You work very hard to make money, but do you know how to create wealth? Join TK every week as he talks money, taxes, real estate, retirement, and other important topics in personal finance. Teka Sahlu (TK), originally from Addis Ababa, Ethiopia, is a long-time resident of Atlanta who specializes in Accounting and Finance. TK has more than more than 30 years of experience and is a respected member of the Atlanta community. If you want to be better at managing money than your parents, this is the podcast for you. The TK show is broadcast live every week in the Amharic language.
There are many tax laws that changed this year than last year. What are they?
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Vocational Training that take less than a year and issues about the unemployment insurance and more
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We can always take a short training in an area that we feel comfortable. In every state there are many vocational training opportunities that are offered by universities and colleges. These schools give valuable certificates and only take less than a year. In fact some are done in weeks, months or at most a year. What are offered might surprise you.
It is there for the taking. Check your local colleges and universities and you will be surprised of the areas that they offer. Do not wait for the job to come to you but strive to go to the job..
We will explain the areas of training you can get. This program (show) will probably take two or three weeks.
Stay tuned..
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What is bankruptcy? It is a court proceeding in which a judge and court trustee examine the the assets and liabilities of individuals and businesses when they are faced with inability to pay liabilities
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Detailed steps needed to Start a Business. It may not be easy but if we do our homework things will get easier and smooth eventually. But a lot will depend on how much effort we do before we open a new business. Preparation is the a key factor.
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Detailed steps needed to Start a Business. It may not be easy but if we do our homework things will get easier and smooth eventually. But a lot will depend on how much effort we do before we open a new business. Preparation is the a key factor.
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Payroll issues are complicated. What are W-4, W-2, and other forms? Do we have to adjust our status and fill out a new W-4 when our status changes like because of marriage, death or when we get a child or/and even add a parent or other blood related relative(s) as our dependents? You will get it all
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The sky is the limit. There several chances to train. They are at the colleges and universities in your area. Most of them are certificates that could take you 3, 6, 9 months or year and the government will pay for you (in most instances)
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There are so many potentials for growth. One of them is short term TRAINING (education) to specialize in an area that we want to do TRAINING to specialize in the area that want is available every where and it is free and is takes less than a year some in fact from few weeks to few months. If we have the time and willingness some of us can use this opportunity to grow. What are some of them?
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Do we know what NASA stands for? Why is America spending billions of dollars on this program? Listen and get surprised by the unknown facts and why Haile Sellassie I University (HSIU) students of academic year 1969-1970 (including me) were wrong in their skepticism
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Start simple with your age and income and compare the rules and tax benefits of both. Although both of them are taxed at the current rate one is paid when you deposit and the other is taxed when you withdraw. They both have time restrictions as to when you can withdraw.
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Rental Real Estate irs.gov/ Schedule E. How to handle if we have rental property business. Classifications, Type of Property: Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land or others We will discuss, what to put on your lease, the Landlord/tenant relationship. Avoid Discrimination,Rights of Disabled Tenants, Reasonable Accommodations, Accessibility, needed Modifications Rental Applications and more
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Rental properties could be Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land, Royalties etc.
Detailed expenses should be kept on each property based on their property addresses. Schedule E of the IRS will show the items to be included. In addition to the expenses outline on the form we will explain other items to be included. Moreover we will discuss other expenses that could be included and items that have to appear in the lease agreement.
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If your business is not a Corporation (1120 C or 1120 S), If you are not a Partnership (1065) then all you need is Schedule C. An LLC with only one owner also needs Schedule C. This is a very important schedule for one owner businesses. A must listen
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What is the definition of disability? How long do we have to work to get the benefit?
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Retiring at 62 is considered early retirement. For doing that you could loose about 25 % of your full retirement money ie if your full retirement (66) is say $1,000.00 your early retirement benefit will be around $750.00
Do you have to wait until full retirement ie. 66 or increase your benefit by staying until 70? Carefully listen to the show. The answer is it all depends
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If you live in the US, buying a home is in most cases very apparent. We tend to believe that buying a home is an investment and it mostly is. This topic that started last week will go for the third week as it a broad topic. On tonight's show we showed some of "The Dirty Words that we get from the Lender" Here it explains how we could avert the negative responses from our lender.
