Shoring Up Services for Veterans, Energy Production and Cybersecurity Risks
Category Archives: Frank’s Corner
Shoring Up Services for Veterans, Energy Production and Cybersecurity Risks
🖨 Print⏱ 3 min readRelating to a national emergency declared by the President on March 13, 2020 (HJ Res 7) – On March 13, 2020, then-President Trump declared a national emergency relating to the COVID-19 pandemic. Since then, emergency status … Continue reading
Financial Tasks to Tackle in the Month of May
🖨 Print⏱ 4 min readNow that spring is here, it might be a great time to give your finances a fresh look. Here are a few key items to put on your May to-do list. Say Bye-Bye to PMI If … Continue reading
Estate Taxes vs. Inheritance Taxes: Understanding the Differences
🖨 Print⏱ 4 min readEstate and inheritance (“death”) taxes are levied on the transfer of property at death. The difference between an estate tax and an inheritance tax is based on who pays the bill. An estate tax is levied … Continue reading
I Needed to Repay Part of My Compensation; Will I Get a Refund on My Taxes?
🖨 Print⏱ 3 min readSo, you filed and paid all your taxes on the money you earned in 2021. Now, the company you work for finds itself in trouble, and you are forced to pay back part of your compensation. … Continue reading
Defining and Understanding Reproduction Costs
🖨 Print⏱ 4 min readWhen it comes to businesses looking to mitigate risk, one concept that’s important to explore is reproduction costs. The first step is to distinguish between reproduction and replacement costs. Replacement cost refers to how much it … Continue reading
How Volunteering Can Earn You a Big Tax Deduction
🖨 Print⏱ 4 min readMost people volunteer out of a sense of altruism, duty or purpose – not to get a tax deduction from Uncle Sam. At the same time, if your good deeds could also result in lower taxes, … Continue reading
Transparency for the Coronavirus, Federal Settlements, Smart Appliances and Public Education
🖨 Print⏱ 4 min readCOVID-19 Origin Act of 2023 (S 619) – This bill would authorize the Office of the Director of National Intelligence (ODNI) to declassify all information relating to the origin of COVID-19 and any correlation with the … Continue reading
Mega Backdoor Roth IRA
🖨 Print⏱ 3 min readThe Roth IRA is a retirement savings account in which you invest only after-tax dollars. Subsequently, all earnings grow tax-free and may be withdrawn tax-free. However, there are limits to who can contribute and how much … Continue reading
6 Tax Tips for 2023
🖨 Print⏱ 3 min readIt’s that time of year again: tax time. And while many of your money-saving options might be limited after Dec. 31, you can still do a lot to help lower your taxes, save money, and avoid … Continue reading
Different Ways to Value a Business
🖨 Print⏱ 4 min readWhen it comes to valuing a business, there are many ways to examine a company’s profitability. Looking at a business’ liquidation value and its breakup value are two of many approaches to see how a company … Continue reading
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