Tag - #jeffreyschenider

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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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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Family- November 8, 2018

Hello my friends, The elections are finally over which means the annoying ads and bad mouthing will stop. Well, maybe. Of course, there will still be the President’s tweets, and soon enough we will begin hearing the ads for the 2020 elections, so say the news pundits. I really wish there was a law preventing negative political ads. I was taught that if you have nothing nice to say, don’t say anything at all. However, it all comes down to the [...]

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Education- October 26, 2018

Hello my friends, The dictionary defines education (noun) as: “Education is the process of acquiring the body of knowledge and skills that people are expected to have in your society. A good education develops a critical thought process in addition to learning accepted facts.” It can also be defined as “Education is measured by the growth of a student into a true human being and a perfect man, not measured merely by the marks scored. The word Education is derived from the Latin [...]

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Salvage Your Sunken Uncollectable Debt

Salvage Your Sunken Uncollectible Debt Victims of reneged payment agreements might have a tax deduction Let’s face it – it’s always frustrating not being paid what is owed to you. The IRS has created a system for you that may help with debts and help you salvage some of what’s owed. If it’s clear that the debt is not going to be paid, then you may be able to recoup some of the lost money as a tax deduction. The IRS [...]

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