by Leif Jensen | May 12, 2010 | General |
When George Bush pushed through his tax cuts he eliminated the Estate Tax for 2010 and 2010 alone. No one ever thought it would happen but here it is. This would usually be cause for celebration. Unfortunately there is no step up in basis for the people who inherit...
by Leif Jensen | Apr 26, 2010 | General |
I have recently been shown a couple class pictures from grammar school; and I commented that it was a 100 years age. I am old enough that the kindergarten picture was still in black and white. The advent of color photography apparently happened when I was in the...
by Leif Jensen | Apr 26, 2010 | General |
I recently had a couple of conversations regarding retirement, savings and cash flow. It seems that no one currently has any cash for their bills. Let alone to save for retirement. With the current state of the economy I can only advise my clients so far on the...
by Leif Jensen | Apr 25, 2010 | General |
Effective for payments made after December 31, 2011, businesses are required to issue to all businesses with payment aggregating $600 or more in the calendar year to a single payee. This will include the phone company, the gas company, your landlord, electric company,...
by Leif Jensen | Apr 25, 2010 | General |
The IRC (Internal Revenue Code) S4375 imposes a fee on each specified health insurance policy. The fee is imposed upon the average number of lives covered on the policy. Starting fee is $2 ($1 in policy years ending during fiscal year 2013).
by Leif Jensen | Apr 25, 2010 | General |
Now as part of health care overhaul businesses have to send 1099’s to the world. How long will it take for the government to force individuals to do the same? I can see it happening on the next bill where they next increase the age to collect social security. So...
