24 Apr
April 24, 2018

Yes, that is Pease, not peace.

Donald Pease was a Congressman from Ohio who inserted a “stealth tax” into the Omnibus Reconciliation Act of 1990. The purpose of this Pease limitation was to raise revenue by limiting itemized deductions for high income earners.

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17 Feb
February 17, 2017

You want to help your child buy a house, while ensuring that you do so in a tax-smart way. While you may have the best intentions, helping out in the wrong way can cause you or your child, or both, to lose tax benefits.

So, what’s the best way to assist your child in buying a home?

The good news is that there are several strategies for helping your child that also preserve tax benefits related to home ownership. Two considerations are

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26 May
May 26, 2015

“The desire of gold is not for gold. It is for the means of freedom and benefit.” – Ralph Waldo Emerson.

Radio and TV ads for buying gold tout the “get rich quick” theme and prey on the fears of those concerned about geo-political events. But they don’t talk much about the adverse tax consequences.


By “gold,” the IRS means gold coins, gold bars, or gold bullion. This also includes Exchange

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11 Mar
March 11, 2014

A few days ago, I was surprised to read that the estate of former actor James Dean is suing Twitter because a fan is posting under the Twitter handle “@JamesDean.” I was surprised because James Dean died in 1955, and 59 years later his estate is STILL open! In fact, Forbes magazine reported in 2004 that Dean’s estate was earning about $5 million per year.

It’s not unusual for an estate to remain open. In my book When Life Strikes: Weathering

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27 Aug
August 27, 2013

Whenever I hear anyone say, “Trust me,” my instincts are to run! It’s a sure sign the person cannot be trusted. How can you know whether to trust someone? More specifically, how can you as an investor gain the confidence to put your faith in a financial advisor?

Politics and religion are two subjects we generally avoid. But sometimes it is inevitable these topics become part of the conversation. For example, it is difficult to discuss the economy and markets,

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26 Nov
November 26, 2012

The answer, as with most tax and investment questions posed to advisors, is…it depends.

As many investors are aware, Congress and the Administration are negotiating tax law changes in light of the impending “fiscal cliff.” No one knows for sure what the new rates will be for 2013, so it is impossible at this point in time to make a definitive statement. We do know that beginning January 1, 2013 there will be a new 3.8% tax on investment income (including

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