The TK Show

There are many tax laws that changed this year than last year.  What are they?Support the show

Vocational Training that take less than a year and issues about the unemployment insurance and moreSupport the show

Training that we can get in less than a yearSupport the show

We can always take a short training in an area that we feel comfortable. In every state there are many vocational training opportunities  that are offered by universities and colleges. These schools give valuable certificates and only take less than a year.  In fact some are done in weeks, months or at  most a year. What are offered might surprise you.  It is there for the taking.  Check your local colleges and universities and you will be surprised of the areas that they offer.  Do not wait for the job to come to you but strive to go to the job..We will explain the areas of training you can get.  This program (show) will probably take two or three weeks.Stay tuned..Support the show

 What is bankruptcy? It is a court proceeding in which a judge and court trustee examine the the assets and liabilities of individuals and businesses when they are faced with inability to pay liabilities  Support the show

Detailed steps needed to Start a Business.  It may not be easy but if we do our homework things will get easier and smooth eventually.  But a lot will depend on how much effort we do before we open a new business.  Preparation is the a key factor.Support the show

Detailed steps needed to Start a Business.  It may not be easy but if we do our homework things will get easier and smooth eventually.  But a lot will depend on how much effort we do before we open a new business.  Preparation is the a key factor.Support the show

Payroll issues are complicated. What are W-4, W-2, and other forms?  Do we have to adjust our status and fill out a new W-4 when our status changes like because of marriage, death or when we get a child or/and even add a parent or other blood related relative(s) as our dependents?  You will get it allSupport the show

If you do, the sky is the limit.  There several chances to train.  They are at the  colleges and universities in your area.  Most of them are certificates that could take you 3, 6, 9 months or year and the government will pay for you (in most instances)Support the show

There are so many potentials for growth.  One of them is short term TRAINING (education) to specialize in an area that we want to do  TRAINING to specialize in the area that want is available every where and it is free and is takes less than a year some in fact from few weeks to few months.  If we have the time and willingness some of us can use this opportunity to grow.  What are some of them?Support the show

Do we know what NASA stands for?  Why is America spending billions of dollars on this program?  Listen and get surprised by the unknown facts and why Haile Sellassie I University (HSIU)  students of academic year 1969-1970 (including me) were wrong  in their skepticismSupport the show

Start simple with your age and income and compare the rules and tax benefits of both. Although both of them are taxed at the current rate one is paid when you deposit and the other is taxed when you withdraw. They both have time restrictions as to when you can withdraw.Support the show

Rental Real Estate irs.gov/ Schedule E. How to handle if we have rental property business.  Classifications, Type of Property: Single Family Residence, Multi-Family Residence, Vacation/Short Term Rental, Commercial, Land or others  We will discuss, what to put on your lease, the Landlord/tenant relationship.  Avoid Discrimination,Rights of Disabled Tenants, Reasonable Accommodations, Accessibility, needed Modifications Rental Applications and moreSupport the show

Rental properties could be Single Family Residence, Multi-Family Residence,  Vacation/Short Term Rental, Commercial, Land, Royalties etc.Detailed expenses should be kept on each property based on their property addresses.  Schedule E of the IRS will show the items to be included. In addition to the expenses outline on the form we will explain other items to be included.  Moreover we will discuss other expenses that could be included and items that have to appear in the lease agreement.Support the show

If your business is not a Corporation (1120 C or 1120 S), If you are not a Partnership (1065) then all you need is Schedule C.  An LLC with only one owner also needs Schedule C. This is a very important schedule for one owner businesses.  A must listenSupport the show

What is the definition of disability? How long do we have to work to get the benefit?Support the show

Retiring at 62 is considered early retirement.  For doing that you could loose about 25 % of your full retirement money ie if your full retirement (66) is say $1,000.00 your early retirement benefit will be around $750.00Do you have to wait until full retirement ie. 66 or increase your benefit by staying until 70?  Carefully listen to the show.  The answer is it all dependsSupport the show

If you live in the US, buying a home is in most cases very apparent.  We tend to believe that buying a home is an investment and it mostly is.  This topic that started last week will go for the third week as it a broad topic.  On tonight's show we showed some of "The Dirty Words that we get from the Lender"   Here  it explains how we could avert the negative responses from our lender.You may have to listen to all the 3 shows to understand it in full.concept and reality of MORTGAGESupport the showSupport the show

Whenever mortgage rates are rising or falling some will tell you "it is time to buy or sell?"l.  Is this the right decision?   It depends. It is not that simple since we have to satisfy so many factors, that is why we need to get prepared for this long  time commitment.Support the show

Success story from Wenchi a small but spectacular village near Ambo.  The kids from Wenchi have learned by themselves more than they can learn in a kinder garden  or elementary school.  An 8 year old Kelbessa was able to turn on a disabled camera by going to settings all by himself.  This kid have no TV nor any schooling. All of the kids were intelligence.What is amazing is they ripped of the packages that were left to them in a tent and discovered the power button in about 4 minutes..  In 5 days these children with no formal education were using 47 apps.  Amazingly they learned the ABC, AFG song in barely 2 weeks.5 months later they did manage to circumvent the Android Security Settings with no intentions of MALICE.Success story by MIT visionary whose experiment in Wenchi and other places (Peru, Uruguay, Rwanda and elsewhere called OLPC (One Laptop Per Child) worked so well....and now I do not the situation, because the major sponsor committed suicide while he was in jail.Support the show

