Alternative-Asset IRAs: Handle With Care
Most IRA owners invest their funds in traditional assets, such as stocks, bonds and mutual funds. But some intrepid investors have enjoyed impressive, tax-deferred returns — or even tax-free returns in the case of a Roth IRA — by using their IRAs to hold rental real estate, business interests or other alternative assets. Despite the [...]
The New Form-I9 is Here!
On March 8th, 2013 the U.S. Citizenship and Immigration Services (USCIS) published the revised Employment Eligibility Verification Form I-9. All employers are required to complete Form I-9 for all new hires within three days of the date of employment. The form itself is designed to determine who is AUTHORIZED to work in the US, not [...]
You Don’t Have To Be a Manufacturer To Take The “Manufacturers’ Deduction”
The manufacturers’ deduction, also called the “Section 199” or “domestic production activities deduction,” is 9% of the lesser of qualified production activities income or taxable income. The deduction is also limited to 50% of W-2 wages paid by the taxpayer that are allocable to domestic production gross receipts. Yes, the deduction is available to traditional [...]
Form I-9 Retention
All employers are required to complete Form I-9 for all new hires within three days of the date of employment. The form itself is designed to determine who is AUTHORIZED to work in the US, not to determine who is a citizen or not. This form must be completed for EVERY employee. How and what [...]
You can’t buy life insurance!!!
What’s that you say? I own a “life insurance” policy. It’s called life insurance but you cannot assign a value to a persons life because a life is priceless. What you can buy, is value for a persons “potential earning power”. The other value you can insure for is based on a persons needs, for instance outstanding debts, [...]
