The Tax Preparation Blog

Archive for June, 2010

Question: tax return-Australia?

if i paid just a little over $1000 in tax how can i claim it all back, if possible.
i don’t have any receipts for things that i can claim. i am doing it online and it says i have to say how much interest i earnt on my savings from term deposits etc. this totals to $271 interest earned. if i put in that amount, the refund i will recieve is a lot less… how much tax would i have to pay on it, it seem like quite a bit.

i have always recieved my tax back in full, but this will be the first year i have not. last year i went to H&R block, and they just took my group certificate and processed it, i wasnt even pressent at the time so they never asked for how much interest i earnt, so does it really matter?

Answer: It sounds to me like you’re not entering the data properly for your tax return because the tax payable on that $271 is very minimal. When you answer yes to receiving interest on a savings account you’ll see a number of columns, this is what you need to put in:

Description: Just put something like ‘Savings Account’
Your share of gross interest: $271.00
Your share of TFN amounts withheld: $0.00 unless your bank withheld tax, but in most cases this doesn’t happen so you should put zero.

You’ll get all of your tax back minus a few dollars, provided that you earnt under $6000.

Thai-foreigner marriages that fail

relationships accounted for well over half of all contested divorces in Phuket last year, according to the new chief justice of the Phuket Provincial Juvenile and Family Court (PPJFC).

Tax Assistant Online – How it Works

Garmin nüvi 265W/265WT 4.3-Inch Widescreen Bluetooth Portable GPS Navigator with Traffic $135.00 …

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Macquarie Power & Infrastructure Income Fund to Acquire 20 Megawatt Solar Project in Ontario From SunPower

TORONTO, ONTARIO– – Macquarie Power & Infrastructure Income Fund and SunPower Corp. today announced an agreement for MPT to acquire a 20-megawatt solar photovoltaic power project in Amherstburg, Ontario to be designed, built and operated on behalf of MPT by SunPower.

Tax Credit for First Time Home Buyer Mortgage, $8000 Government Assistance Program for Home Finance

Question: HOW LONG DID IT TAKE TO GET YOUR FEDERAL TAX REFUND?

I e filed on feb 5th. It got accepted by the IRS on the 6th. My first date to be direct deposited was Feb. 27th. But now its changed “due to processing delays” to march 10th. When i called the IRS they told me I should still be getting it on the 27th! I am very curious as to how long it has taken people to get their refunds? And if you are having the same problems that I am….

Answer: I e-filed Feb 5th and got mine DD Feb 13th.

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Niko Reports Results for the Year Ended March 31, 2010

CALGARY, ALBERTA–(Marketwire – June 24, 2010) – Niko Resources Ltd. (“Niko” or “the Company”) (TSX:NKO) is pleased to report its financial and operating results, including consolidated financial statements and notes thereto, as well as its managements’ discussion and analysis, for the fiscal year ended March 31, 2010 (“fiscal 2010″). The operating results are effective June 23, 2010. P

Audit the Fed Graph of the US Budget Crisis and the Ongoing Collapse of the Dollar

Question: you opinion about legalization?

if illegal immigrantsobtained legal work status , and eventual permanent residence and possible citizenship, as currently advocated by the Bush administration and approved by the Senate, state income tax collections might increase, but this likely wold be outweighed by increased elegitibility for public services available to low-income families,example: Texas, Florida and California

Answer: True in part (and in theory). In reality, however, these States are already over-burdened with providing services to the illegals.

At least they would be documented, and at least they would pay taxes.

I had a divorce client, pregnant, married to an illegal who had a fake SSN and a job at a nationally franchised restaurant. When I filed the divorce, he skipped to wherever he went. He had a $3000 IRS debt, a car loan on the car he took, and credit card debt. He left her holding the bag (and I can’t even get her a divorce, because of the child support issue).

Because they are illegal, they won’ t come to court for any reason, nor will they call an attorney. Our criminal justice system is also getting over-run, believe me.

Calif. education advocates press lawmakers for vote on taxes.(money tree): An article from: Community College Week $9.95 This digital document is an article from Community College Week, published by Autumn Publishing on April 4, 2011. The length of the article is 472 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Calif. education advocates press law…

Social justice advocates make case for annexation: Ninth Circuit reinstates lawsuit over Modesto City boundaries, services.(legal digest)(Company … California Planning & Development Report $9.95 This digital document is an article from California Planning & Development Report, published by California Planning & Development Report on November 1, 2009. The length of the article is 1304 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation Detai…

Oral history interview with Paul Gann …

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REGION: Legal Cannabis Institute offers classes on pot

In a new twist on higher learning, a school that opened in MiraMesa earlier this year aims to teach students how to open andoperate medical marijuana collectives.

ABC-California department heads get grilled on state spending

Question: Has anyone ever heard of the Tax College?

I am considering taking the Tax College Income Tax Preparation course and wish to get feedback from one of you who may have taken the course.

Answer: Some colleges offer courses in tax return preparation. In my state, California, the course offered by one local community college meets the educational requirement for taking the examination for a state Tax Preparers License. (Only California, Oregon and soon, Maryland have license requirements.)

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New Laws Effective January 1, 2010

The following legislation will take effect beginning Jan. 1, 2010.

Basic Income Tax Course – Part 1