Robert Ricco, Inc, An Accountancy Corporation

https://www.cnbc.com//your-refund-from-the-irs-may-arrive-

https://www.ccn.com/5-members-of-congress-strongly-urge-ir/

http://www.huffingtonpost.com//pros-and-cons-of-a-1031-t_b

http://www.investopedia.com//self-employed-tax-deductions.

http://www.thedailybeast.com//feds-slap-70-tax-on-legal-ma

http://www.bankrate.com/finance/taxes/tax-tips/

http://247wallst.com//06/the-seven-best-tax-free-investme/

http://www.techtimes.com//the-u-s-senate-moved-to-keep-the

http://www.journalofaccountancy.com//health-reform-prohibi

http://news.cchgroup.com//irs-increases-de-minimis-safe-h/

Walking Away from a California Corporation. Many taxpayers never formally dissolve their corporations, and they don’t want to spend the money to file bankruptcy or formally dissolve. They simply walk away and change careers, go to work for someone else, or retire (continued on page 4) https://www.caltax.com//pub/editorial/TL/2012/eTXL1112.pdf

How to market your Los Angeles home for film & photo shoots and potentially earn tax-free income. http://www.film.ca.gov/How_to_Market.htm

http://www.nolo.com//when-can-you-deduct-nonbusiness-debts

What's best? Sole Proprietorship (Independent Contractor) or S Corporation? Start: Sole Proprietorship Net Income (after business expenses) $40,000.00 Less: Federal Income Taxes Paid ($3,570.00)... Less: Self-Employment Tax ($5,652.00) Net Cash To Spend $30,778.00 Compare: Becoming an S Corp Net Income (after business expenses) $40,000.00 Less: Federal Income Taxes Paid ($3,465.00) Less: Payroll Taxes ($3,527.00) Net Cash To Spend $33,008.00 Cash Savings = $2,230.00 * Assumes a "reasonable" salary paid to owner/shareholder in the amount of $20,000.00 for 2015 **The above scenario is meant to provide a hypothetical example and does not take into account various factors that are not deemed critical for the sake of illustrating the significant tax savings opportunities afforded in an S Corporation structure vs. a sole proprietorship. As always, results will depend on each taxpayer's own unique tax situation.

The health insurance penalty is ramping up significantly. In 2016, you'll pay $695.00 per adult and $347.40 per child, to a maximum of $2,085, or 2.5% percent of their household income, whichever is greater. That’s a steep increase. Even if you qualify for one of the many exclusions, you may not know that some exceptions require you to apply for a certificate from the state or federal marketplace. You should do this in plenty of time so you have the required exemption certificate number when you file your tax returns.