Behavioral Finance / Financial Planning / Life / Taxes
by Christopher D. Munchhof · Published July 22, 2023
FedNow is a newly activated instant-payment system developed over the last several years by the U.S. Federal reserve bank. The FedNow system facilitates instant transfers from bank to bank. While the Federal reserve bank...
There have always been individuals who argue that we don’t legally need to pay taxes. Often, they cite legal language taken out of context from the larger law. They use false, misleading, or unorthodox...
The IRS announced they would start accepting tax returns on February 12th this year. That’s about three weeks later than normal. A big part of the delay has to do with last-minute laws passed...
Several changes to the tax law were finalized in the final days of 2019 and these changes are effective immediately, some of the changes are even retroactive to 2018. I covered the changes made...
Financial Planning / Investing / Taxes
by Christopher D. Munchhof · Published January 3, 2020 · Last modified January 4, 2020
After a massive tax overhaul came into effect for 2018 taxes, it’s hard to believe that more tax changes would be here so soon, but here we are! The President signed the Secure Act...
by Christopher D. Munchhof · Published July 29, 2019 · Last modified April 6, 2020
The Internal Revenue Service has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their...
Behavioral Finance / Financial Planning / Investing / Taxes
by Christopher D. Munchhof · Published April 17, 2018 · Last modified April 6, 2020
A recent Survey Monkey poll found that 60% of Americans have now heard of Bitcoin and 21% are considering buying it. These numbers are a big jump from just a few years ago, but...
The tax law that was passed late last year brought a lot of changes. One of them is very good news for self-employed workers, freelancers or anyone who is paid as an independent contractor...
The Internal Revenue Service today warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS also offered a step-by-step explanation for how to return the...
Early drafts of the recently signed Tax Cuts and Jobs Act had many people panicking about how the proposed laws would affect real estate. The National Association of Realtors predicted that housing prices would...
Behavioral Finance / Healthcare / Life
Think it Costs More to Eat Healthy? Here’s Why It’s In Your Head
September 25, 2018
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Christopher D. Munchhof is a California licensed professional investment adviser, life insurance agent, and tax expert. He lives in Santa Clarita, CA with his wife and two children. He is the founder of Free Financial, a financial planning firm designed for clients at the beginning of their financial journey.
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