Confessions of a Tax Preparer

By Paul Jacobs, CFP®, EA
March 18, 2010
In addition to preparing and reviewing tax returns for our clients, I also help some friends and family members with their taxes. Some of them have W-2s, some of them have small businesses and have to file a Schedule C, some of them have investment portfolios, but the one thing they all have in common [...]
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Ending My Company’s Health Care Benefit

By Larry M. Elkin, CPA, CFP®
March 17, 2010
Since I hired my first full-time employee 15 years ago, I have always offered to pay for my staff’s health insurance. Employees received the same protection my family enjoyed, and if an insurer made life too difficult for anyone, we all switched. This will soon change if the House of Representatives approves the health care overhaul [...]
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A Good First Step On Earmarks

By Larry M. Elkin, CPA, CFP®
March 16, 2010
It isn’t exactly unilateral disarmament, but House members from both parties have voluntarily put down one of their big guns in the annual battle over $1 trillion in federal discretionary spending. They deserve some credit for it. House Speaker Nancy Pelosi and other Democratic leaders, with the support of their party’s caucus, decreed last week that [...]
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Kicking The Umpire Out Of The Game

By Larry M. Elkin, CPA, CFP®
March 15, 2010
When Greece raised 5 billion euros (nearly $7 billion) in the bond market earlier this month, it had to offer investors an interest rate of 6.25 percent – nearly double what fellow European Union member Germany pays to borrow money. The difference is that the Greek government’s finances are, as we noted here months ago, a [...]
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Granting Asylum From An Ally

By Larry M. Elkin, CPA, CFP®
March 12, 2010
Like many before them, Uwe and Hannelore Romeike uprooted their family and moved to the United States, seeking asylum and the freedom to practice their beliefs. But the Romeikes’ situation is unique. They did not come from a country ruled by a repressive, dictatorial regime, but from a modern Western democracy. The German couple appealed to [...]
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When The World Suddenly Changes

By Larry M. Elkin, CPA, CFP®
March 11, 2010
Every once in a while, we wake up to discover that our world has changed overnight. That was certainly true for many people on the West Coast on Sept. 11, 2001. The first aircraft involved in that day’s events struck the World Trade Center at 5:46 a.m. Pacific time. By the time most people in the [...]
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So Long, Charlie

By Larry M. Elkin, CPA, CFP®
March 10, 2010
Last week, the ethically challenged Rep. Charles Rangel, D-N.Y., asked Speaker Nancy Pelosi for a temporary leave of absence from his position as chairman of the House Ways and Means Committee until the ethics committee finishes its investigation of him. Given the number of Rangel’s alleged missteps, that could be awhile. The former chairman, who led the [...]
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Job-Search Carpet Bombing

By Larry M. Elkin, CPA, CFP®
March 9, 2010
A smartly dressed young woman walked into our Fort Lauderdale office a couple of weeks ago, unannounced, and handed her resumé and cover letter to Melinda Beckmann, our newest associate. “Dear Hiring Manager,” she wrote, “I am very interested in applying for the career at your Corporation. My education and experience has previously added value to [...]
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Ignore Those Numbers Behind The Curtain

By Jonathan Bergman, CFP®, EA
March 8, 2010
Last week, Larry Elkin commented here about the report by the Pew Center on the States that revealed a $1 trillion funding gap between what states have promised in retirement benefits to public employees and what they have actually set aside to meet those obligations. The report made it clear that the situation is bad, but [...]
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Making Good On A Promise

By Larry M. Elkin, CPA, CFP®
March 5, 2010
The Sixth Amendment guarantees the accused a right “to a speedy and public trial” and to “the assistance of counsel.” But for many defendants, a trial is never really an option. While statistics vary by jurisdiction, the Department of Justice reports that about 95% of all convictions in the United States result from a guilty plea. [...]
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