You may have to listen to all the 3 shows to understand it in full.concept and reality of MORTGAGE
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Whenever mortgage rates are rising or falling some will tell you "it is time to buy or sell?"l. Is this the right decision? It depends.
It is not that simple since we have to satisfy so many factors, that is why we need to get prepared for this long time commitment.
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Success story from Wenchi a small but spectacular village near Ambo. The kids from Wenchi have learned by themselves more than they can learn in a kinder garden or elementary school. An 8 year old Kelbessa was able to turn on a disabled camera by going to settings all by himself. This kid have no TV nor any schooling. All of the kids were intelligence.
What is amazing is they ripped of the packages that were left to them in a tent and discovered the power button in about 4 minutes.. In 5 days these children with no formal education were using 47 apps. Amazingly they learned the ABC, AFG song in barely 2 weeks.
5 months later they did manage to circumvent the Android Security Settings with no intentions of MALICE.
Success story by MIT visionary whose experiment in Wenchi and other places (Peru, Uruguay, Rwanda and elsewhere called OLPC (One Laptop Per Child) worked so well....and now I do not the situation, because the major sponsor committed suicide while he was in jail.
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Rental properties could Single Family Residence, Multi Family Residence, Vacation/Short Term Rental, Commercial, Land (for events like a concert) etc.
Detailed expenses (on Schedule E) should be kept for each address. Schedule E of the IRS will show the items to be included. In addition to the expenses outlined on the form we will explain other items to be included.
We will also discuss items to be included in the lease and what legal rights we have as a landlord and legal rights of the tenants.
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If your business is not a corporation (1120 C or 1120 S) or you are not in Partnership ( 2 or more owners for the business) then all that you need to know for your taxes is Schedule C
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I had witnessed the use of computers at Haile Selassie I University some 50 yrs ago. What happened then and now? Some of us we have seen the growth of computers from mainframe to desktop, laptop, tablets and even our cellular phone (small but does wonders).
How has the social media affected our life in creating facts and baseless stories (fake information?
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They are both investments that we benefit during our retirement.. Although both are taxed at current rate, the tax is paid during depositing (Roth) and the other (Traditional IRA) the tax is paid at the time of withdrawal.
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We can always take a short training that we think we can feel comfortable. In every state there are many vocational training opportunities that are offered by universities and colleges. These schools give valuable certificates and only take less than a year. In fact some are done in hours, weeks, months and a year.
What are offered might surprise you.
It is there for the taking. Check your local colleges and universities and you will be surprised of the areas they offer. Do not wait for the job to come to you but strive to go to the JOB.
We will tell you the few areas of training, the rest would br yours to discover. This program will 2 or 3 weeks. STAY TUNED
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Social Security is perceived for the old or the retiring person? It is actually for the retiring but also for the disabled (before retirement) and beneficiaries (dependents and spouse)
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Who gets social security benefits? spouse, children and more. Do we get it because we are citizens??
The reality of Social Security.
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Retirement (Social Security) works this way. When we pay Social Security (it is mandatory) as an employee or self-employed it will eventually be used to calculate our pay when we retire, or our beneficiaries (the wife and other dependents).
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Detailed steps needed to start a business. It may not be easy but if we do our homework things will get easier and smooth eventually. Preparation is a key factor.
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Vocational training provides jobs. These programs generally focus on providing students with hand-on instructions and can lead to certification and diplomas.
Students may prepare for jobs such as:
Auto Repair
Plumbing
Carpentry and more
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Although both are taxable one is taxed when we withdraw it while Roth IRA is taxed when we deposit it. Traditional IRA is taxed when we with draw it, while Roth IRA is taxed when we invest it. Both of them have time restriction as to when they can be withdrawn.
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Payroll and payroll taxes. How do we differentiate an employee and self-employed? How are Social Security and Medicare deductions treated in both payroll and self-employment? We will tell you in detail. They have some similarities and differences.
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When do you decide to retire? It depends. How many kinds of banks are there and do you know which ones serve as more?
