Articles

Richard Streitfeld – Buddhist Mensch

Unintended Consequences
Medicaid and the Affordable Care Act

While Obamacare has expanded healthcare coverage dramatically, it has also created some new difficulties. Consider:  “June Cleaver” is a single parent of two boys- Wally and Theodore (“Beaver”).  She just became a real estate broker and made $25,000 in 2015. JUNE’S HEALTHCARE OPTIONS FOR 2016 Medicaid.  The family’s projected income  for 2016 (based on 2015)
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Where’s My Refund?

Click on the links below for access to the agency of your choosing. IRS – https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp RI – https://www.ri.gov/taxation/refund/ MA – https://wfb.dor.state.ma.us/webfile/wsi/Public/Webforms/Features/ViewActivity.aspx – If you have not registered yet, you will be provided a link to do so. You must register on the site before using this feature.

Richard Streitfeld – Buddhist Mensch

Don’t Get Spooked

These items could give you nightmares if you are not careful: Miscalculating your Obamacare Subsidy Did you get hit with a penalty on your tax return, related to your health insurance? Explanation: Obamacare subsidizes your health insurance if your income is below a certain threshold. It upfronts the subisdy during the year, based on the
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Richard Streitfeld – Buddhist Mensch

Withholding 101

I have a prosperous and intelligent — let’s say attorney — as a client. “Shirley” was experiencing some cash flow issues last summer so I took a look at her year to date income and withholdings and projected what her tax return would look like come April. The news was good —she had already met
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Marina Darlow

What to Automate FIRST to Keep Your Sanity

  Being creative. This is my favorite state of mind, and probably one of the bigger reasons I have my own business. As a creative person working for myself, I’ve experienced more than a few moments when stuff gets… chaotic. Can you relate? “I’m an entrepreneur, I’m wearing many hats!” “I’m sleeping less than a
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Richard Streitfeld – Buddhist Mensch

Don’t Be Stupid Keep
Your Business Filings Current

Q: “Why did the State revoke my charter? #$???!! –Cursed in Cranston (Rhode Island) A: Incorporation and organization (the rough equivalent of incorporation for LLC’s)  are established under the auspices of state government. As such, your entities must generally file reports and pay fees, usually annually and to the Secretary of (your) State, to remain in “good
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Guest author W. Parish Lentz

Parents: Give your Graduate and yourselves the gift of 3 critical estate plan documents

Congratulations parents of graduates from high school and college! Time to celebrate and prepare for the next stage of life for your children.  While always children in your eyes, upon reaching the age of 18, all individuals are ADULTS in the eyes of the law, both state and federal, with a slew of rights and
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Guest author Zona Douthit

You Can’t Take It with You, But…

If you have a will—or don’t have a will—your estate must be probated. Probate is a court process where your assets are gathered, bills are paid, and the residue is distributed to your heirs. It can take anywhere from 6-18 months for an average case, partly because Rhode Island has 39 part-time probate judges. For
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Richard Streitfeld – Buddhist Mensch

Dumping on the IRS

“Why can’t I get through to the IRS?” Abandoned in Indiana  Try working for this company: Your budget has been sliced and diced, your workforce is 17% smaller than five years ago  and your computers are vintage 1985. Meanwhile the company is expanding sales at a rapid rate, and your newest products are more complicated than ever. That’s
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Richard Streitfeld – Buddhist Mensch

Remembrance of Things Past

I’ve done over thirty issues of Enlightened Accounting, covering an array of topics. I thought it might be useful to highlight some of the topics I’ve addressed and link them to the appropriate articles. MARRIAGE AND DIVORCE Spousal Protection Programs Did you lose your refund because of Charles’ student loans? There may be hope. Tax
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