by Leif Jensen | Sep 5, 2011 | General |
Does it seem harder and harder to cover those monthly bills? Are you still looking at ways to reduce spending in spite of cutting out most excess spending a couple of years ago? You are not alone. In my analysis of clients and their budgets things are getting a bit...
by Leif Jensen | Sep 5, 2011 | General |
If you are considering a Roth conversion from a Traditional IRA for 2011, a strategy that has been employed in the past by financial advisors is to have multiple Roth’s. Each Roth will be a separate asset class. This way if there is a decrease in valuation the...
by Leif Jensen | Sep 5, 2011 | General |
October 17, 2011 is the deadline to undo a Roth conversion from a Traditional IRA executed from 2010. This is a consideration if the valuation has fallen since the initial conversion. With the decline in value and the reversal of the conversion will result in tax...
by Leif Jensen | Sep 5, 2011 | General |
The new forms are creating changes in all of the IRS business tax forms. There will be separate lines added to record 1099-K’s on Schedule C, 1065, 1102 and the 1120S. For those whom have already forgotten, the 1099-K is for reporting payments to merchants from...
by Leif Jensen | Sep 5, 2011 | General |
Potentially headed to the Supreme Court is an appeal case out of Texas. The state court upheld a tax that charges a $5-a-customer fee levied on clubs that sell alcohol on the premises where live nude entertainment is the venue. The Texas court’s view that the tax is...