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what is the definition of disability? How long do you have to work to get disability benefit?
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Early Retirement gets reduced Pension money for the life of the person taking it. It is not increased when we reach 66 (the full retirement age). There are several reasons why we should retire early.
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Do we know that our legs are the most burdened part of our body?? Listen what a specialist says about it
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Not at all.
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The sky is the limit. There several chances to train. They are at the colleges and universities in your area. Most of them are certificates that could take you 3, 6, 9 months or year and the government will pay for you (in most instances)
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There are so many potentials for growth. One of them is short term TRAINING (education) to specialize in an area that we want to do TRAINING to specialize in the area that want is available every where and it is free and is takes less than a year some in fact from few weeks to few months. If we have the time and willingness some of us can use this opportunity to grow. What are some of them?
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We all all are not aware of the stock market, if you do not know at least
1. Invest in Apple, Tesla, or Amazon for any amount even a $1
2. Check FinanceBuzz and get cheaper insurance rates
3. To invest in real estate even if you own a house check Fundrise
4.Diversity your investment by going to GoldAlliance and more (investment in gold mostly doesn't go down)
This is a must listen show
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Retiring at 62 is considered early retirement. For doing that you could loose about 25 % of your full retirement money ie if your full retirement is say $1,000.00 your early retirement benefit will be around $750.00
Do you have to wait until full retirement ie. 66 or increase your benefit by staying until 70? Carefully listen to the show. The answer is it all depends
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There were so many government checks that we took, and other factors for the decrease of the refund. What were they?
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The IRS has informed us that they have a backlog of 2019/2020. How soon are we going to get our (2021 Tax return) refund?
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America is a land of opportunities only if you only want to be part of the opportunity.
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America is a land of opportunities. There are many things we can do to better ourselves. Investment is one of them.
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Why do we fear when we get tax letters? It may not be as bad as you think if you get a professional advice. Be calm and show it to a professional and it may be easier than you think. For our kids we can start early a small investment in Roth IRA, and by the time they retire they will have enough money to retire. We also had several questions from our listeners.
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Listeners were given air time to ask any financial or Tax Issues. They all used it very well. It was a very productive night.
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IRS warns any errors of preparing the 2021 Tax Return can result in delays in our REFUND. The IRS has unfinished Tax Returns and Amendments totaling over 9 Million. So what do we need to avoid the Errors?
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IRS is over burdened with millions of tax returns still unprocessed from last year, Navient (student loan giant) to pay 1.7 billion to predatory lending claims and more
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The IRS advice for the 2022 Tax Season, Obama Care deadline and more
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Issues we have to know about the above topics
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What do you need to know?
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Many/some of the documents you need to be prepared. What are they? If you do not want your REFUND or tax return to be processed late these are some of the facts you need to know.
A simple error could delay your refund and could take months to deal with the IRS. Remember, the IRS is very much affected by the virus. We have to be understandable.
What do we need to avoid the fiasco?
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Why do we have to check all these and other schedules? How often do we have to update them and what are their importance?
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Many tax documents will be mailed or emailed to you during the month of January 2022. Some are to be uploaded from web pages. How to gather those documents.
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There are some changes to our taxes for 2021. What are some of the changes that we need to know and inform our tax prepares.
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Do we know what NASA stands for? Why is America spending billions of dollars on this program? Listen and get surprised by the unknown facts and why Haile Sellassie I University (HSIU) students of academic year 1969-1970 (including me) were wrong in their skepticism
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Yes, if kids are given the opportunity and support of parents they can be creative and build big businesses. To create a big business you do not have to be highly educated.
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Why are so many of us followers? Do we have creative minds? Yes, but we probably are not using it. Simple people, educated or uneducated(most of them) have created multi-million businesses. How?
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Who are the beneficiaries of Retirement? It is more than you think. Yes, some of us have unemployment issues, what are they and more.
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50 years ago the payroll of Haile Sellasie I University employees was done by computer, how about now? The web has changed us dramatically-what are those changes?
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Tax filing deadline ( Oct 15, 2021),
Obamacare enrollment ( Nov. 1, 2021 -January 15, 2022) and mortgage issues
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If our forbearance ends , what are our options?
