Top 10 Reasons You Are Going To Be Audited This Year
by Jesse Campbell on March 18, 2013 No one wants to go through an audit from the IRS. It’s time consuming, stressful and could very well end with you paying steeps fines or even facing jail time. It’s also very unlikely to happen to you. In 2011, the IRS audited 1.6 million individual returns, which […]
Giving Till It Hurts (Wall St Journal)
They are forgoing vacation homes, early retirement and college saving plans. Sally Beatty on the increasing number of ‘stretch’ givers who donate out of proportion to their wealth. By SALLY BEATTY July 6, 2007; Page W1 For 37 years, Nobuko Kajitani worked as a textile conservator at New York’s Metropolitan Museum of Art. She lived modestly, shunning […]
The Habits of the World’s Smartest People (Infographic)
There is no one picture of intelligence, but many people with high IQs do tend to share some of the same habits — both good and bad. For example, according to research complied by Online-PHD-Programs.org, while those with high IQs tend to set goals and read avidly, they are also more likely to drink more […]
6 Critical ‘Musts’ For Every Real Estate Investor
If you want your money to work for you, follow these rules Investment in any industry isn’t easy, and real estate investment can be particularly challenging. Here are six things you need to get a handle on before you start pouring money into a real estate investment. 1. You must know your market. When I first […]
Ten Rules For Asset Protection Planning (Forbes Magazine)
(Jay Akisson) Start early, keep it simple, and don’t try to hide stuff from your creditors. There’s a gambling saying that goes something like, “If you want to be a winner, you have to walk away from the table a winner.” One time-honored method of reaching this result is to systematically take your chips off […]
The One Factor That Predicts an Entrepreneur’s Success – The Experts – WSJ
SHARON HADARY: The only statistically significant predictor of whether a business owner will be successful in obtaining expansion capital is not the size of the business, the time in business or the industry—it is the owner’s goal for growth. This is one of the most compelling findings from my 20-plus years of conducting research with […]
Fewer Taxpayers Are Audited Amid IRS Budget Cuts – Wall St Journal
Fewer Taxpayers Are Audited Amid IRS Budget Cuts By LAURA SAUNDERS Associated Press Worried about a tax audit? The good news is that you’re far less likely to be chosen than you were a few years ago. The bad news is that the improved odds apply to tax cheats, too. The Internal Revenue Service audited […]
Too Good to Be True? What Are The Warning Signs Of A Investment Fraud
Too Good to Be True? Bernie Madoff became infamous for perpetrating what may be the biggest Ponzi scheme in history — costing unsuspecting investors more than $17.5 billion in principal and $47 billion in phony profits.1 In a classic Ponzi scheme, the person committing the fraud usually pays investors their returns with their own money […]
President Obama Wants Rules That Force Brokers And Financial Advisers To Put Clients’ Interests First : The Two-Way : NPR
President Obama Wants Rules That Force Brokers To Put Clients’ Interests First FEBRUARY 23, 201512:21 PM ET KRISHNADEV CALAMUR President Obama wants to change the way brokers and investment advisers offer financial advice, saying the current system leads to high fees that erode returns on investments. At present, brokers work under the suitability standard. This, […]
FAA Proposes Rules to Allow Commercial Drone Flights in U.S. (Wall St. Journal)
JACK NICAS and ANDY PASZTOR Updated Feb. 15, 2015 1:43 p.m. ET Federal regulators proposed long-awaited rules for commercial drones in the U.S., a landmark in the nation’s aviation policy that is expected to lead to a new era in which unmanned aircraft become common. The Federal Aviation Administration proposed a policy that would replace […]