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...
by Leif Jensen | Mar 9, 2020 | Banking |
Banks always had an unusual way of doing things. Especially growth under the control of Glass-Stegall. The Glass–Steagall Act was a 1933 law that separated investment banking from retail banking. Investment banks organized the initial sales of stocks, called...
by Leif Jensen | Mar 4, 2020 | Banking |
A venture capitalist (VC) is a private equity investor that provides capital to companies exhibiting high growth potential in exchange for an equity stake. This could be funding startup ventures or supporting small companies that wish to expand but do not have access...
by Leif Jensen | Mar 3, 2020 | General, Rant |
First Industrial Revolution, was a time of transition for new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840. The First Industrial Revolution, which ended in the middle of 19th century, was...
