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Newspaper

TraderStatus.com Posted on December 8, 2016 by traderstatusDecember 8, 2016

My favorite quote of the week: “If you don’t read the newspaper, you’re uninformed. If you do read it, you’re misinformed” Denzel Washington, 12/7/2016 (the quote is sometimes attributed to Mark Twain)

Continue reading →
Posted in Traders Blog

Reimbursed Health Insurance Premiums

TraderStatus.com Posted on December 8, 2016 by traderstatusDecember 8, 2016

The Senate passed legislation on December 7, 2016 eliminating a tax penalty on employers who reimburse their employees for the cost of health insurance premiums, following passage of the measure the week earlier in the House. The IRS had begun … Continue reading →

Posted in Income Taxes Blog

Providing answers

TraderStatus.com Posted on December 5, 2016 by traderstatusDecember 5, 2016

Who could have predicted, as recently as the 1990s when millennials were listening to their walkmans, that in 20 years virtually anyone could hold a little device in their hand that would provide the user with the answer, before she … Continue reading →

Posted in Business Blog

Faster refunds

TraderStatus.com Posted on September 9, 2016 by traderstatusSeptember 9, 2016

Refunds will be delayed for 2016 tax returns.   Starting with 2016 tax returns that are due in 2017, the IRS will delay refunds at least until February 15th for taxpayers claiming the earned income credit or the refundable child credit. … Continue reading →

Posted in Income Taxes Blog

IRS initial contact letters

TraderStatus.com Posted on May 20, 2016 by traderstatusMay 25, 2016

The IRS’s Deputy Commissioner for Services and Enforcement, John Dalrymple, today announced a change in policy on initial taxpayer contact in audit or examination cases. “Effective immediately, all initial contacts with taxpayers to commence an examination must be made by … Continue reading →

Posted in Income Taxes Blog

POTUS will bring changes to the IRS

TraderStatus.com Posted on March 4, 2016 by traderstatusMarch 6, 2016

What’s the untold story with the 2015 – 2016 debates? Bernie Sanders v. Hillary Clinton. Why is Bernie still in this race, debating one-on-one with Hilary?  He does not stand a chance, does he? The DNC needs Bernie up there … Continue reading →

Posted in Income Taxes Blog

The Fallacy of Amazon.com Prime

TraderStatus.com Posted on February 24, 2016 by traderstatusFebruary 27, 2016

Standard marketing logic states that Amazon.com Prime members spend on average $1,400 annually, whilst non-Prime customers on average spend only $700.  Therefore the users obviously feel the need to use the $99 Prime service to get that free shipping on … Continue reading →

Posted in Business Blog

Small-dollar errors on Forms W-2 & 1099

TraderStatus.com Posted on December 19, 2015 by traderstatusOctober 21, 2016

Starting in 2016 penalties are waived for small-dollar errors on Form W-2 and the various Form 1099s. The new law establishes a safe harbor for de minimis errors on information returns and payments. Issuers of information returns and payee statements … Continue reading →

Posted in Income Taxes Blog

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