Thursday, May 27, 2010

Will Rogers - Knowing When To Get Off

William Penn Adair "Will" Rogers (November 4, 1879 August 15, 1935) was a Cherokee cowboy, comedian, humorist, social commentator, vaudeville performer and actor. Known as Oklahoma's favorite son, Rogers was born to a prominent Indian Territory family. He traveled around the world three times, made 71 movies (50 silent films and 21 "talkies"), wrote more than 4000 nationally-syndicated newspaper columns, and became a world-famous figure. By the mid-1930s, Rogers was adored by the American people. He was the leading political wit of the Progressive Era, and was the top-paid movie star in Hollywood at the time. Rogers died in 1935 with aviator Wiley Post, when their small airplane crashed near Barrow, Alaska Territory. He poked fun at gangsters, prohibition, politicians, government programs and much more... "When I die, my epitaph or whatever you call those signs on gravestones is going to read: "I joked about every prominent man of my time, but I never met a man I dident like." I am so proud of that I can hardly wait to die so it can be carved. And when you come to my grave you will find me sitting there, proudly reading it." "I belong to no organized party, I'm a Democrat" "Lord, the money we do spend on Government and its not one bit better than the government we got for one-third the money twenty years ago." "What of ugly campaign rumors? Don't worry: "The things they whisper aren't as bad as what they say out loud" "Our foreign policy is an open book - a checkbook ...



http://www.youtube.com/watch?v=UJl_qOV5q5s&hl=en

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Friday, April 9, 2010

Residential Energy Property Tax Credit - What Homeowners and Builders Should Know

Homeowners can now make energy saving improvements to their homes and receive a tax credit up to $1,500 when filing their 2009 income tax return.The American Recovery and Reinvestment Act which was enacted earlier in 2009 expanded this credit. If you spend $5,000 before the end of the year, on eligible energy-saving improvements, you may be able to save as much as $1,500 on your 2009 Federal income tax return.

The credit is equal to 30% of the cost of all qualifying improvements subject to maximum credit limit of $1,500 claimed for 2009 and 2010(both years combined). The credit applies to improvements such as insulation, energy-efficient exterior windows and energy-efficient heating and air-conditioning systems. For additional information on qualifying improvements please visit the IRS website.

To qualify as energy-efficient, the improvements are required to meet new standards that are more restrictive than the standards that existed in prior years. In addition, manufacturers are required to certify that the product meets the new standards by providing a written statement to that effect. In order to qualify for the credit, the improvement must be placed in service after December 31, 2008 but prior to January 1, 2011. The improvements must be made to the taxpayer's principal residence which must be located in the United States.

Taxpayers must claim the credit in the tax year in which the improvement is made by completing Form 5695.

Tax Tip - Some vendors may mislead you or there may be some confusion about the certification since the credit existed in prior years. For this reason, it is very important that you make sure the certification statement is for the 2009 credit rather than a credit from a prior year. A word of advice, since certain slow-moving energy-efficient products from last year may be marketed at closeout prices during the holiday season, it's critical to verify that you have purchased a current year product with the 2009 certification from the manufacturer in order to use the credit on your 2009 income tax return.

The tax credit can only be used if you have a tax liability and you cannot use it if you have no tax liability. You are now required to file a regular Form 1040 to use the credit. It is not available to 1040EZ and 1040A filers. So instead of filing Forms 1040EZ and 1040A you need to file Form 1040.

Due to other credits claimed by a taxpayer, limits based on tax liability and other factors, the actual savings may vary.To best determine if you qualify for this $1,500 credit you should ask your accountant to help you make this determination.




To learn more about our special 1040EZ program, please visit http://www.sl-cpa.net/form1040taxes.php and register in our secured portal for the 2009 tax season and you will lock into our special pre tax season 1040EZ price, a monthly tax and accounting newsletter and over 50 financial web based calculators at no additional charge.

Sandor Lenner,CPA/MBA has over 35 years of accounting experience and is also a Certified QuickBooks ProAdvisor.He works part-time with Susan Missal Lenner, P.A. - http://www.sl-cpa.net

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Wednesday, March 24, 2010

Joe Biden in Suffolk, Virginia (part1)

Senator Joe Biden visited much of Virginia just as his running-mate did in the 2008 Presidential Election. Here is a look at a stop he made in Suffolk, VA. He visited Nansemond River High School and spoke in front of a crowd of nearly 1000 people. Well received, Biden's speech covered tax relief for the middle class, assistance for college students, the Iraq war, Replenishing American jobs and the housing crisis. Virginia is a very important battleground state. With just over a week until election day, Biden told the crowd that if they win Virginia, they win the presidency! They did just that!



