by Steven J Weil, PhD, EA, LCAM | Oct 23, 2019 | First Time Home Buyer IRA
Important Crypto Virtual Currency Update The IRS has issued guidance on the federal income tax treatment of hard forks (protocol changes to cryptocurrency that result in a permanent diversion from the legacy distributed ledger) and airdrops (distributions of...
by Steven J Weil, PhD, EA, LCAM | Oct 16, 2019 | First Time Home Buyer IRA
10/16/2019 — The IRS is not kidding around when it comes to crypto and other virtual currency and tokens! It can easily be seen just how hard the IRS is working to get a handle on these transaction by taking a look at the draft copy of the new 2019 Schedule 1....
by Steven J Weil, PhD, EA, LCAM | Oct 8, 2019 | First Time Home Buyer IRA
Thinking about starting a business? Here are some tips you may want to consider before investing your time and money. Are you doing it for the right reasons? Many times, people tell me they are thinking about starting a business so they can work less, not have a boss...
by Steven J Weil, PhD, EA, LCAM | Sep 6, 2019 | First Time Home Buyer IRA
Question: “Does it make sense to convert my IRA to a ROTH IRA?” Answer: We need a lot more information to answer that question. The answer will depend on your marginal projected tax rate for the year, along with your projected marginal tax rate at retirement. It also...
by Steven J Weil, PhD, EA, LCAM | Aug 21, 2019 | First Time Home Buyer IRA
Would your business be safe from the reclassification of independent contractors to employees if the IRS or Department of Labor (DOL) decided to audit your use and classification of independent contractors? As the cost of having employees has increased over the years,...
by Steven J Weil, PhD, EA, LCAM | Aug 16, 2019 | First Time Home Buyer IRA
First time home buyers can take up to $10,000 from an IRA without being subject to the 10% early withdrawal penalty. Beware that this exemption to the early withdrawal applies only to IRAs and not to 401(k)s or other retirement plans. This was recently...
