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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 [...]
Coronavirus Pandemic is Spreading
As posted to the Peak Prosperity YouTube Channel on January 25, 2020 (Run time 4 min 42 sec) In Update #2, with regards to the Wuhan New Coronavirus (offially "2019-ncov"), Chris Martenson reports that there are already 1,370 reported cases in China 41 deaths 38 cured 28 cases confirmed in 10 countries 30 municipalities/provinces have [...]
Coronavirus is Worse Than You Have Been Led to Believe
As posted to the Peak Prosperity YouTube Channel on January 24, 2020 (Run time 9 min 47 sec) Already, the Coronavirus is a Phase 4 Pandemic. Chris Martenson explains why the Wuhan New Coronavirus (officially “2019-ncov”) a substantially more dangerous threat than the standard flu. (This is Blog Post #699) Chris Martenson, is a former American [...]
Mergers and Acquisitions: 2019 vs 2020
(This is Blog Post #698)
Don’t Be Afraid of Probate
The word “probate” may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family members. Plus, probate records are open to the public, so all your “dirty linen” may be aired. That said, don't be afraid of probate. The reality is that probate doesn’t have to be so terrible, [...]
What Does it Take to Get a Medical Expense Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to qualify. However, with proper planning, you may be able to time discretionary expenses to your advantage for medical expense tax [...]
Beware Vendors Bearing Gifts
(This is Blog Post #695)
When Limited Partners Suspect General Partners of Fraud
Fraud suspicions are hard enough to investigate if you’re a business owner and call the shots. But what if you’re a limited partner (LP) in a business where a general partner (GP) is possibly engaged in mismanagement, self-dealing or fraud? With little control over the company, limited partners that suspect general partners of fraud face [...]
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.
