by Leif Jensen | Jul 8, 2020 | Tax Court |
Workers for an apartment cleaning business are independent contractors, and not employees, according to the Tax Court The woman who operated her own business contracted with apartment complexes to clean vacated units. She then hired workers with prior cleaning...
by Leif Jensen | Jul 7, 2020 | Retirement |
If you a kid who actually has a job, as opposed to the typically summer jobs that don’t exist this year. You can contribute to a Roth IRA for him or her up to their earning limits or $6,000 whichever is less. If you decide to give this generous gift you have until...
by Leif Jensen | Jul 6, 2020 | Taxes |
The IRS is providing welcome relief on required minimum distributions for 2020. The stimulus law enacted on March 27 waived RMDs from IRAs and workplace retirement plans for 2020. IRA and plan distributions already taken out in 2020.People have until Aug. 31 to return...
by Leif Jensen | Jul 1, 2020 | Running a Business |
First, we had the virus and the closing of most businesses, then we had the protests and looting. Now we have cities moving to open up, but the virus numbers are increasing as well. In October it is believed that the virus may come back in full force. If so, will your...
by Leif Jensen | Jun 30, 2020 | Running a Business |
I was having an argument with my son a few weeks ago. He was complaining that there is no freedom in the US to make your fortune today. I had to call bullshit on this claim. Within the last 20 years I started my business, when I did I started with nothing, no clients...
