The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code (IRC). The NIIT applies at a rate of 3.8 percent to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.
The last time the government was shut down, the economy was ripping upward with the DOW Jones returning a whopping 33.45% and unemployment at a low of 5.6 percent which is about as good as it gets. In 1995, the nations’ leaders: Speaker “Newt” Gingrich and President “Bill” Clinton worked together somewhat harmoniously in the best interests of the people and nation. The solutions, prudence, and compromises of the mid-1990’s seemed to dramatically augment the global confidence in the American economy.
The Future of The Traditional College and University Programs – e-Learning Open Courses and MOOCs – By George Mentz JD MBAPosted September 30th, 2013 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author
Globally there is a continuing debate on whether a four-year college degree and is necessary for career expansion and professional development. In the 21st century, people are now more innovative and may obtain: several certifications, diplomas, certificates, licenses, and designations rather than spending 30-100 thousand dollars on a traditional on-site degree program. The question arises whether the future will allow sustainability of the traditional college campus. Further, will the regulators going forward allow a candidate to consolidate their credits from varying institutions to obtain a degree from an accredited institution?
Over the last 15 years, pioneers in the area of e-Learning have made great strides in legal and tax education. William Byrnes, who is a professor and Dean at the TJSL.edu Law School is one of these pioneers. The masters in law degree programs are wholly online and use a synthesis of Lexis-Nexis, Blackboard and live lecture technology.
As a business person affected by Hurricane Katrina and the British Petroleum BP Oil Spill, there are many lessons learned that most people around the world discover during their lifetimes. The first is that survival is a priority, and you must take care of yourself and family first. If you endure a national disaster, you can always rise up again if you work hard. Typhoon Haiyan is one of the largest storms that we have seen. Be prepared, protect your family and protect your assets.
Globalization, Immigration, Tax Reform, Productivity, and National Debt – The World is Getting SmallerPosted September 9th, 2013 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author
With global movement of people, they will all need banking, technology, career information, insurance, and consumer goods. People move from country to country, and they want reliable services for: Finance, Shopping, Insurance, Housing and Career. With a global market, some companies have survived not on outsourcing, but mainly on out-selling which would be selling products and services outside of the USA. Global jobs, immigration, and international tax issues become more and more of a challenge as the world gets smaller.
If you’re selling your main home this summer or sometime this year, the IRS has some helpful tips for you. Even if you make a profit from the sale of your home, you may not have to report it as income.
With some colleges costing up to 60-200 thousand dollars for a graduate degree, the new trend is to finish an undergraduate degree, and then seek several specializations and certifications.
Because of the demand, there are new global certifications & designations offered from the USA and Asia. One of them is the AFA Accredited Financial Analyst ® and the other is the ChE Chartered Economist program.
For most taxpayers, the tax deadline has passed. But planning for next year can start now. The IRS reminds taxpayers that being organized and planning ahead can save time and money in 2014. Here are six things you can do now to make next April 15 easier.