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By Wiley Long Learn how to use your Health Savings Account durning the different stages of your life. Health Savings Accounts have a wide variety of usage, and depending on how old you are dictates how you should use your Health Savings Account. HSA-qualified health insurance plans are exploding, growing by 30% in just the past year.  Contrary to statements by those who wish for universal healthcare, Health Savings Accounts are not just for the rich.  In fact, HSA owners range from 2
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US Constitution by KJD On this Independence Day, let us not just remember those who died that America might have its freedom, but also what they died for.  The truest respect for sacrifice is not to hold a parade, to speak of gratitude or to say fond words; no, the truest respect is to value that which the dead fought for and to continue their fight. America’s founders fought for freedom, we’re told, and there’s a lot of truth to that, though it wasn’t, then, freedom for all.  In the contex
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In these post-crash days, many people who have been cast adrift from their day jobs are working rapidly to establish new ways of making their income. However, it’s not wise to simply jump head-first into establishing a new business without assessing the tax responsibilities that will present themselves. One of the best ways to mitigate those burdens is to establish your new business as a partnership. In this article, we will examine how the U.S. tax code treats business partnerships and how you
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The Director General of the BBC, Mark Thompson, has suggested that the BBC licence fee might one day be lumped in with general taxation such as the council tax or via a levy on electricity bills because more people are avoiding paying it by watching TV online. The Daily Mail says that this would cause concerns that the BBC’s independence might be compromised if it was to be funded through general taxation.  I think that on the planet on which the Daily Mail is based, the BBC isn’t really an
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by Anne Durrell If you are working on your taxes or talking to someone that is in the business of tax preparation, you will hear the talk about IRS Publications. IRS Publications is a book sized instructions as well as data on a very specific things in the tax world that take lots of explaining because they are composed of many interrelated parts of taxation. In addition, almost all forms are covered by or in a publication. It looks like the US government way to under simplify things. Gr
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Ahhh, accounting. My love, my life, my paycheck. Some of you who read Jr Deputy Accountant often but do not know me personally or care to reach out (though you are always encouraged to do so - especially you, Credit Suisse and JP Morgan shhhh did I just call you out? Yes I did. Say hello. I don't bite, I promise) may not know this but I am not a CPA nor do I have any desire at this point in my life to become one. I could certainly pull a 99 on each section of the CPA exam given the fact that I
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Press Releases June 30, 2009 OTS 09-036 – OCC and OTS Release Mortgage Metrics Report for First Quarter 2009 Joint Release Office of the Comptroller of the Currency Office of Thrift Supervision For Immediate Release June 30, 2009 WASHINGTON — Delinquencies and foreclosures on first-lien mortgages continued to increase during the first quarter of this year, but loan modifications also increased and the trend continued toward more sustainable modifications with lower month
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Press Releases June 30, 2009 OTS 09-036 – OCC and OTS Release Mortgage Metrics Report for First Quarter 2009 Joint Release Office of the Comptroller of the Currency Office of Thrift Supervision For Immediate Release June 30, 2009 WASHINGTON — Delinquencies and foreclosures on first-lien mortgages continued to increase during the first quarter of this year, but loan modifications also increased and the trend continued toward more sustainable modifications with lower month
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Doesn't the title of this story from CNNMoney.Com make you feel all warm and fuzzy inside? "White House Staff Safe From Obama Tax Hike." I bet you were biting your fingernails in worry about whether White House staffers would be hit with the higher taxes that President Obama promised would only happen to those making over $250,000 per year. Here is the "reassurance" from CNNMoney that the White House staffers won't be burdened by higher taxes due to Obama's sacred pledge: WASHINGTON (CNN
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WAS AMERICA SOLD? By Nancy Levant July 3, 2009 In 1992, George H.W. Bush signed Executive Order 12803, which gave D.C. the authority to sell America’s infrastructure. They called this authority “Infrastructure Privatization.” E.O. 12803 tells us this power cleared the way for the “disposition or transfer of an infrastructure “asset” such as by sale or by long-term lease from a State or local government to a private party.” E.O. 12803 also lists examples of America’s saleable and/or le
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