The Tax Preparation Blog

Archive for July, 2008

Question: I’m looking for a home with a mountain view in Eastern Tennessee.?

We’re finally retiring after 30 years of Naval service and Tennesse seems like a good place to settle, since it doesn’t have income tax or tax our military retirement. The cost of living is wonderful and it seems the natural disaster risk is very low (we were stationed in the bay area during the Loma Prieta/World Series earthquake and evacuated from Slidell, LA during hurricane Georges – luckily left two years before Katrina).

We drove through the Smokey Mountains when transferring once and I loved the brooks and waterfalls. I was stationed in Memphis and love the friendly folks in Tennessee.

I’m wondering if anyone knows of a town with decent schools that I can see mountains in the distance. Being in the central time zone would be a plus, and close to major highways so we could drive to our family that’s scattered all over.

It seems like a stretch, but cultural diversity, a low crime rate and a tolerant, free-thinking society would be nice, too.

Answer: I live in eastern Tn. I originally grew up here and moved to GA. I missed the mountains and the nice people here that I had to move back. The Tri-cities (Johnson City, Bristol, Kingsport) They are all nice. Kingsport however has a smell due to the paper plant.

The best place to live in eastern TN is Erwin or Unicoi County. A lot of retiree’s live here. Very quite and nice town. You will be on a first name basis with everyone here. It is a valley. The town is called “Valley Beautiful” You have view of mountains everywhere from your front porch to your back porch. It is a historic town. Small though but very very friendly! There is one high school and one middle school and a few elementary schools to choose from. You can look it up through yahoo on Unicoi County Tennessee search. Youll find lots of interesting facts about this town. If you prefer a much bigger city then Gatlinburg (which is where the smokey mountains are located) would be wonderful place to be. Even Knoxville Tennessee is very very nice. Good luck with your searches. If you need any more assistances just email me and I will see what I can help you with.
I love this place!!!!

A taxing instruction

Mike Sullivan, retired USD 309 business manager, didn’t realize when he signed up as a volunteer tax …

Military Joining The American Resistance To Protect The Constitution

Question: The IRS returned my 2006 Amended Tax Return. I mailed it back immediately. Will it take 12 weeks?

I could not believe that I forgot to sign the amended return! I remember making copies and rushing it to the post office at then end of January. I have even called twice to check the status. Two weeks ago, the IRS rep said that I would receive a letter requesting additional info — she did not know what it was. I received the form letter and my amended return along with a return envelope. The letter said that I was to sign the amended tax return and mail it back. Processing time would be 12 weeks! Is this possible? Do I have to start all over again?! Thank you and Happy Easter!

Answer: Ordinarily it would take 8-12 weeks. But you mentioned that it was a 2006 return. But the IRS is working on 2007 returns now, then the amended 2007, and finally previous years. Hopefully not, but it could take longer. If the IRS has questions about your return, that could delay it even further.

Buying a home or making green home improvements? Don’t miss out on these tax credits

(ARA) – A wide range of tax law changes over the last year will result in considerable savings for millions of Americans on their 2009 federal tax returns.

Alex Jones Tv {Sunday Edition} 5/8:Pelosi “Buy a $15,000 Policy or Go to Jail”

Question: How to do tax return?(by e-tax in australia), i have my PAYG already, how to do it by myself?

it’s my first time to have tax, since it’s my first job, is there any deadline for doing tax for each financial year? i heard about e-tax, can i do the tax by myself, and not via any accountants? by using e-tax? thx for help~

Answer: You need to lodge your tax return before 31 October 2007. You can use a Tax Pack (available at your newsagency) or e-tax. Go to www.ato.gov.au and follow the e-tax prompts.

THE DISTILLERY: Tilting at windmills?

Today’s commentary, which is quick to dismiss the ‘Dutch disease’ bogey looming over the resources sector, misses some key points. 15 Apr 2010 9:52 AM

Why The Three-Headed Dog Cerberus Stephen Feinberg isnt subpoenaed to Capitol Hill to Aid big three?

Rising income levels, increasing urbanization and booming retail industry are the origin of “look good and feel good” attitude. Within apparels, knitwear has become extremely popular owing to the higher degree of comfort it provides to the skin. Therefore, knitwear and hosiery products are the most important facets of India garment exports. Geared up to the international needs, Indian knitwear industry has captured many untapped markets today. It accounts for about 35 per cent of the total readymade garment exports from India. Knitted and hosiery products are the third major category of export fabric after woven and non-woven fabrics.

Indian manufacturers have made a good mark in fashion knits export because of the low priced garments available for the market worldwide. Exports of Indian knitwear are quite phenomenal since Indian exporters are able to provide comfortable, trendy and soft clothing to a huge number of consumers. Cotton knitwear today has acquired a new dimension to provide a wearer comfort and leisure in fashionable manner. The unit price of knitted garment is less than that of woven garment.

With its rich history of textile traditions and the skills of its craftsmen, India has made a foray into the tough competition where Hong Kong, Taiwan and Bangkok are leading in the export of cotton knits and hosiery. However, the quality and uniqueness offered by the Indian exporters at low price has led the country to carve a special niche for itself in the market. Knitwear products that are being exported include a wide array of list such as elegant t-shirts for men and fancy t-shirts for women with exquisite sequined work and embroidery on it, nightshirts for ladies, men’s pajama’s sets, leotards, bermudas, jackets, sportswear and jogging suits and boxer sets. The clothes are having excellent combinations, permutations and have embellishments ranging from funky prints to slogans, patches, appliqués, lace, sequins work with wooden beads, shells, hand painting and zardozi. Whether it’s a new born, a teenager or an older person, India exports knitwear that scores highest on the buyers’ lists.

Strategies for the industry

In an attempt to achieve increased productivity and improving quality to international standards, Government has launched a technological mission to cotton. On-time delivery and ability to ready large orders have given India a competitive advantage. In recent years, the productivity has shown tremendous increment with automated spreading and cutting of clothes. It was estimated that the Indian textile export industry is expected to cross $70 billion by 2014, according to a recent study. Garment industry alone constitutes 60% of the total export.

There are some major institutions such as Apparel Export Promotion Council (AEPC), TEXPROCIL, SITRA, TEA, SIMA, SIHMA, etc, that for the promotion assistance of the industry. Government in an integration with such agencies supports the schemes like cluster development, TUFS, subsidies, tax relief, etc. for the industry’s prosperity and growth in export market. Formation of Trade fair Complexes by Indian Government has given knitwear and hosiery a favorable brand image in international markets and provided it a better visibility among international buyers.

Indian garments are a blend of traditional art and contemporary designs. Keeping its increasing demand in view, every party such as the export units, Government, supporting institutions, and research organizations, etc., need to work together to create a better image of Indian apparels in global market thereby increasing the market share. This would also help to reduce internal hurdles and would further boost the exports in this sector.

More tax breaks for tourism

The Revenue Department yester¬day promised to provide more tax breaks for tourism.

Income Tax officials to quiz Koda on Tuesday

Lively exchanges at first ‘election’ PMQs

David Cameron said he wished Gordon Brown “had the courage” to call a general election at a lively session of prime minster’s questions this afternoon.

Propaganda: Republicans Fighting to Keep Medicare?