News

Thursday September 19, 2019

Married Couples and Property
Personal Planner
Mary was a surviving spouse. She and her first spouse, Ryan owned a lovely home and placed it into joint...
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Home Sharing Programs Can Help Homeowners Find Renters
Savvy Living
Can you share information about renting out part of my home? I am 76-years-old and interested in renting out a spare room for extra cash and for some help around the house. Renting out a spare room in your house is a great way to generate some extra income and even get some help with chores. To find a good fit, older homeowners often turn to a "home sharing program" that matches an empty nester with someone needing affordable housing. Please be aware that home sharing is not for everyone and may require a business license in certain geographic locations. You need to carefully consider the...
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Making Correct Quarterly Estimated Tax Payments
Washington News
In IR-2019-152, the Service reminded certain taxpayers the third quarter estimated tax payment is due on September 16, 2019. The fourth quarter's estimated tax payment for tax year 2019 will be due on January 15, 2020. Most investors, self-employed individuals and workers in the sharing economy do not have wage withholding, but instead must make quarterly estimated tax payments. The IRS explained, "The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, fundamentally changed the way tax is calculated for most taxpayers, including those with income not subject to withholding." Most of...
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