by Leif Jensen | Dec 13, 2012 | General |
If you are a cash basis business or individual you need to make sure that you mail checks for deductible items before year-end to ensure a 2012 write-off. You will be able to claim the deduction this year even if the checks do not clear until January. If you are...
by Leif Jensen | Dec 12, 2012 | General |
Are you planning on making any cash year end gifts? If so and you making the gift by check; make sure that the donee deposits it in 2012. You want the money to count as a 2012 gift for gift tax purposes. So make it clear to whomever you are making the gift; this...
by Leif Jensen | Dec 11, 2012 | General |
With the recent huge Powerball winning balance I was talking to a client regarding the bankruptcy rate of lottery winners. She was aware of the statistics but could not understand the concept. I had to ask her out of the twenty employees in the office, who were...
by Leif Jensen | Dec 10, 2012 | General |
ABC reported last May and the rumors continue; I have just read that the “free” social media promotion of businesses is disappearing. Facebook especially since the IPO is looking for additional revenue sources. So Facebook and other sites are starting to charge to...
by Leif Jensen | Dec 10, 2012 | General |
The government is now creating a comprehensive national database on home mortgages. This is intended to assist regulators in keeping an eye on the quality and quantity of loans. It should also signal any looming system wide risks (this is going to work). Information...
by Leif Jensen | Dec 4, 2012 | General |
I have received a number of inquires regarding the personal impact of the pending “fiscal cliff.” Unfortunately there are no easy answers to these questions, but there is some help available. The Urban Institute and Brookings Institution’s jointly run Tax Policy...
