Company News
We are excited to share that Pamela Setufe, CEO & Managing Partner of The WiseAnt Group, LLC was recognized by the Medical Group Management Association (MGMA) at the Medical Practice Excellence Conference #MPEC20 as a Fellow of the American Academy of Medical Practice Executives with the coveted FACMPE certification, the highest level of distinction in the field of medical practice management.
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Any amount of money that you didn’t expect to receive and is over your regular income is considered a cash windfall. Most would consider it to be any amount over $1,000, and quite often, the amount of money is much more than that. This could include but is not limited to an inheritance, a bonus at work, a legal settlement, a profit from selling a property or business, or winning the lottery.
Dealing with the IRS can be daunting sometimes. However, by law, all taxpayers have fundamental rights when interacting with the IRS, and all taxpayers should know and understand their rights.
It is not uncommon for teens and young adults to go into business for themselves over the summer or after school. This work can include babysitting, lawn mowing, dog walking, or other part-time or temporary work. When a teen or young adult is an employee of a business, their employer withholds taxes from their paycheck. However, when they are classified as an independent contractor or are self-employed, they’re responsible for paying taxes themselves.
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