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This is a one-man show. When TK is not there no one can cover it. I was out of town with my youngest daughter. We went to her dream CONCERT, and glad we went. When this happens ( I am not live) there are several things you can do:
Listen to the archives of last week OR before. You would be surprised that you may not have heard the whole story. When I listen to after the show, let alone you, it even surprises me how much information I give to you and how I said them. I do not read a scripted show, it is all oral and spontaneous response or talk.
Pick a topic of your interest from the archives and listen. My show is not news but facts mostly. What I said about taxes, banks, unemployment a year, two years or more years ago are facts with little or no change in numbers.
If you speak Amharic this is your must listen show. What they say here (in the US) is DEATH AND TAXES are sure to happen. You may not want them but you cannot avoid them. Understanding the intricacies (details of the law) will surely enlighten you
I was on kind of Vacation, with my daughter but calls were coming . I know you sometimes desperately need answers but it is very hard for to address individual issues. I should not be in that condition because I am a private citizen with no obligation to answer calls that will only help ONE INDIVIDUAL. It is not good to ask question (s) without listening to the show. So please unless it is related to my business OUT OF STATE calls are not appreciated. PLEASE LISTEN TO THE SHOW 24/7 at
tktaxes.com
Please give this web page to everyone that you know. Let's popularize it because it helps our people. We need to educate ourselves with the taxes and financial issues of this great country. Education never stops. Let's be part of the American dream- grow
I am giving a a very valuable service with no fee. I asked for a "gofundme" contribution but out of the thousands of my listeners in the tktaxes.com (The tkshow) and hiberradio.com less than 70 people helped. My service will not be interrupted because of lack of contribution but it raises the issue of how is it going to be sustainable if this continues. I LEAVE THE ANSWER TO YOU ALL
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We have to make decisions on-on our mortgage payment plan. what are our options?
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The IRS has send the third round of Child Tax Credit. Are you getting the payments? What happens if you do not get the full, or part of it? We still have many issues concerning unemployment and the repayment of the amount we took
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For most of us our forbearance period is ending soon. What can we do to keep us afloat ?????
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Of the many jobs that the government says, here are the few
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Social Security is perceived for the old. It is a actually beneficial for all ages. Let's get it.
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Soour program for the night was interrupted. We asked some questions from our listeners and apparently we played nice oldies
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If you get a letter of payment for overpaid Unemployment Benefit (2020/2021)
Please listen to this show now
A must listen show
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GA Rental -and Mortgage Assistance has started. It could be similar or the same in other states. Please check your the situation in you state.
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Call the Georgia Department of Community Affairs and check if you can apply for Rental or -Mortgage Assistance (GA -833-827-7368) for other states Check the number by checking
Name of state Department of Community Affairs. Some are handled by the County.
It is First Come First Served so hurry
I will give more explanation on my next show of
tktaxes.com
Thursday August 5, 2021. Mean time please listen to my today's show and pass the word to others
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Workers in Indiana, Maryland, Texas and Ohio have sued the states..Other states may follow. What is the fate.
What are some of life adjustments we can do when our unemployment benefits run out?
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If you missed the $10,200.00 tax exemption from your unemployment benefit and the Advance Child Tax Credit checks are coming. The details and other questions from listeners.
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Before the Unemployment benefit was signed, I had a show that gave hope to our people. The virus was terrible, but I was ensuring our people that there is hope, there is money. Who of our people are able to get the unemployment benefit, how much? which of us will get and will not get? what were the amounts given to our children? what age-groups were to get the stimulus?
MUST LISTEN
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Beneficiaries could be spouse, biological child or children, adopted child, stepchild or a dependent grandchild and even ex-spouse.
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Who gets social security benefits- spouse, children and more. Do we get it because WE ARE CITIZENS? The reality of the social security.
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Retirement (Social Security) works this way. When we pay Social Security as an employee or self employed it will eventually be used to pay Retired People, People who are disable, Survivors of workers who have died and dependents of beneficiaries
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The IRS is sending letters to 36 million families who are getting the Advance Child Tax Credit. Who is getting and who is not getting it? If we have a child born in 2021 what do we need to do? The fate of the Renters'/mortgage assistance and looming evictions and foreclosure.
