adopt what seems to be a growing trend nationwide >> absolutely. look medical cannabis has about 90% public support and adult legalization has 64% public support and so what you're seeing now is people from both

sides of the aisle coming out and standing up for what they believe is right and are able to evolve on their position i wish john boehner had an evolution when he was in office and could have done something about it, but even coming out now, i mean, this is a bold thing. he's actually on the board of a company that is violating federal law. that is a bold thing and you also had just in the last few days, senator mitch mcconnell introduced a hemp legalization bill and you also have republican senator warren hatch attacking jeff sessions over medical cannabis stuff. so there's really been a seat change it seems like cannabis is one of the few things that is bringing americans together these days. >> troy, as you know, tax day is tuesday. one of the weird contradictions here is that the federal government doesn't recognize marijuana sale and growth as legal and yet, it expects marijuana businessmen in these states where it is legal to pay federal taxes on their income. states are benefitting from this as well where they legalize.

how much of an impact are they getting to the bottom line >> i mean, the tax money here is remarkable in colorado, it's now surpassed the taxes from alcohol and so, we're talking about in north america, this is about a $10 billion market growing to over $24 billion market by 2021 that's a 27% compound annual growth rate. this is an industry that's creating jobs. creating tax dollars it's reducing the cost of law enforcement efforts, and all for a product that's safer than alcohol. >> thank you so much for your time, troy appreciate it. >> thanks for having me. up next, "on the money." a look at the news for the week ahead. plus, venus and serena williams want to win off the tennis court and it's no game they're playing this time. >> i think there's a lot happening. there's a lot more that needs to happen

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fact check this ad in good housekeeping. olay regenerist. ageless. here are the stories coming up that could affect your money this week. on monday, we'll see how the consumer is doing when the closely watched retail sales number comes out for march tuesday, housing starts for march and the deadline to file your taxes for 2017. on wednesday, the fed's beige book released and the report on the economic conditions in

different regions of the country. thursday, we'll get a read on the economy with the leading economic indicators. and that also marks the day in 1982 that nasa named sally ride its first woman astronaut. venus and serena williams are among the richest athletes in the world but the tennis super star sisters focused on closing the pay gap and the professional athletes i sat down with the williams sisters to learn how you're leveling the financial playing field on and off the court venus and serena have been volleying for the top spot for decades. serena is 51st on forbes list of all athletes and venus who pushed wimbledon for pay parity and fifth among women but doesn't crack the top 400. >> venus, can you give me some perspective about what you think needs to happen to make sure that women and men are paid fairly

>> there's a lot happening a lot that needs to happen we have equal pay but around the world, still discrepancies >> most tournaments, not all, are equal pay but then there's off the court. from indoors to other stuff and then that's just to be more equal. and so, there's a long way to go, but i just feel like we're getting there and, you know, like venus said, need other females supporting it and need men advocating for it as well. >> sisters faced off for practice in madison square garden, for a knockout format that pits 8 top players against each other the practice is important for

serena who gave birth to daughter alexis in september and it's given her a new perspective on parental leave. >> i hear some friends say, yeah, i got four weeks off couldn't have gone back to work in any job in four weeks >> serena is juggling her career and family responsibilities. mindful of the struggles of other women. >> we have to remember, we're fighting for the bigger picture. we might not get it today but we want the future to be better for maybe my daughter or her daughter and so that's what we really are fighting for. >> both venus and serena said a support system of people who really believe in them and their value has been key to their success. that's the show for today. i'm contessa brewer. thank you so much for joining us becky will be back next week with a father and daughter team with a plan to help your family save and invest. each week, keep it right here. we are "on the money." have a great one we'll see you next weekend but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪

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hey there, we're live at the nasdaq markets on friday the 13th the guys getting behind me, and while they're doing that, here's what's coming up on the show >> flying a 747 is the in thing. we want to know why. >> because it's a cool-looking jet. ♪ come fly with me. >> but after a toured run, boeing shares are hitting turbulence and it could spell trouble for one group of stocks. we'll tell you how to profit plus talk about a bank job >> you put as many hundreds, 50s and 20s as you can pack into it. >> that's how bank investors felt today the result could spell trouble for one stock next week. we'll explain. and -- >> it's happening. >> you bet it is, because netflix are set to report earnings on monday