Lawsuit alleges ‘online currency’ scam – Here’s how a classic privately run Ponzi Scheme is run. As always, I have a hard time coming up with sympathy for people stupid enough to believe that there is such a thing as a safe and legitimate investment producing guaranteed monthly returns of 30% to 40%.
Lawmakers Look to Tax Cosmetic Surgery – Rulers in some states are equating this idea as just another sin tax, no different from taxes on alcohol, tobacco, and gambling.
Can an S-Corp Help Avoid Certain Taxes? – While I agree that LLCs are often better than S corps for owning investment properties, I can’t stress enough how important it is to get competent professional advice about the type of entity before setting one up. Every day, I receive emails and see messages on the online discussion boards from people who set up a corp or LLC without the foggiest idea of what they were getting into. Doing things that way is no different than jumping off a bridge before checking the depth of the water ahead of time.