Waching daily Dec 28 2018

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For more infomation >> The Leftovers Part III Call of Duty WW2 MONTAGE - Duration: 4:14.

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The Secret to Beautiful Skin - Duration: 5:44.

For more infomation >> The Secret to Beautiful Skin - Duration: 5:44.

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A special message from Elizabeth Stanley (aka Mary Jane Healy) - Duration: 0:44.

Hello friends and loved ones!

By now you have probably received the annual

Healy holiday letter from our friends at A.R.T.,

and I just want to let you know

you have a few more days to have your giving be matched

and therefore have your generosity be doubly impactful.

You have until December 31st, and anything that

you can give is so appreciated by artists like me,

and by everyone at the A.R.T.

It's such a pleasure to be a part of a community that helps art to

continue to thrive and our communities therefore to continue to grow.

Thank you.

Happy holidays!

For more infomation >> A special message from Elizabeth Stanley (aka Mary Jane Healy) - Duration: 0:44.

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Can The President of the United States Go To Jail? - Duration: 6:55.

"America is great because she is good.

If America ceases to be good, America will cease to be great," wrote French political

scientist Alexis de Tocqueville in his 1835 book, "Democracy in America".

The USA, he believed, offered equality that was not seen in other nations.

The founding fathers of the U.S. had created a form of ruling that was not able to be tyrannical,

that was chosen by the people and served the people, and if it failed to do so it would

be removed.

This America was a long way from absolute monarchies and from authoritarian government

presided over by powerful dictators.

It was supposed to embody what Thomas Jefferson wrote in the U.S Declaration of Independence,

that, "all men are created equal."

With that in mind, welcome to this episode of the Infographics Show, Can a U.S. President

Go to Jail?

If all men are created equal, perhaps that means that all men should be treated as equals

when it comes to matters of justice.

That's why there are laws, and no people in a democracy should be immune to punishment.

We could argue that the scales of justice do seem to be tipped in favor of those that

have more money, to avoid close scrutiny by law enforcement or to hire brilliant legal

teams to perhaps undo wrongdoings.

Notwithstanding the sometimes mindboggling chicanery a very wealthy person might employ

to get them out of trouble, everyone in the USA should be answerable to the same laws.

This must mean an American president can surely go to jail, or prison.

Just so you know, jail and prison are sometimes interchangeable words, but in the USA, jail

is usually the place you go to for a short stint before you have a court hearing or you're

just serving a very short sentence.

Prison is the place you go to after you've been convicted of a crime.

Ok, so first of all, a "What If" question.

What if a U.S. President lost his mind and ran out of the White House stark naked and

then started plunging a recently-procured White House kitchen knife into astounded tourists?

Could that President be charged and convicted of a number of crimes, say, attempted murder,

murder, and perhaps public indecency.

It's not all that simple.

When the writers of the constitution drafted their timeless piece, they had to think of

what would happen if a president went off the rails and committed a crime, or crimes.

Such wrongdoing, they said, might be "Treason, Bribery, or other High Crimes and misdemeanors."

If that should happen, they said, first there would be impeachment by the House of Representatives

and then it would be up to the Senate to convict the wrongdoer.

What this could mean is while the president is still in power, he can't be indicted,

meaning the cops couldn't just turn up outside the White House, taser the wayward leader,

and detain him in one the city's finest jails until he had his day in court.

He first would have to be impeached and then removed from office.

That would take some time.

After he has been removed, according to the constitution, he, or she, will "be liable

and subject to Indictment, Trial, Judgment and Punishment, according to Law."

But it is complicated.

If we look at the crime we described, it is perhaps too unbelievable to even discuss.

But would he be prosecuted if it happened?

One professor at Yale wrote this, "The framers implicitly immunized a sitting president from

ordinary criminal prosecution."

So again, he would have to be impeached first.

We don't really know what would happen in this case; perhaps an assumed enemy would

be blamed for somehow being able to control the mind of the president.

We can safely say the President would be removed from active duties, although somewhere along

the proceedings the public would be told something nefarious had happened.

He'd probably be judged insane as a result of dark outside influences.

