Some recent tax-law changes have improved Health Savings Accounts (HSA’s) that have made them even more attractive to a wider range of people. We have been strong advocates for high deductible health insurance couple with HSA’s since their inception. The HSA can best be described as an IRA for medical expenses. Contributions can be deducted […]
Chupacabra, Blood Sucking Mythical Beast Found in Texas Lynn Butler, a taxidermist, says that he found the mystery creatures corpse in a chicken barn three months ago the morning after an unseen predator was heard running amuck. While its hairless, leathery body and pointed muzzle resemble a dog with severe mange, other animal experts who […]
One could discern from recent statements that it seems that the President fosters an opinion of our nation’s medical profession that is a cross between Dr. Nick Riviera from the Simpsons and the Jigsaw Killer from the Saw movies. Should we give the Commander in Chief the benefit of the doubt on this debacle? Should […]
Please allow me to introduce myself…I’m a man of wealth and taste…I’ve been around for a long, long year…Stole many a man’s soul and faith…And I was round when Jesus Christ had his moment of doubt and pain…Made damn sure that Pilate washed his hands and sealed his fate. Pleased to meet you…Hope you guess […]
There is no reason. There is no logic. How can we even be contemplating a government takeover of 1/6th of our nation’s economy when every other program they run (Social Security, Medicare, Medicaid) is going bankrupt to the tune of trillions of dollars? I have repeatedly warned anyone under the age of 50 to plan […]
After the aftermath of the past two years (Lehman, Wachovia, GM and Washington Mutual) a question and problem we have to deal with from many of our new clients coming on board is, “What do I do with stock that is worth zero?” The strategy is to claim a capital loss deduction for worthless stock […]
“It makes U.S. jobs more expensive. We’re better off taking lots of people and moving them out of the U.S.” Steve Ballmer CEO Microsoft The current administration wants to end deferral of multinational taxation. Currently the U.S. has the second highest corporate tax rate in the world, next to Japan, among industrialized nations. This creates […]
The IRS could help taxpayers reduce errors by clarifying instructions and improving the layout of Form 1040, stated a Treasury Department report released in June. The report found that more than 2.3 million of the 7 million math errors taxpayers make each year in IRS filings could have resulted from unclear or inadequate forms. An […]
I got an email from one of our listeners recently that had me in stitches. This listener took me to task for repeatedly stating that our current crop of politicians “Spend like drunken sailors.” This email stated, “You have to stop disparaging drunken sailors!” Her point was that it was completely an unfair thing to […]
The 800 pound gorilla in the room just put on some serious weight. The financial health of Social Security and Medicare has gotten much worse, with Medicare paying out more than it receives. Trustees of the program stated that Social Security will start paying out more in benefits than it collects in taxes 2016, one […]