New Tax Guide Helps People Save on Their 2011 Taxes
Publication 17, features details on taking advantage of a wide range of tax-saving opportunities, such as the American opportunity credit for parents and college students, and the child tax credit and expanded earned income tax credit for low- and moderate-income workers. Th links can help taxpayers who want to go it alone this tax season.
Publication 17 has been published annually by the IRS since the 1940s and has been available on the IRS web site since 1996.
If your return is complex, we strongly suggest getting professional help. While the latest consummer software is great, it doesn't always provide you a hand signal when you can make a right or left turn, to save more on your taxes. The more complex your return, the more opportunity you have to save on your taxes.
http://taxeswilltravel.com
Friday, December 30, 2011
Friday, December 23, 2011
Directly From the IRS Payroll Tax Cut Temporarily Extended, 2012 - What this means for 160 million workers
Payroll Tax Cut Temporarily Extended into 2012
WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, continuing the reduction of their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid through Feb. 29, 2012. This reduced Social Security withholding will have no effect on employees’ future Social Security benefits.
Employers should implement the new payroll tax rate as soon as possible in 2012 but not later than Jan. 31, 2012. For any Social Security tax over-withheld during January, employers should make an offsetting adjustment in workers’ pay as soon as possible but not later than March 31, 2012.
Employers and payroll companies will handle the withholding changes, so workers should not need to take any additional action.
Under the terms negotiated by Congress, the law also includes a new “recapture” provision, which applies only to those employees who receive more than $18,350 in wages during the two-month period (the Social Security wage base for 2012 is $110,100, and $18,350 represents two months of the full-year amount). This provision imposes an additional income tax on these higher-income employees in an amount equal to 2 percent of the amount of wages they receive during the two-month period in excess of $18,350 (and not greater than $110,100).
This additional recapture tax is an add-on to income tax liability that the employee would otherwise pay for 2012 and is not subject to reduction by credits or deductions. The recapture tax would be payable in 2013 when the employee files his or her income tax return for the 2012 tax year. With the possibility of a full-year extension of the payroll tax cut being discussed for 2012, the IRS will closely monitor the situation in case future legislation changes the recapture provision.
The IRS will issue additional guidance as needed to implement the provisions of this new two-month extension, including revised employment tax forms and instructions and information for employees who may be subject to the new “recapture” provision. For most employers, the quarterly employment tax return for the quarter ending March 31, 2012 is due April 30, 2012.
WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation Act of 2011 temporarily extends the two percentage point payroll tax cut for employees, continuing the reduction of their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid through Feb. 29, 2012. This reduced Social Security withholding will have no effect on employees’ future Social Security benefits.
Employers should implement the new payroll tax rate as soon as possible in 2012 but not later than Jan. 31, 2012. For any Social Security tax over-withheld during January, employers should make an offsetting adjustment in workers’ pay as soon as possible but not later than March 31, 2012.
Employers and payroll companies will handle the withholding changes, so workers should not need to take any additional action.
Under the terms negotiated by Congress, the law also includes a new “recapture” provision, which applies only to those employees who receive more than $18,350 in wages during the two-month period (the Social Security wage base for 2012 is $110,100, and $18,350 represents two months of the full-year amount). This provision imposes an additional income tax on these higher-income employees in an amount equal to 2 percent of the amount of wages they receive during the two-month period in excess of $18,350 (and not greater than $110,100).
This additional recapture tax is an add-on to income tax liability that the employee would otherwise pay for 2012 and is not subject to reduction by credits or deductions. The recapture tax would be payable in 2013 when the employee files his or her income tax return for the 2012 tax year. With the possibility of a full-year extension of the payroll tax cut being discussed for 2012, the IRS will closely monitor the situation in case future legislation changes the recapture provision.
The IRS will issue additional guidance as needed to implement the provisions of this new two-month extension, including revised employment tax forms and instructions and information for employees who may be subject to the new “recapture” provision. For most employers, the quarterly employment tax return for the quarter ending March 31, 2012 is due April 30, 2012.
Wednesday, December 21, 2011
Six + One Last Minute Tax Loopholes, Directly from the IRS, Reworded to Benefit You
Six Year-End Tips to Reduce 2011 Taxes
The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However, you usually need to take action no later than Dec. 31 in order to claim certain tax benefits.
Here are six tax-saving tips for you to consider before the calendar turns to 2012:
1. Make Charitable Contributions – If you itemize deductions, your donations must be made to qualified charities no later than Dec. 31 to be deductible for 2011. You must have a canceled check, a bank statement, credit card statement or a written statement from the charity, showing the name of the charity and the date and amount of the contribution for all cash donations. Donations charged to a credit card by Dec. 31 are deductible for 2011, even if the bill isn't paid until 2012. If you donate clothing or household items, they must be in good used condition or better to be deductible.
2. Install Energy-Efficient Home Improvements – You still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits. Installing energy efficient improvements such as insulation, new windows and water heaters to your main home can provide up to $500 in tax savings. Homeowners going green should also check out the Residential Energy Efficient Property Credit, designed to spur investment in alternative energy equipment. The credit equals 30 percent of the cost of qualifying solar, wind, geothermal, or heat pump property. For details see Special Edition Tax Tip 2011-08, Home Energy Credits Still Available for 2011 on the IRS.gov website.
3. Consider a Portfolio Adjustment – Check your investments for gains and losses and consider sales by Dec. 31. You may normally deduct capital losses up to the amount of capital gains, plus $3,000 from other income. If your net capital losses are more than $3,000, the excess can be carried forward and deducted in future years.
4. Contribute the Maximum to Retirement Accounts – Elective deferrals you make to employer-sponsored 401(k) plans or similar workplace retirement programs for 2011 must be made by Dec. 31. However, you have until April 17, 2012, to set up a new IRA or add money to an existing IRA and still have it count for 2011. You normally can contribute up to $5,000 to a traditional or Roth IRA, and up to $6,000 if age 50 or over. The Saver’s Credit, also known as the Retirement Savings Contribution Credit, is also available to low- and moderate-income workers who voluntarily contribute to an IRA or workplace retirement plan. The maximum Saver’s Credit is $1,000, and $2,000 for married couples, but the amount allowed could be reduced or eliminated for some taxpayers in part because of the impact of other deductions and credits.
5. Make a Qualified Charitable Distribution – If you are age 70½ or over, the qualified charitable distribution (QCD) allows you to make a distribution paid directly from your individual retirement account to a qualified charity, and exclude the amount from gross income. The maximum annual exclusion for QCDs is $100,000. The excluded amount can be used to satisfy any required minimum distributions that the individual must otherwise receive from their IRAs in 2011. This benefit is available even if you do not itemize deductions.
