News

Wednesday September 18, 2019

Exciting events are happening at Hendrix College
Our News
Thank you for your interest in Hendrix College. Our hope is to serve you and your family with helpful information.
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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...
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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 these individuals have interest, dividends, capital gains, rental income or other types of taxable income. If you have substantial income, you may avoid an underpayment penalty by owing less than $1,000 in added tax for the year or (for most taxpayers) paying 90% or more of your 2019 tax obligation. Another option is to pay 100% of the tax due on last year's tax return (110% for taxpayers with...
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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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