Weekly Letters

1099? – February 15 2018

Hello Taxpayers! Over the past week or so, several new clients have come in. Each handed me ONE 1099-MISC. This form showed an amount in Box 7 (“Non-employee Compensation”), which indicates that they were treated as independent contractors and not employees. So before I went through my litany of questions such as what type of expenses they had, I confirmed with them that they only worked for this one company as they gave me just ONE 1099. It is apparent [...]

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“GOAT”- Best EA- February 5, 2019

Hello Fellow Taxpayers, Well, the GOAT has done it again. Though it was not the best played Super Bowl of all time, the best quarterback and maybe the best head coach of all time, won their 6th championship, more than anyone else. Also, they are both, the oldest to have done so. The point, my friends is that there is hope for us to succeed, no matter how old we are. We can always do better at our jobs, our relationships [...]

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199 Cap A- February 1 2019

Hello fellow taxpayers. This is a short, LOL! but very important email. I am repeatedly asked about the 199 Cap A by folks that have businesses; even though I have mentioned this subject before it bears repeating. One of the most complicated aspects of the tax law is the new “20% Qualified Business Deduction”, also referred to “Section 199 Cap A” rule. Without getting too technical, this section applies to all who are self-employed, an owner of an LLC, shareholder in an [...]

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Patriots & Ram’s, Oh My!- January 25, 2019

Howdy folks, Ali is home-bound and recovering. She saw her doctor on Tuesday for a post-op, and all is going according to plan. Man-Servant Jeff is doing what he can to make her a little more comfortable, but stubborn Ali still has to do things on her own and not rest (except after taking a pain pill, then nighty-night). The Super Bowl participants are set. The Patriots won in OT over the Chiefs. I hate to say it but, The GOAT, [...]

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The medical deduction man- January 18, 2019

Hello Fellow Taxpayers, I want to thank all of those who expressed well wishes when Ali went for shoulder replacement surgery on Monday (posted on my personal Facebook page). All went well and the procedure took less than an hour; however, I did not get to see her for almost four hours. I took her home on Tuesday, and she is recovering. Lots of pain means lots of drugs and lots of ice which helps, but it will be a [...]

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Tax Season ready?!- January 10 2018

Tax Season is upon us Hello, followers of my weekly email. I have missed the past couple of weekly communications. I thought that you had more important things to do such as; last minute Christmas shopping, being with friends and family and welcoming in the new year. Rather than reading my words of wisdom and my tales of adventure. As most of you know, in December, Ali and I went cruising along the Mexican Rivera. We visited Cabo San Lucas, Mazatlan, [...]

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Passport problem- December 21, 2018

Hello my friends. By the time you see this, Ali and I will be starting the last day of our cruise. Then it will be on to San Fransisco, a city that I have never visited. I am looking forward to visiting the Wharf, Chinatown and riding the trolley I usually try not to get tax technical in these emails. But I would be remiss if I do not tell you something that you or someone you may know may find [...]

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Mexico Bound- December 14 2018 letter

Happy Friday, my friends. Sorry that I missed an email last week. I am sure that you are all so disappointed. I am back and traveling, again. Last week, Ali, Marissa and I were in Los Angeles for meetings of our practice management mastermind group. We all learned how to be more efficient. Ali and I are heading back to LA, but this time to catch the Carnival Splendor for 7 days of “fun and sun and plenty of adult beverages. Our cruise will take [...]

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Traveling- November 30, 2018

Hello, my friends, After a full week back in the office I can truly say that I loved having 4 days off. During my staycation, I re-started my 55-gallon fish tank adding just the (as my daughter Marissa used to say when she was younger) “prettiful” lights and plants. In my rush for instant gratification, I seemed to have added too many fish and now have only 5 freshwater fish left, and they are hard at work building up the [...]

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Thanksgiving- November 23, 2018

Hello, my friends, It’s Friday morning, and you are all probably bursting from all the food that you “stuffed” yourselves with yesterday. I know I am. Ali and I have a tiny family that resides in Florida, so it was just Dad, our daughter Marissa, and Austin, her significant other that joined us. As many have seen in our newsletters, Ali loves to cook (and I like to eat so what a match), and Thanksgiving is her favorite holiday to prepare [...]

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