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09 March 2010
Are you the one who had taxes withheld from your wages or made quarterly estimated payments but did not file 2006 return, because you had too little income to require filing a tax return. In case a return was not filed, the IRS gives a three year window to file previous returns and claim refunds.If no [...]
Posted in Economy0 Comments
23 February 2010
Report of Foreign Bank and Financial Accounts (FBAR) Do you have a bank account in a foreign country. If your answer is yes. Go on reading.In case you have a brokerage account, mutual fund account or any other type of financial account outside the US, be prepared to disclose the details of your financial account to [...]
Posted in Saving & Investing0 Comments
19 February 2010
Middle class is the back bone of society. A financially strong middle class can give impetus to the economy. Raising their living standards, can result in giving boost to the sale volumes in the Fast Moving Consumers Goods (FMCG) sector. Secret behind the financial strength of middle class is affordable, quality education. Therefore it is quite [...]
Posted in Saving & Investing0 Comments
16 February 2010
THE FUTURE OF HOUSING MARKET The housing market peaked in 2005.Thereafter, until the beginning of 2009, there was a dramatic fall, as the housing bubble burst.The home ownership rate reversed and went back to 2000 level. Just as the high level of activity in construction and housing market were not sustainable, the recent extremely low levels of [...]
Posted in Economy, Saving & Investing1 Comment
12 February 2010
TAX RETURN: FILING IN TIME, PAY TAXES IN TIME I am privately a very prudent guy, in matters financial. I would always endeavor to file my tax return in time and pay all the taxes i owe, in time. Well, someone may say it is an ideal situation. Yes it is so.The benefits for doing this [...]
Posted in Economy, Saving & Investing0 Comments
08 February 2010
The IRS suspended for 12 months from practice, a CPA, for providing false or misleading information. The CPA, advised his clients to transfer funds from their business accounts to two corporations.The corporations then rebated the funds to his clients. Robert A. Loeser, a Certified Public Accountant from Houston, Texas,helped his clients to lower their tax bills [...]
Posted in Saving & Investing1 Comment
08 February 2010
Advisory Committee on Women Veterans, in the Department Of Veterans Affairs will be meeting from Feb 9-11, 2010. The meeting is open to public. This committee will advise the Secretary of Veteran Affairs, in regard to women Veterans. If you have any suggestions, regarding health care, rehabilitation, compensation, outreach, and other programs and activities administered by [...]
Posted in Education0 Comments
06 February 2010
MAKING WORK PAY CREDIT Have you worked during 2009.There is good news for you.File the new schedule M,to claim $800,in case of married couple and $400 for others.Certain conditions apply. Thus a married couple whose earned income is $12903 or more, can receive $800, the max amount.For other categories,the credit is $400 max, if the earned income [...]
Posted in Economy0 Comments
05 February 2010
Tax planning is an essential element of, management of personal financial resources.Need for tax planning is more acute, in these times of shrinking jobs,rising prices of everyday use items, ever growing demand of funds for Children education and Housing. In these financially hard times, every dollar saved, followed by discrete spending will be welcome, by majority [...]
Posted in Saving & Investing0 Comments
04 February 2010
The IRS has issued significant policy changes in the 2010 tax season, for the tax preparers in the US, who help About 80 percent American households, in filing a tax return. IRS feels, there is need for raising the competence threshold of the tax preparers.Therefore, there is a need for registration , testing and continued education [...]
Posted in Saving & Investing0 Comments
