BUZ LIVINGSTON: Smoking financial crack, Demise of Social Security is greatly exaggerated

Published: Thursday, July 11, 2013 at 04:21 PM.

Celebrity Citing: Recently some local hospitality workers discovered class does not necessarily accompany fame and fortune. Not meaning to crash anyone’s party but a certain music star could take a hint from Forrest Williams or Bryan Kennedy. While we appreciate all visitors ... be nice or be gone. 

Casualty Losses: If 2013’s great deluge damaged your home, losses can be claimed on your 2013 tax return, subject to AGI thresholds and a $100 floor. Keep good records and document all damage. Personal and business losses require Form 4684. Look for Topic 515 at www.irs.gov for more detail on casualty losses.

Buz Livingston, CFP has the only investment management and financial planning firm in the entire world headquartered in Blue Mountain Beach, Fla. He helps clients along Florida ’s Emerald Coast and around the country with financial decisions. Contact him at 850-267-1068 or www.livingstonfinancial.net. For timely financial tweets follow @BuzLivingston.



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