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Archive for August, 2008

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Burkina-ntic.org

The domain burkina-ntic.org may be for sale by its owner! E-File Taxes Totally Free! No Restrictions, Rebates, or Gimmicks. www.TaxACT.com

Tax Tips: Withholding Calculator- General- January 2010 (ASL, Captions & Voice Over)

You will need to know a lot about real estate investing. The greatest way to get the most out of your real estate investing education is to be familiar with a number of basic information ahead of time. Whether you are interested in short sales, bulk reo sales, virtual real estate or just improving your abilities as a real estate investor, you need to know a number of real estate investing basics in order to get that real estate success you’ve always dreamed about.

Here are three real estate investing basics. Some experts don’t even know yet:

1. You will always get a positive yield with real estate investing education. You can create thousands of dollars in possible wealth with each real estate deal. Getting the wealth is the key to your real estate success. Learning about real estate increases your probability of victory when you do a real estate deal. Small investments in education yield lofty results upon implementation.

2. You do not need a lot of money to be a flourishing real estate investor. You can achieve real estate success, investing no matter how much money you have. There are lots of deals that you can use other people’s money to do. Private lenders will allow you consume their money if they know that you are a good investment. The best way to be a good investment is to know as much as promising about real estate investing. This will enable you to show people who have money for real estate investing but may not know how to use it that you arpreeminentgpro investment.

3. The most inportant thing you need to know, do, and have to pull off the real estate success you creave for is this. You must have that real estate success mindset to be able to attract all the positive energy that will help you achieve that real estate success. A lot of real estate millionaires have this wealth secret. They were able to master real well the law of attraction where they have the proper midset to set things straight and achieve the real estate success they want.

International Privacy and Security for 21st Century Global Citizens

IMPORTANT WARNING: The contents of this report have been compiled in good faith by Investorsoffshore.com to provide assistance to investors, but do not constitute investment advice or recommendations.

Question: Did you know that the 12 Federal Reserve banks are actually **privately owned** (not owned by the government)?

Even though those banks are a part of the Federal Reserve System, those banks are owned by the private sector and they control issuance of currency and
“the U.S. Treasury keeps a checking account with the Federal Reserve through which incoming federal tax deposits and outgoing government payments are handled. As part of this service relationship, the Fed sells and redeems U.S. government securities such as savings bonds and Treasury bills, notes and bonds. It also issues the nation’s coin and paper currency. The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation’s cash supply and, in effect, sells it to the Federal Reserve Banks at manufacturing cost, currently about 4 cents per bill for paper currency. The Federal Reserve Banks then distribute it to other financial institutions in various ways.”

http://en.wikipedia.org/wiki/Federal_Reserve

Answer: Yes, it is true that the branches can be considered member-owned. However, monetary policy lay with the the Board of Governors.

To review…

The Federal Reserve is a unique legal entity that can be described as an independent government agency with member bank participation. It is organized with a 100% government agency at the top (the Board of Governors), and branches beneath them that are organized like corporations with member banks as shareholders.(Ref: http://www.federalreserveeducation.org/fed101/structure/ , http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#4 )

The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it’s charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level; it is a government agency. You can confirm this from a number of government sites that list it as a government agency (e.g. http://www.whitehouse.gov/government/independent-agencies.html) Board members are forbidden by law to have any economic interest in a private bank. (Ref: Title 12 chapter 3 of the U.S. Legal Code). The Board determines monetary policy and provides high level oversight of the branches.

The 12 branches can be considered highly regulated private corporations. Member banks are required to buy shares in their branch. Each bank has one vote. They can vote for 6 of their 9 board members, the other 3 are appointed by the Board of Governors. Though the branches are called non-profit, the member banks get a standard 6% dividend on their shares. The remaining ‘profit’ is turned over to the Treasury at the end of the year.

