The Tax Preparation Blog

Posts Tagged ‘economics’

Question: Please provide the depreciation chart (2008-2009)as per income tax in india?

Answer: go to income tax department website

Short Takes for April 3 – 9, 2011

Our weekly compilation of the short stories posted on the left side of our page. Sunday, April 3 Current Guns N’ Roses guitarist DJ Ashba will be having surgery for a 9mm tear in his knee. Look for Aerosmith guitarist Brad Whitford on an upcoming episode of A&E’s Storage Wars where he’ll be brought in to help determine the value of some guitars won at auction. Elvis Presley ’s birthplace in …

THE OUTSIDERS – LIVE MELKWEG

Question: If you have received your tax refund for 2009, did you receive it by the date the IRS stated on WMR?

….or did the ‘tax refund chart’ show to be accurate?
The reason I ask is b/c the IRS website says 2/9, but the famous ‘chart’ says 2/5…I’m just trying to figure it out!

Answer: The Refund Cycle Chart and WMR site has both been unreliable. You could get it earlier or much later. At this point there is no guarantee when you will get your refund. If the date you are expected to get your refund has passed then I would recommend you call the IRS directly. Call 1-800-829-0922.

GE Reports 4Q ’10 EPS of $0.36, up 33%; FY ’10 EPS of $1.15, up 15%; Revenues Total $41.4B for Quarter; $150.2B for …

GE [NYSE: GE ] announced today strong fourth-quarter 2010 earnings from continuing operations of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009. Revenues grew to $41.4 billion for the quarter, the company’s first positive growth in nine quarters.

The one chart that blew your mind..

Question: History Homework help!!?

I am having a test on some ID’s and I cannot seem to find the following peole in my textbook, could you help me out people, please!

Al Gore
John Kerry
No Child Left Behind Act
Tax Cuts
Klim Jong II
Nancy Pelosi
John Roberts
Midterm Elections of 2006
Medicare Act of 2003
Health Savings Accounts
Kyoto Protocol
Lewis Libby

Plese help me out!!!

Answer: Al Gore – VP to Clinton; ran for president, lost to GW Bush in 2000
John Kerry, ran for president, lost, to GW Bush in 2004
Now Child Left Behind, the educational initiative of Bush and Congress to make sure every child is tested and meets certain criteria
Tax Cuts – policy of GW Bush and Congress to lower taxes in the belief it would help the economy, therefore raising the amount of taxes collected
Kim Jong Il – leader of N. Korea, active in a nuclear program and threatening the USA, a real wacko
Nancy Pelosi – majority leader after 2006 mid-term elections, first female to hold this position, fourth in line to be president, and an extreme liberal from San Francisco
John Roberts – conservative appointed to the Supreme Court and Chief Justice by Bush, confirmed by Senate; a legal conservative
Midterm elections of 2006 – in a rebuff to Pres. Bush democrats take control of both the House and Senate
Medicare Act of 2003, gave individuals more choice in medical care, especially in areas of prescriptions.
Kyoto Protocol – an agreement from an environmental conference in Kyoto Japan that has not been agreed to by the USA because it demands cut-backs in greenhouse gases from the USA and Western Europe while allowing increases in other countries, like China and India, who actually pollute far more per capita.

Current Policies

The ACA Master Plan, ratified by the House of Delegates in June 1964 (Amended June 1979, June 1989, July 1994 and September 2000), and will govern future policies of ACA as quoted: “With regard to the core chiropractic principle, which holds that the relationship between structure and function in the human body is a significant health factor and that such relationships between the spinal column …

Balance Sheets : Finding a Balance Sheet Tutor

Question: Where the heck is my 2008 tax return?

Ok here is the deal I filed on the 16th of Jan 2009. I received my Accepted by the Irs on the 19th and the refund cycle chart said it would be direct deposited on the 30th and on the Wheres my refund site it said I would have it by the 10th of Feb!!! So is anyone else having this problem or is something wrong with my return????

Answer: You filed your 2008 tax return. You are now demanding your tax REFUND. Due to a lot of things, the promises made are there to be broken. All reports are that deposits can be delayed as much as 3-4 weeks past the original promised date.

Why It’s Not All Bad News that 15 Percent of Families Went Hungry Last Year

More than 17 million families—15 percent of all households— went without food at some point last year . That’s about the same as 2008, which was a 15-year high . This is mostly more bad news about our sluggish economy, but there are some nuggets for optimism in this year’s Food Insecurity Report by the United States Department of Agriculture. Among states, food insecurity ranged from a 6.7 per …

Summer chart series: Why economic and tax reform is crucial

Question: Should We Have a Flat Rate Corporate Income Tax?

Yes or No?

Explain, best answer wins 10 points…

Answer: The current tax code is a joke. More than nine thousand pages long, it is impossible to completely understand. The current tax code has many loop holes, which businesses have been able to exploit. Businesses have used the loop holes to avoid paying taxes and several corporations have actually been able to get tax rebates! This is one reason we have seen a drop in revenues from corporate income taxes. To close the loop holes we should adopt a, one page, flat rate corporate income tax rate. This will mean that all corporations will have to pay the same amount of taxes. At the same time, this one page option will close all loop holes. It is fair and more importantly, it closes loop holes. As I stated before, a lower corporate income tax rate would benefit us all. So I have come to the conclusion that the tax rate for the flat rate income tax should be 20%.
Not only is the Flat Rate income tax fair and more effective at increasing revenues, it is also cheaper for businesses. Businesses will no longer have to pay lawyers to read the huge tax code; they will no longer have to pay for numerous paper work either. Instead, they will have a simple one page tax code. As you can see, a flat rate corporate income tax will modernize our tax code to make it more efficient. It will increase revenues and lower costs for businesses on tax day…
Sources:
http://www.reuters.com/article/newsOne/idUSN1249465620080812 Businesses exploiting loop holes
http://reclaimdemocracy.org/corporate_welfare/real_tax_rates_plummet.php Tax Rebates

Changes Possible for SC Personal Income Tax

The Tax and Realignment Commission approved the personal state income tax Friday to reduce tax breaks for some South Carolinians.

Raymond Gradus on a flat rate on income tax