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Last Thursday, Taylor Larimore sent me a copy of his new book, “The Bogleheads Guide to the Three-fund Portfolio.” Saturday morning, I read Larimore’s book. And that read prompts this short blog post. I want to provide a quick book review and then make a couple of comments about Larimore’s body of work. The Problem […]

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There’s a right way and a wrong way to deal with inherited IRA accounts. And in this blog post, I want to talk in general terms about the right way to handle inherited IRA accounts. I will also point out some other resources you can tap for more detailed information. TIP #1: Take RMDs from […]

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A reader of our “Maximizing Sec. 199A Deductions” monograph recently e-mailed to ask about the Sec. 199A Sec. 1031 connection. His question? How do you handle the Sec. 199A deduction for income generated by property acquired through a Sec. 1031 “like kind exchange.” The question is a really good one. And it points out—as the […]

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This blog covers practical, how-to subjects relevant to small business owners. We talk here about how to handle accounting problems, deal with technical issues like taxes, and make smart managerial and financial choices when you’re a small business owner or entrepreneur. Further, we avoid subjects like politics and religion. Those topics are important. But other […]

The post Reading Steven Pinker: A Guide for Entrepreneurs appeared first on Evergreen Small Business.

The new Sec. 199A “pass-thru” deduction mostly matters to sole proprietors, partnerships, S corporations and real estate investors. In a nutshell, and subject to some very complicated rules, the deduction allows these folks to just “not pay” federal income taxes on the last 20% of business income they make. Nevertheless , the new deduction does […]

The post Sec. 199A Changes Investment Portfolio Construction appeared first on Evergreen Small Business.

Somebody asked me about building a small business Monte Carlo simulation worksheet. They’d seen the earlier blog post we’d done about stock market Monte Carlo simulations and that had led to the question. I don’t want to fall down into the same rabbit hole that Alice in Wonderland did. But you doing a Monte Carlo […]

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Okay, a weird thing about the pass-thru “Sec. 199A deduction” created by the new tax law. Sec. 199A changes retirement planning for some small business owners. Some entrepreneurs should consider abandoning, temporarily, traditional retirement accounts like 401(k)s and IRAs. Confusingly, other business owners may want to do just the opposite and boost their use of […]

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If you’re a small business owner, you want an accurate balance sheet for your small business. You really do. An accurate balance sheet delivers several valuable benefits. Accurate Balance Sheet Benefit #1: Obtaining a Loan If your business needs or wants a loan in the future, the bank is likely going to want copies of […]

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On March 22, 2018, the President signed into law the Sec. 199A technical corrections that fix the grain glitch. The bad news with these Sec. 199A technical corrections? They complicate an already complicated chunk of the new tax law. But there’s good news, too… If you understand how Sec. 199A works and how the old […]

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Some S corporation owners are starting to ask about Sec. 199A S corporation dissolution. In other words, should an S corporation dissolve to maximize the Sec. 199A deduction the business owners receive. This is a great question to ask. The S corporation option does reduce the Sec. 199A deduction you receive. But the tax accounting […]

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