How do I start a homebased business? Just do it. Use your name and social security number on Schedule C of your 1040 tax return. Get a website, social media, email address, and business cards – all for under $25! Everyone can be a sole proprietor of a consulting business advising others in low risk […]
Tom: Good morning, Mellody! You are joining us this morning with some reminders for our taxes. Mellody: I am, Tom. I know it is not always a favorite topic, especially to kick off the week, but it really is important to start looking ahead to tax time. This past week, the IRS officially opened tax […]
Tom: Very interesting topic today – we are talking interest rates and race? Mellody: That is correct, Tom. A study published in july found a significant discrepancy between the interest rates that people of different races are charged on home mortgages. Black americans pay higher interest rates that white americans who have the same financial background. […]
Over the weekend we reported that the King of the South, T.I. and his wife, Tameka “Tiny” Cottle, were dinged by the IRS for back taxes to the tune of $4.5 million. Whoa! Well, in a statement to US Weekly, T.I.’s representative says the rapper/actor plans to “speak with the right parties to resolve the […]
Tom: You are joining us this morning with some news on wages. Mellody: I am, Tom. Last week, the labor department released the official numbers on wages and salary information from the first quarter of 2015, and it looks like things might be looking up. Wages and salaries rose at a faster pace in […]
Roland Martin talks with the Washington Post‘s Michelle Singletary about The Pew Study which showed 40% of women are the primary breadwinners in the home.
WASHINGTON (AP) — America’s working mothers are now the primary breadwinners in a record 40 percent of households with children — a milestone in the changing face of modern families, up from just 11 percent in 1960. The findings by the Pew Research Center, released Wednesday, highlight the growing influence of “breadwinner moms” who keep […]
For New Jersey Powerball lottery winner Pedro Quezada, the Dominican bodega owner who just collected $215 million, the adage “Mo’ money, mo’ problems” has already proven true. Just days after winning the fourth largest Powerball jackpot in history, New Jersey authorities say he’s subject to arrest for the $29,000 he owes in back child support. […]