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Some states are terminating the $300.00 per week Unemployment Benefit, some are blaming people for not working but the reasons are not valid. It is an issue that is controversial. Listen to the show.
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The latest situations for the last employment benefits, states who refused to give the tax exemption for the unemployment benefit, rental and mortgage assistance
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Do you have proof to backup your claims of unemployment? How can we get Rental and Mortgage Assistance and more tax and unemployment questions. Our show is addressing questions that are vital to our people.
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Do we think as one nation or many nations? I do not have the answer...but what is the reason behind that concept of ONE NATION or nationalities?
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The show was "open mic night". Listeners were given the right to ask anything they needed an explanation
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There are several government entities ready to help us, iif we are way behind in our rental and mortgage payments. The first one to call will be the state's department of Community Affairs. e.g Georgia (Virginia, Maryland etc) Department of Community Affairs. Listen to the show. We will give you the details.
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What do we need to prepare ourselves to benefit from this packages?
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The details of the New Child Tax Credit we will get in probably July 2021. How about the Student Loan Forgiveness and more unemployment questions from listeners.
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The 1.9 trillion stimulus was passed for a reason. Is it good for us?
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The Federal Government will give an exemption from the total unemployment both taxpayers and their spouses- who gets it and how much? When are we getting the $1,400.00 stimulus package and more questions and answers from our listeners
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More Money is coming
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LOTS OF MONEY COMING TO US!!! An update on the new unemployment benefit we will be getting, a tax exemption on the 2020 unemployment compensation we received (1099-G) and the 3rd stimulus package ( and more questions and answers)
A must listen show
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YES, and it is real
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The 3rd Stimulus is on its way, how much are we expecting and what are the limits and who is included as dependent to get. Does it have age limitation like the first 2 stimulus?
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The Third Stimulus is coming, what are the issues being discussed by congress, senate and the president?
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There are many services we can get from the irs.gov. It is getting very user friendly. The Biden government is talking about a big Third Stimulus package. What should we expect?
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The Show is getting more interesting since we are entertaining questions from our listeners
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Are you ready to file your 2020 Tax Return? what do you need to get ready? Did you get the the first/ second stimulus package? How do you get both packages, in case you didn't. Do not worry, you will get one or both in your 2020 Tax Return?
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Why is the IRS telling us Electronic Filing is the best for our interest? Why the delay, but this is not the first time.
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IRS has announced that 2021 tax filing season begins Feb.12, 2021
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If you you didn't get the first or second stimulus payment , what do you need to get one or both of them?
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The final version of the stimulus and unemployment were different from the long discussion by the White House, The Senate and The House. If we didn't get what we deserve, what do we do?
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What are included in the second stimulus package and unemployment benefit?
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We have some some chance depending on how the congress, senate and the president react to straighten up the hurdle ($600 vs $2,000) the coming week (the week starting Dec. 28,2020
There is a suggestion to increase the show from 1 hour to more than an hour so the out of state calls during normal working hours are avoided. What do you think? Your suggestions are welcome.
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Lawmakers and the president are getting closer to helping families that are hurting. A $300.00 check for 16 weeks could be on its way if what we are hearing comes to reality.
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We are not sure but we will know it sooner than we think.
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How true is it? Are they ready to give us before they go for vacation? How much can we take out of our 401 and not pay penalty?
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What do we need to know when we want to claim disability? illegibility issues, and the documents we need to prepare?
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What do we need to know about Retirement? There are so many issues we have to know before we retire. It needs some serious preparations.
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It is time you enroll for Obama Care, if it survives a Court decision. You could be young but your retirement is coming. What have you done for your retirement?
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We will Broadcast it Nov. 5, 2020. The topic will be Retirement (Pension)
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What are our options to save our homes from FORECLOSURE?
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Do we see any clue that they will work on the Stimulus Package and Unemployment Benefits sooner?
