by Leif Jensen | Mar 8, 2022 | Running a Business |
Beyond forcing outside companies partnering and sharing design plans with the government. China will have to invest more in productivity enhancements like basic scientific research. Traditionally, Beijing has been loath to spend money on R&D that doesn’t promise...
by Leif Jensen | Mar 7, 2022 | Rant |
As the US continues to issue debt obligations (why live within our means), China continues to pony up to collect our debts and thus hold our future in their hands. We can look for China to continue to buy a hefty portion of America’s Treasuries. Beijing holds about...
by Leif Jensen | Mar 2, 2022 | Taxes |
Sometime ago the cost of an MBA could be deducted, as illustrated here. A man worked as an investment analyst and owned technology ventures. He left his job to get an MBA degree and deducted the cost on Schedule A as an unreimbursed employee business expense subject...
by Leif Jensen | Mar 1, 2022 | Taxes |
IRS is disbursed its last monthly child credit payment for 2021 on Dec. 15. Taxpayers who file a federal return next year will use Schedule 8812 to reconcile their 2021 advance payments with the child credit they are entitled to. For most, the credit will exceed the...
by Leif Jensen | Feb 28, 2022 | Taxes |
There are some LLC and LP members who don’t pay SECA taxes that are now on the IRS’s radar. The IRS has an ongoing audit campaign on when limited partners and LLC members owe self-employment tax on their distributive share of the firm’s income. In 2017, the Tax Court...
