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Year: 2021

Not All Property in Mexico Is Treated Equally

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Last Modified on Jan 31, 2023

Property, for example, in the more desirable coastal regions are generally not open to ownership by non-Mexican citizens. That does not mean, however, that a United States citizen cannot own an “interest” in one of these beautiful towns or villages. Through an arrangement called a “fideicomiso”, a United States citizen, even a United States company… (Keep reading)

The IRS Is Focusing on Virtual Currencies or Cryptocurrencies, Such as Bitcoin, Ethereum, and Dogecoin

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Last Modified on Dec 30, 2021

In 2014, the IRS issued Notice 2014-21, 2014-16 I.R.B. 938, explaining that virtual currency is treated as property for Federal income tax purposes and providing examples of how longstanding tax principles applicable to transactions involving property apply to virtual currency.   Since the IRS classifies cryptocurrencies like stocks and other investments, not cash or currency.  Therefore,… (Keep reading)

Opportunity for Year End Tax and Asset Planning

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Last Modified on Mar 12, 2025

First thing, of course, is be prepared.  I tell everyone who will listen to do their financial and or tax planning on a monthly if not weekly basis.  This will allow you to know where you stand financially and what taxes you owe at that moment so you can plan for the future. Look at low interest… (Keep reading)

What Are the Four Basic Types of Wills?

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Last Modified on Jul 10, 2023

If you are in the process of planning your estate, then you must understand what types of different wills exist to ensure your wishes are carried out. While the process of estate planning can be overwhelming, learning about the different types of wills available can help make the process easier. Simple Will A simple will… (Keep reading)

What Does Estate Planning Mean?

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Last Modified on Jul 10, 2023

If you are like most people, the term “estate planning” may conjure up images of wills and trusts. However, estate planning encompasses much more. It’s vital to understand the full spectrum of estate planning to begin preparing for your future and that of your loved ones. Estate planning can help ensure that your family will… (Keep reading)

Wildfires

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Last Modified on Sep 15, 2021

Every year around this time it seems that there is one wildfire or another that is being reported in the news.  Wildfire smoke is a mix of gases and fine particles from burning vegetation, building materials and other materials.  The air fills with smoke and even the healthiest person can be affected from it.  Breathing… (Keep reading)

What does it take to be successful in business?

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Last Modified on Sep 01, 2021

A question that I get asked at least once a week. The answer is predicted on many factors and those factors may be similar for many of us and/or totally different for all of us. Usually people desire to partner with another thinking the synergy will be great. Be careful it can and cannot be…. (Keep reading)

How a Quit Claim Deed works.

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Last Modified on Aug 25, 2021

A Quit Claim Deed is used to transfer ownership of real property. The grantor (owner of property) will transfer ownership to grantee (the person receiving the interest).  When the quit claim is fully executed the grantor has transferred all their interest in the property.  A quit claim does not contain any warranties to the grantee…. (Keep reading)