by Leif Jensen | Aug 1, 2016 | General |
Death has an immediate impact in more ways than most think. I wrote that a friend and client passed away recently. Beyond the immediate impact on his family or on me personally. I think the biggest impact was on the company he worked at. He was the sole IT...
by Leif Jensen | Jul 27, 2016 | General |
As I was discussing over lunch with a financial advisor; there are times when clients have special needs or requests. Beyond the fact that all clients have their preference on how they interact with us, or the similarities of the requests. Our wealthier...
by Leif Jensen | Jul 26, 2016 | General |
In my continuing quest to learn the answer, to the question how can I further assist my clients better, I stumbled over these statistics. They seem odd to me. Seemingly 22.7% of the profits realized in the US come from the financial services industry, I am including...
by Leif Jensen | Jul 25, 2016 | General |
Surprise the IRS and the courts are sticklers on allowing business mileage write-offs. In a recent case a taxpayer used his personal auto in his business of marketing petroleum properties. For some activities, he kept a meticulous log with the exact miles...
by Leif Jensen | Jul 20, 2016 | General |
In another case an insider trader does not get a tax write-off for the forfeiture of his profits. A former executive was convicted of insider trading and sentenced to jail. He was also forced to return the stock sale gains that were derived from his crime, the...
by Leif Jensen | Jul 19, 2016 | General |
Have you ever wondered what the purpose of Qualified Plan audits? Uncle is looking for large participant loans are a key examination issue. During an audit, the IRS checks how plans handle loans, such as the time they allow for repayment and what happens upon...
