Posted on 02/26/2016 6:10:08 AM PST by Trumpinator
Politicians do not need to release tax returns - they do have to file a financial disclosure form - which Trump did.
Did you have TV in the dog house? I hate that Kibble smell, myself.
Actually, my wife got a couple of good raises as her bosses were afraid that we might move to another state.
Then, when she became eligible for MediCare, she negotiated another raise in lieu of her health care premiums, and went to 3 days a week instead of 4.
So we kept up our income, and I stayed out of the dog house.
Amen! I’ll gladly give up “loopholes” (as Ds call deductions) for a slightly smaller rate and simple form.
Don’t know about the deadline for your K-l information, but the Federal law requires both W-2’s AND 1099’s to be in the mail to you no later than January 31 of each year.
I am a life long bookkeeper. I have carried as many as 19 clients at a time, and did this alone—no employees. I never missed a deadline for either W-2’s or 1099’s.
There is a serious fine against those who do not get the info out on time.
I have portfolios with JP Morgan, Fidelity and Hilltop Securities... all three sent notes saying the final ones won't be ready until 3/16.
My accountant says this is quite normal for most these days... that's just the way it is.
But retiring at 62 means you have to repay most of your SS if the household income amounts to anything.
Or not??
Little known fact about government paperwork.
Up until 1981, the government used paper that was 8 x 10.5 instead of the common 8.5 x 11. The government paid extra for this odd size paper.
On my income not our total income.
Part of my early monthly retirement was based on what was estimated to be my basic monthly SS payment. The month I turned 62, that payment disappeared from my monthly retirement check regardless if I went on SS or not.
So it would had been a double $ whammy with the penalty and the loss from my monthly retirement plan.
My wife’s salary didn’t count against my SS. So she negotiated for a higher salary, which increased her 401k withholdings and we maxed out on her IRA and SEP/IRA. There was some weird rule that she could pay more towards her 401k after she was 65, which she did for 7 years.
Fortunately, we had a great CPA, and she guided us through and past the land mines, when to re fi our home and when and why to get a line of credit as well as advice on IRAs/Seps and 401ks and when to roll over a 401k into FIDO.
And here, I always thought early SS income was reduced by all household income of any stripe, shape or form.
I do not know what the law is now, it was based on each individual income instead of the combined income.
There’s only one candidate who pledged to do that and it ain’t your guy. He’ll need to expand it to pay the trillions he said he would spend.
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