ABOUT MEI am currently a stay at home mom and my youngest son starts Kindergarten in the fall. I was formerly a special education teacher for 10 years. However, the requirements we put on our teachers these days are n...

The new law makes it easier for the IRS to find and stop refund fraud.Businesses who use Form 1099-MISC to report non-employee compensation, such as payments to independent contractors, are now required to file Copy A with the IRS by January 31.In the past, businesses typically had until the end of February, if filing on paper, or the end of March, if filing electronically, to submit their copies of this form.Something that hasn’t changed: a copies of Form 1099-MISC must still be provided to the worker by January 31.Also from  https://payroll.intuit.com/support/kb/2001909.htmlIn an effort to combat fraud, The Protecting Americans from Tax Hikes (PATH) Act of 2015, was passed by Congress and signed by President Obama in December.

It is undervalued but has some pillars that make it slightly more attractive including the University of Chicago, proximity to Lake Michigan, the Obama Presidential Library, a proposed Tiger Woods designed golf course, and increasing retail outlets.

The Moving Fee as a form of income to low income family is a toxic pill because 1_the moving fee is taxable by the City and State 2_Additional income could get their Earn Income Credit and Housing Assistance reduced and disqualified  3_Additional income could make the low income family disqualified for Medical benefit which force them paying out of pocket for Obama care or penalized by IRS for being uninsured.In that meeting, only small owners showed up giving testimonials and protest.

Here are the reasons.One, the additional income will negatively affect the low income tenant who lives on welfares including food stamp, earn income credit and obama care etc. 

He usually suggests setting up a S-Corp to save on state employment tax and Obama Care.

This includes escrow fees, real estate agent/broker commissions on both the buyer side and seller's side, recording fees, title insurance, etc.Capital Gains Taxes: Federal, State, Obama Care taxes, etc. can be up to 40% ish in some cases ... and this is on your depreciated basis.

As to real estate, immigration crack downs might effect that roofer you have, individual health care policies might drive up the cost of doing business for small contractors if they will still be required to be covered, seems they want to get rid of Obama Care but still want everyone covered.....we will see.

President Obama summed up the logic in a speech, "If you have been successful, you didn't get that on your own." and goes on to say "if you have got a business, you didn't build that, someone else did".

He would blame it on Congress, Obama, etc.