Things You Should Know About Social Security
As it stands now, Social Security will be bankrupt in 2033 In 2025, there will be two people working for everyone receiving Social Security You can get your statement online at http://www.ssa.gov/mystatement/ Know what you want to have happen before you file for Social Security–“do- overs” are tough, and after 1 [...]
Selling Do’s and Don’ts
I recently had the opportunity to be on a panel that discussed “Selling to the ‘C’ Suite” to the members of the Sales and Marketing Executives International–SMEI. The basic principles of selling to the “C”-Level Executive are no different than selling to anyone. Listed below are what I consider the Do’s and Don’ts in any [...]
The New IRS Website
The IRS has upgraded their website design and functionality as part of a ten year overhaul plan. Based on their analysis of usage, they have changed the access to online services to make it easier for people to use. For instance, there is a tool bar for direct access to make payments, check on refunds, find [...]
The Investment IQ Quiz
At our firm we use American Funds for our Retirement & Savings Plan. With quarterly statements there is typically an insert with useful information from American Funds. This past month they had a fun Investment IQ Quiz to test our knowledge — I thought I would share it with you. Match the definition on the [...]
Amounts Distributed From S-Corporation can be “Return of Capital” Rather Than Salary
In a recent case the IRS attacked the unreasonably low salary paid to a shareholder from the S Corporation. Based on empirical evidence and professional judgment the expert for the IRS determined that out of total distributions paid to the shareholder from the S Corporation of $227,651 and $199,470 in 2002 and 2003, $91,000 [...]
