going to start their own compan you do 1099 work. in california they banned that they have major fights if you are caught hiring an independen contractor. is having an impact on the poke industry because about 20% of truck drivers are independent contractors. now they re saying they will no longer work in california ever heard of supply chain. it s going to come. i can t wait till all the stove are electric and everything in the house is electric and then they re going to be where we going to get the electricity. standby for the nightcap hits cindy williams who starred in laverne and shirley passed away after a brief illness. this is according to her family. her acting credits included american graffiti and the conversation but she was far best known for playing shortly opposite penny marshall in the hit sitcom that ran from 1976- 1983 paid cindy williams, 75 years old.
remember the front page new york times story, i think peter baker wrote it, about individual one, individual one. it just jumped off the page. we all knew it was donald trump. what are they still looking for? it seems they knew then what trump s role was in the hush money payments. i can t wait to hear what michael cohen has to say, but when we got the taxes and looked at them in 2020 and we got taxes up to 2018 for 20 years, his personal and corporate, the first thing that we went in there and we thought, let s see if the stormy daniels payment is there. is it there directly in the form of a payment to stormy daniels? it would be like a 1099, a one-off payment. was there a payment to the company? we couldn t find either of those. the other thing we looked for, was there a one-off payment to michael cohen that might have accounted for that $130,000. we also couldn t find that, and he s a salaried employee and we
revenue out of it but also if people know you re not going to verify then the game is over. so it s part of doing your job. not to audit him at all is one thing but suppose you audit him as they have like one person who is doing it all by him or herself with no help and not allowed to consult others, that s not a real audit. yeah. pays state and local income taxes, they can audit that person with one person. you and i can get audited in the sense if we forget to include a 1099 we ll get a computer generated letter. right. you got to do more. yeah, it is interesting, just one person who is doing these kinds of audits. daniel shaviro, appreciate your time. kevin mccarthy is offering up a key concession to become house speaker. what he could be willing to give up to get more support before tuesday s vote. next. d enough. she took mucinex instasoothe sore throat lozenges.
deferring income, why? we want to lower the taxable income. there were some things you can do. first of all, maximize your contribution to your retirement plan and specifically iras. you can put in $6,000 or if 50 and above, $7,000. also get a 401(k) and take advantage of that, especially because many employers will match your contribution. recall that to cofor her. so you want to take advantage of that. next, a lot of people in the economy getting 1099s. that means you are self-employed. so there are deductions you can take advantage of that you normally wouldn t. make sure you keep all the support for those type of expenses occurring, next, stock market a little tough this year. if you have investment losses,