6. Don't Overlook the Small Business Health Care Tax Credit – If you are a small employer who pays at least half of your employee health insurance premiums, you may qualify for a tax credit of up to 35 percent of the premiums paid. An employer with fewer than 25 full-time employees who pays an average wage of less than $50,000 a year may qualify. For more information see the Small Business Health Care Tax Credit page on IRS.gov.
And here is one final tip to remember: you should always save receipts and records related to your taxes. Good recordkeeping is a must because you need records to prepare your tax return, and it will help you to file quickly and accurately next year. (This is one of the only ways to beat the IRS in a possible audit, receipts are priceless when it come to an audit or CP 2000 (paper audit))
For more year-end tax information and to access all IRS forms and publications, visit the IRS website at http://www.irs.gov.
Added Note:
If you really think you will owe taxes, you can start a home based business, before December 31 to help lower your tax liability. Warning: This should be a valid, real business, started for the sole purpose of making a profit. There a many, legal tax write-offs associated with a home base business. Do you research. Maybe what you need for Christmas is a "Home Based Business" This advice also applies if you are un-employed with concerns about finding suitable work. Review your skills, what can you offer? What makes you happy? What are you good at?
http://TaxesWillTravel.com
The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However, you usually need to take action no later than Dec. 31 in order to claim certain tax benefits.
Here are six tax-saving tips for you to consider before the calendar turns to 2012:
1. Make Charitable Contributions – If you itemize deductions, your donations must be made to qualified charities no later than Dec. 31 to be deductible for 2011. You must have a canceled check, a bank statement, credit card statement or a written statement from the charity, showing the name of the charity and the date and amount of the contribution for all cash donations. Donations charged to a credit card by Dec. 31 are deductible for 2011, even if the bill isn't paid until 2012. If you donate clothing or household items, they must be in good used condition or better to be deductible.
2. Install Energy-Efficient Home Improvements – You still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits. Installing energy efficient improvements such as insulation, new windows and water heaters to your main home can provide up to $500 in tax savings. Homeowners going green should also check out the Residential Energy Efficient Property Credit, designed to spur investment in alternative energy equipment. The credit equals 30 percent of the cost of qualifying solar, wind, geothermal, or heat pump property. For details see Special Edition Tax Tip 2011-08, Home Energy Credits Still Available for 2011 on the IRS.gov website.
3. Consider a Portfolio Adjustment – Check your investments for gains and losses and consider sales by Dec. 31. You may normally deduct capital losses up to the amount of capital gains, plus $3,000 from other income. If your net capital losses are more than $3,000, the excess can be carried forward and deducted in future years.
4. Contribute the Maximum to Retirement Accounts – Elective deferrals you make to employer-sponsored 401(k) plans or similar workplace retirement programs for 2011 must be made by Dec. 31. However, you have until April 17, 2012, to set up a new IRA or add money to an existing IRA and still have it count for 2011. You normally can contribute up to $5,000 to a traditional or Roth IRA, and up to $6,000 if age 50 or over. The Saver’s Credit, also known as the Retirement Savings Contribution Credit, is also available to low- and moderate-income workers who voluntarily contribute to an IRA or workplace retirement plan. The maximum Saver’s Credit is $1,000, and $2,000 for married couples, but the amount allowed could be reduced or eliminated for some taxpayers in part because of the impact of other deductions and credits.
5. Make a Qualified Charitable Distribution – If you are age 70½ or over, the qualified charitable distribution (QCD) allows you to make a distribution paid directly from your individual retirement account to a qualified charity, and exclude the amount from gross income. The maximum annual exclusion for QCDs is $100,000. The excluded amount can be used to satisfy any required minimum distributions that the individual must otherwise receive from their IRAs in 2011. This benefit is available even if you do not itemize deductions.
6. Don't Overlook the Small Business Health Care Tax Credit – If you are a small employer who pays at least half of your employee health insurance premiums, you may qualify for a tax credit of up to 35 percent of the premiums paid. An employer with fewer than 25 full-time employees who pays an average wage of less than $50,000 a year may qualify. For more information see the Small Business Health Care Tax Credit page on IRS.gov.
And here is one final tip to remember: you should always save receipts and records related to your taxes. Good recordkeeping is a must because you need records to prepare your tax return, and it will help you to file quickly and accurately next year. (This is one of the only ways to beat the IRS in a possible audit, receipts are priceless when it come to an audit or CP 2000 (paper audit))
For more year-end tax information and to access all IRS forms and publications, visit the IRS website at http://www.irs.gov.
Added Note:
If you really think you will owe taxes, you can start a home based business, before December 31 to help lower your tax liability. Warning: This should be a valid, real business, started for the sole purpose of making a profit. There a many, legal tax write-offs associated with a home base business. Do you research. Maybe what you need for Christmas is a "Home Based Business" This advice also applies if you are un-employed with concerns about finding suitable work. Review your skills, what can you offer? What makes you happy? What are you good at?
http://TaxesWillTravel.com
Monday, November 21, 2011
Home Energy Credits Still OK for 2011 Tax Returns, Last Minute Tax Write Off
This information is from the Intenat Revenue Service (word for word)
The IRS reminds homeowners that they still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits.
The Nonbusiness Energy Property Credit is aimed at homeowners installing energy efficient improvements such as insulation, new windows and furnaces. The credit is more limited than in the past years, but can still provide substantial tax savings.
• The 2011 credit rate is 10 percent of the cost of qualified energy efficiency improvements. Energy efficiency improvements include adding insulation, energy-efficient exterior windows and doors and certain roofs. The cost of installing these items does not count.
• The credit can also be claimed for the cost of residential energy property, including labor costs for installation. Residential energy property includes certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass fuel.
• The credit has a lifetime limit of $500, of which only $200 may be used for windows. If the total of nonbusiness energy property credits taken in prior years since 2005 is more than $500, the credit may not be claimed in 2011.
• Qualifying improvements must be placed into service to the taxpayer’s principal residence located in the United States before January 1, 2012.
Homeowners going green should also check out the Residential Energy Efficient Property Credit, designed to spur investment in alternative energy equipment.
• The credit equals 30 percent of what a homeowner spends on qualifying property such as solar electric systems, solar hot water heaters, geothermal heat pumps, wind turbines, and fuel cell property.
• No cap exists on the amount of credit available except for fuel cell property.
• Generally, labor costs are included when figuring this credit.
Not all energy-efficient improvements qualify for these tax credits, so homeowners should check the manufacturer’s tax credit certification statement before they purchase. Taxpayers can normally rely on this certification statement which can usually be found on the manufacturer’s website or with the product packaging.
