Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

Debt Limit

How to divvy up assets as you head for retirement

How to divvy up assets as you head for retirement

As reported in the LA Times, “How to divvy up assets as you head for retirement.” Choosing how to invest retirement savings often ends up being a dartboard exercise for younger people, because it all seems so theoretical. As the date of retirement or semi-retirement gets nearer, however, you begin to realize that your financial […]

Read the full article →

Washington Alert – DOJ files criminal charges against Bank Julius Baer & Co., Ltd; CBO report on estimated budget deficit of $165 billion; TIGTA report on IRS’s Return Review Program (RRP)

Washington Alert – DOJ files criminal charges against Bank Julius Baer & Co., Ltd; CBO report on estimated budget deficit of $165 billion; TIGTA report on IRS’s Return Review Program (RRP)

The Justice Department (DOJ) on Feb. 4 announced that it has filed criminal charges against Bank Julius Baer & Co., Ltd., a Swiss financial institution, and also entered a deferred prosecution agreement that requires a payment by the bank of $547 million by Feb. 9. As described by DOJ, “Julius Baer is charged with conspiring […]

Read the full article →

Congressional Budget Office – U.S. tax breaks to increase deficit for first time since 2009

Congressional Budget Office – U.S. tax breaks to increase deficit for first time since 2009

WASHINGTON (Reuters) – The U.S. budget deficit will grow sharply to $544 billion in 2016 after six years of declines, largely because of permanent tax breaks that Congress passed late last year, the Congressional Budget Office said on Tuesday. The new projection makes it harder for Republicans who control Congress to demonstrate election-year fiscal restraint. […]

Read the full article →

Puerto Rico edges back towards default precipice

Puerto Rico edges back towards default precipice

NEW YORK (Reuters) – Puerto Rico once again is teetering on the brink of default with roughly $1 billion in payments coming due Jan. 1, which could open the door to litigation and even messier debt negotiations with creditors while further damaging the reputation of the debt-laden U.S. territory in the capital markets. The tiny […]

Read the full article →

Budget agreement would revise partnership audit rules & clarify family partnership rules

Budget agreement would revise partnership audit rules & clarify family partnership rules

Bipartisan Budget Act of 2015  Bipartisan Budget Act of 2015 Section-by-Section Summary Late on Monday night, the White House and Congressional leaders reached a two-year budget deal (the “Bipartisan Budget Act of 2015”) to lift mandatory spending caps and raise the federal debt ceiling in an attempt to avert yet another fiscal standoff. In addition to providing […]

Read the full article →

Measure to increase U.S. debt limit could hit House floor soon

Measure to increase U.S. debt limit could hit House floor soon

WASHINGTON (Reuters) – The U.S. House of Representatives could attempt to pass legislation this month raising the amount the federal government is allowed to borrow, before Speaker John Boehner retires, an aide to Boehner said on Wednesday. “The speaker has made it clear that he wants to solve some outstanding issues before he leaves. No […]

Read the full article →

Republicans should fund U.S. budget on time – White House

Republicans should fund U.S. budget on time – White House

WASHINGTON (Reuters) – Republicans in Congress should fund the federal budget on time and avoid a government shutdown, the White House said on Thursday. White House spokesman Josh Earnest said Republicans should negotiate with Democrats on the budget, but he did not rule out future conversations between President Barack Obama and Republican lawmakers on the […]

Read the full article →

Treasury’s Lew says U.S. can still borrow through late October

Treasury’s Lew says U.S. can still borrow through late October

WASHINGTON (Reuters) – U.S. Treasury Secretary Jack Lew on Thursday maintained his forecast that U.S. borrowing capacity would last at least until late October, and added that the Treasury’s cash balance would temporarily rise with Sept. 15 tax payments. In a letter to U.S. congressional leaders, Lew urged them to raise the debt limit as soon as […]

Read the full article →

Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings

Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings

Just How Risky Is Your Portfolio? – Here Are Five Ways to Size Up Your Holdings, as reported in the WS Journal. U.S. stocks are expensive by historical standards and the market has been choppy since mid-September. Nervous? To figure out how much risk you’re exposed to, try looking at your portfolio from five different […]