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Vocational Training that take less than a year and issues about the unemployment insurance and more
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How close are Congress and the White House? The Numbers are getting closer but both are not ready to satisfy each others desires
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Training that we can get in less than a year
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We can always take a short training in an area that we feel comfortable. In every state there are many vocational training opportunities that are offered by universities and colleges. These schools give valuable certificates and only take less than a year. In fact some are done in weeks, months or at most a year. What are offered might surprise you.
It is there for the taking. Check your local colleges and universities and you will be surprised of the areas that they offer. Do not wait for the job to come to you but strive to go to the job..
We will explain the areas of training you can get. This program (show) will probably take two or three weeks.
Stay tuned..
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What are our options after our Mortgage forbearance ends? Must listen show.
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The problem of the COVID-19 unending and the unemployment soaring there is a serious economic problem faced by every household. What do we need to do to save our house from being foreclosed?
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Are we getting the Stimulus / the Unemployment Benefit?
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The Three Branches of Government could not agree on many issues. What are the major differences?
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Why did it fail to be approved by the House, Senate and the White House? Does it have any chance of ever passing? What happens to President's "executive power" on The Stimulus? Will we ever get it?
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It looks like it, but we have to wait and see if it gets finalized before the Senate goes for
recess
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A preliminary view of the Second Stimulus Package and more
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Some analysis about the first Stimulus and the Second Stimulus and more Unemployment issues
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Update on the second stimulus and some more questions about Unemployment
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So many interesting questions on Unemployment, Stimulus and Taxes
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The House is proposing $3 trillion, McConnell (Senate) $1 trillion, the president at least $2 trillion
.3.
n
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Very amazing participation to our live show about issues that are our people are facing concerning the Unemployment Insurance and Pandemic Unemployment Assistance ( PUA)
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Many people are tired of the problem that they have to get their stimulus and unemployment benefits. Understandably, yes and listen to my answers.
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The Stimulus and Unemployment continued
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Questions that were asked by our listeners from all over the United States
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More questions from listeners about the Stimulus and Unemployment. We had a very interesting explanation given by Dr. Ermias Tilahun. Dr Ermias then brilliantly answered questions from our listeners. We all did learn a lot about the Corona-virus and what preventive methods we can use to avoid it. Since he spoke in our language ( TK, Fifi -co-host and listeners were very happy about his performance.
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Two hours of questions and answers. It was well rounded and several key issues were addressed from different corners of the United Stated State
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Questions answered by the Host TK (Teka Kelele Sahlu). A must listen show.
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The $1,200.00 why is it late? Why is the unemployment web-page very unfriendly?
The very interesting questions raised by our listeners and answers from The TK Show host (TK)
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Why did some got all and some didn't get even one?
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When are we getting the Stimulus Checks ($1,200.00), Unemployment Benefits for the Employed and Self-employed?
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Who gets unemployment Insurance? unemployed employees
& Self-Employed
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The discussion that focused on the Unemployment check for the Self-employed individuals
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Who gets unemployment insurance? Employees and Self-Employed people. How Much? and has it started yet?
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In the next 3 weeks many people will start receiving part of the 2 trillion economic stimulus. What are the requirements and what do we need to do? If we want direct deposit the IRS is going to give us the option to send our routing and account no. sometimes this week or so, and it will be direct deposited to our bank. What happens if we did not file 2019 or 2018?.
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Who will get the stimulus payment? Who is eligible for unemployment check? for how long?
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The final part of rental property. What happens if the tenant fails to pay rent? Some of the legal procedures you should follow. If you have to take the tenant to court you probably do not need an attorney to evict the tenant. The procedure is doable, by any one of us, if we have the time.
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Rental property looks like an easy and great investment until you get into it. We have to do our homework before we venture on it. What do we need to know?
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If your business is not a Corporation (1120 C or 1120 S), If you are not a Partnership (1065) then all you need is Schedule C. An LLC with only one owner also needs Schedule C. This is a very important schedule for one owner businesses. A must listen
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Payroll issues are complicated. What are W-4, W-2, and other forms? Do we have to adjust our status and fill out a new W-4 when our status changes like because of marriage, death or when we get a child or/and even add a parent or other blood related relative(s) as our dependents? You will get it all
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What are the precautions we have do when we claim the Earned Income Tax Credit (EITC) ?