Eligible homeowners can claim both of these credits on Form 5695, Residential Energy Credits when they file their 2011 federal income tax return. Because these are credits and not deductions, they reduce the amount of tax owed dollar for dollar. An eligible taxpayer can claim these credits regardless of whether he or she itemizes deductions on Schedule A.
The IRS reminds homeowners that they still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits.
The Nonbusiness Energy Property Credit is aimed at homeowners installing energy efficient improvements such as insulation, new windows and furnaces. The credit is more limited than in the past years, but can still provide substantial tax savings.
• The 2011 credit rate is 10 percent of the cost of qualified energy efficiency improvements. Energy efficiency improvements include adding insulation, energy-efficient exterior windows and doors and certain roofs. The cost of installing these items does not count.
• The credit can also be claimed for the cost of residential energy property, including labor costs for installation. Residential energy property includes certain high-efficiency heating and air conditioning systems, water heaters and stoves that burn biomass fuel.
• The credit has a lifetime limit of $500, of which only $200 may be used for windows. If the total of nonbusiness energy property credits taken in prior years since 2005 is more than $500, the credit may not be claimed in 2011.
• Qualifying improvements must be placed into service to the taxpayer’s principal residence located in the United States before January 1, 2012.
Homeowners going green should also check out the Residential Energy Efficient Property Credit, designed to spur investment in alternative energy equipment.
• The credit equals 30 percent of what a homeowner spends on qualifying property such as solar electric systems, solar hot water heaters, geothermal heat pumps, wind turbines, and fuel cell property.
• No cap exists on the amount of credit available except for fuel cell property.
• Generally, labor costs are included when figuring this credit.
Not all energy-efficient improvements qualify for these tax credits, so homeowners should check the manufacturer’s tax credit certification statement before they purchase. Taxpayers can normally rely on this certification statement which can usually be found on the manufacturer’s website or with the product packaging.
Eligible homeowners can claim both of these credits on Form 5695, Residential Energy Credits when they file their 2011 federal income tax return. Because these are credits and not deductions, they reduce the amount of tax owed dollar for dollar. An eligible taxpayer can claim these credits regardless of whether he or she itemizes deductions on Schedule A.
Thursday, November 3, 2011
2012 Tax Codes for Standard Deductions, EIC, Foreign Earned Income Deduction
As with each tax year, personal excemptions and standard deductions will go up and tax brackets will widen due to inflaztion
By law the dollar amount in certain tax formulas increase each year, and affect each tax payer.
The value of each personal and dependent exemption, for 2012 will be, for most taxpayers, $3,800, up $100 from 2011.
The new standard deduction is $11,900 for married couples filing a joint return, up $300, $5,950 for singles and married individuals filing separately, up $150, and $8,700 for heads of household, up $200.
The IRS reports that nearly two out of three taxpayers take the standard deduction
Tax-bracket thresholds increase for each filing status. For a married couple filing a joint return, for example, the taxable-income threshold separating the 15-percent bracket from the 25-percent bracket is $70,700, up from $69,000 in 2011.
Credits, deductions, and related phase outs.
For tax year 2012, the maximum earned income tax credit (EITC) for low- and moderate- income workers and working families rises to $5,891, up from $5,751 in 2011. The maximum income limit for the EITC rises to $50,270, up from $49,078 in 2011.The credit varies by family size, filing status and other factors, with the maximum credit going to joint filers with three or more qualifying children.
The foreign earned income deduction rises to $95,100, an increase of $2,200 from the maximum deduction for tax year 2011.
The modified adjusted gross income threshold at which the lifetime learning credit begins to phase out is $104,000 for joint filers, up from $102,000, and $52,000 for singles and heads of household, up from $51,000.
For 2012, annual deductible amounts for Medical Savings Accounts (MSAs) increased from the tax year 2011 amounts; please see the table below.
Medical Savings Accounts (MSAs)
Self-only coverage
Family coverage
Minimum annual deductible
$2,100
$4,200
Maximum annual deductible
$3,150
$6,300
Maximum annual out-of-pocket expenses
$4,200
$7,650
The $2,500 maximum deduction for interest paid on student loans begins to phase out for a married taxpayers filing a joint returns at $125,000 and phases out completely at $155,000, an increase of $5,000 from the phase out limits for tax year 2011. For single taxpayers, the phase out ranges remain at the 2011 levels.
Estate and Gift
For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount is $5,120,000, up from $5,000,000 for calendar year 2011. Also, if the executor chooses to use the special use valuation method for qualified real property, the aggregate decrease in the value of the property resulting from the choice cannot exceed $1,040,000, up from $1,020,000 for 2011.
The annual exclusion for gifts remains at $13,000.
Other Items
The monthly limit on the value of qualified transportation benefits exclusion for qualified parking provided by an employer to its employees for 2012 rises to $240, up $10 from the limit in 2011. However, the temporary increase in the monthly limit on the value of the qualified transportation benefits exclusion for transportation in a commuter highway vehicle and transit pass provided by an employer to its employees expires and reverts to $125 for 2012.
Several tax benefits are unchanged in 2012. For example, the additional standard deduction for blind people and senior citizens remains $1,150 for married individuals and $1,450 for singles and heads of household.
By law the dollar amount in certain tax formulas increase each year, and affect each tax payer.
The value of each personal and dependent exemption, for 2012 will be, for most taxpayers, $3,800, up $100 from 2011.
The new standard deduction is $11,900 for married couples filing a joint return, up $300, $5,950 for singles and married individuals filing separately, up $150, and $8,700 for heads of household, up $200.
The IRS reports that nearly two out of three taxpayers take the standard deduction
Tax-bracket thresholds increase for each filing status. For a married couple filing a joint return, for example, the taxable-income threshold separating the 15-percent bracket from the 25-percent bracket is $70,700, up from $69,000 in 2011.
Credits, deductions, and related phase outs.
For tax year 2012, the maximum earned income tax credit (EITC) for low- and moderate- income workers and working families rises to $5,891, up from $5,751 in 2011. The maximum income limit for the EITC rises to $50,270, up from $49,078 in 2011.The credit varies by family size, filing status and other factors, with the maximum credit going to joint filers with three or more qualifying children.
The foreign earned income deduction rises to $95,100, an increase of $2,200 from the maximum deduction for tax year 2011.
The modified adjusted gross income threshold at which the lifetime learning credit begins to phase out is $104,000 for joint filers, up from $102,000, and $52,000 for singles and heads of household, up from $51,000.
For 2012, annual deductible amounts for Medical Savings Accounts (MSAs) increased from the tax year 2011 amounts; please see the table below.
