Archive for the
‘Taxation’ Category

The Long Reach of the IRS

May 02, 2018

Bob Veres

Money, Tax, Taxation

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The Long Reach of the IRS You probably don’t spend a lot of time feeling sorry for a U.S. citizen named Meghan Markle, who is about to tie the proverbial knot with Prince Harry of England. But an article in the Wall Street Journal notes that Ms. Markle, and other American citizens who marry foreigners, […]

What the Tax Bill Means to You

Dec 19, 2017

Bob Veres

News, Tax, Taxation

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What the Tax Bill Means to You The new tax law hasn’t been formally ratified by the U.S. House and Senate, but all indications are that the Tax Cuts and Jobs Act of 2017 will be sent to the President’s desk in the next few days. As you probably know, the House and Senate versions […]

Senate Tax Bill

Dec 08, 2017

Bob Veres

Tax, Taxation

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Senate Tax Bill The U.S. House of Representatives passed its proposed tax “reform” bill last month, and now the Senate has followed suit. Interestingly, the two bills are different enough that the two sides are going to have to meet and hammer out a compromise. Here’s a quick glance at the provisions in the Senate […]

The New Tax Legislation

Nov 10, 2017

Bob Veres

Tax, Taxation

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The New Tax Legislation Chances are, you’ve heard that tax “reform” is right around the corner—that is, if you can call it “reform” when hundreds or perhaps thousands of new pages are about to be added to the tax code. First, the White House released its tax legislation wish list. Now the Republicans in the […]

Tax Rules When Selling Your Home

Oct 10, 2016

phil

Estate, Estate Planning, Tax, Taxation

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Tax Rules When Selling Your Home – How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of these new rules. HOME SALE If you owned and lived in your home […]

Taxes Up (but not so much as you might think…)

Oct 04, 2016

phil

Market Commentary, News, Taxation

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Taxes Up (but not so much as you might think…) If you think taxes are higher than their historical rates, well, it depends on how far back in history you’re comparing them to.  Take a look at the accompanying chart, which shows tax revenue as a percent of total national income for four countries—France, Sweden, […]

The ‘Other’ Cost of Taxes

Aug 17, 2016

phil

Market Commentary, Taxation

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Chances are, you know how much you pay in taxes. But how much are taxes costing you in time and preparation fees? According to a Tax Foundation report, using statistics from the Office of Information and Regulatory Affairs and the Bureau of Labor Statistics, tax compliance will cost the U.S. economy $409 billion this year. […]

The ‘Other’ Cost of Taxes

Jun 27, 2016

phil

Lifestyle, Taxation

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Chances are, you know how much you pay in taxes.  But how much are taxes costing you in time and preparation fees? According to a Tax Foundation report, using statistics from the Office of Information and Regulatory Affairs and the Bureau of Labor Statistics, tax compliance will cost the U.S. economy $409 billion this year.  […]

Transferring Assets to a 529 Plan

Jun 27, 2016

phil

College Planning, Investing Insight, Lifestyle, Taxation

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By now most Americans who are saving and investing to pay for college costs have probably heard that so-called 529 college savings plans allow tax-free distributions for qualified education expenses, potentially making them even more attractive and effective than in the past, when they were only tax deferred. Add that tax benefit to other benefits […]

Beware the bogus IRS

Mar 17, 2016

phil

Market Commentary, News, Taxation

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Most people have seen bogus emails purported to be from the executors of the estate of Nigerian princes or other obscure foreign notables who want to give them millions of dollars, and sometimes they get bogus calls telling them they can win a lottery sweepstakes or receive debt relief. But apparently one of the most […]

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