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Is there anything worse than owing the IRS? If you do, don’t fret; they have a collection process. (That’s bad sarcasm for a bad situation.) So what is a taxpayer to do when he owes back taxes? For whatever reason you owe the IRS (e.g. increased salary with under-withholding of income tax, underpaying estimated tax […]
With a child in college, the expenses can seem endless — tuition, books, room and board and an infinite number of incidentals. How do parents keep their heads above water financially, establish boundaries and make sure their kids’ expectations are rooted in reality? Here’s some practical wisdom from parents who are trying to instill good […]
Are you a small business owner? Do you have employees? Would you consider any of them a key person? A key employee is one who contributes significantly to the financial success of the business or who is responsible for management decisions, has a significant impact on sales or has a special rapport with customers and […]
Recently, someone asked about a situation in which she was caring for her live-in significant other, to whom she was not married, during a time when he was battling a serious health issue. Her complaint was that he had adult children who were not helping, and the couple was facing a financial crisis on top […]
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Blood, sweat, and tears go into every new business startup. You have enough to worry about with establishing your corporate structure, accounting system, location, office layout, stock, inventory and more, but you also need to protect your investment — and you need help. To start, you need to understand the risks you may face in […]
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It seems like every year after the holidays, you read about the latest celebrity filing for divorce. This year is no exception, with Jeff Bezos, CEO and founder of Amazon with a reported net worth of $137 billion (according to Bloomberg Billionaires’ Index), announcing an end to his 25- year marriage to MacKenzie Bezos. Statistically, […]
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No one likes to think about death, but it is amazing how many people, including stars with millions of dollars in assets, die without any estate plan to determine what will happen to their estate or who will get their assets after their death. Every person, no matter how old, should have at least a […]
