The Tax Preparation Blog

Question: RAL denial from liberty tax service?

I applied for ther 24-48 hour RAL.I was denied I dont know why, I do not owe IRS Child Support or any student loans. I received the visa debit card from liberty tax service. When my federal refund be direct deposited to that card or will it be a check?
I have never been denied a RAL. I did owe IRS last year and paid it then.

Answer: Go for direct deposit. You will get your refund in two weeks without paying outrageous fees.

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Inside the IRS $19.93 As the saying goes, nothing is certain in life but death and taxes. But how well do you really know the agency that collects your federal taxes – the Internal Revenue Service (IRS)? Most of us only hear from the IRS twice a year – when we get our tax forms and when we get our refund. But what about sides of the IRS you’ve never seen? Take a look inside IRS processing facilities. Join special agen…

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Morris County developer convicted of tax evasion to be paroled from federal prison

Salkind ROCKAWAY TOWNSHIP — Morton Salkind, the Morris County developer and one-term state assemblyman convicted of tax evasion, will be released Sept. 29, after serving 366 days in federal prison. On Aug. 25, Salkind, 78, was moved from Butner Federal…

Federal tax rebate scam

Hume responds to complaints about DC trip

Citizen file photo. Pat Hume Earlier this year, Elk Grove residents and a local Internet blog pointed out inconsistencies in Elk Grove City Council Member Pat Hume’s economic disclosure forms from a 2009 lobbying trip to Washington, D.C.

Dr. John Najarian on Almanac – March 5, 2010

Question: Did California really just up their income tax by 10%?

I caught a blurb on the news and thought they said the tax increased by 10% out there.
WOW that could really put Ca. in a real pickle when it comes to keeping people there and keeping elected officials in in 2010.
My tenth account……Well I ask because if its true and others heard about it I was interested in their opinion on the matter hence the use of YA to garner said opinion your opinion on the other hand is as always useless and stupid.
P.S. get the turban off your head.

Answer: YES,
Think of it as a forced, interest-free loan to the government (WTF)

“Californians will see a little less money in their paychecks as the result of a tax-withholding plan devised to help plug the state’s gaping budget deficit.

Starting this week, employers must withhold 10 percent more in state income taxes a move equivalent to taxpayers giving the state a $1.7 billion cash advance through next June, the end of the fiscal year.”

“”Beginning on November the first, there will be an additional 10 percent withheld,” said H.D. Palmer, spokesperson for of the Department of Finance.”

“Because the move begins in November, it will have a minimal effect on 2009 tax returns. The effect on future tax returns could be more profound because the stepped-up withholding will remain in effect indefinitely.”

http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story

http://cbs5.com/loca/california.paycheck.withholding.2.1287033.html

Independent
A:~)

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Disneyland Resort Update

This is HalloweenTime | Duffy takes DCA | World of ElecTRONica | Resort construction update | This and That…

Speaker Perez Says His Jobs Budget Will Pave the Path to California’s Recovery

Question: How much is my tax return for 2009?

Im Filing as Married – Joint, Made right around 31,000 in wages for 2008, live in oklahoma, spent 8,000 in tuition, bought a new house for $134,900 so i get that 7500 tax credit since i meet the qualifications. 2008 i spend 3300 on interest on my mortgage loan. Property taxes was around $1500 for 2008. I used the calculator on HR block it said im getting back like $10,900 i thought that was a little high. Oh yeah i already paid $4100 towards federal taxes.

Answer: First off, usual gripe, it’s REFUND, not return.

As for refund. One income:
31000
- 10900
- 7000
= 14000, tax 1400.
education credit could be 1400
tax = 0
so refund 4100 withheld, 7500 home loan, yeah, 10,900 is possible.

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Should You Pay Down Your Mortgage Faster? (The Tax Guy)

Bigger payments now can be rewarding, but there are a few issues to consider.

Harbor Financial Introduction

Question: Since Sports Athlete’s and Actors have Labor Unions why do the Democrats support Labor Unions and support a Pr?

Since Sports Athlete’s and Actors have Labor Unions why do the Democrats support Labor Unions and support a Progressive Tax System why do they suport higher taxes on their Union Brothers and Sisters many which make millions of dollars a year. Am I right that the reason why Sports Athlete’s make so much money is because of Strikes ? Also my point is not all Rich people are CEOS of Big Wealthy Corporations.

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

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

http://en.wikipedia.org/wiki/Professional_Hockey_Players’_Association

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

Answer: The big money earners in sports and the entertainment industry rarely get much benefit from the Unions in their business; the Union supports the unknown player, or the unknown character actors. That is why during the last football strike the big money players were more reluctant to strike then the average player. They lost more money the longer the strike lasted and would reap the least benefit. Some big players crossed the picket line and played because of it.

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2012 NATP Registered Tax Return Preparer Exam Review Course Textbook $85.00 As of January 1, 2011, all tax return preparers must have a PTIN to prepare returns for compensation. In addition, all paid tax return preparers must be attorneys, certified public accountants (CPAs), enrolled agents (EAs), or registered tax return preparers (RTRPs) unless they are supervised by such an individual or prepare returns not covered by the competency exam. An unenrolled individual must…

The Tax Law of Associations $56.31 The Tax Law of Associations summarizes the law concerning acquisition and maintenance of associations’ tax exemption. It explores various other bodies of tax law applicable to exempt associations, including the private inurement doctrine, the intermediate sanctions rules, the lobbying rules, and the unrelated business restrictions. Coverage also includes: the political activities rules, including …

Harare City Council:Its excesses, excuses

THE last decade had seen Harare losing its sunshine status and it’s now living in the shadows of its former self.

Health Reform by Association