by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter
From The IRS News ? Issue IR-2016-81, May 27, 2016 WASHINGTON ? The Internal Revenue Service today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the ?Federal Student Tax.? Even though the tax...
by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter
by?Andrew D. Schwartz, CPA, Founder of The MDTAXES Network At some point during each tax season, there is a moment when I notice a recurring trend or theme that is unique and fascinating to that specific tax season. So what is this year’s most interesting trend?...
by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter
The Department of Labor has a new overtime rule that takes?effect Dec 1, 2016.? To summarize, if an employee is being classified as an exempt employee (and not currently being paid for any overtime), then their salary must be at least?$913 per week, which equates to...
by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter
This past tax season we noticed an uptick in the number of clients who rented out their homes through websites such as?airbnb?and?VRBO.? Moreover, we saw a number of clients ask us how they would be taxed if they were to rent out their home on a short-term basis...
by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter
This past tax season we noticed an uptick in the number of clients who rented out their homes through websites such as?airbnb?and?VRBO.? Moreover, we saw a number of clients ask us how they would be taxed if they were to rent out their home on a short-term basis...
by KNSS | Jun 30, 2016 | 2016 Mid Year Newsletter, Uncategorized
By?Axial Financial Group: Brad McMillan (Originally appeared on?http://blog.axialco.com/afg/worriedabouttheelection)? Recently, several people have asked me what investors should do in their portfolios to prepare for the presidential election. One went so far as to...