By: Tax Advisors Tax Planning Views: 5792 | Comments: 0 | Votes: 0
If the tax cuts are allowed to expire at the end of the year, stock dividends will be subject to a much higher tax. Right now, the tax on stock dividends typically is a maximum 15%. But if the Bush tax cuts expire and we revert to previous levels, dividends would be subject to an income-tax rate of as much as 39.6%. More
By: Kerry Freeman EA Tax Planning Views: 5791 | Comments: 0 | Votes: 0
Remember, not all tax preparers are created equal. So, when shopping around, ask yourself a few important questions: 1. While you may never need to be represented in an audit or collection, it is important to find a qualified tax professional to prepare and file your return. Enrolled agents are qualified tax professionals. 2. More
By: 1888pressrelease.com Real Estate Views: 5786 | Comments: 1 | Votes: 0
David Wengerd, Founder and President of Classic Quality Homes, believes a home should be so much more – a safe haven, the epicenter of daily life and a place where memories are made and generations are born. “Buying a home is the most significant purchase most people will ever make,” Wengerd says. had surpassed $200,000. “We love building houses. More
By: Kenneth R. Harney Home Loans Views: 5764 | Comments: 0 | Votes: 0
You might think not, but two new legal actions by federal fair lending regulators suggest the mortgage industry — and even federally run financing giants Fannie Mae and Freddie Mac — may need to address the issue. In one case, a Seattle physician settled a discrimination complaint with Cornerstone Mortgage Co., a national mortgage banking firm based in Houston. . . Kenneth R. More
By: Kenneth R. Harney Home Loans Views: 5707 | Comments: 0 | Votes: 0
Tens of thousands of condominium unit owners around the country may not know it, but their ability to sell or refinance could be jeopardized by a rolling series of federal government deadlines. Beginning next spring, another 23,000 projects - with residential units totaling into the estimated hundreds of thousands - could lose their eligibility as well. The deadline was Tuesday. More
By: On My Own Two Feet Tax Planning Views: 5693 | Comments: 0 | Votes: 0
Ask a working parent how they feel about summer and you may be surprised. Thoughts of beaches, barbeques, and balmy days at the ballpark are often overshadowed by something much less exotic – concerns about childcare. If you have children under the age of 13, and you need childcare so that you can work, look for work, or attend school full-time, you are in luck. Shepherd Dr. More
By: Tax Advisors Tax Planning Views: 5656 | Comments: 0 | Votes: 0
Social Security benefits are taxed depending on your total income from all sources. Here is how to calculate how much of your Social Security benefits is taxable. Provisional Income Provisional income is your total worldwide income, including tax-exempt income, plus half of your Social Security benefits. 2. 3. 4. More
By: Art Of Saving Education Planning Views: 5615 | Comments: 0 | Votes: 0
Scholarships are a great way to pay for college education. The problem is that scholarships are typically merit-based, which means they are usually reserved for students with 4.0 GPAs or star athletes. Thankfully, there are scholarships that rely on other kinds of distinction. Some of these scholarships might be called "non-traditional"; others are downright strange. Well, not anymore. More
By: Kenneth R. Harney Home Loans Views: 5536 | Comments: 0 | Votes: 0
Do you ever get the feeling that your credit score doesn’t adequately portray your true risk as an applicant for a home mortgage? If your FICO score is a subpar 690 but you know that you are a solid candidate for a loan, do you think that lenders’ heavy dependence on credit scores is unfair to you as an individual? You’ve got some company. The jury is out. More
By: Steven Leibold, EA Tax Planning Views: 5499 | Comments: 0 | Votes: 0
Who's an Employee of the Corporation? Generally, an officer of a corporation is an employee of the corporation. Treasury regulations provide an exception for an officer of a corporation who does not perform any services or who performs only minor services and who neither receives nor is entitled to receive, directly or indirectly, any remuneration. More
