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QOFs as Part of Your Estate Planning
The Tax Cuts and Jobs Act (TCJA) created a new program to encourage investment in economically distressed areas through generous tax incentives. The Qualified Opportunity Zone (QOZ) program relies on investments in Qualified Opportunity Funds (QOFs) — funds that can provide wealthy taxpayers with some new avenues for estate planning. 3 big tax benefits Investors [...]
Coronavirus: How Bad Will it Get?
As posted to the Peak Prosperity YouTube Channel on February 2, 2020 (Run time 16 min 00 sec) In Update #11, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports: "The official data on the spread of the Wuhan coronavirus continues to suggest a geometric growth rate. Which explains why more and more infectious [...]
Jury Duty Fraud Schemes
Some fraud schemes refuse to die. Jury duty fraud schemes existed long before phishing, malware and other cybercrime methods became synonymous with identity theft. Yet just this month, the U.S. Marshals Service issued a fraud advisory about this old-school con that’s enjoying a resurgence. Common methods Here’s how jury duty scams work: Perpetrators posing as [...]
Post-Wayfair Sales Tax Obligations
In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states to collect sales tax from remote sellers. Today, nearly every state with a sales tax has enacted a similar law, so if your company does business across state lines, it’s a [...]
Coronavirus: Is it Too Late?
As posted to the Peak Prosperity YouTube Channel on February 1, 2020 (Run time 11 min 31 sec) In Update #10, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson reports: "Late on January 31, 2020, the US officially declared coronavirus a "national health emergency". So they are starting to claim that it's "too late" [...]
Changing Employee Performance Reviews
(This is Blog Post #718)
Coronavirus Now Reported as Having an Ro of 4.1
As posted to the Peak Prosperity YouTube Channel on January 31, 2020 (Run time 19 min 27 sec) In Update #9, on the Wuhan New Coronavirus (officially "2019-ncov"), Chris Martenson issues the following alert that he'd hoped not to have to deliver: A new study coming out of China reports that the Wuhan Coronavirus has [...]
Include IP In Your Estate Plan
(This is Blog Post #716)
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, [...]
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.
