by The MDTAXES Network | Jul 2, 2019 | 2019 July newsletter
Q: My parents would like to give me a loan of $150k. How can we structure this loan so that we are in compliance with any rules from the IRS? A: To structure a loan in compliance with the IRS rules, you need to take the following steps: • Prepare a written loan...
by The MDTAXES Network | Jul 2, 2019 | 2019 July newsletter
From CBS Interactive/ By Steve Vernon Have you ever opened your 401(k) account statement and stressed out because the balance has declined? Don’t panic. Instead, try these strategies to address the inevitable stock market fluctuations that will occur during your...
by The MDTAXES Network | Jul 2, 2019 | 2019 July newsletter
Don’t forget these 10 points when considering and selecting your lender and loan officer: 1. Research the lender and loan officer to ensure they are a good fit for you. 2. What is their knowledge, experience, and commitment to service? 3. Are they local and respected...
by The MDTAXES Network | Jul 2, 2019 | 2019 July newsletter
As we shared this winter in an article called Why Is Your Tax Refund Smaller for 2018 (written by Shira Schoenberg and including quotes from Andrew Schwartz CPA), many individuals were surprised that they had smaller tax refunds or owed more in federal income taxes...
by The MDTAXES Network | Jun 6, 2019 | 2019 June newsletter
By Guest writer Bob Cahill – Leader Bank Research the lender and loan officer to ensure they are a good fit for you. What is their knowledge, experience, and commitment to service? Are they local and respected by the realtor community? Will your lender be...
by The MDTAXES Network | Jun 4, 2019 | 2019 June newsletter
Starting in 2018, personal exemptions are no longer deductible. The maximum earnings subject to social security taxes is $132,900 for 2019, up from $128,400 in 2018. The standard mileage rate is $.58 per business mile as of January 1, 2019, up from $.545 for 2018....
by The MDTAXES Network | Jun 3, 2019 | 2019 June newsletter
Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. Don’t fall prey....
by The MDTAXES Network | Jun 3, 2019 | 2019 July newsletter, 2019 June newsletter
Will your child be working at a summer job? If so, here are a few items to consider: How to complete Form W-4. When you child begins their summer job and will be paid as a W-2 employee, their new employer will require them to complete a Form W-4, instructing the...
by The MDTAXES Network | Jun 1, 2019 | 2019 June newsletter
Please join Andrew Schwartz CPA in Toronto on Monday September 9th where he will be speaking at the Accounting and Finance Show being held at the Metro Toronto Convention Centre. More info about this conference is available at:...
by The MDTAXES Network | May 28, 2019 | 2019 June newsletter, 2019 May Newsetter
In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. Employers and employees must begin making contributions in July of 2019 to a new state fund which will administer and distribute the benefits...
