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Purported Repeal Of Death Tax Just Made Planning Tougher

Wed, 22 Feb 2017 13:40:00 -0500

Three bills in Congress purport to repeal the estate tax. They are illusory. It is not a repeal of all inter-generational wealth transfer taxes. To planners, it's clear that our elected leaders have intentionally put in major road blocks to effective implementation -- other than one simply dying.


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Dow 20K... Now What?

Wed, 22 Feb 2017 12:41:00 -0500

Eric Irvin, CEO of Reality Shares, offers guidance on how investors can potentially optimize and protect their portfolios now that the Dow has surpassed 20000. After an eight-year bull market, investors must avoid complacency, and stick to an accurate time-tested approach like dividend growth.


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Ask Larry: ​​​​Can I Claim A Divorced Widower's Benefit?

Wed, 22 Feb 2017 11:39:00 -0500

Today’s column explores various questions about divorced and non-divorced widow(er)'s benefits and spousal benefits.


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The Unpopular Tax That Almost No One Pays

Wed, 22 Feb 2017 10:39:00 -0500

The estate tax now faces near certain extinction even though almost no one pays it, and very few even face the prospect of paying it.


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Dear IRS: Sorry, A Typo On My Taxes Dropped Some Zeros

Wed, 22 Feb 2017 08:56:00 -0500

How do typos as a tax excuse stand up to IRS scrutiny? First ask if your explanation passes the straight face test.


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IRS 'Dirty Dozen' Tax Scams For 2017 Include ID Theft & Bogus Refunds

Wed, 22 Feb 2017 08:04:00 -0500

Each year, the Internal Revenue Service (IRS) issues a list of common tax schemes and scams they call the "Dirty Dozen." Taxpayers can fall victim to these scams at any time but they tend to peak during tax filing season. Here's a summary of this year's "Dirty Dozen."


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If You Traded Bitcoin, You Should Report Capital Gains To The IRS

Tue, 21 Feb 2017 19:01:00 -0500

Whether it’s legal or not under CFTC regulations, the IRS requires American resident taxpayers to report Bitcoin trading income and losses worldwide on U.S. resident tax returns. It doesn’t matter whether you repatriate funds back to the U.S., or not.


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If You Want To Trade Bitcoins, First Learn CFTC Rules

Tue, 21 Feb 2017 19:00:00 -0500

Bitcoin is the most famous cryptocurrency, and there’s been significant price volatility the past few years. That’s attracted American retail traders to Bitcoin exchanges offering leveraged trading. But, that’s likely in contravention of CFTC regulations for American retail traders.


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Social Data Tools Provide Investing Intel Before Analysts Can

Tue, 21 Feb 2017 18:51:00 -0500

The ultimate value of a company isn’t determined by analysts, traders or stock charts, but rather by the consumers that choose to buy the company’s products, or not. Consumers are speaking out loud and clear. All investors need to do is listen to them. Here's how it works.


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Getting To Know You Tuesday: Bill Smith

Tue, 21 Feb 2017 17:23:00 -0500

It's Getting To Know You Tuesday! Today's tax pro is Bill Smith, Managing Director for CBIZ MHM’s National Tax Office.


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The Rebirth Of Burger King Has Made 3G Capital, Bill Ackman And Warren Buffett Over $14 Billion

Tue, 21 Feb 2017 16:39:00 -0500

Brazilian private equity powerhouse 3G Capital, Pershing Square's Bill Ackman and Warren Buffett have made about $14 billion on the revival of Burger King.


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Warren Buffett's 10 Biggest Stock BetsWarren Buffett's 10 Biggest Stock BetsKraft HeinzWells FargoCoca-ColaIBMAmerican ExpressPhillips 66Procter & GambleWal-MartUS BancorpDaVita HealthCare Partners

Tue, 21 Feb 2017 16:39:00 -0500

Warren Buffett may have bolstered Berkshire Hathaway's investment team in recent years by hiring Todd Combs and Ted Weschler, but the Oracle of Omaha is still the one making the biggest bets. Berkshire had at least $1 billion in each of these stocks at the end of 2015. (Market value, portfolio weights as of 3/15/16)

Position: 325.6 million shares

Market Value: $25.3 billion

Berkshire Portfolio Weight: 18.7%

Position: 479.7 million shares

Market Value: $24 billion

Berkshire Portfolio Weight: 17.7%


Position: 400 million shares

Market Value: $18.1 billion

Berkshire Portfolio Weight: 13.4%

Position: 81 million shares

Market Value: $11.6 billion

Berkshire Portfolio Weight: 8.6%


Position: 151.6 million shares

Market Value: $9 billion

Berkshire Portfolio Weight: 6.6%


Position: 75.6 million shares*

Market Value: $6.5 billion

Berkshire Portfolio Weight: 4.8%

*as of 2/12/16

Position: 52.8 million shares

Market Value: $4.3 billion

Berkshire Portfolio Weight: 3.2%

Position: 56.2 million shares

Market Value: $3.8 billion

Berkshire Portfolio Weight: 2.8%

Position: 85 million shares

Market Value: $3.5 billion

Berkshire Portfolio Weight: 2.6%

Position: 38.6 million shares

Market Value: $2.7 billion

Berkshire Portfolio Weight: 2%


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Ask Larry: What Should My Wife File For And When?

Tue, 21 Feb 2017 13:50:00 -0500

Today’s column explores the timing of benefits for married couples, the family maximum and the availability of divorced spousal benefits.


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Disclosing President Trump's Tax Returns - An Unconventional Idea

Tue, 21 Feb 2017 12:17:00 -0500

Lots of folks want to see Donald Trump’s tax returns. Conventional wisdom is that the returns cannot be disclosed unless he consents.


