Richard Streitfeld – Buddhist Mensch

Don’t Get Spooked

These items could give you nightmares if you are not careful: Miscalculating your Obamacare Subsidy Did you get hit with a penalty on your tax return, related to your health insurance? Explanation: Obamacare subsidizes your health insurance if your income is below a certain threshold. It upfronts the subisdy during the year, based on the
+ Read More

Richard Streitfeld – Buddhist Mensch

Withholding 101

I have a prosperous and intelligent — let’s say attorney — as a client. “Shirley” was experiencing some cash flow issues last summer so I took a look at her year to date income and withholdings and projected what her tax return would look like come April. The news was good —she had already met
+ Read More

Richard Streitfeld – Buddhist Mensch

Dumping on the IRS

“Why can’t I get through to the IRS?” Abandoned in Indiana  Try working for this company: Your budget has been sliced and diced, your workforce is 17% smaller than five years ago  and your computers are vintage 1985. Meanwhile the company is expanding sales at a rapid rate, and your newest products are more complicated than ever. That’s
+ Read More

Richard Streitfeld – Buddhist Mensch

You are Not A-Loan
DEBT, Debt, debt, DONE!
(as in Beethoven’s Fifth)

You know the story. Student loan debt, well over 1 trillion dollars, exceeds credit card debt and is crippling graduates — and in turn, the whole economy. I had a pediatrician in my office who was making well over six figures, owes $300,000 on her student debt and yet Sarah cannot deduct a dime of
+ Read More

1 2 3 4 5 6 7 8 9 10