Max Out of Pocket

Tax Treatment Of My REIT Dividends Part 1

I hear a lot of recommendations that I should hold my healthcare REITs in tax-advantaged accounts. The theory is the taxman will hit us hard if we hold these assets in taxable accounts. That’s because REITs shell out nonqualified dividends that get taxed like regular income. I touched on this briefly when I talked about where I keep my medical office buildings. At the time of writing that post, as recommended, I was holding almost...

Max’s Back Pocket Vol. IV

Well, another work week in the new world of COVID-19 has come and gone. It’s a stressful time for everyone. I need to start this the same as I did last week by recognizing all of the first responders and frontline healthcare workers dealing with this crisis. This is going to get much harder before it gets easier. My health system is doing a great job preparing for a potential surge. I may get pulled...

Families First Coronavirus Response Act and Out-Of-Pocket Costs

Max isn’t in the habit of diving too deep into legislation. I normally would leave that interpretation to the experts and let them spell it out for me. I suppose desperate times call for desperate measures so I am going to take a stab at it. This is probably a good time to remind everyone that I am not an attorney. That said, I have watched A Few Good Men on more than one occasion....

Max’s Back Pocket Vol. III

Before we get started with the third edition of Max’s Back Pocket, I wanted to take a minute to recognize the unprecedented events that have taken place this week. Entire states are shut down due to COVID-19. We don’t know how far or wide it will reach. Hopefully, we can collectively flatten the curve. My thoughts are with anyone impacted and all front-line workers standing by to help. I am also thinking of all the...

COVID-19: A Tsunami of Out-of-Pocket Costs?

Look, I get it. In the midst of the COVID-19 outbreak, no one really wants to worry about out-of-pocket costs associated with the pandemic. Our focus needs to be on flattening the projected curve of the outbreak so the healthcare system doesn’t get overwhelmed. There isn’t a ton of use for hospital bean counters like me at times like this. So I am doing my best to just stay out of the way. But I...