Yearly Archives: 2013

Mo Money Means Mo (IRS) Problems

I have always assumed that with an increase in income, especially business based income, increases your risk to an audit from the Internal Revenue Service.  My thought process is that it just makes good business sense.  Even if they found a W2 employee making $50,000 cheating on their taxes it doesn’t really matter because it

Updating My Dividend Watchlist

For the past few years every few months I have updated my dividend watch list (last dividend investment portfolio update April 2013). I recently decided since this account is moving up in terms of a priority (i.e. I am depositing more and more money into it) I should update the watch list every month to

How Much Do We Really Know About the Businesses We “Know?”

Was watching a special on CNBC on Marriott and was shocked to learn that Marriott doesn’t actually own many hotels.  Rather Real Estate Investment Trusts and other companies own the hotels and pay Marriott to manage them! That reminded me of two shocking about two product ownership flow charts I have seen: Who actually owns

May 2013 Net Worth Update

Had a pretty good month money wise, but it was mostly because I got a larger than average tax refund.  On the one hand I am bothered that I am giving the government a tax free loan, but on the other, it feels freaking fantastic to get an unexpected lump sum deposited into my checking

An Unusual Way to Create an Amazing Legacy

I came across this amazing and unusual estate plan where the a family created a credit union for heirs only.  Forget having to worry about gifting or tax ramifications of intra-family loans this a legitimate credit union where, according to the CBS’ article, For a $5 deposit, plus a 25-cent handling fee, you become a member