There has been a lot of discussion lately about how to solve the crisis of rising health insurance and the growing number of uninsured. I don’t know about you, but none of the solutions sound very good to me. At best, universal healthcare seems to be marginally effective at best where it’s been implemented. Having people without health care in a society as affluent as ours is distasteful. The taxpayers footing the bill for those who can’t or won’t have health insurance is aggravating. Are there any good solutions? I think there is – but nobody is talking about it. Read more
Archive for Ensen Mason
13
Mar 2018
Tax Benefits And Credits: Planning And Saving For College
As a CPA, I am asked a lot of questions regarding tax benefits and credits for children. One of the more interesting questions I have heard is “Why do they take away benefits as the kids get older? They don’t cost less, they cost more – a lot more”. While I don’t really have a good answer, one thing I do explain is that there are different benefits and credits that apply to older children as it pertains to their college education.
One of the biggest decisions in a person’s life is what college to attend – or whether to attend at all. The decision and the subsequent attendance and performance will likely have more of an impact on their overall comfort and life style than any other event or decision in their lives.
07
Mar 2018
What Is The Best Age To Start Drawing Social Security?
Of the most common and most difficult questions clients ask me it when should they start their social security benefits. It is an important question in that social security represents a significant amount of money over the course of your retirement. The amount of money you have coming into your household each month will affect how you can spend your retirement years. It is a difficult question because one of the most important factors in the decision is unknown – how long you will be collecting it.
Read more
Current Articles
How To Get Rid Of IRS Tax PenaltiesYou may be able to get IRS tax penalty relief simply by asking for it. If you meet the criteria for first-time penalty abatement (FTA), reasonable cause penalty relief, or other types of penalty […]
Should A Loan-Out Be A “C” Corporation Or An “S” Corporation?Although many people in the entertainment industry have formed or converted their loan-outs to S corporations, the Tax Cuts and Jobs Act of 2017 (TCJA) changed some of the tax rules that affect these […]
Important Things To Know About Tax CreditsWith the tax filing season quickly approaching, the Internal Revenue Service recommends taxpayers take time now to determine if they are eligible for important tax credits. This is the second in a […]
Complimentary Tour Of Tax Calendar Thursday Nov. 14thYou are invited to a tour of the award winning tax calendar that keeps you organized all year around! This easy to use, high quality, low cost tax calendar is tailor made to manage all your corporate […]
From The Front Line: How A Routine Form 3520 Filing Can Easily Go Wrong – And Did!It is perhaps not surprising to hear that non-U.S. (or “foreign”) trusts with U.S. owners can be tricky… Individual U.S. citizens who hold such foreign trusts, for example, are […]
