Married Taxpayers 101:
Taxpayers that are married may file a JOINT RETURN, therefore combining their INCOME and expenses. Individuals will be considered married if:
1. They are living as husband and wife;
2. They are recognized living as common law marriage; or
3. Legally married but separated and living apart but not legally divorced.
Marriage is determined as of the last day of the tax year.
[green_message]Source: http://ift.tt/2d3ShP5 [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

Advantages of a Sole Proprietorship:
• Owner receives all profits.
• Easier to start up and lower cost because there are no required filing fees.
• Owner is free to make own decisions concerning the business operations.
• Owner pays only personal income taxes on the profits.
[green_message]Source: http://ift.tt/2cZhjN8 [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

What Do They Mean By A Tax Household?
The taxpayer(s) and any individuals who are claimed as dependents on one federal income tax return. A tax household may include a spouse and/or dependents.
[green_message]Source: http://ift.tt/2dx7Ygs [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

IRS and Security Summit Partners Warn of Fake Tax Bills
The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. Click to learn more: http://ift.tt/2d6zuSo
[green_message]Source: http://ift.tt/2d47Pmp [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

The dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you’re willing to pay the price. -Vince Lombardi
[green_message]Source: http://ift.tt/2a49JDN [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

Understanding the Basics: What is a Limited Liability Company (LLC)
Form of doing business combining LIMITED LIABILITY for all owners (called members) with taxation as a PARTNERSHIP. An LLC is formed by filing ARTICLES
[green_message]Source: http://ift.tt/2d4efAH [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

It’s Time for a PTC Checkup for your 2016 Health Insurance Marketplace Coverage. Click here to learn more: http://ift.tt/2auMRgR
[green_message]Source: http://ift.tt/2cNIBsz [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

Is Permanent Life Insurance Taxable?
Permanent life insurance is not taxable until you withdraw funds from the cash portion of the policy. If you take out a “loan” against the policy, the amount you borrow is not taxable. Death benefits paid out to your named beneficiary are exempt from both income tax and estate taxes.
[green_message]Source: http://ift.tt/2czXz5i [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

Health Insurance Taxes: What Is The High-Cost Excise Tax?
Under the Affordable Care Act starting in 2018, a tax on insurance companies that provide high-cost plans. This tax encourages streamlining of health plans to make premiums more affordable.
[green_message]Source: http://ift.tt/2cVtIlW [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

IRS Finalizes Taxpayer Definition Rules for Same-Sex Marriages
Click to read more: http://ift.tt/2cFwhbC
[green_message]Source: http://ift.tt/2cgPB0O [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

IRS Warns of Back-to-School Scams; Encourages Students, Parents, Schools to Stay Alert
http://ift.tt/2b2B4Bs
[green_message]Source: http://ift.tt/2bYLsRc [/green_message] Follow me on Facebook at http://ift.tt/1geQt49

IRS Warns of Back-to-School Scams; Encourages Students, Parents, Schools to Stay Alert
http://ift.tt/2b2B4Bs
[green_message]Source: http://ift.tt/2bYLsRc [/green_message] Follow me on Facebook at http://ift.tt/1geQt49