Richard Streitfeld – Buddhist Mensch

Back to School Edition
(Get Schooled By The Zen Mensch)

Q: How can I save for Molly’s college AND my retirement ? –Yale Mary, No Haven, CT A: Most of us cannot. It helps if you marry young, have two stellar jobs with pensions, produce 1.7 genetically modified children with perfect grades, and have an inheritance from Granny. Even then, it’s virtually impossible to guarantee
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Richard Streitfeld – Buddhist Mensch

Stay In Your Groove
(Keeping Records Without Going Off Track )

Q: How long should I keep tax records? B. Madoff, investor A: In general it’s advisable to save documentation supporting your tax return for seven years. The IRS generally has three years from the date of filing to audit your return, but up to seven if it suspects you under-reported your income. If you didn’t
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Zen Mensch Accounting

Om Vey! Q And A with the Zen Mensch CPA
(Mindful Answers, What’s Not To Like?)

I’m aqua-phobic and I always pay my taxes on April 15, unless it’s raining. Wait a month and I ALWAYS receive a penalty notice from the IRS.  Why is my CPA screwing up and why haven’t I switched? Your tax return is due April 15, but taxes must be paid throughout the year, whether you are paid
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Zen Mensch Accounting

Intelligent Divorce
A Practical Peace

You have been fighting for years and he is evasive about money. Of course you ARE right — he cannot be trusted. But that does not mean there is a treasure of gold in his beat-up pick-up truck. She did NOT declare those yard sale earnings on her 1992 tax return. Because she under-reported her income, does that
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