by Michael Tannery | Family, Life, Taxes
We all have our memories of “Mom” and many of mine come from conversations I had with her in the kitchen. While I do have two siblings, I like to say that I am the oldest only child of three. My brother is five years younger and my sister is eight years younger.
I spent a lot of time as a child with mom before siblings came along and it continued while they were young. Thinking about those hours spent with Mom in the kitchen made me think of the lessons learned.
Those memories made range from simple conversations to the conversation when I was eight about how could Santa travel around the world in one night. I was convinced he could not make it all happen and yet today I still believe.
These are my top five lessons learned from kitchen conversations with mom. They are as applicable today as they were many years ago.
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by Michael Tannery | Family, Life, Taxes
Spring is here, it is time to purge
I have tried but I have no urge
Oh, wait what has happened to my stress
My house is clean and not a mess
It all looks so fine and exceptional
Only because I hired a professional
- Michael Tannery (with a glass of wine and apologies to Dr. Seuss)
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by Michael Tannery | Finances, Financial Planning, Taxes
“Phone ringing”
“Hello”
“This is the IRS and you owe taxes. Unless you pay RIGHT NOW with iTunes Gift cards we are going to come and take you to jail”
Sounds ludicrous, yet thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.
The IRS DOES NOT INITIATE CONTACT with TAXPAYERS. They do not use social media, email or text messages.
With just about six weeks left before the April filing deadline, the scammers and crooks are out in full force. The scammers are getting better by the day and have created many new angles to steal your money.
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by Michael Tannery | Financial Planning, Taxes
The House of Representatives and Senate have both passed the “Tax Cuts and Jobs Act.” And President Trump signed this legislation into law.
The compromise bill includes agreements on corporate and individual tax rates, the treatment of pass-through income, the estate tax, and itemized deductions such as those for mortgage interest and state and local taxes, among other areas.
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by Michael Tannery | Finances, Taxes
That’s not fair!” – How many times have you heard that cry from a child?
I created a “dadism” about that years ago. I would reply, “I know, life’s not fair then you die.”
Every day since the announcement of the proposed tax legislation, there are many variations of this reply to the elimination of the deduction for State and Local Income Taxes, Property Tax, and Sales Tax.
Those losing the deduction are the people that have been subsidized by nearly two-thirds of Americans. The renters are the ones that should be crying out that it is not fair.
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by Michael Tannery | Family, Life, Taxes
The calendar changed to November just in case you need a reminder in the middle of our 90-degree days! Buddy and I certainly liked the morning walk in the 40’s earlier this week.
With the calendar change, there are 52 shopping days till Christmas and 39 shopping days till Hanukah. The retailers are excited, the FedX and UPS delivery guys are preparing for the crush of deliveries and you might be wondering how did this happen so quickly?
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Employment