Who can claim an Education Credit" Who can't?
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What is it? Who gets it? and what are the strict guidelines to get it? a government giveaway that some abuse.
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Most of us can face a problem of paying our Mortgage and face foreclosure...can we avoid it? YES
Can we buy a house if we have Bad Credit? Yes
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What do you need to do to avoid foreclosure or loosing your home? Must listen program
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The 2020 Tax Season will start at full swing on Monday January 27, 2020. What do we need to do? Toyota has recalled 700,000 vehicles (in the US) what do we need to do? Wen paying our mortgage is a struggle, there are many ways we can save our house from foreclosure. What are they?
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Toyota is recalling 700,000 because of fuel pump failure that can cause engine to stall in the middle of the highway or road.These for vehicle of 2018 and 2019 and more. PLEASE DO NOT TAKE IT EASY. IT CAN CAUSE YOU A DISASTER.
When will we be able to file our 2019 Tax Returns?
Cars to be discontinued in 2020
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I had wtnessed the use of computers at Haile Sellasie I University some 50 yrs ago. What happened then and now? Some of us we have seen the growth of computers from mainframe to desktop, laptop, tablets and the cellular. How has the social media affected our life in creating facts and baseless stories (fake information) ?
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All/most Tax documents will be mailed in January. The deadline for mailing the tax documents is January 31, 2020. Back in the 80's since we had no computers we use to take the whole month to prepare them, and quite frankly we use to wait until the last minute because you cannot correct on the same form like the W-2. We had the problem of balancing the W-2 with the W--3 and quarterly 941 reports.for everything was done manually- carbon copies, typewriters and adding machines. Thanks to the coming of computers everything is smooth. You do the payroll right it generates: the paycheck, the 941, the W-2, W-3 and more.
Very likely you will get all necessary tax documents from your employer, banks, mortgage companies, daycare centers and more. Please put all documents in one large envelope.
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It has become normal that you can buy anything online. Because of the loss of business some of the biggest companies are closing their traditional business practices and closing some of our favorite stores.
Our next topic would be Facebook and the reality and precautions we have to consider, we will also talk about cars to be discontinued in 2020.
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A successful experiment in Wenchi, Ethiopia, showed us that in the remote part of Ethiopia kids that have never been in school, just shepherds of cows in the morning and goats in the afternoon learned more than any ones expectation with the help of tablets. Children are autodidacts (self-teaching). Kids don't have to be taught how to walk and speak.
What you need to know about Obama Care last minute enrollment-the deadline is December 15, 2019 (Sunday) and some plans of The TK Show plans for 2020.
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Success story from Wenchi a village near Ambo. The kids from Wenchi have learned by themselves more than they can in one year of kindergarten. An 8-year old Kelbesa Negusse was able to turn on a disable camera by going to settings all by himself
What is most amazing is they ripped off the packaging in 4 minutes.and located the power button. In 5 days these children who were not taught were using 47 apps.They learned the ABC song in 2 weeks. In 5 months they did manage to circumvent the Android security settings.
Success story by MIT visionaries whose experiment in Wenchi and other places (Peru, Uruguay and Rwanda) under a program called "One Laptop Per Child" (OLPC).
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Do not pressure yourself, it is easy to get it. If you had Obama Care in 2019 all you need is a few minutes call to update your information if there are any changes. If not, your information is already transferred for the fiscal year 2020 even if your insurance was discontinued for failure to pay or provide documents requested.
Just call 1-800-318-2596 24/7 except holidays and verify if your information is transferred and tell them of the changes if at all you have some changes in status, family size, pregnancy,disability, income and residential change if not you are all set.
Vehicles to be discontinued in 2020 and why is it important to know?
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By January 14, 2020 Microsoft will not offer free support for Windows 7. After that date Microsoft will not offer updates, technical help and security. Every one must upgrade to Windows 10 to benefit from encryption, speed, security and tamper-proof operating system.
