IRS Audit Triggers
After 34 years as a CPA, providing tax planning advice, preparing thousands of tax returns, and representing numerous clients before the Internal Revenue Service, I’ve pretty much seen it all. Even...
View ArticleThe Quest For Income
With certificates of deposit, treasury obligations, and money market funds paying all time low rates of interest, safely investing for income seems relatively impossible. There are a number of...
View ArticleHow Much Do You Need To Retire
While there are countless generic retirement calculators available on line, there are several serious limitations to them from a planning standpoint. First, knowing how much money you will need for...
View ArticleHow to Evaluate and Choose Mutual Funds
By Anthony Caruso, CPA, PFS Many investors today utilize mutual funds as part of their overall investment plan. Whether you must make your own mutual fund selections for your 401(K) or employer...
View ArticleThe Truth About Diversification
Diversification is a method that reduces risk by allocating money in a portfolio among various types of investment categories. Those categories are known as “asset classes”, and deciding how much to...
View ArticleThe Richest Man in Babylon
"Divide your portion to seven, or even eight, for you do not know what misfortune may occur on the earth." – Ecclesiastes 11:2 One of the biggest challenges I’ve faced with tax clients over the years,...
View ArticleAre Bond Investments Dangerous Right Now?
By Anthony Caruso, CPA, PFS September 18, 2012 The short answer is “probably”. But then again, stock investments are dangerous right now too. In fact at any given time, there is some level of risk...
View ArticleThe Fiscal Cliff
Nov.2012 What Exactly Is the Fiscal Cliff? The fiscal cliff refers to a number of tax hikes and spending cuts that will go into effect on Jan. 1, 2013. If Congress and President Obama do not agree to...
View ArticleYear End Fiscal Cliff Tax Strategies
12/14/12 Depending on what, if any, tax legislation Congress is able to enact in the next several weeks, we will likely experience a tax increase for 2013 and later years. That said, the following are...
View ArticleOverview of the Tax Provisions in the 2012 American Taxpayer Relief Act
1/15/2013 Dear Clients and Friends, The recently enacted 2012 American Taxpayer Relief Act is a sweeping tax package that includes, among many other items, permanent extension of the Bush-era tax cuts...
View ArticleThe Future of Bonds
In the second quarter of this year, the yield on the 10-year Treasury bond rose 54 basis points to 2.24 percent in the span of one month. Economists have been predicting the eventual rise in interest...
View ArticleThe Fed is Optimistic While the Markets Dither
After a great deal of speculation at the beginning of June regarding when the Federal Reserve might let up on its quantitative easing policy, Federal Reserve Chairman Bernanke finally spoke….and the...
View ArticleInnocent Spouse Relief for Income Tax Filings
Innocent Spouse Relief for Income Tax Filings Once a married couple files a joint tax return, each partner is by law accountable for the full tax liability, regardless if just one of the spouses is...
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