Energy Credit Income Tax
July 12th, 2008
Question: What are some good tax shelters for reducing AGI or offseting tax with credits?
I am a real estate investor with high passive income. I am using energy IDC (intangible drilling cost) to reduce it. Are there other ways to offset taxable income? Heard that C-corp is a good way.
Answer: You could put some money into an IRA. Or I guess a C-corp would do the trick.
Legislators Join Together and Repeal Home Energy Tax
Despite narrowly passing a 2.5 percent home energy tax earlier this year, the Nassau County legislature last week voted 13-5 in favor of repealing it. During a meeting Dec. 21, the 19-member legislature voted 13-5 in favor of the eliminating the tax; Republican Nassau County Executive-elect Edward Mangano, who currently represents the 17th District, was not present for the meeting and therefore …
NESARA will Abolish FED & Income Tax & War
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