The Federal Tax Credits Blog

Posts Tagged ‘business’

Question: 2 property taxes do we combine the taxable value on both taxes?

‘trying to do our state tax. We get winter property tax and summer property tax bills a year. When filing for property tax credit, it shows taxable value…do we combine the amount on both tax bills? or use the amount only of the last tax bill?

Answer: It’s the same property. Just put down the value from the latest bill.

Stimulus tax credit buys robots and tractors

Rick Heflin recently bought a $110,000 assembly robot for his computer electronics company — and the stimulus bill helped pay for it.

Home Values 7500 Tax Credit

Question: Can a credit card company garnish my State tax refund?

I recieved a letter in the mail from Capital one trying to collect. I got a letter that says on the top ” Request and writ for garnishment ( Income tax refund/Credit) ” my question is, i efiled my taxes and im having my refund direct deposited into a prepaid card through TurboTax, how will they get my money? and on the paper it states The Plaintiff: Capital One, Defendant: Me and under me it says Garnishee: Third party witholding unit, Michigan Dept. of treasury. Does this mean that the state will pay the creditor before they pay me?

Answer: Capital one is a crap company. what you are describing sounds like they have already sued you or made a letter that looks intimidating enough to coerce you into paying.. They can garnish your return if you have one coming to you and there is a judgement they won against you. isn’t that fun!

please refer to this web site. it has a lot of information about how to protect yourself and also informs you of what powers you have under the laws in regards to taxes, credit and other stuff for personal and business.

say hello i’m Claytp on this site

TNInvestco tax credit documents will stay sealed

That means a Franklin-based venture capital firm shut out of the program won’t immediately get to see how the state rated 25 firms that applied for tax credits under the state’s TNInvestco program or view the winning scores of six firms chosen to participate.

How To Sell Your Home Without A Capital Gain Tax

Question: What is low income housing tax credit?

How does a for profit developer get it and what does it mean?

Answer: Tax credit housing or Section 42 housing gives the property owners a tax credit in exchange for having income guidelines on their properties. This is good and bad for the owners, it is a lot harder for them to fill up their communities. This leaves them with less income due to higher vacancies.

Some developers are finding that it seems like a good idea, because of the tax credit you get…but in the end they could have made more money than what they got from the tax credit if they go with a conventional property.

Tax credit is a hard thing to learn, and to make sure you are following all of the guidelines. It becomes a nightmare for the leasing agents and tenants. Good luck!

Study: Michigan could grow jobs, revenue by cutting business taxes

A new study released Thursday says Michigan would create 25,300 more jobs and $85 million more in tax revenue over the next three years if it generally cut businesses taxes rather than give specific tax breaks for filmmakers, developers and a long list of new or expanding businesses.

Tim Walberg calls for Research and Development Tax Credit

Freehold Royalty Trust Announces 2009 Income Tax Information for Canadian Investors

CALGARY, ALBERTA–(Marketwire – Feb. 16, 2010) – Freehold Royalty Trust (TSX:FRU.UN) T

$8,000 Tax Credit Information

Question: can I claim 4 petrol used for work if I claim working tax credit?

Answer: your work should pay for your petrol if you need transport to do your job, remember your car insurance will be void if you have an accident whilst working so be careful

Earned-income credit boosts Michigan’s low-income workers

Michiganians struggling to just get by in this dismal economy are getting a helping hand from an unlikely source: the tax man.

Recovery: Making Work Pay – Claim It – January 2010 (ASL, Captions & Voice Over)