Wealth Strategies Journal

Do More, Better, Faster

Why Land and Homes Actually Tend to Be Disappointing Investments by Robert J. Schiller

Robert J. Schiller, Professor of Economics at Yale, discusses an unusual trend in the market that he has found: land and homes may not be as good of an investment as we think. He begins,

Over the century from 1915 to 2015, though, the real value of American farmland (deflated

Continue reading

Two New Cases on Using Computers “Without Authorization” under the Computer Fraud and Abuse Act by Jim Lamm

Jim Lamm discusses two recent cases in which individuals were found in violation of the Computer Fraud and Abuse Act for using computers “without authorization.” He summarizes,

The first case, decided on July 6, 2016, is United States v. Nosal (a/k/a Nosal II because the Ninth Circuit also issued an opinion on

Continue reading

Study Shows Users Don’t Read Terms of Service Agreements by Jim Lamm

In his article, Jim Lamm comments on a recent study that found that users don’t read Terms of Service Agreements and Privacy Policies, specifically citing that 98% of users missed the so-called “gotcha clauses” that the experiment creators had planted in their study. He summarizes the findings,

In their experiment,

Continue reading

How Lapsing A Life Insurance Policy With A Loan Can Cause A Tax Bomb by Michael Kitces

In a recent post, Michael Kitces discusses the very common and well regarded life insurance policies that many have but also the less often considered taxation of such policies. He explains,

However, while a life insurance loan isn’t taxable – nor is its subsequent repayment – the presence of a life

Continue reading

The Three Levels of Business Succession Planning by Julius Giarmarco

Julius Giarmarco of Giarmarco, Mullins & Horton recently presented at the Greensboro, North Carolina, Financial and Estate Planning Council, on the topic of business succession planning. His entire presentation for the seminar is available for download here.

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal

North Carolina Court of Appeals Affirms the Unconstitutionality of a State Income Tax on a Non-North Carolina Trust by McGuireWoods

In a recent legal alert, McGuireWoods summarized the case Kimberly Rice Kaestner 1992 Family Trust vs. North Carolina Department of Revenue. The post begins,

On July 5, 2016, the North Carolina Court of Appeals affirmed the Business Court ruling in the matter of Kimberly Rice Kaestner 1992 Family Trust v.

Continue reading

A Reading List of Tell-Alls, Strategic Plans and Cautionary Tales in Finance by Andrew Ross Sorkin

Andrew Ross Sorkin has curated a list of some of his top business and finance reads of the moment. Some of the highlights on his list include what he calls the most fun business book of the year, “Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley,” a book for deal … Continue reading

Center on Budget and Policy Priorities Report on Federal Estate Tax

The Center on Budget and Policy Priorities released a policy basics report earlier this month in which they explained that the federal estate tax has weakened for the past 15 years. This news comes despite beliefs that the tax has little effect on high income taxpayer’s saving and provides heirs with … Continue reading

AICPA’s Comments on Form 990 by Troy Lewis

Troy Lewis of the American Institute of CPAs has submitted comments on Form 990, “Return of Organization Exempt from Income Tax,” and the related instructions, pointing out that the definition of reasonable efforts in the glossary of the instructions no longer comports with the changes made to Schedule L in … Continue reading

The Goldilocks Strategy for Prudent Investors by David A. Levine

David Levine goes against conventional wisdom and presents a new strategy for long term saving that he calls the “Goldilocks” strategy: not too long and not too short. He explains,

Instead, to minimize the real risks we all face in meeting our unknown, long-term financial obligations, you need a different

Continue reading

IRS Rulings on Set-Asides and Grants

On July 1st the IRS issued three rulings regarding set aside programs and educational grants. They are as follows:

Number 201627005, Summary: The IRS approved a private foundation’s set-aside program and concluded that it had established good cause to extend the payment period for it, granting the foundation an extension … Continue reading

How to Get Better Returns on Savings by Ann Carrns

In her article, Ann Carrns discusses a way for some consumers to gain high returns on their savings via high yield checking accounts. She begins,

In its annual review of high-yield checking accounts, the financial website Bankrate found that the average yield at banks and credit unions was 1.65 percent, while

Continue reading

How Facebook Tries to Prevent Office Politics by Jay Parikh

In his article, Jay Parikh, global head of engineering and infrastructure at Facebook, shares five tips to prevent destructive office politics in any company. The tips he divulges are:

1. Look for empire builders, self-servers, and whiners in the hiring process — and don’t hire them; 2. Take the incentive out of

Continue reading

Small Business Investors Can Save Big with New IRS Code Amendments by William J. Sanders

In his article, William J. Sanders summarizes recent amendments to the 1986 Internal Revenue Code that significantly open up the tax savings opportunities under section 1202. Sanders explains,

Section 1202, which was originally added to the Code in 1993, provides relief from federal taxation for investors in small businesses. In particular,

Continue reading

Shifting Incomes for American Jobs by Nathan Yau

In his article, Nathan Yau comments on a change that is happening in American incomes. He begins,

With some occupations, people make more annual income than others. Obvious. But we typically see figures in terms of means and medians when in reality, the difference between the person who makes the

Continue reading
« Older posts