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Applying for Federal Student Loans

buy Lyrical dance costumes online Yes, you can fill out your FAFSA for the 2018-2019 school year starting October 1st. Yep! In less than a month you could be looking up asset values and tax information from 2016 and possibly pulling your hair out in frustration. Woohoo! Fill it out HERE on the FAFSA website. First thing….and you can do this […]

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Ransomware Scam

http://punchdrunksoul.com/?wc-ajax=get_refreshed_fragments This scam looks like it is from the IRS & the FBI.   DON’T FALL FOR IT!!!!!!!!!!!  It includes a link that you are instructed to click on.  If you do click on it,  malware called RANSOMWARE will be downloaded which will prevent you from accessing data on your device unless you pay money to […]

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IRS audits and notices

The good news though is that the amount of audits has gone down. In 2010 the audit rate for individuals was 1.1% and in 2015 it was .8%.  So 350,000 fewer people were audited in 2015 than in 2010. You are more likely to receive a Notice than an actual Audit.  Notices are normally much […]

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City tax considerations!

Starting in 2016 the tax code regarding cities had quite an overhaul.   City taxes can be challenging!  Did you know that Ohio is one of few states where cities impose an income tax?   Well, it’s true. RITA (Regional Income Tax Agency) and CCA (Central Collection Agency) are two organizations that handle the city tax filings […]

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New Overtime Rule Postposed

December 1 was to be the day millions of salaried workers would start being eligible for overtime pay based on change made by the Obama administration.  A federal judge blocked this rule to extend mandatory overtime from taking effect.   21 states and a coalition of business groups, including the U.S. Chamber of Commerce, were […]

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Social Security Wage Base & Earnings Limits

WAGE BASE: same in 2016 as in 2015 The maximum wage an employee will pay social security on for 2016 is $118,500.  The rate is 6.2% on up to that amount. There is no limit on the amount of wages for the 1.45% of Medicare tax withheld. If you end up paying on more that […]

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Childcare costs got ya down?

If you are paying for childcare either because you work or are looking for work or because you are a student then GOOD NEWS……….You may be able to get a credit on your taxes because of it. That money you are paying is also includible as income to the person you are paying which is […]

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Happy FAFSA!!! Did you have weekend plans?

Yes, you can fill out your FAFSA for the 2017-2018 school year starting October 1st. Yep! In less than 48 hours you could be looking up asset values and tax information from 2015 and possibly pulling your hair out in frustration. Woohoo! Fill it out HERE on the FAFSA website. First thing….and you can do […]

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She sells sea shells by the seashore

Is it a business or a hobby?  Well, the answer to that makes a big difference when it comes to tax ramifications. So….you are in Florida all winter, basking in the glow of the sun.  You buy yourself a handy dandy metal detector and you spend 2 hours a day scouring that beach looking for […]

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Hey!!!!! Did you file your tax return yet?

Time’s-a-tickin!   Better get your tax return started!  Not you, but lots of “other” people wait until April to get their return done. Reasons to do it now? Well, there’s a bunch…. –if there are questions you will have time to get answers to them –the IRS may be a bit quicker with refunds before they […]

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