We really don't know, and unfortunately no sources online have discussed the possibility

of such a heinous crime.

But this is an extreme case, so let's look at something more down-to-Earth.

If we look at what was called high crime, that's different.

High crimes are usually things like perjury, bribery, abuse of power.

These things we certainly can imagine a president doing.

According to U.S. legal scholar, Ronald Rotunda, if the President committed one of these high

crimes, he'd face the law.

Rotunda wrote, while investigating former President Clinton, "It is proper, constitutional,

and legal for a federal grand jury to indict a sitting president for serious criminal acts

that are not part of, and are contrary to, the president's official duties.

In this country, no one, even President Clinton, is above the law."

Still, others disagree.

Time magazine in 2018 featured a story written by the former principal lawyer for Vice President

Spiro Agnew.

He wrote, "An imperial Presidency was the worst fear of the Founders."

As we said, the founders knew tyranny was always bound to happen when one person, or

group, had too much power and attendant impunity.

The constitution had to preclude that this tyranny, or corruption, never could happen.

The writer states again that first the president would have to be impeached, then removed,

and he would then possibly face prison.

It's just never happened.

The Atlantic also wrote a story in 2018, asking if a sitting president could be indicted.

That writer said there was no clear answer.

He decided to ask the question to six well-known legal scholars, regarding if a sitting president

could be indicted.

Four answered.

Three said no and one said yes.

The writer turned to academics, and many answers came back, some saying that indicting a president

would just be too disruptive.

Another disagreed, saying the constitution was written so that such a disruption, when

needed, could occur.

Another said that no expert can answer the question, stating that one could only have

an opinion on this matter.

There is no airtight legal framework that can guarantee an answer.

We apologize that we can't ascertain a clear answer to the question in this show, but it

seems there is nobody out there who knows.

The constitution was written so that a president could face the law as you and I do, but while

in office it would seem that indicting a president would be very hard to do.

That seems wrong to some, because if the founders had wanted to give immunity to presidents,

that would have explicitly been written into the constitution.

Perhaps the constitution should have some small print where it says, "All men are

created equal."

In that small print we can read, "Subject to change without notice.

Not applicable outside of warranty."

Is that too cynical?

What do you think about all this?

Tell us in the comments.

Also, be sure to check out our other show The President's Escape Plan If The US Is Attacked.

Thanks for watching, and as always, don't forget to like, share and subscribe.

See you next time.

For more infomation >> Can The President of the United States Go To Jail? - Duration: 6:55.

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Buying a car: Why you can get a deal at the end of the year - Duration: 1:48.

For more infomation >> Buying a car: Why you can get a deal at the end of the year - Duration: 1:48.

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1099 Series Part 1 (4/4) - Duration: 6:28.

Yes, and, kind of what we are doing the wrap up, and saying, okay, what's the reasoning

for all this.

We understand a little bit about how and where to file.

But it's going to be a little bit of a tidbit too is- and that's not necessarily a slide,

per se.

We know that the push is that we have a lot of ID, tax ID theft that's coming out of various

parts of the world.

It's affecting IRS, it's affecting our clients on a very rapid pace.

Since ID theft is a growing problem, they've implemented the ability to not show the entire

identification number on some copies of the 1099 forms.

Just know and be aware of this and be very careful and be sensitive with that data.

Even though they say, okay, you may truncate the payer information, social security numbers,

individual tax ID numbers, et cetera.

You want to go ahead and adopt that, would be my recommendation.

Again IRS copies, social security copies, those ones that have to be reported, do you

need that information?

When we look at the ones going out to maybe that the client, et cetera, to be just aware

of that, that's where a lot of the ID theft can occur right at the very beginning as they

can get that information right from a form.

Get somebody's social and address and name and all this important information.

That's one way that we can have a way of preventing that is just removing.

Truncating is where you put asterisk, you put x's in place of the first five digits

of the ID number, and only carry the last four digits of the number.

I mean, it does carry good and bad.

The person receiving it may not have an idea that there's an error in the first five digits

because they're all x'ed out.

It is in a way to try to prevent some of that ID theft, ID fraud basically.

There's so many different- I guess, just like so many different exceptions and things.

