The Tax Preparation Blog

Archive for February, 2006

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Question: Is it better to buy muni bond fund or the bond note itself, assuming the rate of return is the same?

Both are tax free for California and Federal.

Answer: For individual investors, I would still recommend a fund. If the one bond you invested in defaults (I know this is rare), you may loose much of your investment. If it happens to the fund, the impact on you will be negligable. It’s back to the basics: dirvesify, diversify, diversify. Effective diversification is not practical for most individual investors to do on their own.

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Loans to speculators produce tax free bonds for rich investors. Violations of law encouraged by the Federal Farm Loan Board. The Iowa Lake loan and other unlawful cases $10.15 This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continu…

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School project bonds no longer interest free

Just weeks after voters in Norwood Young America passed a bond referendum for $10.2 million at zero percent interest for major construction and improvements to District 108 buildings, there seems to be a small wrinkle in the process of selling those bonds, known as Qualified School Construction Bonds.

Stock Investment Tips : Municipal Bond Investments

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TurboTax Estimated Taxes Quarterly Income Tax Filer Win/Mac $29.95 TurboTax Estimated Taxes is your complete estimated income tax solution, from figuring to filing. It helps eliminate tax-time surprises, penalties and fines…and minimizes under- and over-payments. Enjoy the relief, peace of mind and control that come from doing your quarterly estimated income taxes right: this online program guides you through estimated taxes, step-by-step, quarter-by-quarter…

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$700M uncollectable

The amount of money owed to the provincial government that it does not expect to get back has more than doubled since 2000, according to financial documents.

Kill The Death Tax !!! Call Congress, Demand Action Now!

Question: Do Mechancial Engieers make money?..?

Do ME’s make more money than Tax Accountants and what is their starting Salary? i am a ME major and i was just wandering if ME ‘s would make money even after several years like 5-10 years?..

Answer: My husband does. He specializes in designing the mechanical systems for new buildings or renovation projects (HVAC, plumbing, etc.) You make decent money without your PE license, but the real money starts once you have your PE license and start your own consulting firm or work for a major consulting firm. I don’t know the current starting salaries as it has been a long time since my husband was a beginning engineer and a lot has changed since then.

One thing about specializing in construction versus manufacturing, is if you are willing to travel to where the hot markets are, you always have a job. People are always building new buildings.

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Salary accountants. tax. and right. Aspects / Zarabotnaya plata Bukhgalterskie, nalogovye i pravovye aspekty – 8-e izd.,pererab. i dop. – (Biblioteka zhurnala Rossiyskiy bukhgalter) …

Client report.(laws concerning retirement plans)(Brief Article): An article from: The National Public Accountant $5.95 This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on April 1, 2002. The length of the article is 646 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web brow…

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Simcha Felder steps down to work for comptroller

In an unexpected move, popular City Council member Simcha Felder resigned his post to join incoming Comptroller John Liu as a Deputy Comptroller of Budget and Accounting. Felder, whose 44th Council District includes Borough Park, Midwood and Bensonhurst, was recently elected to his third four-year term.As a City Council…

Castiel SO Wants Dean

Question: Tax Question?

I was trying to do an online tax return estimator, and all I have is my last pay stub. When it asks for Federal Income Tax Withheld, do I count my SS and MED deductions also?

Answer: Social Security and Medicare taxes, while collected from your pay, are not really part of the Income Tax itself. Although the IRS does collect these taxes from the employers and from self-employeds, it does so because it is the only arm of the government designed for widespread funds collection and it does so for the Social Security Administration.

Therefore, when you are trying to estimate your tax liabilty when you have all or a majority of your income from wages, the FWH (Federal Withholding) is the only number that counts toward paying your tax liability.

Also, if you are using a paystub, you should use either Total Taxable Wages (if you have such a number), or Total Wages MINUS any amount you put into a 401k or 403b as a rough estimate for your taxable amount.

If you are a single wage earner without children, your refund or amount owing the IRS should be +/- $300.

TaxWatch: Tax moves to make in January

The tax laws are still in flux. We’re waiting for the estate-tax law to be written, and Form 5405 for the home-buyer’s credit isn’t ready yet. To top it off, IRS started the year by announcing a major step-up in enforcement of tax preparers. This is going to be an interesting tax season. Are you ready?

Late Tax Returns