Property Rights and Property Taxes—and Countries That Don’t Have Them

This reminds me of the story of an an old sharecropper who was given the deed to a house free and clear with no mortgage.  He said he didn't want it. Instead he wanted a mortgage. When asked why he said once his brother had the deed to a house and … [Read more...]

Trends: Estate Planning Changing

Estate planning is always evolving before our eyes. Tax laws change from year to year and laws passed in 2012 have carried an abundance of consequences. Obviously the more money you have the more significance estate planning tends to carry.  How … [Read more...]

The IRS’s Job Is To Violate Our Liberties

“What do you expect when you target the President?” This is what an Internal Revenue Service (IRS) agent allegedly said to the head of a conservative organization that was being audited after calling for the impeachment of then-President Clinton. … [Read more...]

The 100th Anniversary of the Federal Income Tax

1913 is a year that will live in infamy. On March 1st, 1913, the 16th Amendment took effect providing for a 1% Federal Income tax and on December 23rd President Woodrow Wilson signed the Federal Reserve Act into law. Perhaps an effort to keep tabs on … [Read more...]

New Factors Affecting Your Business this Tax Season

In the current tax season, one of the greatest challenges of business, especially in the US, is the inevitable tax increase especially since the government is likely to implement the increases hand in hand with government spending cuts. This … [Read more...]

Protect Yourself from the Effects of FATCA

How will the U.S. Foreign Account Tax Compliance Act (FATCA) impact you? In an attempt to wring every last tax dollar out of Americans the Obama administration enacted FATCA into law on March 18th, 2010. With its 30% withholding Tax, it sent shock … [Read more...]

How To Invest In Tax Liens

Tax Liens- Every homeowner, has to pay property taxes. If these taxes aren't paid, the city or county imposes a tax lien against the property. Some states allow investors to purchase tax lien certificates at auction. As an investor buying these … [Read more...]

‘Fiscal Cliff’ … an Illusion or Reality?

Fiscal Cliff- We do get these buzz phrases about the economy, don’t we? A special jargon of the financial press and the commentariat, shorthand expressions intended to suggest the speaker has an especially intimate understanding of economic … [Read more...]

Tax Deferred Retirement- 401k, IRAs and More

Tax Deferred Retirement Income Being able to live a comfortable life once you retire is easier said than done in today's economy. Many people who thought they were going to be able to retire were caught off-guard when the financial markets took a … [Read more...]