Taxes and Investing

The Master Archive!

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How to Lose a Million Dollars in a Day

By Keith Schroeder / September 15, 2017 / 11 Comments

There is an insidious side to the FIRE (financial independence, retire early) community nobody wants to talk about. I was aware of this issue for some time as the owner of an accounting practice. What I found most disturbing is how blatantly bloggers and talking heads in the demographic keep giving advice that will lead…

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Problems with Owning Individual Stocks and Index Funds at the Same Time

By Keith Schroeder / September 13, 2017 / 8 Comments

When you begin your journey towards financial independence you can’t imagine some of the problems along the way. Investing starts out larger than life and scary until you see how simple index funds make investing in large successful companies is. Before long you have a large nest egg in your 401(k) and IRAs. Eventually your…

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It Pays to Have a Hobby

By Keith Schroeder / April 12, 2017 / 11 Comments

The demographic reading this blog does the things necessary to retire early. The same demographic believes in a side hustle to retire even earlier or to fill time once work becomes an elective. These facts make hobby rules an important consideration. The tax law has a massive loophole few use. Accountants in the room will…

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Never Miss a Charitable Deduction Again

By Keith Schroeder / March 31, 2017 / 8 Comments

The Wealthy Accountant is turning into a vibrant community. Readers share their stories helping me do my job of teaching you, kind readers, how to live a joyful life without money problems. Readers also do things your favorite accountant cannot. For example, you would never ask me anything about IT. On my best days I…

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Applying Cost Segregation on a Tax Return

By Keith Schroeder / March 27, 2017 / 0 Comments

A few weeks ago I wrote about the massive tax benefits to investment property owners and business owners who also own commercial real estate using a cost segregation study. Some of you took me up on the offer and now are up for a significant tax reduction. Then the problems started. I didn’t anticipate the…

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Stop Paying Your Quarterly Estimated Taxes!

By Keith Schroeder / March 22, 2017 / 1 Comment

  When life is good the revenuers have a way of raining on the parade. A large year-end bonus, mutual fund distribution, or large year-end sale at your business can crimp your tax situation in more than one way. A quick call to your accountant gives you the answer: Make an estimated tax payment. But…

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Why Trade Wars Never Work

By Keith Schroeder / March 17, 2017 / 1 Comment

An old nemesis has returned to the United States and other nations around the planet: protectionism. These leaders, and the voters who bought their snake oil, falsely believe protecting their borders by building walls, taxing imports, claiming currency manipulation and threatening to dissolve trade agreements will bring jobs back home. They’re wrong. What these well-intentioned…

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Here is How You Can Piss Off Donald Trump

By Keith Schroeder / March 3, 2017 / 9 Comments

Disclaimer: This is not a political rant! The time is ripe for this message and Trump happens to be President. It is meant as satire wrapped around a serious message you must follow or suffer the financial consequences. Nothing is more fun than good times. The recent run in the stock market in nothing short…

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