Are you worried about a real estate professional audit? You maybe should be if you're using the real estate professional designation to sidestep … [Read more...] about Real Estate Professional Audit Troubles
How to Extend Tax Return Last Minute
If you can’t file a tax return by April 17, 2018—the due date for 2017 returns given that April 15 falls on a Sunday and April 16 is a holiday in … [Read more...] about How to Extend Tax Return Last Minute
199A Deduction: Calculating Your Tax Savings
As you work on preparing your 2018 income tax return, you may wonder how much income tax the new Section 199A deduction saves you. This post, … [Read more...] about 199A Deduction: Calculating Your Tax Savings
Pascal’s Wager and Your Investment Portfolio
Blaise Pascal achieved fame and notoriety for several achievements. The 17th century French mathematician did ground-breaking work in geometry and … [Read more...] about Pascal’s Wager and Your Investment Portfolio
IRS Audit Prevention Tips
Your tax return is due sometime in the next couple of weeks—unless you extend. And given that, I thought it’d make sense to talk about IRS audit … [Read more...] about IRS Audit Prevention Tips
Meals and Entertainment Deduction Rules for 2018 and Beyond
The meals and entertainment deduction rules for 2018 differ from those used in the past. If you’re a business owner or real estate investor, you … [Read more...] about Meals and Entertainment Deduction Rules for 2018 and Beyond
Siamond Withdrawal Rate Not a Pretty Picture
A couple of weeks ago, a respected and rather mathematical member of the popular Bogleheads online investing forum, Siamond, posted a thoughtful … [Read more...] about Siamond Withdrawal Rate Not a Pretty Picture
100% Stocks Allocation Suffers Two Big Flaws
A couple of times recently, I’ve encountered folks proudly using a 100% stocks allocation for their retirement savings. This approach, they say, … [Read more...] about 100% Stocks Allocation Suffers Two Big Flaws
Lessons from Rate of Return on Everything Paper
A few weeks ago, a group of researchers from various universities published a working paper: The Rate of Return on Everything, 1870-2015. The paper … [Read more...] about Lessons from Rate of Return on Everything Paper
New Mortgage Interest Deduction Rules
The Tax Cuts and Jobs Act of 2017 creates new mortgage interest deduction rules. I’m going to briefly describe the new rules, therefore, so you can … [Read more...] about New Mortgage Interest Deduction Rules