Your Look At Things You Need To Know For Your Sunday

As you face your day, Smile Often, Think Positively, Give Thanks, Laugh Loudly, Love Others ,Dream Big, Remember, Life is like a Camera, Focus on What’s  Important, Capture The Good Times, Develop From The Negative and If Things Don’t Work out, Take Another Shot. Difficult Roads Often Lead To Beautiful Destinations.

Many find that their anxiety levels will go up when they watch cable news, which causes many to avoid cable news or information that would otherwise help or hurt our society. ” The Government of the people, by the people, shall not perish from the Earth.” Abraham Lincoln.

Stay engaged in the business of OUR SOCIETY, take a break if you get overwhelmed. But equipped yourself with information so that you can make a educated decision that will impact OUR SOCIETY in a positive way. TAKE A BREAK, BUT,  Don’t Quit.

here’s what you need to know to Get Up to Speed

Cartoon by Ed Gamble -

 Drunken Trump campaign aide may have launched Russia probe
Former Trump campaign adviser George Papadopoulos, who is charged with making false statements to federal agents and impeding the probe into alleged Trump team involvement in Russian election meddling, may have unwittingly launched the entire Russia investigation during “a night of heavy drinking,” The New York Times reported Saturday. Papadopoulos was in London in May of 2016, the Times report says, where he confided in Alexander Downer, the Australian high commissioner to the United Kingdom, that he knew Moscow had damaging information — specifically, leaked emails — on then-candidate Hillary Clinton. When leaked Clinton campaign emails surfaced two months later, Australian officials informed U.S. diplomats of Papadopoulos’ comments, possibly serving as the basis of the probe.

Source: The New York TimesThe Week

 Iranian protesters chant ‘death to the dictator’ despite state threats
A third day of anti-government protests in Iran on Sunday saw demonstrators chanting “death to the dictator” and “death to Khamenei,” the country’s supreme leader, Ayatollah Ali Khamenei, despite the government’s warning that they will face an “iron fist” of punishment if unrest continues. So far, two protesters have been killed. “Everyone is fed up with the situation, from the young to the old,” one protester told The Guardian. President Trump again weighed in on Twitter Sundaysaying Iranians “are finally getting wise as to how their money [is] squandered on terrorism” and that the U.S. is “watching very closely for human rights violations!”

Source: The GuardianBBC News

 Putin hopes for ‘pragmatic cooperation’ in New Year telegram to Trump
Russian President Vladimir Putin expressed his hopes for better U.S.-Russia relations in his annual letter to the White House, sent by telegram, timed for New Year’s Eve. The note to President Trump emphasizes Putin’s desire for “pragmatic cooperation” between Moscow and Washington on the basis of “equality and mutual respect.” A “constructive Russian-American dialogue is especially needed to strengthen strategic stability in the world,” Putin said. He also wrote to other world leaders, including France’s Emmanuel Macron, Syria’s Bashar al-Assad, and China’s Xi Jinping.

Source: The Associated PressDeutsche Welle

 Military to begin accepting transgender recruits
The U.S. military will accept openly transgender recruits beginning Monday, Jan. 1, after the Trump Department of Justice dropped its legal challenge to multiple court rulings against President Trump’s surprise announcement on Twitter this past July that he would “not accept or allow transgender individuals to serve in any capacity.” Trump’s tweets cited “tremendous medical costs and disruption that transgender in the military would entail” and reversed an Obama-era schedule for recruitment. A Pentagon representative said the new policy will proceed as “mandated by court order” and that all “applicants must meet all accession standards.”

Source: The HillNPR

California police arrest suspect in deadly swatting prank
Police in California have arrested a Los Angeles man, Tyler Barriss, in connection to the prank 911 call that brought a SWAT team to the Kansas home of an unarmed father of two, Andrew Finch, who was killed Thursday when one of the officers opened fire after Finch opened his front door. Barriss is held without bond and will not appear in court before Tuesday. It is not yet known what charges may be filed against him or whether he is believed to be the hoax caller. There is no specific federal law against swatting, but CNN legal analyst Paul Callan said federal authorities might choose charges of reckless homicide.