Read the full article →

Where to Exit the Market Herd

Where to Exit the Market Herd

Editor’s Note: This article appeared in early January, 2015.  The timing and statements still appear true as of today  – – the date of publication. Where to Exit the Market Herd – Simon Constable Suggests Three Contrarian Investment Plays, as reported in the WS Journal. Going with the crowd might have helped in high school, […]

Read the full article →

Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come

Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come

Investing for the Long Term – How to Play Trends That Will Move Markets for Years to Come, as reported in the WS Journal. Investors often try to profit by betting on short- and medium-term shifts in stocks and bonds. But the real money comes from anticipating long-term trends, the kinds of changes that take […]

Read the full article →

10 things investors won’t tell you

10 things investors won’t tell you

10 things investors won’t tell you, as reported in the WS Journal. 1. We have no idea what we’re doing… Over the last four decades, the 401(k) plan has replaced the pension as the main form of retirement plan. About 31% of workers had so-called defined contribution retirement plans in 2008, up from just 8% […]

Read the full article →

U.S. budget deficit widens to $149.2 billion in July

U.S. budget deficit widens to $149.2 billion in July

WASHINGTON (Reuters) – The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. Analysts polled by Reuters had expected a $132 billion deficit for July. The government had a deficit of $94.6 billion in July of 2014, […]

Read the full article →

Washington Alert – CMS concerned of loss of ACA’s premium tax credit; IRS Collection being proactive on payroll taxes; JCT Report onMacroeconomic Effects of the ‘Tax Relief Extension Act of 2015

Washington Alert – CMS concerned of loss of ACA’s premium tax credit; IRS Collection being proactive on payroll taxes; JCT Report onMacroeconomic Effects of the ‘Tax Relief Extension Act of 2015

Federal officials, including those at the Centers for Medicare and Medicaid Services (CMS), are continuing to voice concerns regarding the possibility that up to an estimated 1.8 million households could lose their eligibility to receive the Affordable Care Act’s premium tax credit in 2016. Based on Treasury Department data, these households have been receiving the […]

Read the full article →

U.S. 2040 deficit to nearly double as percent of economy

U.S. 2040 deficit to nearly double as percent of economy

WASHINGTON (Reuters) – The U.S. budget deficit will more than double as a share of economic output by 2040 if current tax and spending laws remain unchanged, the Congressional Budget Office said on Tuesday. The CBO, releasing its annual long-term budget outlook, said however, that overall U.S. debt levels in 2040 will be slightly lower […]

Read the full article →

U.S. budget deficit rises to $53 billion in March

U.S. budget deficit rises to $53 billion in March

WASHINGTON (Reuters) – The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday. Analysts polled by Reuters had forecast a $43 billion deficit for last month. The deficit was $37 billion in March of […]

Read the full article →

White House Budget Director: Obama Won’t Lock In Spending Cuts

White House Budget Director: Obama Won’t Lock In Spending Cuts

WASHINGTON (Reuters) – U.S. President Barack Obama will not accept action by Congress that “locks in” spending caps enacted in 2011, White House budget director Shaun Donovan said on Thursday as Republicans hashed out final details on their own budget plans. Lawmakers from both parties have said they want to ease the “sequester” spending constraints, […]

Read the full article →

U.S. Begins Measures To Buy Time Under Debt Limit

U.S. Begins Measures To Buy Time Under Debt Limit

WASHINGTON (Reuters) – The Obama administration on Friday said it would start using emergency cash measures to allow the government to keep paying the nation’s bills once it hits the legal debt limit in about a week. Congress is expected to face another contentious debate over raising the U.S. legal borrowing authority, which is due to expire […]

Read the full article →

The 10 smartest cities in America

The 10 smartest cities in America

The 10 smartest cities in America, as reported in the WS Journal. The pursuit of higher education is more common in America today than in previous generations. According to the National Center for Education Statistics, roughly 41% of Americans aged 18 to 24 were enrolled in a two- or four-year degree-granting institution, far more than […]

Read the full article →

Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market

Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market

Will Funds Outperform in 2015? – A Few Investment Lessons From Last Year’s Market, as reported in the WS Journal. As 2015 gets under way, most on Wall Street expect the nearly six-year-old bull market for stocks to keep running. And the long-awaited bear market for bonds seems to be on hold. For mutual-fund investors, […]

Read the full article →
Page 1 of 212
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney