by Leif Jensen | Jul 12, 2023 | Rant |
I was wasting some time and had on a section of an Arnold Schwarzenegger biography. He seemingly moved to the US in 1968 and as soon as possible he was investing in small rental properties. While he lived in a small sparse unit, every dollar he could he keep...
by Leif Jensen | Jul 11, 2023 | Taxes |
Can you gift an I bond before it matures and avoid an income tax hit? No. Like most people, you’ve likely been deferring reporting for federal income tax purposes the interest that you earned on the savings bond. Gifting away EE or I bonds to someone else before those...
by Leif Jensen | Jul 10, 2023 | Rant |
As crypto currencies become more unstable, the IRS continues to increase their scrutiny. Virtual currency under the IRS continues to be treated as a stock purchase, but the basis reporting is required to be done by the individual. We have seen more holding companies...
by Leif Jensen | Jul 5, 2023 | Rant |
The IRS is addressing the increasingly popular way of paying college athletes. Guess it is never too early to start the “brand”… Since the Supreme Court ruled that college athletes can be compensated for their name, image and likeness, college boosters have started to...
by Leif Jensen | Jul 3, 2023 | Rant |
Working with a budget is a bit like trying to lose weight, both require a plan and the ability to maintain that plan in spite of the obstacles. Years ago, I kept my household to a tight budget, both my wife and I were wage slaves and cash was always tight. It seemed...
