by Leif Jensen | Jan 5, 2015 | General |
I am working with a young client who realizes that they have been making some mistakes with their money. This is an interesting issue, especially since I am aware of those much older in exactly the same situation. As expected there is limited income, credit card debt...
by Leif Jensen | Jan 2, 2015 | General |
If your spouse passes during the year; both are considered married for the entire year and for filing status purposes. Now if the surviving spouse remarries before the end of the year, the dead spouse if forced to have a tax return filed on their behalf as “Married...
by Leif Jensen | Dec 30, 2014 | General |
A court decree of annulment holds that there was no valid marriage ever existed. Taxpayers who have secured an annulment are now considered unmarried for the entire period that the marriage purportedly existed. It makes sense that the couple initially filed tax...
by Leif Jensen | Dec 29, 2014 | General |
I recently met with a potential new client. They were a referral for an existing business client. The fact that he was a referral helped because he already knew the value that I could bring to his business. During our meeting we were hired. The gentleman come to...
by Leif Jensen | Dec 23, 2014 | General |
They are both inevitable and unfortunate facts of life; death and taxes. But planning for both really should go hand in hand. Also, I personally believe that everyone should have a plan for both regardless of current net worth. I am currently working on a few...
by Leif Jensen | Dec 22, 2014 | General |
Congress has renewed the exclusion for up to $2 million of forgiven debt on your primary residence. Next year this will or would be great news for a client of mine. He’s going through a slow divorce and their home is in foreclosure. The bank apparently has been...
