If you've been thinking about donating a car for a tax deduction and not sure how to go about it, here are some tips you should know. You want to be able to donate the car, truck, RV, boat, motorcycle or other vehicle and get the best tax write-off while helping a charity do its work.You'll see many places advertise with big "Donate Your Car" headlines. But, oftentimes you may have never heard of the charity or organization. Some may be...more
Low Income Housing Tax Credit (LIHTC or Housing Tax Credit) program has been made a permanent element of chapter 42 of the Federal Income Tax Code. Owners of Low Income Housing Tax Credit Properties receive tax credits for a portion of the construction/renovation cost. Tax credits can be used to directly reduced federal income taxes. (Tax deductions reduce taxable income and thereby indirectly reduce income taxes.)Provisions of the Low Income...more
Its tax time again across America and for most people that means taking time to round up the receipts, W2 forms, and mortgage documents necessary to file with the IRS. It's estimated that more than half of the filers use an accountant or CPA to prepare their taxes and this meeting can make even the coolest of customers sweat. The Accounting Aisle, an online service that matches local accountants with consumers, asked some of its accountants for their biggest pet peeves and tips on how to save money on this annual ritual. Without exception, accountants and CPAs say that a little preparation will save you time and money on your tax bill. Not Completing Your Tax Planner. Most accounting firms will send out an annual tax preparation booklet designed to answer all of the questions necessary to properly file your taxes. It's frustrating when a customer sets up a 90 minute appointment and brings an empty planner to the meeting. It's a waste of everyone's time -- and money. Often they have to reschedule the appointment and charge an extra fee. Shoe Box Clients. Shoe-box clients are the bread and butter of the accounting industry, but accountants often have to take a deep...more
If you are working in medical industry or any healthcare clinics, you probably understand the importance of premium quality scrubs no matter if its tops or pants. Some time ago, scrubs were just available in plain colors and were usually white without any style or designs. However, as our technology develops and time keeps changing things, scrubs...more
Getting a tax deduction is every tax payer's goal. Luckily, the laws in taxes make it simple and easy to reach this goal. One can decrease taxable income through several tax deductions or lessen tax liability through a range of credits.Here are lists of achievable tax deductions. The lists are helpful guide to taxpayers.Business Expenses1) For...more
One of the best ways to invest in real estate, even in this economy, is by purchasing tax foreclosure properties. Tax foreclosure properties are the result of unpaid tax debt. First a tax lien is placed on a property when the owner fails to pay the taxes that are due. After a certain amount of time (which can vary) the government will eventually sell the property in order to get payment for the back taxes. In many cases the property tax bill is much less than the actual property's worth. Sometimes tax lien properties sell for as little as 5% to 30% of their market value.In these economic times those who have money to invest would do well to invest it in tax foreclosure properties. Tax foreclosure properties can vary widely in price, size, location, etc. These properties are located in every neighborhood and every state across the country. Since each state and locality has its own rules and procedures in place for tax lien properties it is important to first gain an understanding of these before you proceed. While the procedures aren't usually very hard they must be followed properly in order to purchase a tax lien property.The first step towards getting a tax lien property is to...more
Real estate can be a very good investment, even in these economic times. You can make money on property by learning about tax foreclosure properties. Tax foreclosure properties are real estate properties that have been taken and will be sold for...more
In these economic times there is still a way to make money with real estate. You can learn how to make money with tax foreclosure properties. Tax foreclosure properties are properties that are being foreclosed due to tax liens. Those who are...more
Many people find paying taxes to be a frustrating, painful, and time-consuming exercise. But with a little preparation and help from technology, you can revolutionize your tax paying experience into something that is, if not pleasant, at least...more
Maxwell s defining electromagnetism was seminal in creating the modern era of physics at the turn of the 20th century. Einstein spent the latter third of his life trying to explain how gravity, electromagnetism and two other fundamental forces...more
There are times when a property owner is unable to pay the obligation in property tax. When this happen, a property owner becomes a delinquent taxpayer and a governing authority is in charge of collecting the taxes. However, if the authority is not...more
Each year there are over 5,000 lists of tax sale properties, both lien sales and deed sales. Numerous tax servicing and mortgage companies were provided with these lists for remediation purposes. These lists are available at reasonable prices for the...more