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(#237) Establishing Reasonable Cause
Valid Reasons for FTB Penalty Abatement As appearing at Spidell's California Minute on 10/9/16 You've been assessed a penalty for the late filing of your return or payment of tax . . . what are your options? One is to claim that you had "reasonable cause" for the infraction. Although it is an option, [...]
(#236) The Greatest Stock Market vs Base Money Divergence on Record
The Stock Market is Exactly Mirroring Base Money As posted to the GoldSilver You Tube Channel on 7/21/16 https://youtu.be/U1RlJuJ9hAw What's behind the recent market rally? In this video, Mike shows you how the market is being pumped up to record highs, (Hint: it's not individual investors doing the buying) and the telltale sign a [...]
(#235) IRS Issues Tangible Property Capitalization Audit Guide
A tool for IRS auditors to identify potential tax issues As posted to the IRS website on 9/14/16 Overview On September 14, 2016, the IRS issued an Audit Techniques Guide (ATG) on the Capitalization of Tangible Property. The ATG is a tool to assist IRS examiners in identifying potential tax issues. Examiners are advised [...]
(#234) The Business Cycle in 5 Minutes
An explanation of the current state of the economy As appearing on the libertyordeath TV's YouTube Channel Business cycle theory is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit, due to artificially low [...]
(#233) Vehicle Recall Search Tool
Search Vehicle Recalls by Vehicle Identification Number (VIN) The National Highway Traffic Safety Association (NHTSA) now provides a tool to search active vehicle recalls by VIN. To use this tool, visit www.safercar.gov. Besides the VIN search tool, NHTSA offers additional safety information based on a vehicle's make, model, and model year and not tied [...]
(#232) Brexit: The Movie
British Documentary Outlines the Pro-Brexit Position As posted to the "Brexit: The Movie" You Tube Channel on May 12, 2016 Trailer (1 minute) https://youtu.be/39-or7YDgz4 Full Documentary (1 hour, 11 minutes) https://youtu.be/UTMxfAkxfQ0 Brexit: The Movie is a feature-length documentary film to inspire as many people as possible to vote to LEAVE the EU in the [...]
(#231) “Everyone Should be Concerned”
Jim Rogers Talks to RT about Brexit As appearing on RT on 6/24/16 https://www.youtube.com/watch?v=mAL80hylj08 Jim Rogers, financial guru and investor, talks to RT about the impact of Brexit. "We should all be worried" because the Brexit vote could be the trigger for "dominoes to start falling", boosting world economic recession, causing troubles for businesses [...]
(#230) Need to Maintain a Mileage Log? There’s an App for That!
Mile IQ: Automatic Mileage Tracking As posted to the Mile IQ You Tube Channel on 12/19/14 https://www.youtube.com/watch?v=kBnw6a4Jcyw Opportunity You use your car for business and are entitled to a $0.54/mile (for 2016) tax deduction for each and every mile you drive. Problem To accurately calculate, record and support your deduction, the IRS requires that [...]
(#229) The Case for Gold as the Fed “Tightens into Recession”
Jim Rickards Explains As appearing on RT's "Boom Bust" on 4/14/16 https://youtu.be/CwjS4Ytb1iM?t=2m37s Note: Jim Rickards segment ends at time marker 10:40. James G. Rickards is an American lawyer. He is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published [...]
(#228) Puerto Rico Governor Uses Emergency Dictatorial Powers
Bank Withdrawals Limited As posted to www.washingtonpost.com on 4/9/16. SAN JUAN, Puerto Rico — Gov. Alejandro García Padilla announced Saturday that he has declared a state of emergency at the Government Development Bank, a moved aimed at ensuring that Puerto Ricans continue to receive essential government services. The governor said he issued an executive order Friday [...]
(#227) Dow Jones Just Had the Best Month of Returns in It’s History
How is This Possible? Chris Martenson Explains. As posted on the Peak Prosperity You Tube Channel on 3/19/16\ https://www.youtube.com/watch?v=5cGf0Kov8wc How do you explain this? Well, you can’t do it on the basis of fundamentals. You can’t do it on the basis of things like corporate earnings, revenues, or some dramatic shift in the world [...]
(#226) The Biggest Scam in the History of Mankind
The United States Monetary System Explained As posted on the Mike Maloney You Tube Channel on 10/15/13\ https://youtu.be/iFDe5kUUyT0 Who owns the Federal Reserve? You are about to learn one of the biggest secrets in the history of the world . . . it's a secret that has huge effects for everyone who lives on [...]
Disclaimer
This blog is designed to provide competent and reliable information regarding the subject matter covered. However, it is being provided with the understanding that the blogmaster is not engaged in rendering investment advice. Laws and practices often vary from state to state and if investment assistance is required, the services of a licensed investment professional should be sought. The blogmaster resolutely encourages the reader/viewer to do their own research and due diligence before acting on any information contained herein. As such, Roger Rossmeisl specifically disclaims any liability that is incurred from the use or application of the contents of this blog. It should also be noted that the views contained in this blog are not necessarily representative of the opinions/beliefs of the other owners, management and/or employees of Kho & Patel CPAs.
