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Men Are More Vulnerable to the Coronavirus
As posted to the Peak Prosperity YouTube Channel on January 30, 2020 (Run time 5 min 33 sec) In Update #8, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports that science journal "The Lancet" just released a study that finds initial evidence that men are substantially more vulnerable to Coronaviruses than women. Chris [...]
Large Gifts Now Won’t Hurt Post-2025 Estates
The IRS has issued final regulations that should provide comfort to taxpayers interested in making large gifts under the current gift and estate tax regime. The final regs generally adopt, with some revisions, proposed regs that the IRS released in November 2018 meaning that large gifts now won't hurt post-2025 estates. The need for clarification [...]
WHO Prioritizes Money Over Human Life
As posted to the Peak Prosperity YouTube Channel on January 30, 2020 (Run time 15 min 23 sec) In Update #7, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports that on 1/30/2020 the World Health Organization (WHO) declared that the Wuhan Coronavirus is indeed now a pandemic. If that's not scary enough, the [...]
Tax Implications of Your Side Gig
The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. But what are the tax implications of your side gig? I'm talking about people who perform these jobs, such as providing car rides, renting spare bedrooms, delivering food, walking dogs or providing other [...]
Coronavirus Cases Set to Explode Higher
As posted to the Peak Prosperity YouTube Channel on January 29, 2020 (Run time 10 min 48 sec) In Update #6, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports that the sudden lack of new information coming out of China is suspect. In this update, Chris walks us through the math here, showing [...]
Healthcare Data Breaches Can Threaten Your Financial Well-Being
Like many sectors of the economy, the healthcare industry regularly suffers data breaches. Healthcare data breaches can threaten your financial well-being. Healthcare analytics company Protenus has found that nearly 32 million patient records were breached between January and June 2019 alone. Alarmed? You should be. However, there are steps you can take to reduce the [...]
Coronavirus is the Black Swan Feared by Markets
As posted to the Peak Prosperity YouTube Channel on January 28, 2020 (Run time 8 min 30 sec) In Update #5, with regards to the Wuhan New Coronavirus (offially "2019-ncov"), Chris Martenson suggests that the Coronavirus has all the hallmarks of a true Black Swan event. In addition to presenting a major public health risk, [...]
Coronavirus is the Biggest Risk in 100 Years
As posted to the GoldSilver.com YouTube Channel on January 27, 2020 (Run Time: 12 min, 32 sec) On the Coronavirus, Dr. Chris Martenson says, "This is the most serious pandemic risk that we've seen, not since SARS . . . but I think since the Spanish Flu outbreak in 1919.". Join Mike Maloney as he [...]
Now is the Time to Prepare for the Coronavirus
As posted to the Peak Prosperity YouTube Channel on January 27, 2020 (Run time 11 min 58 sec) In Update #4, with regards to the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports that pretty much the entire country of China is in lockdown at this moment which is unbelievable. In addition to the restriction [...]
Chinese Coronavirus Data Challenged
As posted to the Peak Prosperity YouTube Channel on January 26, 2020 (Run time 11 min 45 sec) In Update #3, with regards to the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports that there are already 2,070 reported cases in China, 37 abroad Deaths: 56 Cured: 49 Human-to-human transmission confirmed Health experts say the [...]
Life Insurance Beneficiary Pitfalls
Life insurance is an important asset (in the case of whole life policies) that should not overlooked by families. It can also be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated if you designate the wrong beneficiary or fail to change beneficiaries when your life circumstances change. [...]
Adoption Related Tax Savings
If you’re adopting a child, or you adopted one this year, there may be adoption related tax savings available to offset the expenses. For 2019, adoptive parents may be able to claim a nonrefundable credit against their federal tax for up to $14,080 of “qualified adoption expenses” for each adopted child. (This amount is increasing [...]
Defrauded? Prioritize Evidence Preservation
You may suspect that an employee has stolen from your company. But without evidence of a crime, you’ll have a hard time pursuing prosecution. So if you discover a fraud, first call your attorney. Then take immediate steps to preserve the evidence. Safeguard paper documents Place any hard documents related to the possible fraud in [...]
Making Direct Payments of Tuition and Medical Expenses
With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate taxes. However, there are no guarantees that estate tax law won’t be revised in the future or that your accumulated assets won’t eventually exceed the available exemption [...]
5 Business Service Scams to Watch Out For
Preventing fraud from costing your company can sometimes seem like a game of whack-a-mole: Squash one scheme and another one pops up. Business service scams are particularly abundant. Fraud perpetrators know that business owners don’t always have time to verify the identities of salespeople or service reps and the legitimacy of their claims. Your best defense [...]
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.
