Where To Live in Phoenix [Quiz]
Take this quiz and figure where you should live in Phoenix.
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Take this quiz and figure where you should live in Phoenix.
The post Where To Live in Phoenix [Quiz] appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
The cloud computing market is growing at a massive pace â with the ongoing pandemic only spurring demand for cloud solutions and services. This, in turn, has investors turning to cloud stocks as a potential source for profits.
Cloud computing as an industry is only 15 years old, and can be traced back to when Eric Schmidt, then-CEO of Google, introduced the term at an industry conference.
Of course, a lot has changed since 2006.Â
Today, cloud computing is a $445.3 billion industry, according to market data firm ReportLinker. And it’s expected to grow to $947.3 billion by 2026. That works out to a compound annual growth rate (CAGR) of 16.3%. And when it comes to an industry of that size, it’s no surprise many investors are looking to get exposure to it via cloud stocks.
Additionally, many of these cloud computing companies are innovating â bypassing a global semiconductor shortage by making their own chips, according to The Wall Street Journal. This means, of course, that cloud stocks might have even more to offer investors as the years go on.
With plenty to look forward to in this high-growth industry, here are seven of the best cloud stocks to buy for 2022. Included on this list are some of the biggest users and providers of cloud services, as well as some relative newcomers. And all of the names featured here are well-liked by the analyst community.
When pop superstar Prince died of a fentanyl overdose in 2016, he left behind significant assets, many relatives ⦠and no will. It was a recipe for disaster. In addition to tangible assets â money in the bank, real property â Prince left music rights and the value inherent in his name and likeness. Comerica, the estateâs administrator valued it all at $82.3 million; the IRS said it was worth twice that amount â a whopping $163.2 million â and asserted a tax claim for $39 million.
It took six years and tens of millions of dollars in legal fees, but the heirs and the IRS finally came to terms in January, agreeing on a final valuation of $156.4 million. In the interim, there were changes. Princeâs half-brother passed away in 2019, leaving a will that opened the door for new, unrelated parties to assert claims against the estate. Now the process of distributing the vast estate finally begins.
We may not possess a fraction of Princeâs estate, but we can all treat our heirs like royalty. Simple steps now can prevent a nightmare like the one his family experienced. These are five key lessons from the Prince estate debacle.
It sounds obvious, but an up-to-date will was clearly not on Princeâs priority list. Your will tells the court how you want to distribute your property, and it ensures that minor children will be placed in the care of someone you trust. Without a will, the court will make those decisions on your behalf.
To be valid and binding, a will must be signed by someone of sound mind; unrelated witnesses may also be required in your state.
Although a DIY will may sound enticing, donât do it. A mistake can send an otherwise simple will to litigation, where any money saved is quickly eaten up by legal costs. Have a legal professional create your last will and testament.
Start your inventory with big-ticket items, such as real estate and savings accounts â trusts and life insurance policies will bypass probate if beneficiaries have been named â and work your way down. Your grandmotherâs recipe book and your fatherâs tie clip may not have monetary value, but they mean something to somebody. Put them on a spreadsheet so they donât fall through the cracks when youâre no longer here. It may also be helpful to add a column to the spreadsheet showing to whom you intend to pass the asset, so you can refer to it as you draft your will.
The IRS and Comerica settled last spring on the real estate portion of Princeâs estate, but it took another year and a half to arrive at a valuation for intangible assets, such as rights to Princeâs music. The IRS ultimately dropped a $6.4 million âaccuracy-related penaltyâ it had levied on Princeâs estate, and the Minnesota Department of Revenue also dropped an accuracy penalty. However, the fight over value resulted in a huge tax bill that will likely force Princeâs heirs to sell their interests in his catalog, rather than reaping its long-term benefits.
Protect your heirs by enlisting the services of a reputable expert to value jewelry, artwork and other items of unique value, and be sure to keep all documentation in a safe place. Although valuations change over time, having a general idea of an assetâs value when making estate plans can spare your heirs severe tax consequences down the road.
Include a valuation column on your asset spreadsheet in which you insert the best information you have for each item and the basis for that valuation. If youâve received a professional appraisal, indicate the source and the location of any supporting documentation; if itâs a best guess, state as much. Save your beneficiaries a fight over valuation by assigning a value or a process for determining values if one beneficiary wants to buy out others or receives a specific property.
Even the best of families can morph into dysfunction when a loved one dies. How sad to think that your death could create a permanent divide between your relatives. Make things simple by creating a clear plan that leaves nothing to chance. Just because youâve told a close relative that you want them to have your silverware, donât assume that everyone knows this or will be happy about it.
In Princeâs case, the court was left to divide his extensive estate â including his Paisley Park studios-turned-museum, real estate and music rights â equally among six blood relatives. Had Prince simply spelled out his wishes prior to death, his heirs may not have been happy but they would have received their inheritance intact and in a reasonable time. Instead, they had to watch and wait as the estate doled out tens of millions of dollars to lawyers and consultants and valuable assets to pay those fees.
A letter that clearly explains to your heirs the reasons for your decisions can head off hurt feelings, acrimony and possible legal challenges. When the only decisions your relatives have to make are what to wear to the service and what kind of food to order afterwards, youâve given them a precious gift.
