by Leif Jensen | Jul 21, 2015 | General |
I have a client whom was late in filing their LLC return for a prior year. As part of our ongoing discussions I explained that there would be penalties for filing late. Below, I have included from the IRS’s website the calculations of these penalties: Late Filing of...
by Leif Jensen | Jul 20, 2015 | General |
It seems that times are definitely a changing… We are moving to the “Gig Economy”, the gig, or on-demand, economy is the new favorite business model that seems to be coming out of Silicon Valley these days. A few years ago there was a study by Intuit, in which they...
by Leif Jensen | Jul 15, 2015 | General |
Student loan debt continues to be a financial burden for more than just millennials. It seems that this problem is becoming a huge and growing problem for many aging Americans who are near or in retirement. According to the NY Fed, student loan balances among...
by Leif Jensen | Jul 14, 2015 | General |
This year, taxpayer identity theft took a maliciously clever turn and it seems that the IRS assisted them in this endeavor. The phony tax returns that were filed appeared to be very similar to the taxpayers’ previous years’ returns. So close that the standard pattern...
by Leif Jensen | Jul 13, 2015 | General |
We all know that the cost of college has been increasing significantly more that the cost of inflation. It seems that the current average cost of attending a four-year private university is now nearly $42,500 per year, triple the price tag in 1990. This is the...
by Leif Jensen | Jul 8, 2015 | General |
The rich or not-so-rich, share the common concern of running out of money in retirement. This seems to be a major concern for 57% of clients, according to results of an AICPA Personal Financial Planning Trends Survey . There are high levels of concern over adequate...
