advice
Workplace advice for any issue, problem, or concern; from changing careers to co-working advice and decorating needs.
The Form 1040 Tax Return: Differentiating Between Income that is Taxable and Income that is Tax Exempt
People sometimes receive money from a variety of sources during any given tax year, and are oftentimes confused as to which inflows are taxable, and which are not. While most income is taxable, there are some sources of funds that are not considered income as such, and you may not have to include income from these sources on your tax return as taxable income.
By Milton G. Boothe8 years ago in Journal
The Form 1040 Tax Return: How to Maximize Your Itemized Deductions
Every taxpayer who files a Form 1040 tax return is automatically entitled to a Standard Deduction. This is a predetermined amount that the IRS allows taxpayers to deduct from their incomes. The amount varies between taxpayers, and is determined primarily by the taxpayer’s filing status.
By Milton G. Boothe8 years ago in Journal
5 Things That Can Be Done to Revive Toxic Work Culture. Top Story - October 2017.
A toxic work culture can create major problems as it hampers productivity and builds an environment that is plagued with anxiety, fear, lack of responsibility, and apathy. There are various factors that are responsible for brewing such a culture, the results of which are catastrophic and can sink the organization into an abyss of failure. Toxicity in the minds of the people is detrimental as it radiates and spreads amongst the rest. So, if this issue is not addressed in time, it can be very difficult for the organization and its management to revive from such a major set-back.
By Harmion Morris8 years ago in Journal
Why the Section 1031 Exchange Might be a Hidden Gold Mine for Real Estate Investors
As the economy continues to show signs of improvement, with the stock market breaking all sorts of records and unemployment falling steadily, it is only reasonable to expect, all thing being equal, that the real estate market will also make significantly upward strides, and will once again become a very viable investment vehicle.
By Milton G. Boothe8 years ago in Journal
Now You Can Smile – Your 1040 Tax Return Isn’t as Complex as You Were Led to Believe
Preparing your taxes yourself is really not as daunting a task as many people might perceive it to be. As a matter of fact, doing your own taxes can be fun. At first glance, the Form 1040 tax return is typically perceived to be a very complex government form, which can only be completed by trained tax professionals. This is an unfortunate misconception, although your paid tax professional might want you to think this way. User-friendly tax software readily available on the market makes it so easy to prepare your own taxes.
By Milton G. Boothe8 years ago in Journal
Don’t Be TRICKED into Believing That You Must Use Tax Professionals to Submit an Offer in Compromise to the IRS
There are a lot of organizations out there that amass huge profits by making big bucks off people who are already heavily indebted to the IRS for unpaid taxes. These organizations make all sorts of glorious promises in their advertisements, declaring how they can marvelously reduce your tax bill to a mere fraction of what you owe. Some even promise to reduce your tax bill to 10 percent or less of what you owe. They all claim that they have CPAs, Enrolled Agents, and attorneys who are all unique in their expertise, and who are all at your disposal for fast, free, and confidential consultations. They usually assert that their lawyers are former tax enforcement or other government officials who will use their unique understanding of procedural rules and their extensive experience in dealing with the IRS to develop creative approaches to solving your problem. After they get you hooked, they usually require substantial, non-refundable up-front fees before they will proceed with your case.
By Milton G. Boothe8 years ago in Journal
The IRS NEVER Makes Threatening Telephone Calls—Beware of These Tax Scammers!
A very disturbing trend in recent years is the fact that thousands of people have fallen victim to scammers who claim to be calling from the IRS, telling taxpayers that they owe tax balances, and threatening them with imprisonment and/or seizure of assets if they do not comply with their demands for payment.
By Milton G. Boothe8 years ago in Journal
Adventures in Book Writing
Have you ever found yourself so inspired to create something in a way you have never tried before? I've started a new venture recently... and by new I mean it is an unexplored and brand new project that I have been inspired to do. I have always been a book lover... novels, fairy tales, historical fiction, etc. I really enjoy diving into other worlds (looking at you Potterheads, Whovians and anyone who has ever fallen down a rabbit hole)! It's an idea I've had for a long time that I've built up in my head and now I'm making it happen.
By Lynne Schabhetl8 years ago in Journal