Designate a trusted individual to carry out your will’s instructions and manage the affairs and wishes of your estate. Donât make it a surprise. The more prepared and informed your executor is, the smoother the process will be. Your designee should understand what he or she will be required to do. If you sense any hesitation or concern, talk through those concerns. If it still doesnât feel right to one or both of you, identify another person to serve in this important capacity, someone who will truly have your heirsâ best interests at heart.
The largest beneficiary of Princeâs estate was the IRS, followed by the administrators and attorneys. A close family member or friend may be willing to waive compensation and should work to keep fees down so that the bulk of your estate passes to your loved ones.
Prince probably thought â like most of us do â that he had plenty of time to get his affairs in order, or he may have concluded that whatever happened after he was gone was none of his concern. Creating an estate plan is an extremely personal decision, but it has huge consequences. It is perhaps the strongest expression of love that the law recognizes.
There’s so much to do in Madison it will be hard to fit it all in.
The post The 12 Best Neighborhoods in Madison for Renters in 2022 appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Condo resales sparked record 2021 housing market in Chicago Loop North News
These will help you have a smooth transition.
The post 13 Essential Tips When Moving In With Your Boyfriend appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
While you can get an Omaha steak here, there’s so much more to see.
The post The 15 Best Neighborhoods in Omaha for Renters in 2022 appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Like millions of other Americans, you may have worked from home a lot last year because Covid forced your office to close. Sure, you saved money on commuting costs, work clothes and lunches, but there are other unreimbursed expenses that drained your wallet. For instance, you probably had to pay for printer paper and ink, note pads, and other office supplies. Plus, your electric and other utility bills were likely higher since you were at home all day. And maybe you had to upgrade your Wi-Fi, too. Wouldn’t it be nice if you could claim a tax deduction for your home office expenses on your 2021 tax return?
Well, maybe you can. Some people can deduct their business-related expenses, and there’s something called the “home office deduction” that lets you write off expenses for the business use of your home. Whether or not you can claim these tax breaks depends on your employment status.
If you’re an employee working from home last year, I’m sorry to say that you can’t deduct any of your related expenses on the tax return you must file this year.
Before 2018, you could claim an itemized deduction for unreimbursed business expenses, including expenses for the business use of part of your home if they exceeded 2% of your adjusted gross income. However, this deduction was eliminated by the 2017 tax reform law.
If you were self-employed last year, you may be in luck. Self-employed people can deduct office expenses on Schedule C (Form 1040) whether they work from home or not. This write-off covers office supplies, postage, computers, printers, and all the other ordinary and necessary stuff you need to run an office.
Plus, the home office deduction may also be available if you were self-employed in 2021 â if you can satisfy all the requirements. This tax break covers expenses for the business use of your home, including mortgage interest, rent, insurance, utilities, repairs, and depreciation. It doesn’t matter what type of home you have, either â single family, townhouse, apartment, condo, mobile home, or even a boat. You can also claim the deduction if you worked in an outbuilding on your property, such as an unattached garage, studio, barn, or greenhouse.
The key to the home office deduction is to use part of your home “regularly and exclusively” as your principal place of business. If you only worked from home for part of the year, you can only claim the deduction for the period that you can satisfy the “regularly and exclusively” requirements.
“Regular use” means you use a specific area of your home (e.g., a room or other separately identifiable space) for business on a regular basis. Incidental or occasional use of the space for business doesn’t count.
“Exclusive use” means you use a specific area of your home only for your trade or business. The space doesn’t have to be marked off by a permanent partition. You can’t claim the home office deduction if you use the space for both business and personal purposes. However, the exclusive use requirement doesn’t apply if you use part of your home:
The space must also be used:
(See IRS Publication 587 for more information about these and other requirements for the home office deduction.)
If you qualify, there are two ways to calculate the home office deduction for your 2021 tax return. Under the “actual expense” method, you essentially multiply the expenses of operating your home by the percentage of your home devoted to business use. If you worked from home for part of the year, only include expenses incurred during that time. Under the “simplified” method, you deduct $5 for every square foot of space in your home used for a qualified business purpose. Again, you can only claim the deduction for the time you worked from home. For example, if you have a 300-square-foot home office (the maximum size allowed for this method), and you worked from home last year for three months (25% of the year), your deduction is $375 ((300 x $5) x 0.25).
The deduction is claimed on Line 30 of Schedule C (Form 1040). If you used your home for more than one business, file a separate Schedule C for each business. Don’t combine your deductions for each business on a single Schedule C.
If you use the actual expense method to calculate the tax break, also complete Form 8829 and file it with the rest of your 2021 tax return. If you used more than one home for business last year, you can file a Form 8829 for each home or use the simplified method for one home and Form 8829 others. Combine all amounts calculated using the simplified method and amounts calculated using Form 8829, and then enter the total on Line 30 of the Schedule C you’re filing for the business.
If you were an employee at a “regular” job last year, but you also had your own side hustle, you can claim deductions for business expenses and the home office deduction for your own business â if you meet all the requirements. Being an employee doesn’t mean you can’t also claim the deductions you’re entitled to as a self-employed person.