Short Sale vs. Foreclosure: Taxes and Deficiencies If you thought the IRS couldn't possibly make losing your home even worse, think again. They'll likely be there with their hands out expecting a cut if you short sell your home or even if you're foreclosed upon, in some cases. It may not be fair but the only way you can avoid it is to get short sale help from a professional who knows how to make sure that you get the best deal...more
Disability Tax Benefits for Prader-Willi Syndrome Patients Anyone having a disability like Prader-Willi Syndrome will most likely be eligible for several disability tax benefits. Such a person should approach the Canadian Disability Corporation for help, as they can give guidance in applying for those tax benefits that the person may be entitled to. Prader-Willi syndrome is a rare genetic disorder. This happens because of the...more
The first step to annually appealing your property taxes is to send a written notice to the appraisal review board (ARB) for the county in which your home is located. Even if you have not received a notice of assessed value from the appraisal district, file a notice of appeal by May 31st.You can file a notice of appeal by utilizing the Comptroller's form or by sending a letter to the ARB. The letter to the ARB simply needs to identify the property being appealed and the basis for your appeal. You should always appeal on both market value and unequal appraisal.Comparable sales are the cornerstone of a market value appeal for a home. Sources of comparable sales data can be found in the House Bill 201 package obtained from the appraisal district and MLS sites. To develop a market value appeal consider the following factors:New-home discounts - Recently purchased homes in subdivisions where builders are active, or near subdivisions where builders are still active, often sell for 5% to 15% less than their initial purchase price. Researching data for recently sold homes sold by the initial owner (versus the builder) will document this discount. Livable versus sellable - When preparing to...more
Every year as the financial year comes to a close, many tax payers in the country can opt for the tax refund help even if the income tax incurred by him is zero. If you are shocked to hear that, then let me assure you that it is absolutely a true fact. The reason for getting the refunds is the calculation and the deduction of the tax credit that is...more
Operating heavy vehicles like semi trucks is a stressful, time-consuming business endeavor. Any business is rife with things to do, but when you're in charge of running a fleet of trucks on our nation's highways and keeping everything running like clockwork, you hardly have the time to stop by the Internal Revenue Service and pay the Heavy Vehicle...more
ZenDealer,We represent considerable authority in working with free vendors who treat their business appropriately, and are keen on taking it to the following level.Our prosperity is straightforwardly and at last estimated by the achievement of the vendors we serve.Craigslist Posting Service for Car Dealersmore
The HVUT, or Heavy Vehicle Use Tax, is an annual tax paid by truck drivers or owners of trucking companies. It applies to drivers operating large vehicles on our nation?s highway, and a lot of the money goes towards maintaining roads, alleviating...more
Free NFL Picks: To Provide a Pathway towards Victory Nowadays, most of the football freaks are also interested in placing bets over their favorite teams. If you wan some extra cash, then this is surely a very quick way to accomplish...more
Will, a a plumber who worked for himself from Houston didn't file his tax returns. Last May, he lost his records during a flood, and had not found time to fret about it because his sub-contracting custom work was at last picking up. Fortunately, the...more
According to the U.S. Bureau of Labor Statistics, the demand for truckers is increasing and is expected to continue to increase 10% over the next 10 years. The heavy vehicle use tax or HVUT is a fee assessed annually on these heavy vehicles operating...more
The AMT items that were talked about in Part 1 of this wrap-up generally were the bigger ones that can, depending on a taxpayers situation, present immediate year-end Alternative Minimum Tax savings opportunities. But the other items that were...more
Wall Street Journal editorial, A 69% Capital Gains Tax Hike . . . Pelosis 5.4% Income Surtax Would Hit Capital Gains and Dividends:House Democrats are funding their new entitlement with a 5.4% surtax on incomes above $500,000 for individuals and...more