Medical Savings Accounts (MSAs)
Self-only coverage
Family coverage
Minimum annual deductible
$2,100
$4,200
Maximum annual deductible
$3,150
$6,300
Maximum annual out-of-pocket expenses
$4,200
$7,650
The $2,500 maximum deduction for interest paid on student loans begins to phase out for a married taxpayers filing a joint returns at $125,000 and phases out completely at $155,000, an increase of $5,000 from the phase out limits for tax year 2011. For single taxpayers, the phase out ranges remain at the 2011 levels.
Estate and Gift
For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount is $5,120,000, up from $5,000,000 for calendar year 2011. Also, if the executor chooses to use the special use valuation method for qualified real property, the aggregate decrease in the value of the property resulting from the choice cannot exceed $1,040,000, up from $1,020,000 for 2011.
The annual exclusion for gifts remains at $13,000.
Other Items
The monthly limit on the value of qualified transportation benefits exclusion for qualified parking provided by an employer to its employees for 2012 rises to $240, up $10 from the limit in 2011. However, the temporary increase in the monthly limit on the value of the qualified transportation benefits exclusion for transportation in a commuter highway vehicle and transit pass provided by an employer to its employees expires and reverts to $125 for 2012.
Several tax benefits are unchanged in 2012. For example, the additional standard deduction for blind people and senior citizens remains $1,150 for married individuals and $1,450 for singles and heads of household.
Monday, October 17, 2011
$195 a Month Penalty for Filing Late Partnership and S Corporation Returns
Beginning in 2009, the late filing penalty for a partnership return is $89 for each MONTH, or part of a month (up to 12 months) the return is late. No penalty is imposed if the partnership can show that they reason for filing late was due to reasonable cause.
For tax years beginning AFTER 2009, the late filing penalty for a partnership return is $195 for each month, or any part of a month, up to 12 months. Once again, if you can show just reason, why the return is late, the penalty won't be imposed.
The penalty for filing an S corporation Return late after, 2009 is also $195 for each month or any part of a month, up to 12 months.
Reasonable cause will release you from having to pay the penalty.
However, if tax is owed with the return, the penalty is INCREASED.
Let's discuss Reasonable Cause:
1. The dog ate the documentation? No.
2. Natural Disaster? Yes.
3. Theft of documents? Maybe (Make sure there is a police report)
4. Forest Fire? Yes
5. Death or Serious illness in the immediate family? Yes
6. Serious illness of one of the partners of the corporation? Probably
7. Accountant left town with all the Corporations money? Probably
You get the idea of what the IRS deems as reasonable cause? Each case is decided separately, I am sure. So you never know. However, chances are they have the acceptable reasons, written within the Tax Codes!
For tax years beginning AFTER 2009, the late filing penalty for a partnership return is $195 for each month, or any part of a month, up to 12 months. Once again, if you can show just reason, why the return is late, the penalty won't be imposed.
The penalty for filing an S corporation Return late after, 2009 is also $195 for each month or any part of a month, up to 12 months.
Reasonable cause will release you from having to pay the penalty.
However, if tax is owed with the return, the penalty is INCREASED.
Let's discuss Reasonable Cause:
1. The dog ate the documentation? No.
2. Natural Disaster? Yes.
3. Theft of documents? Maybe (Make sure there is a police report)
4. Forest Fire? Yes
5. Death or Serious illness in the immediate family? Yes
6. Serious illness of one of the partners of the corporation? Probably
7. Accountant left town with all the Corporations money? Probably
You get the idea of what the IRS deems as reasonable cause? Each case is decided separately, I am sure. So you never know. However, chances are they have the acceptable reasons, written within the Tax Codes!
Friday, October 14, 2011
Tax Breaks 2010, Extension Deadline October 17, 2011, Off Shore Account Info from the IRS
There are as many as 10.1 million taxpayers who requested an automatic extension in filing their tax return. October 17th is the deadline for the extension, because the 15th of October of this year is on a Saturday.
The IRS also wanted taxpayers to know that they can e-File their 2010 tax retuur, even if they ae on extension.
If you live in a natural disaster area, then your deadline to file is October 31 of 2011.
Members of the military and those serving in Iraq, Afganistand and other combat zones don't have to file until at least 180 days after they leave the combat zone. (See ITS Publication 3)
In this same press release, the IRS remind small businesses to check for overlooked tax benefits, such as the new small business health care tax credit. The new health care tax credit is designed to encourage small business owners who meet certain requirements to offer health insurance to their employees. You can learn more about this by reading the instructions
You use Form 8941 to figure the credit Follow the instructions, or remind your tax person, to see if your small business qualifies.
TAX BREAKS FOR 2010
Taxpayers should also check various tax breaks extended or expanded by the recovery law and other recent tax legislation.
1. These include the Making Work Pay Credit
2. American opportunity credit and other higher education tax benefits for parents and students,
3. Rresidential energy credits for various energy-saving home improvements
4. Earned Income Tax Credit for low- and moderate-income workers and working families
5. Child tax credit and additional child tax credit for low- and middle-income families
The other BIG reminder from the IRS was to remind U.S. citizens and resident aliens that by federal law, they are required to report income from ALL sources, both foreign and domestic, INCLUDING income from foreign trusts and foreign bank and securities accounts. This information is to be provided to the IRS an Schedule B and could require additional reporting.
Note: People, the IRS is serious about this. If you have a foreign trust or foreign account, which may or may not have your name on it, however, you still receive income from the account, check with a Tax Attorney. You don't want the IRS to somehow find out that you are benefiting directly or indirectly from a foreign trust account. The new agreements which the IRS has initiated with foreign banking centers is not understood by many. An experienced Tax Attorney will be able to help you.
.
The IRS also wanted taxpayers to know that they can e-File their 2010 tax retuur, even if they ae on extension.
If you live in a natural disaster area, then your deadline to file is October 31 of 2011.
Members of the military and those serving in Iraq, Afganistand and other combat zones don't have to file until at least 180 days after they leave the combat zone. (See ITS Publication 3)
In this same press release, the IRS remind small businesses to check for overlooked tax benefits, such as the new small business health care tax credit. The new health care tax credit is designed to encourage small business owners who meet certain requirements to offer health insurance to their employees. You can learn more about this by reading the instructions
You use Form 8941 to figure the credit Follow the instructions, or remind your tax person, to see if your small business qualifies.
TAX BREAKS FOR 2010
Taxpayers should also check various tax breaks extended or expanded by the recovery law and other recent tax legislation.
1. These include the Making Work Pay Credit
2. American opportunity credit and other higher education tax benefits for parents and students,
3. Rresidential energy credits for various energy-saving home improvements
4. Earned Income Tax Credit for low- and moderate-income workers and working families
5. Child tax credit and additional child tax credit for low- and middle-income families
The other BIG reminder from the IRS was to remind U.S. citizens and resident aliens that by federal law, they are required to report income from ALL sources, both foreign and domestic, INCLUDING income from foreign trusts and foreign bank and securities accounts. This information is to be provided to the IRS an Schedule B and could require additional reporting.
