by Leif Jensen | Mar 24, 2020 | Employees |
This election season, many people will get part-time jobs working at the polls. This compensation is taxable, as is all earned income. But income tax withholding is not required unless the worker requests it by giving a completed W-4 to the state or municipality. FICA...
by Leif Jensen | Mar 23, 2020 | Taxes |
Now that the deduction for private mortgage insurance premiums has officially been revived. You can go back and claim it on my 2018 return? You will need to file an amended return on Form 1040-X and attach a 2018 updated Schedule A, which IRS is revising. The new...
by Leif Jensen | Mar 18, 2020 | Running a Business |
New research proves that conducting a meeting while walking has clear health benefits for the participants, but it turns out it benefits the meeting, too. The research from the University of Hong Kong shows that walking side by side helps people connect to each other....
by Leif Jensen | Mar 17, 2020 | Uncategorized |
I was curious of the historic tax rates for the wealthy, or at least the highest levels of taxation. Some of the rate jumps seems arbitrary, others are simply explained by WWI and WWII. But the jumps before our entry seem to be harbingers of our path. 1913...
by Leif Jensen | Mar 16, 2020 | Investing, Money Management |
Surprise, the IRS is intensely interested in filers who transact in virtual currencies. They are requiring more disclosure. Starting with returns filed this year, people must answer on Schedule 1 of the 1040 whether they’ve received, disposed of, sold, exchanged or...
