Monthly Archives: January 2014

Did You Get Married in 2013?

Article Highlights: E-filing is not possible if married name does not match Social Security Administration (SSA) records. Use SSA Form SS-5 to update SSA records. A married status may produce unexpected tax results. If you got married during 2013, don’t … Continue reading

Posted in Tax-Planning Tips | Leave a comment

5 Browser Productivity Tips

Most of us spend a lot of time browsing the Internet, and that means using browser software.  Google Chrome is the most popular browser with roughly 40 percent market share.  Internet Explorer follows with about a 30 percent share and … Continue reading

Posted in Business Tips, Computer Tips, Time Management Tips | Leave a comment

Are You Required to File 1099s?

Article Highlights: • A business that pays an independent contractor $600 or more in a year must file Form 1099-MISC. • Form W-9 is used to collect the independent contractor’s data. • Deadlines for issuing 2013 Form 1099-MISCs are January … Continue reading

Posted in Tax-Planning Tips | Leave a comment

What Happens When Social Security Funds Run Out?

Article Highlights: Without Congressional action, Social Security will become insolvent in 2033. Benefits could shrink to 77% of the current levels and/or payments could be delayed. Individuals need to take proactive steps to supplement Social Security. This subject comes up … Continue reading

Posted in Retirement Planning, Tax-Planning Tips | Leave a comment

You May Need to File Nominee 1099s

Article Highlights: To avoid taxes on income you share with another person reported under your ID number, you need to file a nominee 1099 form. These rules do not apply to income shared with a spouse. You may need to … Continue reading

Posted in Tax-Planning Tips | Leave a comment

101 Reasons to have a Legal Plan

For one low monthly fee, our members have the power to talk to an attorney about any personal legal issue.  Whether it’s big, small or somewhere in between, your law firm will be there to offer advice or assistance on … Continue reading

Posted in ACA (ObamaCare), Cost-Savings Tips, Estate Planning Tips, Legal | 2 Comments

Maximize Your Medical Deductions

Article Highlights The medical deduction AGI floor has increased to 10%, up from 7.5%. For taxpayers age 65 or older and their joint-filing spouses, the AGI floor remains at 7.5% until 2017. For all taxpayers subject to the alternative minimum … Continue reading

Posted in Tax-Planning Tips | Leave a comment