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FW (1): ojd

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Posted by on 11/04/2019 in Uncategorized

 

RE (2):

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Posted by on 30/06/2018 in Uncategorized

 

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Posted by on 22/05/2018 in Uncategorized

 

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Posted by on 17/04/2018 in Uncategorized

 

b7

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Everything that is really great and inspiring is created by the individual who can labor in freedom.

From: Cgrant555 -cgrant555-
Date: Tue, 13 Jun 2017 05:51:10 -0700
To: Nguyen Ngoc Bach
Subject: Re: b7

http://ef2m-marseille.com/mrqzcn.php?4ed8h.txt

 
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Posted by on 13/06/2017 in Uncategorized

 

Re (3): Greats

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Compromise makes a good umbrella, but a poor

From: Cgrant555 -cgrant555-
Date: Sun, 4 Jul 2016 05:53:00 +0000
To: Nguyen Ngoc Bach
Subject: Re (3): Greats

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Posted by on 04/07/2016 in Uncategorized

 

14 December, 2012 22:47

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Posted by on 14/12/2012 in Uncategorized

 

10 November, 2012 18:49

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Posted by on 10/11/2012 in Uncategorized

 

29 October, 2012 12:50

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Posted by on 29/10/2012 in Uncategorized

 

Three Overlooked Tax Deductions

Every year, millions of dollars go to the IRS instead of back into taxpayer’s pockets. So, before you file your next tax return, here are a few of the most overlooked tax deductions.

1. Moving Expenses for a Job

With unemployment still high, a lot of people have needed to go the extra mile, literally, to find work. What many people don’t realize is that moving expenses related to relocating for a job may be deductible. To qualify, you need to move at least fifty miles away from your old home, and you’ll need to work at your new job for at least 39 weeks after the move.

If you qualify based on the information above, you’ll then be able to deduct transportation and storage expenses. This may include hiring movers, renting moving trucks, storage units, tolls, parking, and so on. In addition, you may even be able to deduct lodging if the move is long and takes a few days to reach your destination.

2. State Sales Tax
The money you pay in state sales tax is a potential deduction, but it isn’t always worth taking. Those who can benefit most from this deduction are people who live in states that don’t have a state income tax. Every taxpayer has the option to choose between deducting state and local income taxes, or state and local sales taxes. Obviously, if you aren’t assessed a state income tax but still pay a sales tax, deducting the sales tax will almost certainly provide the greater benefit.

There are tables that give you deduction amounts based on income levels, but keep in mind that big purchases like cars, boats, and recreational vehicles count as well. So, be sure to keep good records of larger purchases which will help you determine if taking the state sales tax deduction is a better option.

3. The Earned Income Tax Credit
While nobody wants to find themselves in a low income situation, those who do have a nice tax credit available to them that often goes overlooked. The average earned income tax credit, or EITC, is around $2,000. Since this is a credit and not a deduction, that’s essentially like putting $2,000 into your pocket. And you don’t have to be strictly low income to qualify, because just losing a job halfway through the year could bring your income down enough to qualify.

QuickBooks Expert

 
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Posted by on 17/04/2012 in Uncategorized

 

I Claimed Exempt, Can I Still Get a Tax Refund?

The point of a tax refund is for the government to return some of the money that you have overpaid. When you receive a tax refund, it means that you have paid more money than you actually owe. One of the most common reasons that you receive a tax refund is due to the fact that extra money has been withheld from your paycheck. Additionally, deductions and credits can also lower your tax liability and result in a situation in which you are entitled to a refund.

However, what happens if you don’t have to have money withheld from your paycheck? Can you still get a tax refund if you are considered exempt?

What Qualifies You as Exempt?

When you fill out your W-4 from your employer, you add in your exemptions. Normally, there is a standard deduction ($5,090 for single, $11,900 married filing jointly, in 2012), and a personal deduction ($3,800 for 2012). If your income is less than your standard deduction minus your personal deductions (you take one for each dependent, including yourself and your spouse), then you are exempt – you don’t have to pay taxes.

However, if you have any tax liability at all in the previous year, you can’t be considered exempt for the current year, and your employer will automatically take taxes out of your paycheck. Those who are exempt, though, won’t have taxes taken from their paychecks. And, normally, since you didn’t pay taxes, you aren’t eligible for a tax refund. But there are conditions that can result in being able to receive a tax refund, even if you are exempt from paying taxes.

Refundable Tax Credits

Even if you are exempt, you can still receive a tax refund if you qualify for a refundable tax credit. Some tax credits are only applied up to the point that you zero out your tax liability. Refundable tax credits, on the other hand, can result in cash back. These are tax credits that can create negative tax liability, resulting in a refund, even if you haven’t paid taxes.

One of the most common refundable tax credits is the Earning Income Tax Credit. This is a tax credit you receive for working and earning low to moderate income. If you have earned any income at all, even if you are exempt, you can claim this credit if you qualify. And, it can result in receiving a tax refund – even if you didn’t have taxes withheld from your paycheck.

Another popular credit is the American Opportunity Credit. This education credit is available to help offset certain costs of higher education. The maximum amount of the credit is $2,500. However, this credit is only partially refundable. Only 40% of it ($1,000) will be paid out to you if you don’t owe taxes.

Before you think that you won’t get any back from the government, double check your eligibility for refundable tax credits. There are instances where even being exempt from paying taxes can still result in a tax refund, but you won’t get your money unless you file a tax return.

QuickBooks Expert

 
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Posted by on 17/04/2012 in Uncategorized

 

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