Merry Christmas from All Star Financial

Merry Christmas and a Happy New Year!   read more →

Year-end tax planning – Now is the time to plan!

Year-end tax planning – Now is the time to plan! After December 31st, there are very few options taxpayers have in reducing their 2014 tax liability.  As of January 1st, 2015, taxpayers are pretty much limited to making contributions to their IRA and HSA accounts.  Your tax person ends of just being a preparer rather.. read more →

Be Blessed and Be a Blessing!

Thanksgiving has always been my favorite holiday. When I was young it was a day when 30 to 40 relatives would gather in a church basement to give thanks and celebrate FAMILY. It was a day to catch up with my grandparents, aunts, uncles, cousins, sisters, brother-in-laws, nieces, nephews and always a few friends that.. read more →

Too Good to Be True?

Have you ever been asked to invest in something that sounded too good to be true? Did you ask yourself, or even tell yourself “this seems too good to be true”, but still found yourself curious, maybe even willing to invest because of the excitement generated by the promise of “big returns”, an “exclusive offer”,.. read more →

The Infrastructure Opportunity

This summer a 90-year old pipe burst in Los Angeles, flooding the UCLA campus with 20 million gallons of water.  The estimated $8.1 billion repair cost equals the entire annual municipal budget.  The average age of water pipes east of the Mississippi is more than 70-years old while the U.S. public investment in infrastructure is.. read more →

If I Sell My Home- Do I Pay Taxes?

With the increase of property values, many people are wondering about the capital gains implications of selling a home. Detailed below is information that you will find helpful for your main residence, a second home, and a rental property. Selling your main home for more than you paid generally does not result in a taxable.. read more →

Information Security: How We Are Protecting Our Clients

If you paid any attention to the news in the last year, chances are you heard a headline or two about security breaches. Most notably, the Target Corporation cyber-security breach dominated the news for weeks, disrupted the company’s business during the most critical holiday shopping days of the year, and created headaches for millions of.. read more →

The Long Road Back

Last week the U.S. economy finally recovered all the jobs lost in the worst recession since the Depression.  Last month 138.5 million Americans were working, exceeding the 138.4 million working during December 2007, the first month of the recession. It has been a long-road back, taking over two years longer for jobs to recover than.. read more →

Records Retention

How long should I keep my tax related documents? That is a common question many taxpayers ask. You should keep tax records for as long as the IRS has the ability to audit your return and/or impose additional taxes, which generally is three years after you file your return. This means you likely can shred.. read more →

Jim Cramer Does NOT Know

Jim Cramer’s stock tips pan out 47.6% of the time. Jim Cramer’s stock picks fail more than half the time. Jim Cramer is incorrect a majority of the time. Jim Cramer is usually wrong. The above sentence can be restated and rearranged numerous different ways, but none of them refutes the simple fact that flipping.. read more →