Note: People, the IRS is serious about this. If you have a foreign trust or foreign account, which may or may not have your name on it, however, you still receive income from the account, check with a Tax Attorney. You don't want the IRS to somehow find out that you are benefiting directly or indirectly from a foreign trust account. The new agreements which the IRS has initiated with foreign banking centers is not understood by many. An experienced Tax Attorney will be able to help you.
.
Thursday, October 13, 2011
Investing and Building Wealth for Beginners, A Special Series of Collected Articles and Videos
Believe it or not, a group of millionaires were asked what were the basic steps to creating wealth. Kiplinger's Magazine published the results, which you can find by clicking on the above link.
The list of 12 steps to become a millionaire are down to earth, doable and interesting. Regardless if you work a job, or, are self-employed, there are tips for everyone.
To find the entire series of Investing and Building Wealth for Beginners, you can review index of articles and videos at http://www.taxeswilltravel.com/article_index1A.htm
You can find topics on the key to wealth, how one man became wealthy on a $2$20,000 a year job, and a few subjects such as How to Build Real Estate Wealth & Prepare for Your Child's Education.
These articles were assimilated by Taxes Will Travel.com for clients and visitors to learn more about creating wealth.
The list of 12 steps to become a millionaire are down to earth, doable and interesting. Regardless if you work a job, or, are self-employed, there are tips for everyone.
To find the entire series of Investing and Building Wealth for Beginners, you can review index of articles and videos at http://www.taxeswilltravel.com/article_index1A.htm
You can find topics on the key to wealth, how one man became wealthy on a $2$20,000 a year job, and a few subjects such as How to Build Real Estate Wealth & Prepare for Your Child's Education.
These articles were assimilated by Taxes Will Travel.com for clients and visitors to learn more about creating wealth.
Monday, October 10, 2011
Five Major Tax Loopholes, Because Tax Evasion is Illegal, But Tax Avoidance Is Not
1. I will provide you with the keywords, then you do the research. Before using these types of loopholes, consult with your Attorney. Very few taxpayers take advantage of these methods, without consulting with an Attorney or an Experienced CPA.
Keywords: assets, donate to 'your charitable trust', sell the assets, invest the proceeds, (all in the name of the trust)
2. You can always place a portion of your lifestyle cost into your corporation/business. Example: The summer home on the beach, is purchased by the corporation, to be used by corporate clients! (You will need an experienced tax professional to report this correctly on your corporate tax return)
3. ALWAYS know what your corporate/business profit will be. Spend (on legal tax deductions) until the corporate taxes are reduced.
4. Tip: Never spend in one year, more then you have reported to the IRS, unless you are willing to explain where the cash came from? (Every time there is a transaction over $5K, the financial institution, by law, has to report it)
5. Defer your income. If your corporation owes you $2 million, invest the money (safe money account) and take procession of the income during a year when your income is much lower, or when your business expenses are much higher.
Note: You will notice that the most effective tax loopholes can only occur when a tax payer has his/her own business/corporation - I will post loopholes for individuals in another couple weeks
Tips:
a. The wealthy own as little as possible. Very few of their assets are in their name!
b. It is NOT illegal to have offshore accounts, it's just illegal NOT to tell the IRS!
c) Those who are striving to accumulate wealth, have a habit of spending around 80 percent of their disposable income on investments which will generate a return! (This means, when starting out, they drive older cars, live in questionable neighborhoods, and take their lunch to work)
Keywords: assets, donate to 'your charitable trust', sell the assets, invest the proceeds, (all in the name of the trust)
2. You can always place a portion of your lifestyle cost into your corporation/business. Example: The summer home on the beach, is purchased by the corporation, to be used by corporate clients! (You will need an experienced tax professional to report this correctly on your corporate tax return)
3. ALWAYS know what your corporate/business profit will be. Spend (on legal tax deductions) until the corporate taxes are reduced.
4. Tip: Never spend in one year, more then you have reported to the IRS, unless you are willing to explain where the cash came from? (Every time there is a transaction over $5K, the financial institution, by law, has to report it)
5. Defer your income. If your corporation owes you $2 million, invest the money (safe money account) and take procession of the income during a year when your income is much lower, or when your business expenses are much higher.
Note: You will notice that the most effective tax loopholes can only occur when a tax payer has his/her own business/corporation - I will post loopholes for individuals in another couple weeks
Tips:
a. The wealthy own as little as possible. Very few of their assets are in their name!
b. It is NOT illegal to have offshore accounts, it's just illegal NOT to tell the IRS!
c) Those who are striving to accumulate wealth, have a habit of spending around 80 percent of their disposable income on investments which will generate a return! (This means, when starting out, they drive older cars, live in questionable neighborhoods, and take their lunch to work)
Thursday, October 6, 2011
Another tax loophole has been published: Business Rental Expenses, and a Touch of Entertainment http://ping.fm/Rddkl
Tax Loophole: Line 20b of Schedule C and a Touch of Business Entertainment
One of many tax loopholes to come
Rental of "Other Business Property" - as long as it has to do with business, the monthly cost for rental is tax deductible. Rather then to show a large profit at the end of the year, after you have taken the deductions for retirement exclusion from income, credits, you may want to look at some additional 'business property' rental cost.
No, I'm not sure if you can lease a learjet, (a couple times a year) unless you can prove that your business can benefit from such a transaction!
What was that? Yes, renting a villa in Hawaii and taking several clients (in the learjet) can be considered a necessary tax write off for a business conference.
Definitely, season tickets to an NFL game can be a tax write off, as long as you take a business client with you to the game.
***** Documentation is key. Write down who you took where, why and what was the business connection. Keep a log of ALL expenses. (Schedule C - Meals and Entertainment)
Just a Note: Tax clients who spend lots and lots of money on meals for their potential clients, almost always, earn substantially more then those who don't.
Rental of "Other Business Property" - as long as it has to do with business, the monthly cost for rental is tax deductible. Rather then to show a large profit at the end of the year, after you have taken the deductions for retirement exclusion from income, credits, you may want to look at some additional 'business property' rental cost.
No, I'm not sure if you can lease a learjet, (a couple times a year) unless you can prove that your business can benefit from such a transaction!
What was that? Yes, renting a villa in Hawaii and taking several clients (in the learjet) can be considered a necessary tax write off for a business conference.
Definitely, season tickets to an NFL game can be a tax write off, as long as you take a business client with you to the game.
