Quartermaster Tax Management specializes in reducing tax liability up to 50% for Small Business Owners, Chiropractors, Dentists, Property & Casualty Agents, Network Marketers and Others ALL WITHOUT CHANGING CPAs. Over the past five years our clients have averaged 48% in annual tax reduction and with no change to their standard of living. While every business and every family is different, we can typically determine a potential tax savings range
Your kids have finally finished eating their Halloween candy, which means that the real holidays are right around the corner. But before you sit down to open presents, December 16th marks the 244th anniversary of an important holiday in tax history — a pop-up costume ball in Boston Harbor called the Boston Tea Party.
A will is often the cornerstone of an estate plan. Here are five things you may be able to accomplish with a will:
Distribute Property as You Wish
Wills may enable you to leave your property at your death to a surviving spouse, a child, other relatives, friends, a trust, a charity, or anyone you choose. There may be some limits, however, on how you can distribute property using a will. For instance, your spouse may have certain rights with respect to your property, regardless of the provisions of your will.
Two hundred and forty one years ago, we declared our independence from Mother England — over taxes, of course. But here on our side of the pond, we've never completely lost our affection for all things British. We applauded as the Queen celebrated her 70th wedding anniversary. Netflix fans who just finished binge-watching Stranger Things are eagerly awaiting Season Two of The Crown. And now we've learned that Prince Harry and his longtime girlfriend, actress Meghan Markle, are getting married in May.
Charlotte, NC – 11/28/2017 – Don Rasmussen, CTS, CAP, Quartermaster Tax Management completed his semiannual training with America’s IRA Experts at Ed Slott and Company, LLC in Kansas City, Missouri October 26-27, 2017. The workshop, which was attended by members of Ed Slott’s Elite IRA Advisor GroupSM, provided in-depth technical training on advanced retirement account planning strategies, estate planning techniques and new tax laws, including a special focus on Roth IRA planning, as the 20th anniversary of the Roth IRA is January 1, 2018.
April 15 hasn't always been the national exercise in self-flagellation that it is today. Up until the 1940s, you could just waltz into your local IRS office and they would do your taxes for you. But those days have long since passed. You're still welcome to do it yourself, if you need more stress in your life. But how will you know if you're paying too much? Even software like TurboTax can't guarantee you'll get it right. If you don't know how to use it, the program just helps you make the same expensive mistakes faster than when you made them with paper and pencils.
They say that "what goes up must come down." But that's not true when it comes to college costs. U.S. News reports the average private college tuition stood at $16,233 back in 1997-98 — roughly $24,973 in 2017 dollars. But the same tuition today costs $41,727. And that's before pricing in luxuries like, you know, meals, and a place to sleep. In-state college costs are rising even faster as legislatures cut budgets for higher education. That means colleges are increasingly turning to alternate funding sources, including their endowments.
In today's new Gilded Age, Americans are constantly vying to one-up each other. You show up at your high-school reunion in a new Mercedes E-Class; then your classmate pulls up in a Maserati Quattroporte. (Some would call it a $50,000 car with a $50,000 hood ornament, but still, it's a Maserati.) You show off a picture of your 42-foot sloop; your neighbor whips out his phone to show off his 62-foot schooner. You show up in Davos in your new GII; your business rival flies in on a GIV. When will it all end?
As you know the term “subluxation” is used by doctors of chiropractic to depict the altered position of the vertebra and subsequent functional loss which determines the location for Chiropractors to perform a spinal adjustment.
When a person has a subluxation of the spine it has caused functional loss and pain. For most Chiropractors when it comes to the subject of taxes we look at tax subluxations as the lack of effective tax planning. This, in turn, creates financial loss and pain with an unnecessary overpayment of taxes.
Former President Jimmy Carter once called our tax code "a disgrace to the human race," and there's really not a lot to like about it. There's at least some consolation, though, in the fact that we're all stuck with the same maddening rules. If you and your spouse file jointly, and your ordinary taxable income is $100,000, you'll pay the same amount as any other joint filers reporting the same $100,000 in ordinary taxable income.
And that brings us to this week's story . . .