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The High Stakes Of Retail Sales Tax Collection

Tue, 21 Feb 2017 10:39:00 -0500

Retail, and by extension retail real estate, is evolving. What was once the country store on a dirt road is now a large omnichannel retailer. The digital and physical retail worlds are converging with retailers embracing technological advancements to serve, understand and attract new customers.


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Thumbs Down: The 10 Worst States For High Earners

Tue, 21 Feb 2017 10:23:00 -0500

  High earners who live in these taxing states can expect a big bill at tax time. It could get worse. In New York, Gov. Andrew Cuomo is calling to extend New York’s 2009 “temporary” millionaire’s income tax through 2020, and Assembly Democrats want a new 10% top rate for $100-million-plus [...]


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Tax Policy Under An Anti-Policy President

Tue, 21 Feb 2017 10:22:00 -0500

We need the nation’s chief executive to think about, and accept the notion of “policy” – and take advice and counsel from experts who know more than he does.


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Senior Specials: 14 States With Retirement Income Tax Breaks

Tue, 21 Feb 2017 10:17:00 -0500

Check out these generous tax breaks for retirement income.


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How To Find Your Own Retirement Tax Haven

Tue, 21 Feb 2017 10:13:00 -0500

Worried about big tax bills in retirement? Here’s help.


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Thumbs Up: The 10 Best States For High Earners

Tue, 21 Feb 2017 10:04:00 -0500

People are proactively going to states with either no income tax or lower taxes.


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25 Best Places To Retire Without A CarNo Car, No ProblemAnn Arbor, MichiganArlington, VirginiaBerkeley, CaliforniaBoston, MassachusettsBoulder, ColoradoBurlington, VermontDenver, ColoradoFort Lauderdale, FloridaGrand Rapids, MichiganHonolulu, HawaiiLos Angeles, CaliforniaMadison, WisconsinMinneapolis/St. Paul, MinnesotaNew York, New YorkPittsburgh, PennsylvaniaPortland, MainePortland, OregonProvidence, Rhode IslandSalt Lake City, UtahSan Diego, CaliforniaSan Francisco, CaliforniaSan Jose, CaliforniaSanta Barbara, CaliforniaSeattle, WashingtonTempe, Arizona

Tue, 21 Feb 2017 10:04:00 -0500

Whether you're achildless Millennial or a boomer near or in retirement,you canlive happily without owning a car-- inthe right locale. To pick the 25 best places to go carless, weweighed city-wide ratings of walkability (can you hoof it to stores and services?), public transit and bike-friendliness,plus availability of by-the-hour car rentals andride-share services like Uber and Lyft. We ruled out places with sky-high serious crime, but didn't factor in publicschool quality since going carless is less appealing when you've got kids to cart around. Some of our picks are expensive, but we found good choices for tighter budgets too. Onthe slides,we note cost of living, air quality, and other metrics and suggest great, walkable neighborhoods.Our 25 picks are listed alphabetically.

This quintessential college town (University of Michigan) of115,000, just 30 miles west of Detroit, is easy to get around without an owned car and has a low crime rate. Ann Arbor ranks decently on Walkscore.com indexes for walkability and transit availability, and very high for bikeability. Uber and Lyft serve the area, as does rent-by-the-hour Zipcar. Median home price is $233,000. Cost of living is 11% above the national average. State tax climate for retirees is average. Air quality is good and physicians per capita is above average. Walkable neighborhoods include Downtown and South Main.

Just across the Potomac River from Washington, D.C., Arlington (population 230,000) has one-eighth the serious crime rate of its larger neighbor. The city boasts high Walkscore.com rankings for walkability, transit (including four rapid-transit lines) and biking. Bicycling Magazine ranks Arlington the country's 25th best place to bike. Uber and Lyft are there, along with rent-by-the-hour services Car2Go and Zipcar. Median home price is a pricey $625,000, and the cost of living is 81% above the national average. Tax climate for retirees is average. Air quality is average, but physicians per capita is above the national average. Walkable neighborhoods include Clarendon/Courthouse, Ballston-Virginia Square and Lyon Village. More information here.

Home to the flagship University of California campus, Berkeley (population 117,000) is a carless retiree's dream. Walkscore.com gives high rankings for walkability, transit(including the BART rapid transit line to nearby San Francisco) and bikeability. Uber and Lyft are present, as is part-day car rental service Zipcar. Serious crime rate is average. Median home price is a sky-high $988,000, and cost of living is 48% above national average. State tax climate for retirees is poor. Air quality is good and physicians per capita rate is way above average. Among the[...]


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Skip Any Of These IRS Forms, Get Tax Audits ... Forever

Tue, 21 Feb 2017 09:07:00 -0500

Civil and criminal penalties can apply to your taxes, and some IRS tax forms are more important than others.


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Actually, Robots Could Face IRS With Trump-Like Tax Savvy

Tue, 21 Feb 2017 09:07:00 -0500

If Bill Gates is right that robots should pay taxes too, just how will that work? Given the complexity of taxes, perhaps it would carry AI to the next level.


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Grandparent 529 Plans: A Smart Strategy For RMDs

Tue, 21 Feb 2017 09:00:00 -0500

529 plans can offer significant benefits for retirees trying to figure out what to do with RMDs (required minimum distributions), allowing them to maintain control and, if necessary, access to the assets, tax-deferred growth, and a gifting legacy.


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Student Loan Debt In 2017: A $1.3 Trillion Crisis

Tue, 21 Feb 2017 07:45:00 -0500

In the U.S., the student loan debt crisis impacts over 44 million borrowers who hold over $1.3 trillion in student loan debt.


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As Expected, The Tragedy That Is Greece Returns

Tue, 21 Feb 2017 05:15:00 -0500

The third Greek bailout is in crisis as Euros 7 Billion has to be paid by July...once again, Greece does not have the money.


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