Written by April 1st was implementation day for the Making Work Pay tax credit, and it wasn’t an April Fool’s joke. The American Recovery and Reinvestment Act of 2009 (ARRA), Congress’ most recent effort to “stimulate” our economy, contains this new tax credit, which will affect everyone when filing your individual return. You may be able to [...]
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Find a Tax Preparer that is right for you
When opening your mail in January and February, you probably will receive a lot of documents with descriptions and/or warnings about this information being “Important Income Tax Information!” Soon you will have to decide how to deal with last year’s income tax situation. So, do you try to prepare and file your own income [...]
From the flyer notes
First time homebuyer Credit doesn’t mean you have to actually be a first-time buyer to qualify. And personally I think credit is the wrong word too. During the summer President Bush signed the Housing Assistance Act of 2008. It allows first-time buyers (homes) a tax “credit” to the lesser of $7,500.00 ($3,750.00 if married filling [...]
Passing the week. . .
Some points I think need thought about: Many economists believe and are expecting that the financial crisis, the worst in seven decades, will produce the country’s worst recession since the 1981-1982 downturn. The retail sales report showed that sales at general merchandise stores, the category that includes big chains such as Wal-Mart Stores, [...]
Paying Too Little OR Too Much. . .
Paying Too Little OR Too Much When Filing A Regular Middle Income Tax Return! This is another addition to the series “Mistakes made when choosing a paid tax preparer”. Don’t pay to little or too much when filing your income tax return. That might have sounded odd to you? Why would you [...]
