by Leif Jensen | Oct 22, 2014 | General |
In a recent case involving a long series of losses did not trigger the hobby loss disallowance rules. The case of an artist had losses in 18 out of 20 years. Although she was a full-time art professor, while she spent a lot of time on her art career, creating 2,000...
by Leif Jensen | Oct 21, 2014 | General |
There has been a long-honored (?) concept among personal finance gurus: The money you spend on small purchases, say, a latte every day or so, could be redirected towards huge savings on a compounded basis. You are encouraged to look at the hundreds of thousands of...
by Leif Jensen | Oct 20, 2014 | General |
Firms still need to worry about getting caught by the 40% excise tax on “Cadillac” health care plans. While the penalties doe not kick in until 2018, there are potential risks to having to make huge last-minute cuts. The threshold for the tax is not all that high...
by Leif Jensen | Oct 15, 2014 | General |
I was inquiring about a practice for sale and I was told that I did not fit the profile. The profile required that my office be no farther than 15 minutes from the seller’s office… Now this is the Greater Chicago area, last Saturday I was able to hit the Circle...
by Leif Jensen | Jul 10, 2014 | General |
It looks like the economy may be getting better. I just received what I call a “Boiler Room” call. This is where an unlicensed guy calls up looking for prospects for the licensed rep that he works under. Once he hits his sales number he will be allowed to take the...
by Leif Jensen | Jul 9, 2014 | General |
A recent court case shows having some mileage records did not help another filer get a write-off. The details of the mileage log in question, show that the individual worked as a sales representative for a cable company and used his personal truck to drive to...
