Various

A couple of items of note that I read in the Wall Street Journal this week.

First, it appears a change in the 1099 reporting for tax exempt interest is causing the big investment houses from sending out their 1099's on time and those that do are likely to have to send corrected 1099's later. My suggestion is to wait and file your tax returns if you have significant investment income.

Second, there was an article by Jonathon Clements entitled "Why You Should Think Twice About Investing In Real Estate." He lays out many of the points I mentioned on an earlier post regarding real estate investment.

Unfortunately, I can't link you to the articles (they're subscriber only) but if you would like email me at gtvcpa@yahoo.com and I will send you a pdf copy of the article(s).

On another note, Ohio Department of Job and Family Services has sent out a correction stating that they will be using the $9,000 wage base instead of the increase of $9,500 as earlier reported. It was just in time for everyone to reprogram their payroll systems to the adjusted rate. Now they get to spend their productive time reprogramming back to the old rate. (reason #865 why you should relocate your business to another state)