Search results for: “divorce”
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Travel Ban Because of Taxes
The Internal Revenue Service has acted quickly this year to work with the U.S. State Department to revoke or deny renewal of passports of almost a half million people who are alleged to owe taxes to the US government. This often affects people who run international businesses (whose earnings will decline without a passport) or even…
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Summary of Tax Reform for Individual Taxpayers
This summary is an excerpt from “Understanding the Tax Cuts and Jobs Act”by Samuel A. Donaldson, Georgia State University College of Law, January 3, 2018. Individual Ordinary Income Tax Brackets Originally, Republican leadership sought to reduce both the number of individual income tax brackets and the tax rates. Under prior law, seven tax brackets ranging from 10% to…
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Qualified Small Employer Health Reimbursement Arrangements for 2018
(This inform is not updated to reflect 2019 proposed regulations so should be presumed to be partially obsolete). Last month the Internal Revenue Service released 59 page Notice 2017-67 which provides guidance on Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs). QSEHRAs were first established as part of the 21st Century Cures Act enacted in late 2016…
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Annotated text of HR 1275
H. R. 1275 To eliminate the individual and employer health coverage mandates under the Patient Protection and Affordable Care Act, to expand beyond that Act the choices in obtaining and financing affordable health insurance coverage, and for other purposes. IN THE HOUSE OF REPRESENTATIVES March 1, 2017 Mr. Sessions introduced the following bill; which was…
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412i plan suitability
limitations and suitability issues for those considering the use of a 412(i) anniuty pension plan
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Life at age 30: then and now
Wall Street Journal reports today that half of today’s 30 year olds earn more than their parents (adjusted for inflation) at the same age. I don’t see evidence of that early success in my communities today. At age 30 back in 1990 most of my peers owned houses, perhaps had a a rental property or…
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Services for individual clients
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Four types of services offered I provide services to individual clients for four general reasons: Assist with going through a difficult process like business sale or divorce To provide documentation to third parties like banks or government Maximize the financial potential of life’s financial opportunities like salary, employee benefits or investments Make complex processes simple,…
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Twelve warning signs that you have outgrown your financial adviser
consumer tips about upgrading to better personal financial adviser