For confirmation on this, check out how Hoovers classifies them:

http://www.hoovers.com/free/search/simple/xmillion/index.xhtml?query_string=Federal+Reserve&which=company&page=1&x=91&y=2#HooversCompanyNameMatchesH2

And those shares that the member banks own? Some say there are so many restrictions that it falls short of true ownership

From Edward Griffin, noted anti-fed intellect (http://www.bigeye.com/griffin.htm)

“It’s a hybrid, part corporation and part government, part private, part government.
..
Every bank that’s in the system is an owner of the Federal Reserve… But that’s as far as it goes because those stock certificates do not carry with them any of the attributes of private ownership. For example, the holders of these certificates cannot sell them. If you can’t sell something then you don’t really own it, that’s one of the tests of ownership, your ability to dispose of it. You cannot sell it. Furthermore the larger banks put up more money than the smaller banks, it’s a ratio to their assets, so the larger banks have more stock certificates in the system than the small ones and yet regardless of the number that they hold, every bank has just one vote. There’s another violation of the principle of private ownership. Furthermore that vote doesn’t buy them anything. They can’t vote for anything of substance; they cannot vote for their national management which is the most important thing, isn’t it? The board of directors and chairman of the Federal Reserve System are appointed by the President, they’re not elected by the banks that are part of the system, the President does that.”

Hotel tax an issue in Richmond Coliseum debate

A tax on hotel rooms is generating millions of dollars more in the Richmond region than needed to pay for the expansion of the convention center seven years ago. But local officials caution that there is no pot of money available from the 8 percent room tax to pay for a new or substantially refurbished civic arena to replace the aging Richmond Coliseum.

Tax Attorney Sacramento – How to find the best deal?

Question: How to file certified deposit tax by yourself?

I have about $3,000 in the CD account, I got a letter from the bank, the interest I earn is about $98. I used to let some tax service file my work income tax, they charges about $40. I wonder if I could go online, download some form and mail it to IRS. Is you know how to file your income tax ( especially certified deposit interest income) by yourself, could you show me how? Thanks!

Answer: Hi!

This income goes onto your 1040 along with the rest of your income. The CD earnings are interest so you just enter the amount on the interest line. If you have over $1,500 in interest you must also complete a Schedule B.

Hope this helps.

Virginia Cunning, Enrolled Agent, Master Tax Advisor
H & R Block

**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.

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Movers

ACCOUNTING Berenfeld Spritzer Shechter & Sheer has promoted Jocelyn R. Flynt to principal in the firm’s tax practice. Additionally, the firm is has hired Li Chen as a manager in the firm’s tax practice. Flynt has been with Berenfeld’s Miami office since October 2000, most recently serving as tax manager. In her new role, Flynt will focus on estates and trusts, as well as corporate returns for …

Tax Accounting Services

Question: stocks and shares ISA vs nominated account?

I’m thinking of signing up for a stocks and shares ISA but want to clear up a few points:

1.You can only have £3600 max in a stocks and shares ISA, but is this the maximum amount you can invest or a limit on how much you can make? if so, what if you make more than that amount?

2. how does what you make from dividends affect income tax?

3. Assuming you make less than the CGT Annual exemption amount of £9600 would it be worth going with a ISA over a nominee account from a income tax POV?

http://www.hmrc.gov.uk/rates/cgt.htm

thanks for the information raysor, just one more thing, though, what shares and ETFs are you limited to in a ISA compared to a nominee account? Again, I’m having some difficulty finding clear information on this.

Answer: £7000 is the maximum annual investment in maxi ISA of wghich £3000 can be cash. You can make as much profit as you can, all free of CGT. ISA are not exempt frm IHT however and must contain stocks listed on a recognised stock exchange (bot AIM) I am not sure abouit dividends because most are reduced by the 20% tax credit, so maybe the taxable element is 10% which you wouldn’t pay in an ISA. They are more beneficial therefore for a higher rate tax payer, although the benefit is to build up over the years a tax sheltered fund. Basically ISA profit and dividends are exempt from income tax in an ISA and don’t even have to be declared. You would have to work out the admin. charge of an ISA, or what you are losing on the interest rate on a cash ISA and what you are gaining in tax to see if it is worth it. As they say don’t let the tail (tax advantage) wag the dog (Investment criteria)Always look at the benefits/risk of the investment and then the tax benefit..

What 2009 was like for ICICI Bank

We bring you a series on how some of the top banks in India performed in the Year 2009 and how they are positioned for the coming year.

Why use an Umbrella Company if you are a contract worker?