Author Archives: Evan

There are Many Ways to Commit Tax Fraud

There are Many Ways to Commit Tax Fraud

Most people assume that the only way to commit tax fraud is not to pay it or to lie on those documents.  However, in New York, and probably most other jurisdictions, there are numerous ways to commit tax fraud. Like the Federal Government, and most other States, New York is short on tax revenue and in… Continue Reading

The House Passes Estate Tax Bill to Freeze Current Exemptions and Rates

The House Passes Estate Tax Bill to Freeze Current Exemptions and Rates

In a vote closer than I expected the house passed, an Estate Tax Bill!  For all intents and purposes the bill freezes the Federal Estate Tax (Remember State Estate tax is different) so that every U.S. Citizen has a $3,500,000 exemption and anything above that amount is effectively taxed at 45%. The Bill passed 225 to… Continue Reading

How do the Morningstar Star Ratings Work? Are Morningstar Ratings Accurate?

How do the Morningstar Star Ratings Work? Are Morningstar Ratings Accurate?

I have discussed how I use the Free Morningstar Instant X-Ray tool, but Morningstar is more known for its mutual fund rating system.  Who hasn’t heard the terms, “5 Star Fund, 4 Star Fund, etc.” but what does that actually mean? How does Morningstar calculate the Star Rating System? Russel Kinnel, Morningstar’s Director of Mutual… Continue Reading

There were Never Good Ole Days When it Comes to Personal Finance

There were Never Good Ole Days When it Comes to Personal Finance

After speaking to The Wife’s grandmother for hours this past weekend, I have come to a conclusion about money management, the past and all those that say the world is different today.   The conclusion is best said by one of the best song writers around (10 points for all those that can tell me what… Continue Reading