What I would recommend here is definitely within the- as we look at the individual,

the employee versus independent contractor, that's a really great course because you at

least first have to say, "Is this person a contractor?

Is this an employee?"

Maybe that's what helps to stop that particular question right at the source, and then looking

into the W2 reporting has to be done right.

If it's allowances, if it's reimbursements, gifts, bonuses, those are all covered within

the W2 reporting.

That will help to prevent that.

So a lot of this is just learning about ways to prevent some of the common issues, you

can say.

What we really concentrated on, what we've gone through a lot in this course, and this

is basically part one of three.

There's a lot of really great material coming out, and part two and three that's also going

to help you along in this path.

What we've gone through is a lot of the legal requirements, the legislation, the logic behind

why are they doing so much information reporting?

What is this whole 1099 thing?

What's its purpose, basically.

How we file?

So being careful about the data we put on there because we have to be aware that it

has to be on those red line forms, it's going to be scanned, that we need to be filling

them out properly or we going to have problems with it being accepted timely anyway.

Where to file them?

So there's only on the two addresses, and a lot of that's going to come from just looking

at the instructions.

It's going to guide you to where those are, and if you want to, and I highly recommend

downloading.

My manual has all of what we talked about in this course, laid out with some even more

details that we didn't cover.

Who it is that gets the 1099?

There are some generics, then we can say, "You know generically, $600, non-corporation."

But then for those different types of payments that are covered by some of those forms we

listed, then those going to exception saying, "Well, it doesn't really matter if you're

a corporation.

It doesn't really matter if you pay over $600."

So you are going to have all the exceptions and reasons that you have to set them out

anyway.

So looking at those exceptions, that's going to help to guide you along, okay, do I have

to issue a 1099?

Then from there, for even more and more detail, what we have is in the part two, we're going

to actually cover the specific rules about each of those different forms.

There are, I believe, from 19 different 1099 forms that we'll cover.

So we'll cover each of the different types of 1099.

So you'll be acquainted with what's posted on those boxes, who do you have to issue very

specifically, and how to actually create those forms.

How to make corrections.

I mean, not that no errors ever, ever happen, but we got to know how to make those corrections

properly as well.

In the last part of it, we do cover compliance, penalties, additional reporting, also a little

bit of, okay, what happens if it goes really south, and the client comes to you and it's

way after the deadline, now they're going to have a penalty.

Is there any hope?

Can we help with that penalty?

We'll talk about back up withholding, that's not something you ever encountered before.

All this relates in the big giant world of information reporting.

That's all some great things that we have coming up.

I'm going to pass this over one last time to Jeff.

I'm really, really super glad that you guys decided to tune in on this.

I'm hoping at this point you have a little bit of a glimmer of some new things you didn't

know before about 1099 and information reporting, but I encourage you to go to the other part

two, part three, pick up a little bit more.

That way you'll have the confidence to prepare your reports and forms correctly, and do it

right every time to avoid those penalties.

So, Jeff, it's all yours.

Okay, thank you so much, Tanya, for that.

That is an outstanding introduction into this area that is of a concern to just about every

accountant, and certainly those dealing with anything related to taxes.

As always, great background information.

Again, we do hope that you'll join us on other sections of this course.

The part two and part three, again, this is design, and Tanya has designed this as a four-part

course to be inclusive, to give you the information, and we hope that you'll attend both those

other courses.

You can find that information here, you can see how to access those other courses and

get on and attend.

Additionally, we also have the community, which we encourage you to attend to continue

the conversation, ask specific questions of other practitioners and other folks as you're

dealing with real life situations.

That's where we're putting that information to create a community for people to be able

to get those answers for those questions that you have.

An employee with a 1099 and a W2, and you forget and say, "Hey, what am I supposed to

do here?"

There's lots of great information there.

We appreciate having Tanya on, we love having her present.

As always sure that you learned a whole lot, and we've got Tanya's information there as

well if you'd like to reach out to her specifically.

Again, at that website as you can see, and slides to access her manual for a quick guide

that will be also mentioned in the other sections of this course.

Thank you so much, Tanya, for attending, and thank you.

We hope to see you on the future webinar.