This Tax Code Can Give You a Huge Advantage
You might not know it, but you have a partner. He doesn’t get involved in your business or interfere with your decision-making. In fact, he couldn’t care less … as long as what you do is legal. At the end of every year, you have to answer to him — even if you’re self-employed. He…
Brandan Furnace
Would You Pay Your Taxes in Crypto?
Back in November, the mayor of my city agreed to accept his next paycheck in crypto. Mayor Francis Suarez did this as part of his plan to make Miami the most crypto-friendly city in the U.S. His tweet announcing this move caught the attention of the then mayor-elect of New York City. Mayor Eric Adams…
How to Turn Losses Into Tax Benefits
If you’re at or near retirement age, I’m sure the last few weeks have been especially worrisome for you. I’ve said it before and I’ll say it again: The markets will stabilize, perhaps sooner than we think. But I realize that may be cold comfort to some of you. The good news is there’s a…
What Crazy Taxes Do You Expect on Your Investment?
Amid the market craziness, tax filing season lurks. And with a new president in the White House, rumors are circulating about the possibility of the “financialization of our taxes.” All eyes are on capital gains … there are even proposals to tax unrealized gains! With all of the headlines about taxes right now, it got me wondering……
Which Documents Should You Save for Taxes and for How Long?
I recently read an older article from MarketWatch about a man who was forced to delay his retirement by two years due to lost tax records. And it got me thinking. Can you imagine being on the cusp of retirement and being told by the Social Security Administration: Sorry. According to our records, you do…
Avoid These Costly Tax Mistakes While There’s Still Time!
Americans of a certain age will recall a standup routine from the incomparable Steve Martin. You can be a millionaire … and never pay taxes. You can have $1 million, and never pay taxes! You say: “Steve, how can I be a millionaire and never pay taxes?” First, get a million dollars. Now … you…
Filing An Accurate Tax Return
Being an owner of a successful small business is not easy. I know this firsthand. One of my close family members has been running a small business for the past 18 years. These businesses, 30 million strong with 57 million employees in the U.S., have their own set of unique trials and stressors. However, those…
This Free Essay Could Pay for Your Next Car
Today’s essay applies to anyone who invests in stocks. Or even cryptos. It can make you hundreds — even thousands — of dollars. (I mean it.) But it’s December already. You don’t have much more time. So, let’s get right into it… It’s Time to Get Ready for 2021 2021 is nearly upon us. As…
The Little-Known Trick for Tax-Free Gains
Even with the big drop this week, some people have made a lot of money in the stock market this year. Certain small-cap technology and pharmaceutical stocks, for example, saw gains up to 2,000% from the beginning of the year to their top in mid-September. Some investors continue to hold those stocks, of course. But…
“Coffee Cancer Warning” Craziest Lawsuit of 2018
Could your next cup of coffee kill you? That’s the subject of an ongoing legal case in California. Last year, a state judge ruled in favor of a group of lawyers that’s suing 90 coffee sellers across the state, including Starbucks. The lawyers claim the businesses failed to warn customers about the risk of cancer…