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Showing posts from January, 2017

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Home Office Deduction

Home Office Deduction 中文  |  한국어  |  TiếngViệt  |  Pусский If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes.  Simplified Option For taxable years starting on, or after, January 1, 2013 (filed beginning in 2014), you now have a  simpler option  for computing the business use of your home (IRS Revenue Procedure 2013-13, January 15, 2013). The standard method has some calculation, allocation, and substantiation requirements that are complex and burdensome for small business owners. This new simplified option can significantly reduce recordkeeping burden by allowing a qualified taxpayer to multiply a prescribed rate by the allowable square footage of the office in lieu of determining actual expenses. Regular Method Taxpayers using the regular method (required for t...
Licensed Notary Service Our licensed professional notary public services are here to make life easier. Once your documents are notarized, we will help you make any necessary copies and send them where they need to go. Why do documents need to be notarized? A notary public acts as an impartial third-party witness to not only the signature of a document, but also that all parties who signed a document did so willingly and under their own free will. ​Types of documents that may require notarization: Wills Trusts Deeds Contracts Affidavits Be Prepared Bring a valid, government issued photo ID with you when you visit us for notary services. Laws vary by state and some documents may require witnesses in addition to the notarization.  In most cases, the notary cannot act as a witness.

The annual fee for not having insurance in 2016 is

The annual fee for not having insurance in 2016  is  $695  per adult and  $347.50  per child (up to  $2,085  for a family), or it’s  2.5%  of your household income above the tax return filing threshold for your filing status – whichever is greater. You’ll pay 1/12 of the total fee for each full month in which a family member went without coverage or an exemption.