***** Documentation is key. Write down who you took where, why and what was the business connection. Keep a log of ALL expenses. (Schedule C - Meals and Entertainment)
Just a Note: Tax clients who spend lots and lots of money on meals for their potential clients, almost always, earn substantially more then those who don't.
Wednesday, October 5, 2011
Information on Construction, Invoice Lines of Credit for Commercial Contracts - No financials, no credit scores http://ping.fm/HqxDS
Tuesday, October 4, 2011
What Do You Do When Your Pension Won't Pay For Your Retirement? check out: http://ping.fm/Oa7WP and look on the left side of the page.
Companies with major contracts and limited cash flow can face the same financial troubles as companies with no contracts. Because the banks are saying "No" to more small companies, business owners are seeking working capital options. Invoice Lines of Credit, is one such option, which many companies are turning to. Invoice Lines of Credit or Accounts Receivable Financing, is the selling of a companies Invoices, to a Lender for a fee, for immediate cash.
The important part of this solutiion is that, all fees are tax deductible.
We provide placement for such funding, and have been doing so, successfully for the past six years. If you need a solution to cash flow issues, go to: http://ping.fm/DsKXU
The important part of this solutiion is that, all fees are tax deductible.
We provide placement for such funding, and have been doing so, successfully for the past six years. If you need a solution to cash flow issues, go to: http://ping.fm/DsKXU
Tax Loopholes, Neutralizing the IRS
Tax loopholes. This appears to be the most popular keyword associated with the IRS, online. Many companies offer many different tax services, but at the end of the day, the keyword with the most searches has been, "tax loopholes"
Since I am a tax professional who happens to be an SEO / Internet Marketing Specialist, it would be hypocritical for me to ignore the signs. The people have spoken, they want to learn more about how to neutralize the IRS.
After 13 years of extensive tax experience, I have truly ran across some interesting and successful tax loopholes, and for the next several months, I will place this information on my blog, for the sole purpose of creating an e-book from my blog at a later date.
Today is the first day of this uncomfortable revolution. I love doing taxes, however, the search engines and you the people have spoken. I reserve the right to be incorrect, however, it's not part of my nature.
You can suscribe to the blog or the RSS Feed.
Since I am a tax professional who happens to be an SEO / Internet Marketing Specialist, it would be hypocritical for me to ignore the signs. The people have spoken, they want to learn more about how to neutralize the IRS.
After 13 years of extensive tax experience, I have truly ran across some interesting and successful tax loopholes, and for the next several months, I will place this information on my blog, for the sole purpose of creating an e-book from my blog at a later date.
Today is the first day of this uncomfortable revolution. I love doing taxes, however, the search engines and you the people have spoken. I reserve the right to be incorrect, however, it's not part of my nature.
You can suscribe to the blog or the RSS Feed.
Friday, September 30, 2011
If you wanna learn about rent2own, buying silver or gold, our site: http://e-zmoneytalk.com If you have unfiled tax problems: http://ping.fm/nq8Xh
The IRS announces the end of the two-year time limit for seeking innocent spouse relief. Video http://ping.fm/jCSwA
Thursday, September 29, 2011
We are able to place Commercial Construction Invoices, corpoarate or government with an Accounts Receivable Lender. http://ping.fm/aNO8P Bonding issues, usually are not a problem. Immediate working capital for cash strapped construction companies. Credit of your customer or client determines the outcome of the funding. Can get working capital without incurring debt within days, (corporate) and slightly longer when dealing with Federal, State, County, City or Utility Companies. No long term contracts. No shady deals. Low rates. No up front fees for placement. Experienced Lenders who have work with the Federal Gov and Fortune 500 clients. Up to $5M
Wednesday, September 28, 2011
Truckers: Form 2290 that you normally file on August 31st will now be due on November 30th See IRS video http://ping.fm/XDGp9
Monday, September 26, 2011
Sunday, September 18, 2011
(3 of 3 post) For more legal info on moving yourself and assets offshore, go to: http://ping.fm/DYiGb (left side of page)
Friday, September 16, 2011
If you earn less than $48K in 2011, you may qualify for the EIC Credit. Visit: http://irs.gov/eitc to learn more.
Thursday, September 15, 2011
Video on company who buys forcolsures and allows families to stay in the property http://ping.fm/bc6EE
Owe the IRS and recently unemployed: http://ping.fm/hW7Wa If you want to start a buz, IRS info: http://ping.fm/H0GuV
Thursday, September 8, 2011
Wednesday, September 7, 2011
Thursday, September 1, 2011
Wednesday, August 31, 2011
Owner Want to Sell His BMW - Will Finance the Deal, Funny, but True
Creative financing, not only for homes, and RVs, but not we found an owner of a late model BMW, who is willing to finance the deal.
Think "like the banks"
Take advantage of the situation. If you own a home and you have NOT been able to sell the property due to the economic climate, put up an "Owner Will Finance" sign and see how many offers you get.
It might be a good idea to speak to an attorney first, but what will always be true, is: If you finance your home, over the years you will receive more than TWICE the amount that you would receive if the home was financed by the bank!
Plus, if the property was or is investment property, the tax liability would be reduced greatly, because you would be receiving the moneys in a monthly payment.
OK, if you need cash, you can always sell your note. However, (this is extremely important) There are many investors who would be willing to purchase your mortgage note, but at a deeply discounted price!
Solution: Set your selling price to take some of the sting out of selling your mortgage note. Do your homework, involve your attorney for the contract and plan your life, regardless of what the banks do.
Think "like the banks"
Take advantage of the situation. If you own a home and you have NOT been able to sell the property due to the economic climate, put up an "Owner Will Finance" sign and see how many offers you get.
It might be a good idea to speak to an attorney first, but what will always be true, is: If you finance your home, over the years you will receive more than TWICE the amount that you would receive if the home was financed by the bank!
Plus, if the property was or is investment property, the tax liability would be reduced greatly, because you would be receiving the moneys in a monthly payment.
OK, if you need cash, you can always sell your note. However, (this is extremely important) There are many investors who would be willing to purchase your mortgage note, but at a deeply discounted price!
Solution: Set your selling price to take some of the sting out of selling your mortgage note. Do your homework, involve your attorney for the contract and plan your life, regardless of what the banks do.
Tuesday, August 23, 2011
12 Tax Tips for Taxpayers Who Owe the IRS
1. When you contact the IRS about a past due amount, do NOT lie to them. It is a Federal offense to lie to a Government Agent.
2. When you contact the IRS, they will ask for your employer information and your bank information. If you don't want to provide this information to the IRS, then have a tax professional make the calls for you.
Note: It's not like the IRS can't find out where you bank, however, it's best, for you, to pay your tax bill with a cashier's check, not your personal check.
