The Federal Tax Credits Blog

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Question: REAL ADVICE PEOPLE!!!!!!!!!!!!?

OK hears the deal my grandma bought me a Nintendo ds it was 129.00 plus tax i went to summer camp and a kid went in my bag and stole it and my grandma always be talking about keeping up with my stuff and what i was going to was secretly take her credit card and buy a used one for 90.00 off Amazon do you think i should do it my grandma sends me to a private school and if i asked her to buy me a new one that would be expensive and she would get really mad and she has high blood pressure problems too just tell what would be best to do

Answer: Anything but steal her money! She will get a printout of what she spent on her credit card and when she sees the second nintendo ds payment she will be more upset than if you tell her now. I suggest telling your parents, they will understand ( if they’re good parents) and if you make a deal with them they may buy you a new one for Christmas just like your old one. You wouldn’t have to tell your grandma (and cause a fatal heart attack) and it would seem as though you never lost it in the first place.

Hope it helps =)

Kentucky Speedway Gets NASCAR Sprint Cup Race

Stock car’s top series will visit the 1.5-mile oval for a 400-mile race on July 9, 2011.

Tax Tip: Summer Day Camp Expenses — July 2010

Where Darrell Moore stands on 9 key issues

Darrell Moore is running for Congress as a Republican Party candidate in Missouri’s 7th Congressional district. Moore answered questions about his positions on 9 public policy issues.

Question: Adoption Tax Credit and distribution from 401k?

O.k. my husband and I adopted/finalzed in 2008. In April we took $15K from 401k thinking that we would adopt and finalize the same year. The penalities and taxes we thought the $11650 from the Adoption Tax Credit would be used to offset that.

This is what I have been told.

Is this correct?

Will we end up owing?

Answer: Since the tax on the 401k should be about 5,000 the adoption credit of 11,650 should offset it very well. You will not owe. But the adoption credit is not refundable. Actual refund depends upon everything else. See calculator below.

http://www.hrblock.com/taxes/tax_calculators/index.html?calcIndx=1#top

Why more Americans pay no income tax

If “taxes are the price we pay for civilized society,” to quote Justice Oliver Wendell Holmes Jr., then April 15 is the day that bill comes due for every working American.

Davos Annual Meeting 2010 – CNBC The Next Global Crisis

Question: Who can help me with Tax Act?

Do they have a telephone number? They have up the wrong form again. Not getting the credit for the 401K, and I did the answers correct. Can some one help? Thank you.
Who Dat? Called the number, still can’t get help

Answer: (319)373-3600 They close at 5.pm today cst.I called and spoke to them last week so I know the number works for sure.

9 tips for tax season

With the April 15 deadline fast approaching, the Internal Revenue Service is offering Illinois residents nine tips for avoiding the stress that comes with filing you federal tax return at the 11th hour.

COREY Income tax 2010 305-823-9228 1800 w 68 st #118 Hialeah,fl 33014

Question: Energy subsidies?

One of the favorite things for opponents of alternative energy sources to do is to point out that alternative energy can’t compete with conventional energy without government subsidies. Yet, numerous direct and indirect subsidies are given to fossil fuel sources like oil and coal, such as cheap loans from the Agriculture Department’s Rural Utilities Service. Indirect subsidies include items such as free public use of roads, tax credits for oil drilling, subsidized health care for respiratory illness and military actions needed to maintain a steady oil supply. Should we continue to subsidize dirty energy sources? If all subsidies, direct and indirect, were removed from fossil fuels, would they still be cheaper then alternative energy?

Answer: Since there is little choice for the future than to switch to renewable energy sources, it doesn’t seem to make a lot of sense to me to keep subsidizing non renewable sources let alone give more to them than other, greener means of producing energy.

Coal and oil would still probably be cheaper for a while if all the funding was cut off. There is still a lot of money to be made from them and cheap to produce. That should be beside the point though.

Even nuclear energy produces less waste than coal and oil. Yes long term storage is a problem, but then again, so is dumping excess CO2 into the atmosphere when we have destroyed the other side of the equation with deforestation and desertification. The carbon has to go somewhere. It would be better in the long run to fun newer, high efficiency nuclear plants and technology than to give another billion to oil companies.

Other clean sources, such as wind, solar, Geo-thermal, wave energy should get even more funding. That is the only way to insure our future.

Jackson Hewitt(R) Shares Top Five Tips for Last-Minute Tax Filers

With the April 15 tax deadline just over a week away, Jackson Hewitt Tax Service® has prepared a Top 5 list of important and timely information that last-minute filers need to know in order to get their 2009 tax returns prepared and filed in time.  Keeping these last-minute tips top of mind will help taxpayers focus on exactly what to do, help avoid further delay, and ensure that the last …

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