Rental properties could Single Family Residence, Multi Family Residence, Vacation/Short Term Rental, Commercial, Land (for events like a concert) etc.Detailed expenses (on Schedule E) should be kept for each address.  Schedule E of the IRS will show the items to be included.  In addition to the expenses outlined on the form we will explain other items to be included.We will also discuss items to be included in the lease and what legal rights we have as a landlord and legal rights of the tenants.Support the show

If your business is not a corporation (1120 C or 1120 S) or you are not in Partnership ( 2 or more owners for the business) then all that you need to know for your taxes is Schedule CSupport the show

I had witnessed the use of computers at Haile Selassie I University some 50 yrs ago. What happened then and now?  Some of us we have seen the growth of computers from mainframe to desktop, laptop, tablets and even our cellular phone (small but does wonders).How has the social media affected our life in creating facts and baseless stories (fake information?Support the show

They are both investments that we benefit during our retirement..  Although both are taxed at current rate, the tax is paid during depositing (Roth) and the other (Traditional IRA) the tax is paid at the time of withdrawal.Support the show

Training we can get in less than a year and moreSupport the show

We can always take a short training that we think we can feel comfortable.  In every state there are many vocational training opportunities that are offered by universities and colleges.  These schools give valuable certificates and only take less than a year.  In fact some are done in hours, weeks, months and a year.What are offered might surprise you.It is there for the taking.  Check your local colleges and universities and you will be surprised of the areas  they offer.  Do not wait for the job to come to you but strive to go to the JOB. We will tell you the few areas of training, the rest would br yours to discover.  This program will 2 or 3 weeks.  STAY TUNEDSupport the show

Social Security is perceived for the old or the retiring person?  It is actually for the retiring but also for the disabled (before retirement) and beneficiaries (dependents and spouse)Support the show

Who gets social security benefits?  spouse, children and more.  Do we get it because we are citizens??  The reality of Social Security.Support the show

Retirement (Social Security) works this way.  When we pay Social Security (it is mandatory) as an employee or self-employed it will eventually be used to calculate our pay when we retire, or  our beneficiaries (the wife and other dependents). Support the show

Detailed steps needed to start a business.  It may  not be easy but if we do our homework things will get easier and smooth eventually.  Preparation is a key factor.Support the show

Vocational training provides jobs.  These programs generally focus on providing students with hand-on instructions and can lead to certification and diplomas.Students may prepare for jobs such as:Auto RepairPlumbingCarpentry and more Support the show

Although both are taxable one is taxed when we withdraw it while Roth IRA is taxed when we deposit it.    Traditional IRA is taxed when we with draw it, while Roth IRA is taxed when we invest it.  Both of them have time restriction as to when they can be withdrawn.Support the show

Payroll and payroll taxes.  How do we differentiate an employee and self-employed?  How are Social Security and Medicare deductions treated in both payroll and self-employment?  We will tell you in detail.  They have some similarities and differences.Support the show

When do you decide to retire? It depends. How many kinds of banks are there and  do you know which ones serve as more?Support the show

what is the definition of disability?  How long do you have to work to get disability benefit?Support the show

Early Retirement gets reduced Pension money for the life of the person taking it.  It is not increased when we reach 66 (the full retirement age).  There are several reasons why we should retire early.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

Do we know that our legs are the most burdened part of our body??  Listen what a specialist says about itSupport the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

Not at all.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

The sky is the limit.  There several chances to train.  They are at the  colleges and universities in your area.  Most of them are certificates that could take you 3, 6, 9 months or year and the government will pay for you (in most instances)Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

There are so many potentials for growth.  One of them is short term TRAINING (education) to specialize in an area that we want to do  TRAINING to specialize in the area that want is available every where and it is free and is takes less than a year some in fact from few weeks to few months.  If we have the time and willingness some of us can use this opportunity to grow.  What are some of them?Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

We all all are not aware of the stock market, if you do not know at least1.  Invest in Apple, Tesla, or Amazon for any amount even a $12. Check FinanceBuzz and get cheaper insurance  rates3. To invest in real estate even if you own a house check Fundrise4.Diversity your investment  by going to GoldAlliance and more (investment in gold mostly doesn't go down)This is a must listen showSupport the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

Retiring at 62 is considered early retirement.  For doing that you could loose about 25 % of your full retirement money ie if your full retirement is say $1,000.00 your early retirement benefit will be around $750.00Do you have to wait until full retirement ie. 66 or increase your benefit by staying until 70?  Carefully listen to the show.  The answer is it all dependsSupport the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

There were so many government checks that we took, and other factors for the decrease of the refund.  What were they?Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

The IRS has informed us that  they have a backlog of 2019/2020.  How soon are we going to get our (2021 Tax return) refund?Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

America is a land of opportunities only if you only want to be part of the opportunity.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

America is a land of opportunities.  There are many things we can do to better ourselves.  Investment is one of them.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

Why do we fear when we get tax letters?  It may not be as bad as you think if you get a professional advice.  Be calm and show it to a professional and it may be easier than you think.  For our kids we can start early a small  investment  in Roth IRA,  and by the time they retire they will have enough money to retire.  We also had several questions from our listeners.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

Listeners were given air time to ask any financial or Tax Issues. They all used it  very well.  It was a very productive night.Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

IRS warns any errors of preparing the 2021 Tax Return can result in delays in our REFUND.  The IRS has unfinished Tax Returns and Amendments totaling over 9 Million. So what do we need to avoid the Errors?Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

IRS is over burdened with millions of tax returns still unprocessed from last year, Navient (student loan giant) to pay 1.7 billion to predatory lending claims and moreSupport the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)

The IRS advice for the 2022 Tax Season, Obama Care deadline and moreSupport the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=JHSCA4VS8F2NE&source=url)