3. If you get a tax bill in the mail, respond immediately. If you can pay the amount, do so as quickly as possible.
4. If you need more time, you can contact the IRS and request a payment date in the future.
5. You can use credit cards to pay your tax bill. visit www.pay1040.com or call Link2Gov, RBS World Pay, Inc, or visit www.payUSAtax.com or www.officialpayments.com/fed
6. You can also use Electronic Funds Transfer by electronic funds from check, money order, cashier's check or cash. Call 800 555-4477
7. You can request an Installment Agreement and pay the taxes on a monthly bases. You MUST file all past due returns to qualify for the Installment Agreement
8. If you owe $25,000 or less (total) you can use the Online Payment Agreement application at www.irs.gov
9. Or you can complete Form 9465 and mail the Installment Agreement Request to your IRS office
10. If you owe more than $25,000 you will be required to complete Form 433F. We strongly advise you to get help with completing this Form.
11. There is a user fee to create a new Installment Agreement. The fees range from$43 to $105.
12. You can have more money taken out of your payroll check to pay off your IRS debt, just by changing your W-4 Form with your employer.
2. When you contact the IRS, they will ask for your employer information and your bank information. If you don't want to provide this information to the IRS, then have a tax professional make the calls for you.
Note: It's not like the IRS can't find out where you bank, however, it's best, for you, to pay your tax bill with a cashier's check, not your personal check.
3. If you get a tax bill in the mail, respond immediately. If you can pay the amount, do so as quickly as possible.
4. If you need more time, you can contact the IRS and request a payment date in the future.
5. You can use credit cards to pay your tax bill. visit www.pay1040.com or call Link2Gov, RBS World Pay, Inc, or visit www.payUSAtax.com or www.officialpayments.com/fed
6. You can also use Electronic Funds Transfer by electronic funds from check, money order, cashier's check or cash. Call 800 555-4477
7. You can request an Installment Agreement and pay the taxes on a monthly bases. You MUST file all past due returns to qualify for the Installment Agreement
8. If you owe $25,000 or less (total) you can use the Online Payment Agreement application at www.irs.gov
9. Or you can complete Form 9465 and mail the Installment Agreement Request to your IRS office
10. If you owe more than $25,000 you will be required to complete Form 433F. We strongly advise you to get help with completing this Form.
11. There is a user fee to create a new Installment Agreement. The fees range from$43 to $105.
12. You can have more money taken out of your payroll check to pay off your IRS debt, just by changing your W-4 Form with your employer.
If you marry and your spouse owes the IRS, your bank account(s) can be levied. Learn more about the Innocent Spouce Relief BEFORE you marry http://ping.fm/g800h
Tuesday, August 16, 2011
Wednesday, August 10, 2011
How a couple tax clients are doubling the amount they receive when selling their homes: http://ping.fm/907PC It's all about how you sell you home and the tax benefits.
When the bank says, no, and you need to purchase a home to lower your taxes
Every year during tax season, I end up telling a tax client to purchase a home by the next tax season in order to avoid paying extremely high taxes. Clients who suddenly earn six figurers incomes and have no write offs, need to create a legal tax shelter. Purchasing a home is one way to resolve this issue.
And almost every year, a tax client calls in August through November, to say, the banks won't finance a home, even with fairly good credit.
With this happening over and over again, it has put me into the real estate research mood. I'm not licensed in real estate, however my research says, owners need to sell, and certain people really do need to purchase.
Solution: Rent to own or lease with option to purchase. True the tax client can't get the tax benefit until they actually purchase the home, but at least it puts them on the right track.
As for sellers, there are many reasons why selling their home with a lease option contract can be good. First they can charge the interest rate that the lender or banks would be getting. This can add up to a large bonus over the years. (Your rates in most cases would be considered hard money, so you are looking at 6% to 10%) The monthly payments can provide can serve as your retirement fund, and you can travel during retirement, instead of counting pennies each month. And you are taxed at a lower rate because your annual income is lower. (And if you really need the cash, you can price your home accordingly, and sell your mortgage note for immediate cash)
Sellers are often worried that if they lease option their home, that the buyers may walk away and not pay the monthly note. GOOD, let them walk away. (Be sure to keep good insurance coverage) You get the house back, AND you get to keep their security deposit of $5000 to $10,000. You just repair the home and do it again. Collect another $5000 security deposit and sign a new lease option contract. (Yes you will have to pay taxes on the security deposit) You can click on the link above to view legal and real rent to own options.
It is a good idea to include an experienced attorney in your contract signing. Regardless if you are the seller or the buyer, you want to be protected. Legal advise may seem expensive, however, not knowing may cost even more.
So this is how, I help tax clients lower their taxes, when the banks continue to say, no.
And almost every year, a tax client calls in August through November, to say, the banks won't finance a home, even with fairly good credit.
With this happening over and over again, it has put me into the real estate research mood. I'm not licensed in real estate, however my research says, owners need to sell, and certain people really do need to purchase.
Solution: Rent to own or lease with option to purchase. True the tax client can't get the tax benefit until they actually purchase the home, but at least it puts them on the right track.
As for sellers, there are many reasons why selling their home with a lease option contract can be good. First they can charge the interest rate that the lender or banks would be getting. This can add up to a large bonus over the years. (Your rates in most cases would be considered hard money, so you are looking at 6% to 10%) The monthly payments can provide can serve as your retirement fund, and you can travel during retirement, instead of counting pennies each month. And you are taxed at a lower rate because your annual income is lower. (And if you really need the cash, you can price your home accordingly, and sell your mortgage note for immediate cash)
Sellers are often worried that if they lease option their home, that the buyers may walk away and not pay the monthly note. GOOD, let them walk away. (Be sure to keep good insurance coverage) You get the house back, AND you get to keep their security deposit of $5000 to $10,000. You just repair the home and do it again. Collect another $5000 security deposit and sign a new lease option contract. (Yes you will have to pay taxes on the security deposit) You can click on the link above to view legal and real rent to own options.
It is a good idea to include an experienced attorney in your contract signing. Regardless if you are the seller or the buyer, you want to be protected. Legal advise may seem expensive, however, not knowing may cost even more.
So this is how, I help tax clients lower their taxes, when the banks continue to say, no.
