The Tax Court shows it’s love …

1. A gambling session is from 00:01 or 12:01am to 24:00 or midnight

2. So keep a diary of amount you started with, all winnings during the 24 hour period, and all losses (the easy way is)… Read More

this could be the optimal time to do a carefully calculated Roth conversion.… Read More

It’s likely better not to reinvest the distributions from stocks and mutual funds. Doing so may cause additional tax and possibly increased Medicare premiums.… Read More

These people must be as tough as concrete. Or they want to prove how incredible the ER department is. And they are amazing. So as always I thought about what possible tax issues might be involved.… Read More

A wise and well healed financially, professor taught me a minor concept …. Your IRA 401k 403b 457 S E P Simple IRA were SACROSANCT storage locations for wealth accumulation.… Read More

fairly and equally. The easy way is to give the same % of each asset to each child. This is similar thinking of equality to buying a jock strap for a daughter since you got one for the son and buying bra for a son since you bought one for the daughter.… Read More

They don t share the complexities of payroll, reasonable compensation, unemployment tax federal and NC, severe penalties for late filing, additional cost of all the extra ….perhaps unnecessary filings and fees.… Read More

Personal Line of CREDIT! Instead of maintaining 6 months liquid funds for emergencies. A terrific concept from pundits but had to achieve. Perhaps having a LINE OF CREDIT would be the more cost effective way to protect your regular investments… Read More

If you are selling a highly appreciated home and have owned it and lived in it less than 2 years you generally don’t qualify for the special residence capital gain exclusion… Read More

Having recently seen a one of the episodes, it reminded me of those folks who are really good at the 4 F s.… Read More