Joshua Tree Enterprises

Sign Up for Newsletter

Find recent content on the main index or look in the archives to find all content.

A Modern Glossary for Workplace Survival

TrackBacks (0)

Stanley Bing at the Wall Street Journal has published an article listing some helpful terms to know for navigating the office.  The list covers everything from administrative assistant to networking to reply all.  In his words, the list helps those...

Continue reading "A Modern Glossary for Workplace Survival"

Recently, there have been an increasing number of judicial review challenges to the legality of tax information production notice and orders issued under Tax Information Exchange Agreements (TIEAs).  As such, the issue has garnered more attention from courts in countries...

Continue reading "Tax Information Exchange Agreements Under Judicial Scrutiny"

Three Critical Nontax Items

TrackBacks (0)

As it happens, tax season is also a great time to do an annual financial checkup.  Three essential nontax items retirees should review are core holdings, long-term care coverage, and their estate plan.  Core holdings should be about 10 percent...

Continue reading "Three Critical Nontax Items"

The Wall Street Journal explains a critical distribution rule for traditional IRA investors who just turned 70 and 1/2 years old last year. Generally, IRA investors between age 59 1/2 and 70 1/2 can freely take out any amount from...

Continue reading "Understand IRA Distribution Rules or Face Stiff Penalty "

Another To-Do-List For Newborns

TrackBacks (0)

The Wall Street Journal added another thing for to-be-parents to ponder about: their newborn's health insurance. Doctors recommend to insure babies within 30 days of birth, as the relevant federal rule requires insurers to provide the newborns signed within 30...

Continue reading "Another To-Do-List For Newborns"

Many of the country's large banks are bring scrutinized for reshuffling the charges of customers' daily purchases, leading to more overdraft accounts. This practice of processing the largest transactions first, even when they occur after small transactions, makes it...

Continue reading "Banks' Reordering of Customer Transactions Cause Hefty Overdraft Bills"

In 2013, Pennsylvania passed an amendment allowing taxing districts to enforce tax liens on individuals as well as real property.  A claim for a tax lien can be filed against an individual owner of property.  The claim then becomes a...

Continue reading "Pennsylvania Allows Real EstateTax Liens on Individuals"

Eight Realities of Family Business Succession

TrackBacks (0)

The Wealth Strategies Journal has posted a new article entitled "Eight Realities of Family Business Succession" by John J. Scroggin.You may read the article here.Posted by Lauren Schaffer, Managing Editor, Wealth Strategies Journal...

Continue reading "Eight Realities of Family Business Succession"

Borrowers currently face daunting prospects of having to incur tax obligations on any debt relief received from banks holding mortgages on their property. If Congress decides not to renew the Mortgage Forgiveness Debt Relief Act of 2007, underwater homeowners...

Continue reading "Debtor Mortgagors Face Potential Tax Liabilities for Mortgage Relief"

An innovative approach to individual retirement savings is the use of funded ratios, which are particularly useful methods for adjusting spending for "longer-than-expected" life-spans. This type of saving and spending calculation is beneficial for those living in affluent areas...

Continue reading "Saving and Spending for Long-Term Stability Through Funded Ratios"

Take Advantage of Automatic Filing Extension

TrackBacks (0)

If you will not be able to properly file your tax return by the April 15th deadline, a valuable strategy is to make an estimated payment and obtain an extension to file your tax return.  As Robert W. Wood writes...

Continue reading "Take Advantage of Automatic Filing Extension"

Checklist for Offshore Assets

TrackBacks (0)

By asking yourself a list of questions, you may be able to identify if you have any offshore assets subject to disclosure and filing obligations.  These questions cover potential FBAR, Form 8938, Foreign Gift/Trust, Controlled Foreign Corporation or Partnership, and...

Continue reading "Checklist for Offshore Assets "

Paying for Grandchildren's College Education

TrackBacks (0)

This article made three suggestions for grandparents planning to pay the college education costs for their grandkids as follows:1. Make tuition payments directly to the school. 2. Create grantor and Crummey trusts. 3. Put funds into a Section 2503(c) minor's trust. See Gerry...

Continue reading "Paying for Grandchildren's College Education"

On January 30, 2014, the Treasury Department issued proposed regulations under Section 752 of the Internal Revenue Code addressing partnership liabilities and under Section 707 of the Code relating to disguised sales of property. The proposed section 752 regulations...

Continue reading "Proposed Regulations Could Impact Partnership Tax Deferral"

On January 30, 2014, the Treasury Department issued proposed regulations under Section 752 of the Internal Revenue Code addressing partnership liabilities and under Section 707 of the Code relating to disguised sales of property. The proposed section 752 regulations...

Continue reading "Proposed Regulations Could Impact Partnership Tax Deferral"