Thursday, May 27, 2010
Will Rogers - Knowing When To Get Off
http://www.youtube.com/watch?v=UJl_qOV5q5s&hl=en
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
Wednesday, March 24, 2010
Joe Biden in Suffolk, Virginia (part1)
http://www.youtube.com/watch?v=NZ2fE3tjsqM&hl=en
Monday, March 22, 2010
IS IT HAPPENING TO YOU? HOPE ALLIANCE PHONE CALL FORECLOSURE SCAM
http://www.youtube.com/watch?v=raO2GTdmGbc&hl=en
Sunday, March 14, 2010
20070902 Mount Airy Maryland Fire
http://www.youtube.com/watch?v=IKri33TVk0s&hl=en
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.
Do you also want to learn about getting rid of your IRS and/or state tax problems? Visit us at our website for money saving Tax Debt Tips and Strategies. http://www.LimonWhitaker.com
Over the past few years R. L. Daniel and partners have helped thousands of people with their IRS and state tax problems.
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.
Monday, March 1, 2010
President Bush on tax relief
http://www.youtube.com/watch?v=42ptm0UlwzI&hl=en
