The Federal Tax Credits Blog

Posts Tagged ‘government’

Question: status of my refund and child tax credit question?

Does the ’status of refund’ on irs.gov ONLY shows the refund amount rather than showing the total amount with the child tax credit and the refund, right? If so, they will send us a check with the child tax credit on top of the refund amount, right?
If I also dont have any tax liabilities. I will still receive the child tax credit and the refund?

Answer: Wrong. Credits, including the child tax credit, are part of the amount of the refund.

Small Business: Tax Credits in Small Business Jobs Act

Art Costa Energy Conservation Tips

Question: I am self employed – If i decide to work abroad (sweden) will my working families tax credit(from uk) stop ?

sorry – having a bit of a dumb moment!

Answer: yes, you would have to apply for benefits again when your in Sweden

Pera law faces more delay

The implementation of the Personal Equity Retirement Account (Pera) law is likely to be delayed further because the Bureau of Internal Revenue (BIR) fears unscrupulous people might take advantage of the law and declare themselves overseas Filipino worker (OFW) to Claim Tax Credits.

EBook International Taxation in America .mov

Question: Higher Education Tax Credit Question?

OK…so I am a 2009 graduate from a 4 year institution. I paid for my 2009 spring semester in November 2008. My school sent my 1098-t form in January of 2009 which included that tuition payments of $6559.00 for fall 2008 and $6559.00 for my spring 2009 semester. After filing last year for both semester (total 13118.00) the federal government said I was allowed $754.00 for the education credit…this year with the Obama Higher Education Tax Credit, I would have gotten $1000.00 automatically for just the spring 2009 semester of $6559.00 and additional income back which would have totaled more than $2000.00…But because I filed previously for one semester a year ago I am only allowed about $600.00…its a weird predicament. Is it possible to amend my previous year tax return, send in the $754.00 to the IRS for the education credit and then file my 2009 portion for the one semester of $6559.00 to get back $2000.00 instead of $600.00 ??

Answer: Doesn’t work that way. You paid it in 2008, it’s not eligible to be used in 2009 for tuition credits.

Christie’s plan would allow for-profit companies to run 5 failing N.J. public schools

Gov. Chris Christie speaks in Camden about a proposal for school management organizations. / JOHN ZIOMEK/Courier-Post CAMDEN — With the enthusiastic backing of powerful South Jersey Democrats, Gov. Chris Christie Thursday announced a five-year pilot program that would allow persistently failing schools to hand oversight to private education companies.

Real Tax Cuts Making a Real Difference

Question: question about canadian T1 income tax and benefit return?

currently i am unemployed and this is my first time doing the T1 since i was 18 last year, on the second page it said i have to report my income from all sources, which i dont have income because im unemployed what do i do on those fields. I am only applying for Goods and services tax/harmonized sales tax credits. What do i write in for income is my main concern?

Answer: If you had no employment income, no bank interest, etc.. you write “0″ in each line.

Debt crisis 2.0: Facing default, Greece must ditch the euro and rethink its welfare state

Just a year after wealthier European governments rescued Athens from default with $157 billion in loans, Greece is slipping into crisis again.

Live Ep 25 Part 1 Harmonized Sales Tax.mp4