by Leif Jensen | Sep 5, 2011 | General |
October 17, 2011 is the deadline to undo a Roth conversion from a Traditional IRA executed from 2010. This is a consideration if the valuation has fallen since the initial conversion. With the decline in value and the reversal of the conversion will result in tax...
by Leif Jensen | Sep 5, 2011 | General |
The new forms are creating changes in all of the IRS business tax forms. There will be separate lines added to record 1099-K’s on Schedule C, 1065, 1102 and the 1120S. For those whom have already forgotten, the 1099-K is for reporting payments to merchants from...
by Leif Jensen | Sep 5, 2011 | General |
Potentially headed to the Supreme Court is an appeal case out of Texas. The state court upheld a tax that charges a $5-a-customer fee levied on clubs that sell alcohol on the premises where live nude entertainment is the venue. The Texas court’s view that the tax is...
by Leif Jensen | Aug 31, 2011 | General |
From the WSJ: Between 2000 and 2010, minorities accounted for 98% of the population growth in large metropolitan areas. This rapid expansion has caused big shifts in racial composition: Between 1990 and 2010, the share of the white population in big metropolitan areas...
by Leif Jensen | Aug 28, 2011 | General |
As most know by this point I encourage all of my clients (and anyone else that will listen) to find their passion and start a side business. As time goes on I feel that this is getting more important than ever. As the data increasing shows companies are becoming more...
by Leif Jensen | Aug 27, 2011 | General |
As I grew up I was never included with the Baby Boomers, I was in something called the 13th Generation. But, it started in late high school to early college, which all of a sudden I was thrown in with the Boomers and was told that Sputnik, the Beatles, the Kennedy...
