by Leif Jensen | Jan 22, 2024 | Economy |
Housing affordability is at its lowest point in almost two decades. Which my realtor clients can attest to. It has continued to worsen this year as mortgage rates have hovered above 7% since mid-Aug. Jumping to over 8% in November. Affordability is down 8% from a...
by Leif Jensen | Jan 17, 2024 | Money Management |
As the year winds down, a number of clients are suffering from cash flow drop offs. Cash is getting tighter, their clients are not spending, nor are they rushing to pay their bills. They are waiting for signs that the economy will be getting better. It may be a bit...
by Leif Jensen | Jan 10, 2024 | Investing |
As of this writing mortgage rates are over 8% for a 30-year fixed, and over 7% for a 15 year. Auto loans range from over 5% to over 14% based on credit scores. Money market rates from major banks range in the 4.3% range. So, I am thrilled that I was able to lock in a...
by Leif Jensen | Jan 8, 2024 | Rant |
Employee Retention Credit claims Taxpayers should be aware of aggressive pitches from scammers who promote large refunds related to the Employee Retention Credit (ERC). The warning follows blatant attempts by promoters to con ineligible people to claim the credit. The...
by Leif Jensen | Jan 3, 2024 | Rant |
If the IRS determines that fraud exists, fraud penalties could be applied to the additional tax accessed. The fraud penalty is an additional tax of 75% of the portion of the underpayment attributable to the fraud. Filing 941-X or 94-X will not necessarily alleviate...
