eBay

eBay I was reading an article that was listing side-hustles to supplement a person’s income.  I am all for side businesses or a side-hustle.  I have a few businesses beyond my CPA practice myself.  Hell, you get enough side businesses going and they call you a...

Property Income

I have known people who get creative in having others cover their mortgage payments. I personally never had the opportunity or the courage to try what they did on my own. The first person bought his parents’ home from them in his freshman year of college.  He then...

The Vacation Home

Apparently, there are those thinking about buying a vacation home. At some point in time in the future, I will inherit half of one and have no interest in buying the other half. But second homes are now highly sought after now as Americans’ net wealth and disposable...

Crypto Currency

Did you at any time during 2019, receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?   Yes or no? Big brother wants to know. This is an important question for the 2019 tax filing in early 2020. The IRS has redesigned...

Social Security Limits

The Social Security wage base rises next year to $137,700, this is a $4,800 hike. The Social Security tax rate on employers and employees stays pat at 6.2%. Both will continue to pay the 1.45% Medicare tax on all compensation, with no cap. Individuals also pay the...

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