Entries by Kristen

Are you prepared financially for retirement?

Recent surveys suggest that about 44 percent of American workers who are saving in a workplace retirement plan feel confident they will retire comfortably. However, generation by generation, the numbers show that many individuals are way behind when it comes to reaching their savings goals. A new survey from Natixis Investment Managers finds that 44 […]

Tax Scams Continue!

During this period when annual income tax returns are being prepared, there are a number of cons and scams that everyone should be aware of. Taxpayers, businesses and tax pros need to be alert for a continuing “tricky and clever” surge of fake emails, text messages, websites and social media attempts to steal personal information. Watch […]

How does Amazon get away without paying taxes?

Amazon is a company with more than $232 billion in revenue and led by the world’s richest man Jeff Bezos and the company does not pay any tax taxes. That annoyance boiled over in New York earlier in February when Amazon, which had been offered as much as $3 billion in tax incentives to build a […]

Positive income tax news for owners of Real Estate

Recently announced by IRS The new tax law now being dealt with in preparation of 2018 tax returns, had several items that needed clarification by the IRS. On January 19, 2019 the final regulations were released. Among a host of other clarifications and interpretations, the regulations gave a much-welcomed surprise to the owners of rental […]

The 1040 Gets A New Look

The Internal Revenue Service has released the redesigned Form 1040, along with six related tax schedules, for next tax season after changes under the Tax Cuts and Jobs Act promised to simplify the tax preparation process. The Republicans promised a postcard size form and the form, although bigger than a postcard, is shorter, but very deceiving. […]

The Most Talked About Provision of the TCJA

For business owners or individuals who have investments in businesses, the most talked about provision of the new tax law is IRC Section 199 (a) Since the new law gives C corporations a flat rate of 21%, Congress felt the need to give a tax break to other businesses that are commonly known as “pass […]

Breaking news on cryptocurrency

The introduction of a cryptocurrency ETF (Exchange Traded fund) could catalyze an influx of institutional capital and open a new channel for investment in the sector. On June 26, 2018, the SEC received an application from Cboe Futures Exchange to launch the world’s first Bitcoin ETF One of the first to launch Bitcoin futures, CBOE […]