Source: CNNReuters

 Activist Erica Garner dies at 27
Criminal justice reform advocate Erica Garner died Saturday, leaving behind two young children. She was 27. Garner became a civil rights activist following the 2014 killing of her father, Eric Garner, at the hands of New York City police officers. His chokehold death was caught on camera, and his plea of “I can’t breathe” became a rallying cry against police brutality. Erica Garner suffered two heart attacks this fall, the second of which left her in a medically induced coma on Christmas Eve. “She cared when most people wouldn’t have,” said a statement tweeted by her family. “She was good. She only pursued right, no matter what. No one gave her justice.”

Source: The RootThe Hill

 South Korea seizes second oil ship
South Korea on Sunday indicated it has seized a second ship believed to be selling oil to North Korea in violation of United Nations sanctions. The capture of the first vessel, registered in Hong Kong, was announced Friday. The second ship is reportedly based in Panama and was seized earlier this month, though South Korean officials declined to provide many details for security reasons. Russian tankers have also been caught transferring oil to North Korea at sea to avoid detection, Reuters reported Friday, though they are believed to be acting without Moscow’s support.

Source: BBC NewsReuters

 All 12 Bronx fire victims identified
New York City authorities on Saturday identified the final seven of 12 victims of Thursday’s deadly fire in the Bronx. The youngest victim was just seven months old, and four other victims were either pre-schoolers or teenagers. The blaze was started by a 3-year-old in a first floor apartment with a habit of playing with the burners on a gas stove, and the fire department said it spread upward through the building “like a chimney,” trapping people located on higher floors.

Source: NBC NewsDaily News

 Australian seaplane crash kills 6
All six people aboard a seaplane were killed Sunday when it crashed into a river near Sydney, Australia. Search and rescue efforts located the plane and all six bodies, five passengers and the pilot, within a few hours, but the victims have yet to be identified. “The sequence of events leading up to the accident are not yet understood, however following the impact with the water, the aircraft is reported to have sunk rapidly,” said a statement from the Australian Transport Safety Bureau. The plane will not be retrieved until Monday.

Source: The Sydney Morning HeraldThe Daily Telegraph

 New Year’s Eve revelers face extreme cold
Most of the U.S. mainland is facing a deep freeze for New Year’s Eve as arctic air brings record-low temperatures nearly everywhere but the Southwest. At least two people have died from causes related to the cold snap, and sharks killed by cold shock have begun washing up in New England. Many New Year’s Eve celebrations have been canceled in favor of warnings about frostbite and hypothermia, but about 1 million people are still expected to spend hours outside for New York City’s New Year bash, despite a forecast of 11 degrees with a wind chill of zero.

Source: CBS NewsThe Associated Press

The Week

____________________________________________________________________________

(411 on Business & Real Estate Taxes  )

Courtesy of Mark J Kohler, CPA, Attorney, and Mathew N. Sorensen, Attorney..

Important Year-End Deadlines AND Strategies- 
 

– ROTH Conversion Deadline…If you want to ‘convert’ some IRA money to ROTH you have to do it by Dec 31.

 

– Health Reimbursement Arrangement payment Deadline…If you had an HRA in 2017, you have to reimburse your employees/spouse or yourself before the December 31st if you want the write-off. The max contribution is 10k and if you need a refresher check out this article. 

 

– Pay your Kids…If you have children and they worked in the business this year, you need to move the money (but not payroll) before year-end. Watch this video. 

 

– Max Out Your ‘Itemized Deductions’…If you normally ‘itemize’ it may be wise to pre-pay any extra State and Local Taxes before December 31st (limited to 10k next year). This also includes charitable deductions, unreimbursed employee expenses, or even medical expenses. Run the numbers and realize that your tax rate could be lower next year as well!!

 

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