Author: Alan Olsen

Republican Senator Wants to Reduce Capital Gains Taxes

Now that the republican-led congress has pushed the Tax Cut and Jobs Act (TCJA) through, it’s looking to continue the momentum. Next on the radar are capital gains taxes. And recently, republican senator Devin Nunes, from California, introduced legislation that would lower the amount

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States Taking the Federal Government to Court Over Tax Changes

The battle over the Tax Cut and Jobs Act (TCJA) continues and now two several states are taking the matter to court. One of the biggest controversies of the TCJA was the reduction of the state and local income tax

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New Tax Reform Could Change How Dependents Affect Your Taxes

For years, taxpayers have enjoyed a certain number of personal exemptions at tax time. If nothing else they could count themselves. If you were married and dependent children then the number of exemptions just kept going up. But now things

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Shareholders Pleased as Musk Decides Against Taking Tesla Private

Tesla’s CEO Elon Musk recently created quite a stir after suggesting he was considering taking his car company private. Things got even more serious last week when Musk hired Morgan Stanley to advise him regarding such a bid.  However, news broke early Saturday morning that Musk had abandoned the

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Corporations Are High on Buybacks, But What About Their CEOs?

Since the Tax Cut and Jobs Act went into affect this year many corporations, including several of the largest, have been actively and aggressively buying back stocks. In fact, based on company reports, corporations are buying stocks back at a record rate

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Are Taxes the Biggest Threat to Your Inheritance?

When a family member passes away there is always a lot to consider. Besides all the funeral arrangements, his or her estate has to be dealt with. That is often where things get messy. Taxes are always an issue when

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Is Prop 13 Protecting Californians From Big-Time Property Taxes?

Property taxes have long been a sticking point for people who own homes in California. Owning a home is not cheap. However, many property owners are discovering the benefits of a nice tax loophole known as Proposition 13.  Prop 13 places

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Does the Stock Market Suffer From Seasonal Affective Disorder?

Have you heard of season affective disorder (SAD)? It’s a real thing that many people suffer from. In fact, it’s estimated that 6 percent of the U.S. population suffers from SAD. Typically described as depression associated with the late fall

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Trump’s Tariff War: An Economic Summary 

On Friday, July 6th, 2018 new tariffs enacted by President Donald Trump went in to effect on $34 billion Chinese goods. These tariffs cover a range of goods but most importantly, include steel and aluminum. While this seems like an aggressive step by the Commander in Chief, it is anticipated there is

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IRS Stands Pat on Key Interest Rates

Interest rates are staying pat. That’s the IRS’s interest rates, not the federal interest rates. The tax agency announced rates for both tax refunds and late payments recently. And both rates will remain the same as they were in the previous quarter. 

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