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Published: January 21, 2012, 19:02 | 1 Comment
Category: Uncategorized
Are you open to learning how to legally reduce your Taxes and increase you Paycheck Today? Just fill in your info below to get my free video. We do not share your information
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Published: January 21, 2012, 18:52 | No Comments
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This is why you never take your eyes of your kids alone not even for one Second. Send this link to everyone you know even if they don’t have kids.
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Published: February 9, 2012, 20:19 | No Comments
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My friend sent me this video and it just made my day. I always talk about Taxes, Money, And Silver and Gold. But today I wanted to make someone day. Share this video with your family and friends today; you just may help them have a great day. If you would like this post let me know. God Bless
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Published: February 9, 2012, 17:52 | No Comments
Category: Uncategorized
There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor, you are generally considered to be self-employed.
Here are six key points the IRS would like you to know about self-employment and self- employment taxes:
1. Self-employment can include work in addition to your regular full-time business activities, such as part-time work you do from home or in addition to your regular job.
2. If you are self-employed you generally have to pay self-employment tax as well as income tax. Self-employment tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It is similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. You figure self-employment tax using a Form 1040 Schedule SE. Also, you can deduct half of your self-employment tax in figuring your adjusted gross income.
3. You file an IRS Schedule C, Profit or Loss from Business, or C-EZ, Net Profit from Business, with your Form 1040.
4. If you are self-employed you may have to make estimated tax payments. This applies even if you also have a full-time or part-time job and your employer withholds taxes from your wages. Estimated tax is the method used to pay tax on income that is not subject to withholding. If you fail to make quarterly payments you may be penalized for underpayment at the end of the tax year.
5. You can deduct the costs of running your business. These costs are known as business expenses. These are costs you do not have to capitalize or include in the cost of goods sold but can deduct in the current year.
6. To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be indispensable to be considered necessary.
For more information see the Self-employment Tax Center, IRS Publication 334, Tax Guide for Small Business, IRS Publication 535, Business Expenses and Publication 505, Tax Withholding and Estimated Tax.
98% Of Business Owners and Employees Over Paying or Under Paying Their Taxes
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Published: January 25, 2012, 18:53 | 2 Comments
Category: Uncategorized
DETROIT (AP) — The federal government now says a 101-year-old Detroit woman it promised could move back into her foreclosed home four months ago can’t return because the building’s unsanitary and unsafe.
Texana Hollis was evicted Sept. 12 and her belongings placed outside after her 65-year-old son failed to pay property taxes linked to a reverse mortgage and the U.S. Department of Housing and Urban Development foreclosed on the home.
Two days later, the department said she could return. But now, HUD said it won’t let Hollis move back in because of the house’s condition. She had lived there about 60 years.
“Here I am, 100 years old, and don’t have a home,” Hollis said, rounding off her age. “Oh Lord, help me.”
Department spokesman Brian Sullivan told The Detroit News (http://bit.ly/yoTW9X ) that an inspection determined the house “was completely unsuitable for a person to live in.”
“We can’t allow someone to live in that (atmosphere) now that we are essentially the owners of the property,” Sullivan said. “The home isn’t safe; it’s not sanitary. It’s certainly not suitable for anyone to live in, especially not a 101-year-old mother.”
HUD doesn’t want to pay to fix up the house, but Sullivan said the department’s seeking other agencies that might help with the work and get Hollis back into her home.
“We’re not giving up,” Sullivan said. “We’re talking with anybody and everybody about solutions to this situation, but the condition of the property is a challenge.”
After hearing about her longtime friend’s eviction, Pollian Cheeks, 68, offered Hollis a room at her home within a mile of Hollis’ house. Hollis, who once taught Cheeks in Sunday school at St. Philip’s Lutheran Church, agreed to the invitation and has been staying at Cheeks’ house in the meantime.
“Polly’s just as nice to me as anybody could be. She goes out of her way to help me,” Hollis said, holding back tears. “It’s just like living at home, but it’s not my home.”
Hollis’s son took out the reverse mortgage for the $32,000 assessed value of the property, an option that HUD permits for the elderly. HUD took control of the mortgage after the amount paid to the family exceeded the value of the house in 2006.
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Information from: The Detroit News, http://detnews.com/ This is sad. you can read the total story http://yhoo.it/wEsPYl
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Published: January 23, 2012, 15:43 | 2 Comments
Category: Uncategorized
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Published: January 22, 2012, 15:45 | 1 Comment
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Learn from the Guru how to make money from Facebook
http://Markcpires.socialmediainsanity.com
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Published: January 22, 2012, 14:29 | 2 Comments
Category: Uncategorized
Are you open to learning how to legally reduce your Taxes and increase you Paycheck Today? Just fill in your info below to get my free video. We do not share your information
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Published: January 22, 2012, 01:47 | No Comments
Category: Uncategorized
Are you open to learning how to legally reduce your Taxes and increase you Paycheck Today? Just fill in your info below to get my free video. We do not share your information
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Published: January 21, 2012, 23:42 | No Comments
Category: Uncategorized
Visit http://bit.ly/zpHpyV for ways to protect yourself and your family today for less than a cup of coffee a day.
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Published: January 21, 2012, 23:28 | No Comments
Category: Uncategorized