IRS
Ilyce Glink Show – Tax Questions Answered – November 13, 2011
Merry Brodie and Bill Nemeth on the show. 2011 Tax Questions Answered. And as usual, providing personal finance advice, real estate advice and consumer advice on the Ilyce Glink Show November 13, 2011 on WSB Radio. As 2011 winds down, …
Roth IRA Not For Everyone
Roth IRAs are great for some, but some don’t appreciate the benefits. Q: Everyone talks about what a great product the Roth IRA is. But my belief is one is contributing after-tax money. That means you’re likely paying at least …
Difficulties Refinancing a Farm Mortgage
Q: I bought a small farm using money from selling my other farm and taking money from my IRA. Because of the large income tax I was going to have to pay on the withdrawal and today’s historic low interest …
Tax Deductions You May Miss If You Are Not Careful
If you own a home, you might want to start thinking about the IRS. According to Julian Block, author of “The Home Sellers’ Guide to Tax Savings” (PassKey Publications, $19.95), there are ways to lighten your tax load whether you’re living in your home or selling it.
How to File for 8000 Home Buyer Tax Credit
If you are a first time home buyer, you should know how to file for 8000 home buyer tax credit. You will not be issued a check. Instead you will claim the deduction when you file your taxes, but you need to understand how to file for 8000 home buyer tax credit. The 8000 first-time home buyer tax credit was available to available to American families but you need to know how to file for 8000 home buyer tax credit.
2011 Tax Tips on the Ilyce Glink Show January 30, 2011
2011 Tax Tips on the Ilyce Glink Show January 30, 2011 – It’s clear that taxes are on everyone’s mind. Several callers today wanted some tax tips for filing their 2011 tax returns. Listen to the Ilyce Glink show every Sunday on WSB Radio for the latest in personal finance, real estate and tax advice. Visit Ilyce’s blog for more links and information. Visit Tax Expert Eva Rosenberg’s blog on the Equifax personal Finance Blog for more 2011 tax tips
Ilyce Glink Show – Tax Questions Answered – Dec. 5, 2010
Tax Questions Answered on the Ilyce Glink Show, December 5, 2010. Unemployment rate jumped to 9.8 percent this week, as the number of actual jobs created came in far below expectations. We are answering your tax questions on the Ilyce Glink show with our tax experts: Bill Nemeth (president, Georgia Association of Enrolled Agents), Chet Burgess (executive director, GAEA), and Merry Brodie, CPA and EA, Tax Doctor, Inc. Get more information and links at Ilyce’s blog.
401k Loan Must Be Paid Back Or Face Tax Consequences
A 401k loan must be paid back in 60 days or the IRS will look at is as a 401k distribution and you will have to pay taxes and penalties. You have to find a way to pay back a 401k loan within 60 days. To avoid paying penalties on a 401k loan, you should avoid taking 401k loans and consider rolling over the rest of your 401k into an IRA. Don’t get stuck paying penalties on a 401k loan.
Ilyce Glink Show Notes – May 9, 2010 – Mother’s Day
Ilyce Glink Show Notes – May 9, 2010 – Mother’s Day Amaze your friends and family members with facts about this year’s mother’s day. Thoughts about the stock market massive drop and recovery on Thursday and Friday. Freddie Mac needs $10.6 billion for the next quarter. The IRS and State Revenue Depts say tax revenue is down. Please leave your comments at the bottom. New EBOOKS on investing are up. Check out the Podcasts available at the THINKGLINK.com Store.
“Five Consecutive Years” Open For Interpretation With $6500 Home Buyer Tax Credit
The rule that states a homeowner must have lived in their previous house for five consecutive years out of the last eight years, leaves qualifying for the $6500 home buyer tax credit open to interpretation. According to CCH, which are publishers of tax information, the 5-year period is supposed to be five complete years.However, the IRS has been approving the tax credit for a lot of people who maybe shouldn’t qualify, so “5 consecutive years” may leave room for interpretation according to this reader.
The $6500 home buyer tax credit and the $8000 first-time home buyer tax credit is now only available to buyers who purchase their homes on or before June 30, 2010 but have a binding contract in place on or before April 30, 2010.
