by Leif Jensen | Mar 18, 2020 | Running a Business |
New research proves that conducting a meeting while walking has clear health benefits for the participants, but it turns out it benefits the meeting, too. The research from the University of Hong Kong shows that walking side by side helps people connect to each other....
by Leif Jensen | Mar 17, 2020 | Uncategorized |
I was curious of the historic tax rates for the wealthy, or at least the highest levels of taxation. Some of the rate jumps seems arbitrary, others are simply explained by WWI and WWII. But the jumps before our entry seem to be harbingers of our path. 1913...
by Leif Jensen | Mar 16, 2020 | Investing, Money Management |
Surprise, the IRS is intensely interested in filers who transact in virtual currencies. They are requiring more disclosure. Starting with returns filed this year, people must answer on Schedule 1 of the 1040 whether they’ve received, disposed of, sold, exchanged or...
by Leif Jensen | Mar 11, 2020 | Tax Court, Taxes |
Distributing bequests to beneficiaries before paying IRS costs an executor, according to a court ruling. The executor of a big estate knew additional estate taxes would be due after IRS audited the Form 706. He signed an agreement with IRS consenting to have the...
by Leif Jensen | Mar 10, 2020 | Tax Court, Taxes |
Ownership by tenancies by the entirety cannot be used as a defense to defeat IRS tax liens, an appeals court confirms, even when only one spouse owes the taxes. This precedent was set by the Supreme Court in a 2002 ruling. In the current case, only the husband owed...
