Apr
22
Shareholder Meetings: Proxy Vote
April 22, 2009 | Comments Off
As if it I needed to say it, yes, we should all vote on Shareholder Meetings of those companies that we own. Just as important, or even more important than voting for our country’s President. There we decide our future – or at least our retirement stability future — as well as the [...]
Apr
15
Product Review: NeatReceipts
April 15, 2009 | 2 Comments
For years I doubted a product sold at Airport kiosks was worth my money. I have been proved wrong twice. Once with Rosetta Stone, and twice with NeatReceipts. It is just that I didn’t acquired either at the airport (the former can be bought used and the later can be bought ‘refurbished‘ for $99 vs [...]
Apr
13
Ponzi Schemes by our Government (SS)
April 13, 2009 | Comments Off
Late in 2008, some people discussed the differences and similitudes between the Ponzi Schemes and the Social Security Administration. You can read one of the most respectables ones on Business Week. According to the weekly: “Ultimately our ability to make good on the “Ponzi-like” nature of Social Security depends on the continued march of technological [...]
Jun
24
IRS Miles Finally Starting to Catch Up – 58.5 cents
June 24, 2008 | 1 Comment
It seems that the IRS finally recognized that gas is having a major impact on business finances. The mileage deduction was increased to 58.5 cents per mile.
This is also a ver interesting reminder of what costs to drive. The mileage deduction is not a gift from Uncle Sam, it is a reality check. Between vehicle [...]
Mar
3
Real Estate Tax: Won Battle #1 : This is not finished
March 3, 2008 | 2 Comments
Last month we had to abate (appeal) the Real Estate Tax Assessment the town had placed upon one of our rental properties. We got $25,000 shaved off the assessed value. We still think the town is over-assessing the property by $25,000. At a 1.2% rate, we are talking about $300 we will [...]
Feb
13
The Sneaky Real Estate Tax
February 13, 2008 | 2 Comments
Towns need cash too. They need cash for schools, roads, public services, and social services. They are pressed by two fronts: the socialists: who demand more giveaways by the town to its residents, and inflation: which increases the cost of providing the services for everyone. All that is fine when the house [...]
Feb
7
LLC Partnership Taxes: 1065 and K-1
February 7, 2008 | 1 Comment
A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings [...]
Apr
9
First Work Year – Once In a Lifetime Opportunity
April 9, 2007 | 1 Comment
Many people start their careers a few months after graduation (be it from school or college). Most people complete their degrees in summer, and that makes them very prone to earning half a year worth of salary on the very first year they work. It is not that bad, as they happen to [...]
Apr
9
Got an Audit from the IRS
April 9, 2007 | 4 Comments
And I must say, it is not as painful as it sounds. They did sent a letter requesting more than $28,000 in taxes, interests, and penalties, calculated in a very liberal way. It almost killed my wife out of a heart attack. I took it calmer, even when I didn’t have the [...]
Mar
26
Alternative Minimum Tax Issue
March 26, 2007 | 1 Comment
The middle class families are now complaining about the Alternative Minimum Tax. They are complaining that soon, even families earning $75,000/year will be hit by it. I do complaint about the unfair tax, and I consider myself middle class. However, I have to say this is a case where the middle class [...]
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