Sale of Principal Residence

This year as well as last we saw several clients who have sold their primary residence. The sale of your principal residence for a gain creates potential tax issues if over the exclusion.  Granted these are hopefully long-term capital gains, taxed at the lower 15% cap...

A brief history of the $2 bill

In 1862, the Federal Government began printing the very first paper bills which included the two-dollar bill. Paper money took a while to catch on, as coin was the preferred currency at the time. Considering that at the turn of the century most Americans were earning...

Fun Facts about the Two-Dollar Bill

Nicknamed the “Tom” because they feature Thomas Jefferson’s portrait on the face Has been linked in the past to bribery, election rigging, gambling, prostitution, and bad luck in general Used by Clemson University, Geneva Steel, and 2nd Amendment proponents Originally...

Beware of spending a $2 bill

I was reading on the internet some stories presumably true that are amusing enough to share.  They do have that awful ring of truth to them. Judging people’s characters for spending $2 bills is largely a thing of the past, but it can still be a tremendous hassle....

My favorite is irrelevant.

Apparently, the current irrelevance of the $2 bill is a product of both inflation and the denominations’ seedy reputation.  I thought it was because cash registers did not have enough drawers to accommodate them (slots for $1, $5, $10 and $20, $50 and $100’s go...

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