Earlier this week the IRS released the new basic tax table adjustments… think of this as inflation adjusting tables and certain rates. You may notice not all adjustments are inflated at the same rate… Ex. Annual Gift for 2025 is…
While we can certainly take shots at the conclusion of these, and many may disagree with the total number in each category, it is interesting that there is no overlap. At first glance, maybe surprising, upon further thought not surprising…
This week was RMD week as we trued up any shortages for those on monthly distributions, made many RMD’s for non Required to even out taxes over the years and made one time journals and deposits for regular RMD mandated….…
The Social Security Administration (SSA) recently announced the Cost of Living Adjustment (COLA) increase starting in 2025 for those receiving Social Security benefits… Copilot created this nice chart of the last quarter century COLA adjustments…. The lockdown years inflation, which…
Today is a strange day for Capital Markets and the Financial system for that matter…. Money will not move due to the Government wire and banking system being off…. Capital Markets are open, but everyone would expect a sleepy day…
On Monday of this week we posted a heads up about new LLC laws passed that force identification information from FINCEN (Financial Crimes Enforcement Network) – as the name sounds this entity is looking for bad guys… With an uproar…
As we finished the Third Quarter of 2024, the next part of this most interesting economic cycle commenced. While we were able to stay away from the interest rate discussion in the Newsletter, completely, it was not easy. So here…
Cutting to the chase for those short on time! As of right now, there is a major deadline of 12-31-24 for filing an identity report (our coined name) for anyone associated with an LLC (owner, shareholder or person of authority).…
Not including a rouge phone call that sounded very real but was not …. We were exposed to two very good Scams this week…. Fake Letter …but looked real and name similar to a large medical company Yours truly received…
Q 3 2024 J.K. Financial, Inc. Newsletter