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Rental Real Estate irs.gov/ Schedule E. How to handle if we have rental property business. Classifications, Type of Property: Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land or others We will discuss, what to put on your lease, the Landlord/tenant relationship. Avoid Discrimination,Rights of Disabled Tenants, Reasonable Accommodations, Accessibility, needed Modifications Rental Applications and more
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Rental properties could be Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land, Royalties etc.
Detailed expenses should be kept on each property based on their property addresses. Schedule E of the IRS will show the items to be included. In addition to the expenses outline on the form we will explain other items to be included. Moreover we will discuss other expenses that could be included and items that have to appear in the lease agreement.
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If you are a self-employed Taxi, Shuttle, Limousine driver or a self-employed Accountant, Lawyer etc this is the schedule that you have to know very well. Of the many schedules we have, this is the most used. Get a detailed information
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Final details of mortgage issues and the current robocalls to reach people warning final notices reaching to inform people that their Social Security has been found with suspicious and fraudulent activities. And to avoid the suspension asks people TO CALL.
Please do not call
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If you live in the US, buying a home is in most cases very apparent. We tend to believe that buying a home is an investment and it mostly is. This topic that started last week will go for the third week as it a broad topic. On tonight's show we showed some of "The Dirty Words that we get from the Lender" Here it explains how we could avert the negative responses from our lender.
You may have to listen to all the 3 shows to understand it in full.concept and reality of MORTGAGE
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With mortgage rates going up and down some think that is not time or is time to buy. But buying a house is not what you want and making a deal with the seller. You still need to secure a mortgage because you have to get approved and secured to get the loan from a LENDER.
IF YOU WANT TO GET A LENDER, THERE ARE SOME STEPS YOU SHOULD TAKE AS SOON AS POSSIBLE i.e do your homework
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When mortgage rate are rising and falling some will tell you 'it is time to buy' or 'not time to buy". However buying a house is not that simple. It is not as easy as finding the house you want and a deal with a seller.
We all need to secure a mortgage, and although it seems relatively easy it will be a challenge to many of us, if we are unprepared for the loan. So what do we need to do?
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When we talk of a bank, what come to mind is in the institution that holds your regular checking and saving account. In reality there are several different types of banks that serve our different needs. Here we will explain the different banks specializing in unique areas to serve our needs.
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Start simple with your age and income and compare the rules and tax benefits of both. Although both of them are taxed at the current rate one is paid when you deposit and the other is taxed when you withdraw. They both have time restrictions as to when you can withdraw.
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What is bankruptcy? It is a court proceeding in which a judge and court trustee examine the the assets and liabilities of individuals and businesses when they are faced with inability to pay liabilities
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Security threats to Tax professionals and their clients is becoming an ever increasing problem. How do avoid or reduce it?
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We probably think it is not hard to start a business. Believe me it is not what we think, It needs a lot of planning and preparation, no matter how small the business we are thinking
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Detailed steps needed to Start a Business. It may not be easy but if we do our homework things will get easier and smooth eventually. But a lot will depend on how much effort we do before we open a new business. Preparation is the a key factor.
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Continuation of Payroll Issues from July 25, 2019 and some elaboration of the contents of your your W-2 - Income Tax,Social Security, Medicare and others
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Payroll and payroll taxes. How do we differentiate an employee and self-employed. How are Social Security and medicare deductions treated in both payroll and self-employment? We will tell you in detail. They have some similarities and differences
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Every year during the tax season people ask, why do I get less Earned Income Tax Credit than my friend, relative or my work mate? Listen to the show and you will get the answer
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The history of Earned Income Credit, what it was and what it is now
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Vocational Training provides job-specific technical training for work. These programs generally focus on providing students with hands-on instructions and can lead to certification, a diploma or certificate. Students may prepare for jobs such as:
Auto repair
Plumbing
Carpentry
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When should you retire? We also talk about the different kinds of banks: Commercial, Savings, Retail Banks etc.
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Continuing his social security topics from the last two episodes, TK dives into disability, how the government defines it, and the process for obtaining social security disability benefits.
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This is the second part of our social security discussions. We will talk about your social security benefits, how to ensure you qualify, and we will clear up common misconceptions about your social security benefits.
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