Go to any party, any backyard BBQ, baseball game or the yacht club on race day and you are likely to hear someone complaining about taxes. People love to hate them, but they act as if they have no control over them! Taxes are not a storm over the ocean that “at God’s will” might […]
With every new president, we hear that taxes are going to be changed. Some promise to lower them in order to get elected, even though there is no way for them to go down while we spend the way we do, service our huge debts and keep the lights on. Some say they are going […]
Many people are looking at their calendar and realizing that June has passed, and although they had great intentions in March and April of getting proactive in and around learning how to mitigate this year’s tax outcomes, the time has slipped by. People who should be storing capital differently in that stock brokerage account have […]
It’s Summer and If You’re At the Ocean There Are Surfers. I’ve Noticed, Surfers Are Like Tax Planners.
The surfers sit and look at the horizon and anticipate the size of the waves. It’s not an exact science, but they make their choice and then, the most important part, they proactively paddle like crazy toward the oncoming wave crest, well ahead of its arrival. This allows them to meet the wave on their own terms, rather […]
It seems like everywhere I go, there are cars on the side of the road and the unmistakable buzz of people with “yard sale face” rushing to see what hot deals they can find. It’s nice to see some post pandemic normalcy. It’s always been a summer ritual, and as badly as we all crave […]
Ever had a “light bulb” moment? I have been driving for many years. I’ve driven at least a million miles and I own a few cars (I collect certain types), and when driving my spouse’s car or one from the collection that I haven’t driven in a while, inevitably it’s time to gas up. I […]
Although currently very little has actually changed tax rules wise, many things are proposed. Under an executive order a few things have actually changed around child credits, so if you have children there are benefits starting now for many Americans in the lower tax brackets. Also, one item that affects many small business owners is […]
It’s May and the 2020-2021 tax filing season is finally coming to an end, and for many with a familiar recurring moooooan and grooooooan of having paid too much in taxes. Now is the time to take your preventative medicine and avoid the pain next year! Being human, we all form habits. Some good. Most […]
A Sign of Recovery: Masks and Yard Sales and Capital Gain Tax Bargains. Get Them Quick Before They’re Gone.
Everywhere I go, like the dandelions popping up all over my lawn, no matter hard I work at their extermination, there are cars on the side of the road and the unmistakable buzz of people with “yard sale rush” masks, rushing to see what hot deals they can find. It’s a Spring/Summer ritual and its […]
Generally speaking, there are three “waves” of tax filers. The first contains the people with W-2 jobs, kids and daycare and they have had taxes withheld that when refunded are a big part of their income. They generally file in late January and early February, as soon as possible so they can get their refund, […]