Tag Archives: income

More reporting

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So, this is about the time of year that we start getting those 1099-K forms.

You know, if you accept credit cards, the processors (third-party electronic payment networks, PayPal, Venmo, Square, and a few others) need to notify the IRS (and us) that we’ve collected funds via credit cards. To make sure that we properly report our income.  (We all do- right?)

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More stuff I’ve been telling y’all

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Did it really take awarding the Nobel Prize for folks to realize the Rick Berman, GOP governors, and a slew of other naysayers are full of crap?   With their claims that changes in the minimum wage causes job losses.  Or, the extended unemployment benefits the US offered during the pandemic meant folks wouldn’t work.  (What THAT data demonstrated is that they wouldn’t work crummy jobs for dastardly low pay.)

Continue reading More stuff I’ve been telling y’all

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Ch-ch-ch-ch-anges are coming. We may not like them.

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I normally post notes like this at the bottom of the piece.  But, today, these thoughts are foremost in my mind.  Today is the 31th anniversary of the Tiananmen Square revolt.  And, the beginning of the end for a free-ish Hong Kong.  We- that’s you and me- as well as our political leaders- revere(d) these events as a people trying to stop autocratic leaders in their attempts to subjugate the citizenry.  Yet, too many of us are not looking at the national- and now international- response against a minority of our police (who, because the majority of our folks in Blue stifles their reprehension at the criminal element among them) who kill, maim, and otherwise subjugate the ‘other’ among us.  Where too many of us don’t recognize that TheDonald is just that sort of criminal, as well.  Who, along with Attorney General Barr, abrogate our Constitution, send MILITARY police- along with any other lackeys (such as the now embarrassed Secretary of Defense and military Chief of Staff) they can muster to forcibly remove PEACEFUL demonstrators who still had 46 minutes before a hastily called curfew would come into effect- using rubber bullets and tear gas. For no other reason than a most awkward photo op for TheDonald, who clutched someone else’s bible upside down- and not mention a thing about it.  Just like North Korean leader Kim does on Mount Paektu.  Yes, there has been looting and property damage- primarily by White folks (who may actually be aligned with Bill Koch)- but these were  the same situations that we were willing to absolve in China and Hong Kong, with the majority attempting to effect peaceful change.  Why don’t we recognize the enemy is us?  And, while we are at it- with a now 20% unemployment rate (because TheDonald failed to properly act while repeatedly warned by his security apparatus that we could be doomed by the impending pandemic)- but a 50% unemployment rate among the Blacks who too many police find convenient targets for their killing and subjugation- the financial situation that obtains.IBlack Lives MatterAnd, now, back to our regularly scheduled blog.  A prologue to a new series that will unfold over the next days.

Continue reading Ch-ch-ch-ch-anges are coming. We may not like them.

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Tax Relief. If you live in New Jersey.

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Yes, it’s tax season.

Which means many of you will be cursing under your breath again at the TCJA (Tax Cut and Jobs Act, sic- it was a tax cut for the rich with NO jobs whatsoever).  Why?  Because one of the hallmarks of this act was the virtual elimination of itemizing on one’s taxes.  Sure, the architects of this cornucopia of blessing for big business and the 1%-ers claim that it makes your tax filing easier.  (So does the very old joke as demonstrated by the IRS “form” below.)

Continue reading Tax Relief. If you live in New Jersey.

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Where the money is

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So, earlier this week, I wrote about the economic conditions in America.  How we no longer believe in the American Dream, how wealth is being allocated to the 1% as the bottom 50% loses.  How the wage gains some folks want you to think are due to our economic conditions are really just the result of the (finally approved) changes to the minimum wage.

Continue reading Where the money is

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When a home office is not a home office

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I’ve had a slew of folks argue with me that their business has no office but the one in their home.  If their business is unincorporated (and if your net income is $ 25K or higher- shame on you for being unincorporated) or a disregarded LLC, I agree that they have the ability to claim part of their home’s expenses for business purposes, using Form 8829.  

Continue reading When a home office is not a home office

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