The Inspector General of Social Security, Gail S. Ennis, recently released a warning to citizens about a caller-ID "spoofing" scheme misusing the Social Security Administration (SSA) Office of the Inspector General's (OIG) Fraud Hotline phone number. The OIG has received recent reports of phone calls displaying the Fraud Hotline number on a caller-ID screen.
Here are a few tips for saving on taxes for your rental properties. Did you know that the Tax Cuts and Jobs Act created a 20% tax deduction possibility? A new "Safe Harbor" has also been made for Section 199A rental properties. If you've wondered how to handle multiple rental activities and the 199A deduction, you'll find information on that here, as well.
Are your investments liquid or illiquid? When a holding is liquid, it simply means you can sell it anytime the market in which it trades is open for business, without losing your proverbial shirt in the exchange. If it’s illiquid, you cannot sell it, at least not for anything near what it’s worth.
Degrees of Liquidity
We all want what is best for our children. At an early age, we teach them to eat the right foods, we place them in the best preschools, we encourage them in grade school and high school, and we cheer them on when they excel in extracurricular activities.
Put another way, we want our children to succeed in all aspects of life.