This tax musing goes into the potential problems of using retirement money to invest in a business. See this article in the New York Times by Steven M. Davidoff:http://dealbook.nytimes.com/2012/10/30/the-risks-of-tapping-a-retirement-fund-for-an-alternative-use/Hey here is an idea; use your retirement money for retirement! Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Tax Planning Depends on Election Outcome
This tax musing reinforces the idea I have mentioned before, that as much as people speculate about 2013 tax law, until something happens, nothing happens! See this article in Accounting Today by Michael Cohn with the scoop (or non-scoop):http://www.accountingtoday.com/news/Tax-Planning-Depends-Election-Outcome-64500-1.htmlMaybe in the end the can will be kicked down the road (meaning the government just extends everything for another year), but it is difficult to plan for next year when you don’t know what next year will bring.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: A look at proposals to limit the mortgage interest deduction
This tax musing explores the idea that both parties are now looking at the mortgage interest deduction as a massive government tax generator, with different ideas on how to tap the potential tax revenue.See this article in by Kenneth R. Harney in the Los Angeles Times to learn more:http://articles.latimes.com/2012/oct/28/business/la-fi-harney-20121028Well it now looks like there may not be any safe ground anymore – all the sacred cows are on the chopping block!Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com