The Federal Tax Credits Blog

Archive for October, 2008

Question: Do you think the $8,000 tax credit for first time home buyers will be extended?

Answer: I hope not, this is costing us all a fortune.

I do not think they need to, the goal was accomplished, the inventory of houses is now at a reasonable level. Spending more on this program would be a waste, we no longer need it.

Deadline approaching: No more extensions of tax credit for first-time home buyers

Deadline approaching: No more extensions of tax credit for first-time home buyers

The Extended Home Buyer Tax Credit | WAHomeowners.com

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Hermosans braved diving economy, potential ruin

The year 2009 ended with Hermosa Beach awaiting a milestone ruling in a $500 million lawsuit that could break the city’s bank and drive it into bankruptcy.

Al Gore Climate Gate Copenhagen Scam New World Order bc freedom fighters stephen harper tax

Question: If your company makes a $1000 net profit before tax (assume that a P&L is done accurately),?

how can one locate this money in the bank? I have come up a rather elementary formula to help me track this profit; please give me your insight on whether it’s done correctly. Thank you!

Total Beginning Available Balance (base on bank statement)

Ending Balance (base on bank statement)
Plus CASH ON HAND
Less OUTSTANDING CHECKS in transit
Plus CREDIT CARD in transit
Plus CHECKS/CASH in transit
Plus ENDING INVENTORY
= Total Adjusted Ending Balance
Plus Owner Draws
Less Owner Contribute
Less Net Profit (Loss) Before Taxes
= Reconciled Balance

(If Reconciled Balance = Total Beginning Available Balance, then Net Profit is correct)

Answer: The profit may not be in the bank.

It may be in stock, it may be in debtors, the owner may have drawn it out of the business and so on….

Bordentown transit village project gets green light

BORDENTOWN TOWNSHIP — A developer has been given approval to begin building a transit village that is expected to include more than 600 living units, a River Line rail stop, restaurants and stores.

Liberty Plaza

Nowadays new home inspection in Florida has become a mandatory task for every buyer before he/she takes a final decision. Home buyers generally do not have complete idea about the home construction and its components. Many cannot make out which defects are serious and needs immediate attention and which are not. So, in order to prevent any future difficulties each and every home buyer should get the place inspected thoroughly. Since the buyers had already invested huge amounts in buying the place, getting a home inspection will be a burden on them. Some can not afford to get a home inspection done. For all those buyers who cannot afford a full home inspection, 4 point home inspection is a boon. Usually a full home inspection considers 10 aspects of home components and construction. But a 4 point home inspection inspects only the Foundation, Roof, Plumbing and Electrical which are of the primary concern of a buyer and are very expensive to repair. The 4 point home inspection does not inspect the Interior, Exterior Structure, Ventilation / Insulation, Heating, Appliances and Air Conditioning of the home which makes the 4 point home inspection cost less. Some of the insurance companies are considering the 4 point home inspection for issuing insurance for residential homes. There are many home inspection companies in Florida which has incorporated this new technique. They provide you with many packages and offers that are quite reasonable. Hire a reasonable home inspector and get your dream home inspected before buying and prevent any mishaps and live happily and comfortably with your family and loved ones.

Tesla Roadster puts a sporty spin on electric cars

It was a picture perfect Sunday afternoon, ideal for test-driving the Testa Roadster.

True definition of First Time Home Buyer……………