Members: 114,168 -
1,002 Online Now Login
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Blog entries tagged with "income tax":
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
© 2007 ActiveRain Corp. All Rights Reserved 
|
|||||||||||||||||||||||||||||||||||||||||||||||||
My daughter just sent me an email from who knows where pertaining to the bail outs that are about to occur. The email asked why congress doesn't just give the bail out money to the American people. (I've seen quite a few of these going around.) After reading it, which I normally … (4 comments)
The competitive advantage-They always make payroll so you can money
The 2008 TAX CREDIT (loan) for 1st time home buyers has some snags I want to know more about, maybe someone can make it clear to me in my peabrain?
OUR CAPITAL GAINS U.S. INCOME TAX LAW HAS CHANGED REGARDING SALE OF A HOME OR RESIDENTIAL PROPERTY, WHICH WAS ALSO USED PART OF THE TIME AS A RENTAL.
Housing and Economic Recovery Act of 2008 - Overview of the First-Time Homebuyer Tax Credit
There is a current misconception that the tax laws have changed and that ALL sellers involved
in short sales will be excused from paying income tax on the amount of the mortgage
shortfall. Unfortunately, that is NOT true!
On December 20th, President Bush signed into law a measure that will change … (0 comments)
Here is some information that was sent to me regarding this new tax credit. I hope that this will answer some questions that you may have. For me it has answered most of my questions and added some new ones. So here it is:
More than 130 million Americans will receive tax rebates this year as part of Congress' $168 billion economic stimulus package.
Payments begin in about two weeks and range from $600 for individuals to $1,200 for couples, plus an additional $300 per child.
Not everyone is eligible for a full rebate, however. … (0 comments)
Dear Fellow Tax Serf,
Do you dread doing your taxes and income tax day? Did you know that Americans spend $265 billion dollars a year preparing their income taxes? btw, this is substantially more than the tax rebates that the gov't is sending out this month.I had heard about flat tax in the past, but … (2 comments)
Oh well, the economy is going to hell and millions suffer in poverty, unemployment is rising and many others are homeless from tragedies across our nation like hurricanes, fires and floods.
Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up … (0 comments)
This article is by CRS instructor, Chris Byrd who is well known for his tax strategy seminars He has been a speaker for the Northern CA CRS Chapter and we find him to be very good! Chris@ChrisBirdSeminars.com or http://www/.chrisbirdseminars.com 
By miserable cities, they don't just mean the real estate market. They have taken several variables into account and rated cities based on these. The factors they looked at was the weather, pollution, commute times, income tax, unemployment, and crime rates. America's Most Miserable Cities are: Detroit, MichiganStockton, CaliforniaFlint, MichiganNew York, … (8 comments)
Good News ! 
The Mortgage Debt Relief Act of 2007 will save some homeowners facing short-sales or foreclosures from paying federal taxes on the forgiven debt. There are very specific requirements:
In my last post on this topic I discussed depreciation as an expense. We defined depreciation as the measure of the loss of value of business asset over its useful life. So, now we want to find out exactly what an asset is anyway.
The Great American Dream has, and always will be, home ownership. Sixty percent of people in the U.S. own their own homes. Why shouldn’t the other 40% come along for the ride? Well, they could. And they should. But only if they can afford to. Only if they’ve worked hard to … (2 comments)
Beginning this year, registered Domestic Partners may file joint tax returns in the District of Columbia. Bill 16-958, the Domestic Partnerships Joint Filing Act of 2006, became law on Wednesday, March 14, 2007. Couples registered as domestic partners in D.C., who must still file as single on federal forms, may file … (2 comments)
… (1 comments)
… (0 comments)
Hi Friends!A few sellers and another REALTOR® called me this week about what happens after foreclosure. I also went to 2 panel discussions this week with experienced bankers and mortgage lenders. I'm sharing so you can provide better guidance to your clients and advise your clients to contact their real estate … (10 comments)
Home owners who have been foreclosed on- NAR supports waiver of Income tax. Timing couldn't be better for NAR to pursue the House (Ways and Means Committee) to move forward on a bill to do a way with "the Phantom Tax" on foreclosed home. Read the relayed link.
If you've completed a 1031 exchange, you can use IRSForm8824.com to complete your Form 8824! You enter information about your properties from your settlement statements and tax records and it will automatically produce a Form 8824 that is downloaded to your computer. Features: *Zero Balance check to help you make … (0 comments)
Well Michigan has gone above and beyond in disappointment and did a great job holding true to the past trend of being non-business friendly. Of course most of us in business knew what the results would be coming from the perfectly timed financial fiasco put together by Michigan's joke of a … (9 comments)
Remember the old tag line from the show "Lifestyles of the Rich and Famous", as Robin Leach wished us all "champagne wishes and caviar dreams"? And sure enough, these days more and more people have the trappings of the rich. But is it the new home, maybe a shiny BMW, or … (0 comments)
Beware the Phantom Tax
It is the dreaded time of year has rolled in again. It seems April 15 comes quicker than my birthday each year. I dread it even more. Separating income, expenses, mileage, charities, fees, dues and receipts! WOW! I can hardly wait to send them off to my accountant! I can't even … (15 comments)
… (2 comments)
Home Sweet Home...Your greatest tax shelter
Write-offs are the government's way of rewarding taxpayers when they've done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many of which people often forget.
Here are a few tips and strategies to reduce your income taxes for 2006 per Money Magazine.
Last week I paid my taxes. I take a “small” monthly paycheck and then the “mother load” at my corporate year end! The tax bill on that is quite a hit! I suppose most would say, “Don’t complain, if you’re paying a lot of taxes you’re making a lot of money”. … (1 comments)
Here's a quick and easy promotional idea.