More creditable information on lease with option to buy homes. http://ping.fm/1oNMo Keywords: attorney+legal help+licensed re broker+rent to own- lower your taxes
Wednesday, August 3, 2011
Monday, August 1, 2011
Found this today. Cheap land for sale. Mountain views, New Mexico. Videos for additional locations http://ping.fm/trGzG
Client turned me on to an investment with 10.6% return. Check it out for yourself http://www.shareasale.com/r.cfm?B=267204&U=119635&M=29606
Monday, July 25, 2011
Home finance homes, no money down, North GA Blue Ridge Mountains, Texas and a few other places: http://ping.fm/p7bov
Sunday, July 24, 2011
Tuesday, July 19, 2011
Now is the time to be sure that you DON"T qualify for the Alternative Minimum Tax (AMT) you may be closer to it then you think: http://ping.fm/53YNV
Sunday, July 17, 2011
If you purchased a new vehicle in 2009, you may have qualified for a tax deduction. If you didn't get the deduction, you can 1040X your return. http://ping.fm/JHqzT
The IRS talks about latest "church" tax scam that is happening around the country. http://ping.fm/x2Rrn Taxpayers urged not to become victims of tax scams
Tuesday, July 12, 2011
Trouble for unreported offshore account holders. Congress believes the IRS is loosing $100 billion a year ..... and they believe this can help the deficit! read more... http://ping.fm/GJ7sD
Monday, July 11, 2011
IRS Penalties and Interest can be serious. It’s best to file your back taxes, even if you don’t have the money to pay. Options: IRS Installment Agreement or Hardship Status, http://ping.fm/nZX9w
Friday, July 8, 2011
Thursday, July 7, 2011
A potential client asked this question? "Can I go to jail for un-filed taxes?" put the answer online for everyone to see: http://ping.fm/cQAIZ?&id=6369257
The new Small Business Health Care Tax Credit - for small businesses, see if you qualify http://ping.fm/nX4ky
Friday, July 1, 2011
Tax Loophole: Why more successful web site owners and independent business men are moving offshore, http://ping.fm/Q26jV
Thursday, June 30, 2011
Yes, I'm guilty of SEOing after tax season. It amazing how the search engine formulas and the tax formulas, have the same basic principals http://ping.fm/7gZ5m
Wednesday, June 29, 2011
Monday, June 27, 2011
Taxpayers who take non-business energy saving steps this year may get bigger tax savings next year. For more information: http://ping.fm/vHW21
Sunday, June 26, 2011
The 2011 Offshore Voluntary Disclosure Initiative (OVDI) will be available only through Aug. 31, 2011. More info from the IRS: http://ping.fm/PRncF
Friday, June 24, 2011
Because the AMT is not indexed for inflation, more taxpayers are ending up paying this tax. Learn more at http://ping.fm/HdDYI
Saturday, June 18, 2011
You want to sell your home. Bank won't finance buyer. You do owner finance: How to sell your note for cash: http://ping.fm/X1lUW
Sunday, June 12, 2011
Thursday, June 9, 2011
Can you eliminate IRS Penalties and Interst once you have filed your past due tax returns? In some cases, yes. http://ping.fm/GBoUT
Tuesday, June 7, 2011
Small business owners using Gov. Contracts to grow business. Site provides insight into where to find government contracts http://ping.fm/jtRTk
Monday, June 6, 2011
Defer Income- keywords which can save you thousands of dollars in taxes. Defer as much income as possible, using as many different ways as possible! http://ping.fm/kOTa4
Saturday, June 4, 2011
Build your asset portfolio, purchase land from the
Government. No credit check, small monthly payments
http://ping.fm/TTxGa
Government. No credit check, small monthly payments
http://ping.fm/TTxGa
Friday, June 3, 2011
Usually, when the IRS sends you certified mail, you have less than 30 days to make it right or request an Installment Agreement http://ping.fm/jQfmB
Thursday, June 2, 2011
Obama administration studying idea of a tax on miles driven to raise money for road repair? http://ping.fm/B5URp
Wednesday, June 1, 2011
Video, information and tips on engery tax credit for 2011 http://ping.fm/3IL2O Tax Plan your way to lower taxes!
Tuesday, May 31, 2011
We have lenders available for commercial construction Invoice Lines of Credit. No financials required http://ping.fm/Q6BTM
Sunday, May 29, 2011
Always remember: United States banks are required to report to the IRS any single deposit exceeding $9,999.99. http://ping.fm/G2oGu
Friday, May 27, 2011
Some interesting news showed up on the world bank page at: http://ping.fm/yfWoL keywords: us dollar, foreign currency, year 2025. Always research online information.
Monday, May 23, 2011
Investors taking advantage of current market. Earning 10%! Investment: Private Mortgages http://www.e-zmoneytalk.com/pages/invest+in+private+mortgages.html
Saturday, May 21, 2011
Interested in becoming a tax professional, IRS Tax Forum, San Jose, Ca August 9 -11, more info, more locations http://ping.fm/Z66xh
Friday, May 20, 2011
Tuesday, May 17, 2011
Now is the time to create and realize IRS tax credits/write offs, not in December! http://ping.fm/SvDvr
Monday, May 16, 2011
Developers and Home Owners providing great "rent to own" deals in some parts of the country http://ping.fm/HEheo
Friday, May 13, 2011
Need free help in learning how to cut your expenses? Check out web page - videos at the bottom http://ping.fm/j0lab
New web site has videos/ info on rent to own properties. Real people, real homes. Scroll to bottom of pages to see videos. http://ping.fm/0jbUg
Saturday, May 7, 2011
If you forgot to save for retirement and still want a high quality of life check out http://ping.fm/8oA4A
Monday, April 4, 2011
You must pay your taxes by April 18 but can request a filing extension to October 15, 2011. Extensions filed at http://ping.fm/NRaiO
IMPORTANT Tax News: Taxpayers hiding assets in offshore accounts have until Aug 31 to come clean. http://ping.fm/YHIc6 Contract your attorney
Monday, March 7, 2011
For those looking for cheap, exotic retirement options visit http://ping.fm/EKivh For those who are still young, learn about retirement before it's too late
New money talk site for beginners - http://e-zmoneytalk.com Learn the different options for investing
Hundreds of new freelance jobs posted each day. No fee. Technical and non-technical jobs. http://ping.fm/NWrxc No fees.
Tuesday, March 1, 2011
Tuesday, February 15, 2011
Monday, January 31, 2011
TaxesWillTravel - starting soon will provide listings & financials f/ Rent To Own properties & Owner Will Carry, (Ca) http://ping.fm/kWDsU
Thursday, January 27, 2011
Check out new videos from the IRS. OIC Installment Agreements, Deductions and much more at http://ping.fm/Umeg2
Wednesday, January 19, 2011
No cost e-Report: How to lower your taxes, (legally) when self-employed. Sorry must provied email to access this one! http://ping.fm/chFIJ
Monday, January 17, 2011
50 plus deductions for website owners and home based business owners http://ping.fm/v62hN -scroll to bottom of page
Tuesday, January 4, 2011
Retiring baby boomers, bad news here: http://ping.fm/DBL93 find good news here: http://ping.fm/lyrve
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