When Are Legal Fees Voluntary?
According to many self-made millionaires, the times legal fees are voluntary – or quasi-voluntary – are ALL THE TIME. The general process is that lawyers do legal work and they send a bill. Sometimes they get a retainer – partial payment. It’s also likely the lawyers, depending on the nature of the work, provided estimates (which are rarely on target).

On The 787 Dreamliner

Good News For Boeing: 787 Dreamliner Deliveries Resume And United Takes Off
Two separate pieces of news bring some relief for battered plane-builder Boeing.

Would Peter Drucker Wear Google Glass?
Harvard’s Rosabeth Moss Kanter once remarked that Peter Drucker was so farseeing, his “eyeglasses must contain crystal balls.” With Google Glass, we all may be able to say the same thing about ourselves before long.

Mary J. Blige Is Obliged To IRS
Grammy winner Mary J. Blige is being chased for taxes again. Like mixing plaids and stripes, celebrities and taxes often seem to be in discord. Stars may make a lot of money, but they have big expenses and a complex lifestyle. And they often rely on managers and advisers to handle details most people handle themselves. Their handlers may not keep them fully informed.

When Are Legal Fees Voluntary?
According to many self-made millionaires, the times legal fees are voluntary ? or quasi-voluntary ? are ALL THE TIME. The general process is that lawyers do legal work and they send a bill. Sometimes they get a retainer ? partial payment. It?s also likely the lawyers, depending on the nature of the work, provided estimates (which are rarely on target).

Bank Cannot Issue 1099-C And Subsequently Try To Collect

New York Toys With Out Of State Partner
Out of state investors in real estate partnerships in high tax states sometimes get nasty surprises, particularly if partnership management is not sensitive to their concerns.  That appears to be what happened to Craig Olsheim based on a recent decision in the State of New York Division of Tax Appeals.  Mr. Olsheim inherited an interest in Fifth Avenue Building Associates, LLC in 2004.  In 2005, Fifth Avenue sold its only asset and dissolved.

Basquiat, Pollock, Lichtenstein: Are Trophy Art Works Good Investments?
Over $1 billion of post-war and contemporary art changed hands at auction in New York last week, generating masses of headlines about record-breaking sales and record-breaking art. Larry Gagosian said that last week's evening sale of contemporary art at Christie's demonstrated "how broad the market is - as in deep pockets".

Early IRA Withdrawal Creates Big Risks
You probably won't be surprised to hear that early IRA withdrawal is a major trend in retirement investing.