Tag Archives: Tax Fraud

March 2016 Video, Monthly Review, Tax Tip By John Kvale

What a different a month (or two) can make. Here is our March 2016, all new…trendy format Monthly Capital Market Review and last minute tax tips, along with a Video for your viewing and listening pleasure. Hope you are enjoying!

 March 2016 Video

 

 

Final Reminder Tax Tip

As Moto Moto said in Madagascar, these tips are so good we had to say them twice!

Our favorite tax savings ideas that still work for last year (2015 taxes):

  • Itemize your standard tax deduction
  • HSA- Health Savings Account
  • Fund an IRA
  • Simplified Employee Pension – SEP deduction/contribution against non W-2 income (1099)

Tax Fraud Alert

As noted here, last month we had our first incidence of fraud in February. We are now up to 9.5 so far, as we have one incident that we think was fraud, but could not be proven!

Be sure to keep your guard up!

 

Economic Update

PMI Manufacturing Index

PMI  (Definition: The ISM manufacturing composite index indicates overall factory sector trends. The relevance of this indicator is enhanced by the fact that it is available very early in the month and is not subject to revision.) Graph from our friends at Econoday.

Less than 50 is contraction, greater than 50 is growth.

3-31-16 PMI from Edonoday

Employment Situation

While there was a small increase in unemployment claims late in March, the overall employment picture, via hiring, as can be seen below, again from our friends at Econoday, remains steady. It is worth noting, these reports can be volatile.

3-31-16 Employement Situation from Econoday

Capital Markets Update

Updated Support and Resistance

This Graph, included in our Newsletter, shows the updated Support and Resistance lines and levels of the current market.

As mentioned in our Yellen Speaks post, after telling capital market participants that slower rate increases were more likely (late 2015 she told the world to expect four increases, now only two) capital markets smartly broke through the lower upper resistance. Now, can we go to new highs ? Maybe …

Never go all in or all out !

3-30-16 S&P Chart

Oil and Market Correlation Chart

For those that think oil does not affect the sentiment and capital markets, look at this chart from Liz Saunders :

3-31-16 S&P Crude correlation

Sorry for the motor mouth/fingers … there were a lot of moves worth noting, especially very near the end of the month !

Have a Great Day!

See you again at the end of April !

John A. Kvale

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
JK Street Cents Logo

February 2016 Video, Monthly Review, Tax Tip By John Kvale

Here is month two of our New Formatted monthly review along with a short video that goes into greater details. Hope you are enjoying!

 February 2016 Video

 

Financial Planning Tax Tip and Updates

As noted here, we had our first incidence of fraud in February. Be sure to keep your guards up.

Our favorite tax savings ideas that still work for last year (2015 taxes):

Taxes

  • Itemize your standard tax deduction
  • HSA- Health Savings Account
  • Fund an IRA
  • Simplified Employee Pension – SEP deduction/contribution against non W-2 income (1099)

 

Politics: Trump V Hillary ?

Should be interesting as we get into the big states in March …

Favorite Quote from Ian Bremmer ..Ian_Bremmer,_2014

On visiting with 20 of the top 100 CEO’s in Davos, EVERY single one told Bremmer …

“Our company will make no major changes whoever is elected President later this year !”

 

Capital Markets: Support and Resistance

While the headlines and the ride has seemed wild from a market perspective so far this year, the reality is that US markets are bouncing back and forth within a very defined range.

The bottom of this range is a very distinct 1810 (stopped twice, right on it, and turned around) on the S&P 500 with the upper as marked in the chart.

Is the third time a charm? Very possibly ..

2-29-16 SP 500 chart w H Resistance lines

 

Have a Great Day!

See you again at the end of March !

John A. Kvale

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

 

 

My Identity stolen a third time ??? Yep … Friday

As a financial advisor we drink the EXACT same cool aid we have for clients   … Same investments, same conservative philosophy, long-term thinking, tax strategies, generally optimistic, but skeptical when necessary  … and well … I guess the same identity theft some have experienced lately!

On Tuesday of this week, I was notified by the IRS by mail, not just once, but two lovely envelopes, stating someone was trying to file taxes (not me) and there was a conflict. (Nothing associated with the office, all info from my home/personal address)

Wow… TWO TIMES … Does that mean two different people are trying, or just the same person twice ? I will let you know when I know! thief

Needless to say, keep your guards up!  Here , here and here are a few of our articles on this, which of course I have heeded myself!

Ahhhh, but today is a Friday and I am on the road for a short but fun trip out-of-town and back. Do not forget to spend time with those special in your life … Talk to you next week!

Get back cyber criminals!

John A. Kvale CFA, CFP

http://www.jkfinancialin.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225