The Tax Preparation Blog

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Question: How does cutting funds for education help the deficit?

I heard that teachers across California were being laid off in order to help the state government with its deficit.

If kids have a chance at getting a better education, wouldn’t they go onto college and averagely have a higher income than those who did not have the same opportunities? They would have more spending money, buy more commodities and contribute to property tax, income tax and sales tax.

It would seem that you would want to invest in education, not destroy it. I guess this is just another example of how idiotic politicians are.

Answer: Before the Dept of Education property taxes paid for their local schools and parents actually held the schools accountable for their childs education. I find it interesting that since the implementation of the DOE our nations test scores and education levels have dropped significantly. Just another example of over paid and inefficent government programs, imho.

As we stagger into 2010, here’s how much DFW’s business landscape changed in a chaotic 2009

Liesl Gray of Fort Worth heard only five words from the voice-mail message before she dissolved into tears.

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This is the Best Housing Economy in History…for Tax Lien Investors!

There has never been a better time in history for tax lien investing, ask anybody that’s doing it!

This economy has made getting a house from your Tax lien investment much easier, folks just aren’t paying their taxes and the banks are SO heavy in foreclosure inventory that it financially behooves them to write off the note and let the property go!

During a good economy, you can expect to get about a 90% redemption rate from the home owner. This means 9 out of 10 people pay their taxes before you, the tax lien holder, gains ownership of the house.
In this instance you get your investment back plus interest back, pretty wonderful worst case scenario, right?

Now fast forward to 2008!

The housing crunch has dropped the redemption rate in many markets to as low as 50%.

This is any amazing turn for Tax Lien investors, we now have a VERY good chance of getting half of the houses we get Tax Liens for.

WOW!!!

Back before the current housing crash, I would shop for the highest interest rate assuming that I would only get one to three houses for every ten liens I bought.

Huge governmentally secured interest rates and a few house seemed like the smartest thing I could do with my money…it grew fast!

But now…oh my gosh…houses are coming to me left and right!

Not only am I still getting my huge interest rates, but now a ton of my liens are “magically” becoming houses.

Just one quick example, I  bought 6 Tax Liens in the last auction in Indiana (I love Indiana because they have a 4 month…YES 4 MONTH redemption period)it’s looking good for me to get at least half of them.

That means 50% of my Tax Liens will become houses that I own free and clear for less than $2000 each.

No matter how bad the market is I bet I can find a buyer for a house that I can make a profit on by selling it for $1 more than $2000!

Best of all, if my buyer gives me a $2000 down payment on a house that I bought for $2000, I’m in a pure profit situation!!!

Your Best Bet-Rent to Own

Creative financing is never more welcome than at a time when the banks aren’t loaning money.

I bet there are millions of people in America right now that would kill to rent to own a house with me holding the note. No bank involvement!

This scenario is one of the great reasons for tax lien investing, rent to own your way to wealth!  If the Tenant pays off the note, good for them, they get a house for a fantastic deal.

If they don’t pay their note down month in and month out, you convict them and get your house right back on the market. Again, as long as you got enough down payment from the tenant to cover your investment in the house-you are in a total profit situation.

This is the secret to making great money from the homes your get from your tax lien investments, especially in a “down” economy.
There are times in economic history when loans are much harder to get than other times; smarts investor take advantage of these times and can help people out of their troubles as a moral benefit.

So there you go…a very long winded way of saying your crazy not to visit http://secure606.1clicksite.hop.clickbank.net and get to work investing today!

New California Laws For 2010

Summary of New California Laws for 2010

Online games are games that can be played on the computer network. There are various quality games that you can play right in your browser for enjoyment. The online games can download and play on any time. The games can be included on the internet are car racing games, simulation games, arcade games, bike racing games, action games, skill games, misc games, rpg games, dress up games, board games, shooting games, card games, multiplayer games, video games, download games, puzzle games, sport games, strategy games, web games, kid games and much more. They are really very amazing and interesting to the players.

Usually children and teenagers are attracted by internet games. Most of the games are available in the internet are completely free of cost. Many websites are ready to update new games every day and be attracted by the users. There are also games for kids and mom too. The games are also easy to play and can be followed by anyone with neat instructions. So the online games are set on fire among the society all over the world.

There are thousands of games websites that are offered by the internet. The games are all help to relief from worries and travel to the different world. But at the same time one should addict to any online games. That could spoil your brain and life. So the parents should concentrate on their kids over the internet games. To play any online games, you need not any special practice; it is just to read and play. The technology has been also improved lot over the online games. It can be included from simple text games to most advanced games.

www.rajagiriworld.com

Teresa Hunter: How past presents can help insure your future financial health in 2010

THE party’s over, and the cold light of January is now dawning. Hogmanay’s thick head should have cleared, only to make way for another major headache; the financial h

GTA SAN ANDREAS CAR MODS PART 8

Red Hat Inc. Reports Operating Results (10-Q)

By 10qk. Red Hat Inc. ( RHT ) filed Quarterly Report for the period ended 2009-11-30. Read more » »

Tribute to George W. Bush – The American Hero

Question: Is it legal in California for retailers to charge sales tax on the California CRV amount?

At Costco and Target, your sales tax total includes the amount of the CRV. Example of my last Costco complete purchase
- Case of Mountain Dew – $8.99
dental floss – Crest 12.99
CRV 1.80
Total 23.78
Sales tax @ 7.75% 1.84

if subtract out the CRV and calculate the Income tax it comes to $1.70 @ 7.75%. Of course adding in the CRV the sales tax does come to $1.84.

Answer: Yes it’s legal. It’s considered a “cost of doing business” and full subject to sales tax (this has been written up on the web).

this is the bottle deposit on recyclable containers.

Letters to the editor published Wednesday, Jan. 6, 2009

I don’t know why God has chosen me to suffer the indignity of public humiliation via today’s varied communication systems, but I will choose to use it as an opportunity to express to you my dear friends and neighbors my sincere apology for letting you down and perhaps offending you by my actions.

NO ON 1A IN CALIFORNIA