Imagine That! Newsletter

I adored my mom.  She was blind in one eye–was the soprano soloist in our church and community choir–a terrific mom and cheerleader–and died of a horrible disease I had never heard of.  It was the same disease that killed Dudley Moore, the British actor.  Mom got progressively more physically unstable until I convinced her …

I Wish I Had Known About This For My Own MomRead More »

Last year, U.S. stocks marched steadily higher with only minor pullbacks along the way.  When the year ended, the largest “peak to trough” decline (from the highest level to the lowest level) for the S&P 500 Index was just under 3% (St. Louis Federal Reserve data on the S&P 500).  It was a year that …

Just When You Thought It Was Safe To Get Back Into The Water!Read More »

According to a May 25, 2016 Washington Post article, 46% of Americans said they did not have enough cash to cover a $400 emergency expense.  Instead, they would have to put it on a credit card and pay it off over time, borrow from friends or family, or simply not cover it at all.  Really? …

Do You Have The $400?Read More »

Much has been made of the new 20% tax deduction for S corporations and LLCs in the Tax Cuts and Jobs Act of 2017.  The 21% tax rate given to C corporations has been a tremendous benefit to those structured in such a way.  But what about “equality” for pass-through entities, such as LLCs and …

The Devil is in the Details … Do you Qualify or Not?Read More »

A client we’ll call “Joe,” owns several family-style restaurants in Southern California. Joe was recently contacted by a friendly competitor. The competitor was ready to retire and wanted to quickly exit the business. A very attractive, discounted price was offered to Joe, but he had to act quickly to get the discount and avoid having other potential buyers …

When Can Borrowing Save You Taxes?Read More »

Torn apart by a bloody and bitter civil war, the country of Liberia in West Africa is recovering slowly and painfully.  Formed by freed U.S. slaves and just now emerging from an outbreak of Ebola, it is a nation devastated by years of war with significant needs of every sort undermined by a fragile infrastructure.  …

Man with a MissionRead More »

Once there was a king of a fair and far away land. The people of the kingdom were happy and industrious. The king had established his realm through hard work, a clever head for business, and by providing needed services to the villagers. The queen, much loved in the realm, was gracious, God-fearing and loyal …

Once There Was A KingRead More »

I recently received a call from a long-time client who is selling a valuable piece of real estate.  He was extremely frustrated by the enormity of taxes he will have to pay for the privilege of living in California!  Just how bad is it?  Would you believe nearly “40% bad?”  The Federal long-term capital gains …

“You Had Me At ‘Capital Gains Taxes Are Voluntary’”Read More »

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