http://www.youtube.com/watch?v=NZ2fE3tjsqM&hl=en

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Monday, March 22, 2010

IS IT HAPPENING TO YOU? HOPE ALLIANCE PHONE CALL FORECLOSURE SCAM

WARNING: EXPLETIVE USE AT END OF VIDEO!! Buyer beware this is telephone conversation I had today, December 22, 2009, with (Richard) Greg Cruz at a company called HOPE ALLIANCE (8777949528, 9045272390, 8884357270), not to be confused with the federally endorsed HOPE NOW ALLIANCE. I received 2 calls from the organization since last Friday and returned the call today. During the conversation, I was given conflicting information and was also led to believe that HOPE ALLIANCE and HOPE NOW are one in the same. Please listen for yourself. With many consumers desperate for relief and afraid they might lose their homes in these difficult economic times, some unscrupulous individuals prey on these fears for their own financial gain. The HOPE ALLIANCE scam has given consumers false hope under the guise of the government-endorsed HOPE NOW Alliance. The Federal Trade Commission (FTC) charged the defendants with violating federal law by misrepresenting that they could obtain mortgage loan modifications for consumers in all or virtually all cases and that they would refund consumers money if they did not. The website states that it is an alliance of nonprofit organizations and housing counselors that can assist homeowners in obtaining a loan modification or stopping foreclosure. The website also states that it is a 501 (c) (3) non-profit organization. However, HOPE Alliance is not registered with the IRS or the Attorney Generals Office as a non-profit. The Attorney Generals complaint ...



http://www.youtube.com/watch?v=raO2GTdmGbc&hl=en

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Sunday, March 14, 2010

20070902 Mount Airy Maryland Fire

September 12th, 2007 -- corrected April 14, 2008: Recovery efforts underway from recent 3 alarm fire in Mount Airy by Kevin Dayhoff 09/02/2007 Mount Airy Fire Photos by SD and M Dorrance In the early morning hours of Sunday, Sept. 2, the town of Mount Airy was awakened to a three-alarm fire in the 200 block of South Main Street. The damage is estimated to be around $4 million for seven businesses, and five apartments destroyed in the historic main downtown business district of Mount Airy. The businesses affected by the fire, included Larienzo's Brick Oven Cafe, A Do or Dye Day Spa & Salon, Déjà vu, Retro Metro, Inspiration Point, Matrix Solutions, and the Olde Towne Restaurant. An empty lot vacated by a fire which destroyed a grocery store a number of years ago separated the fire from the newly renovated Town Hall, which was unharmed. Two buildings were destroyed, the Watkins building owned by Bill Chapman and the Bohn building owned by CBI Development Group, LLC. The American Red Cross provided assistance for the displaced apartment residents. Over a hundred firefighters from Carroll, Frederick, Montgomery, and Howard counties fought the blaze. There were no reports of injuries. Fighting the fire was reported to have been difficult and complicated by a relatively narrow Main Street, overhead wires, various other access issues, and challenges obtaining water. None of the buildings or businesses involved had sprinkler systems. The small town of about 9200 residents which ...



http://www.youtube.com/watch?v=IKri33TVk0s&hl=en

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Thursday, March 11, 2010

Tax Relief - Strategies

A long time back, watching a Bill Gates interview changed my point of view on accumulating wealth. When asked what the key was to his financial success, he responded, 'A working knowledge of the tax code.' It is surprising that the answer was not hard work or ground-breaking technology. This is a pointer to how the rich are getting richer. The issue is not merely about how much money you make, but also how much of it you can retain using tax relief strategies.

It is important that you understand the usefulness of exploiting the tax laws to your advantage. This does not depend on your experience or understanding of business. You can be a veteran business individual or just starting out; this knowledge can change the way you do business! It will also get you much required tax relief for yourself and your company.

As a matter of fact, two major wealth stealers you come across are taxes and lawsuits. Taxes work against you by nibbling away at your wealth. This includes federal income taxes, state taxes, and self employment or social security. In a year, an average American or employee will lose around 42-55% of his or her earnings in taxes. As luck would have it, the richest people in the U.S. are only paying single digit taxes. So can you, by being more aware of the ways you can get tax relief.

The other killer of assets is lawsuit. It can lead to a sudden loss of hard earned money. Nobody really wins a lawsuit, as even winning it takes a lot of time and money. You can guard yourself by understanding how to structure your business.




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Over the past few years R. L. Daniel and partners have helped thousands of people with their IRS and state tax problems.

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If you have urgent questions or concerns about your tax debt, we are available to help you at 800.993.1249 Monday to Friday 6:00AM to 8:00PM Pacific Time.

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Monday, March 1, 2010

President Bush on tax relief

President Bush, speaking at the US Chamber Small Business Summit, on the need for long-term tax relief. April 18th 2008, Washington DC - uschambersummit.com



http://www.youtube.com/watch?v=42ptm0UlwzI&hl=en

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