New Subcontractor Rules
Department of Labor again changes rules on sub-contractor classification While the new rule takes effect in March, it really parrots the old rules and tests that existed before 2021. Misclassification of workers as subcontractors has been a hotbed of enforcement for as long as we have been practicing. It usually is a losing battle if […]
What Happened to Communication?
December 2022 “The house was built on the highest part of the narrow tongue of land between the harbor and the open sea. It had lasted through three hurricanes and was built solid as a ship. It was shaded by tall coconut palms that were bent by the trade wind and on the ocean side […]
February Newsletter
IRMAA is not your great aunt from Milwaukee If you are collecting Social Security and make more than $ 91,000 as an individual or $ 182,000 as a joint filer (Modified Adjusted Gross Income, defined later) you will have a Medicare withholding increase called IRMAA (Income-related monthly adjustment amount). This increase could be HUNDREDS of […]
Fall Newsletter 2022
Beware the “K” If you do any selling on the internet, even your old junk and the amounts sold exceed $ 600 in 2022, you will be getting a Form 1099-K from Ebay, Poshmark, Esty, etc. or the selling agent. This was a $ 20,000 limitation in prior years, which only affected real business sellers […]
April Newsletter
“Look at history. Everything we have, every great achievement has come from the independent work of some independent mind. Every horror and destruction came from some attempts to force men into a herd of brainless, soulless robots. Without personal rights, without personal ambition, without will, hope, or dignity. It is an ancient conflict. It has […]
The Golden Age of Train Collecting
Mel Price was a friend of mine. If you were a train collector in the 1980s-1990s, in the Northeast, and attended the shows, you probably saw, or purchased from Mel. He was always the first set of dealer tables on the right when you first entered most train shows in NY, NJ and PA. His […]
Debt, Good or No?
Debt is not a good thing for you, but it is for the lenders. It seems that most of the media and internet ads are touting more debt, mortgage cash outs, reverse mortgages, cash back credit cards, etc. Credit card companies spend billions to get you in more debt than you already are. (I’ll call […]
BOI is coming for YOU!
What is this? Beneficial Ownership Information As of January 1, 2024, all companies registered with ANY Secretary of State (Corporations, Limited Liability Companies, Partnerships) will be subject to a new reporting regime. Fin Cen (Financial Crimes Enforcement Network) will be accepting this information on behalf of the US Treasury as a separate filing for all […]
New Reporting Requirements For Entities
Reporting of Beneficial Ownership Information Beginning January 1, 2024, certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network […]
President Kennedy has been shot
Reflections of November 22, 1963, on its 60th anniversary. Those were the words of Walter Cronkite in a special CBS broadcast that afternoon. We all know the history of this whether we were alive or from school. I was sitting in my 4th grade class, on a typical afternoon in November 1963. My teacher Miss […]