by Leif Jensen | Jan 20, 2021 | Tax Court |
In a recent court case, it was determined that a compulsive gambler can offset winnings with unsubstantiated losses. In 2014, he spent countless hours playing slot machines in four casinos. The casinos issued 160 Forms W-2G, reporting cumulative gross winnings of...
by Leif Jensen | Jan 19, 2021 | Investing |
I was reading an article that was evaluating the validity of blog post by Ben Carlson, portfolio manager at Ritholtz Wealth Management LLC, where he stated, “investing when things look bleak remains a profitable strategy.” At first blush this seems counterintuitive. ...
by Leif Jensen | Jan 13, 2021 | General |
The emergency fund is one of the basics of long-term financial planning, but as an accountant when I touch base with my clients and ask them about the status of their financial wellbeing, I find that the verdict is split, some don’t really have one. Granted this is...
by Leif Jensen | Jan 12, 2021 | Advertising |
I was listening to a webinar, and they were talking to Bombas, who manufacture socks. Their pitch is, you buy a pair of socks and they give a pair to charity, so in essence you are doubling up on your costs. Since socks are a commodity, the creators were discussing...
by Leif Jensen | Jan 11, 2021 | Advertising |
I was having a difficult time with my bank. They were giving me the run around on a couple of issues and taking their time in getting back to me if they eventually did so. Then a Branch Manager from a bank I have no relationship came in from nowhere. He was talking...
