The Federal Tax Credits Blog

Posts Tagged ‘news’

Question: $8000 tax credit answers?

I bought a house in march 2010, and just got my taxes done and got the 8000 dollar credit. then today, somebody told me i may have to pay that back next year!! is that true? he compaired it to the tax credit you get from buying a new AC unit and that sometimes, they ask you to pay that back the following year. any ideas or inputs? i would really appreciate it.

Answer: As long as you stay in the house for 3 years and continue to use it as a primary residence, you have NOTHING to worry about. Once again, what “somebody” tells you is 100% incorrect.

One Hour Heating & Air Conditioning – HVAC: 7 Steps To HVAC Repair – Lancaster Pennsylvania

Broomfield Enterprise upcoming events — July 10

Upcoming events in and around Broomfield

200 W Bozeman

Question: Who do we owe money to ?

Who do we owe all this money to?? in regard to the national debt from the credit crunch. If you consider all the countries in debt – who do they owe the money to and who controls them who are owed this money ?
The latest news is > the banks are crippling the growth of the economy because they will not lend money to business and individuals for mortgages etc.
Why has my tax baled out a private concern (bank) ?? yet elderly people will have to pay more money to live in a residential home – as a believer in democracy i would like my tax to go to the elderly – not the banks and the bonus pay for bankers – which has not been stopped or curbed.
A bit of a mix of a question but i am sure YA people will respond.

Answer: Paper money is debt. That paper in your pocket indicates someone owes you something you can use. Paper money is not wealth. The things you can use are the wealth.

We and our governments have been “buying” things we want and need without producing equivalent value in things other people want and need. That creates “debt.” We owe them things they want.

That is the dangerous situation we have now. Our jobs and industries have been “outsourced” to cultures who pump out so much excess labor they are desperate to work for a fraction of our former salaries and wages. Their employers now sell the products made by foreign workers to us for more “debt.”

They have begun to bring back that debt (our currency) to us and are taking away our metals and other raw materials. They have a big chunk of the thirteen trillion dollars in debt we have accumulated. That can put a good bite into the resources we need for the future. Some domestic manufacturing owners have also been accumulating a lot of our paper “IOUs” (currency) and they cash that in to accumulate even more material assets.

Another problem now is as our debt grows, the value of our IOUs (our currency) can drop. When we have issued more debt (currency) than our real material assets can comfortably cover, and/or creditors become less interested in accepting more of the debt, people want ever more of that paper debt (currency) for the material things (real wealth) they give us. When they lose faith we will eventually repay them with the material things they want the value of our currency begins to drop rapidly (seen as prices rising rapidly).

News, briefly

See what’s happening in and around Kingston.

Prudential Homesale on Fox 43 on $8000 Tax Credit

Question: H.R. 6: Energy Independence and Security Act of 2007?

Hi everyone,

Regarding the

H.R. 6: Energy Independence and Security Act of 2007

I have been reading in quite a few non-credible places that the solar tax credit (this is all for florda) was just increased;

it WAS up to a maximum of $2000 dollars, but like i said, I have been reading and found that according to this bill, it was increased to $4000.

Is this true?

If so, can anybody PLEASE link me to the bill and which article or something? or paste the text?

I have read summaries of the bill, but they don’t mention anything about it.

I have also looked at the bill in it’s entirity, but it’s a lot of legal jargon so i may very well have missed it.

Any help would be GREATLY GREATLy appreciated.

Thank you soooo much!

Cheers!!

Answer: http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.6:

There are 8 versions of Bill Number H.R.6 for the 110th Congress
1 . CLEAN Energy Act of 2007′ . (Introduced in House)[H.R.6.IH]
2 . CLEAN Energy Act of 2007 (Engrossed as Agreed to or Passed by House)[H.R.6.EH]
3 . CLEAN Energy Act of 2007 (Placed on Calendar in Senate)[H.R.6.PCS]
4 . Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (Engrossed Amendment as Agreed to by Senate)[H.R.6.EAS]
5 . Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (Public Print)[H.R.6.PP]
6 . Energy Independence and Security Act of 2007 (Engrossed Amendment as Agreed to by House)[H.R.6.EAH]
7 . Energy Independence and Security Act of 2007 (Engrossed Amendment as Agreed to by Senate)[H.R.6.EAS2]
8 . Energy Independence and Security Act of 2007 (Enrolled as Agreed to or Passed by Both House and Senate)[H.R.6.ENR]

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Encore Energy Partners LP Announces First Quarter 2011 Results

Encore Energy Partners LP today announced its unaudited first quarter 2011 results.

Blowing in the Wind: Renewable Energy as the Answer to an Economy Adrift

Question: Adoption Tax Credits for an international adoption?

My husband and I have our dossier into China, we are going to pull out of the program due to the expected time frame. We are unable to stay in the program until the predicted year of 2017. When we started the China adoption process they told us our wait would be 12 to 18 months, we’ve already been waiting almost 4 years. During this time we’ve spent many dollars on necessary papers for the US government to have when we adopt. Is there a way that we can claim these expenses on our 2010 taxes?
We are considering it a failed adoption due to the fact that the wait is excessive, not anywhere near the expected time frame and we will both be in our upper 40’s early 50’s at that time .

Thankfully, during this time we’ve adopted two children domestically (we actually thought we’d adopt from China first.)

Answer: Sorry.

The credit for international adoptions can only be claimed after the adoption is finalized.

CORRECTION: Pöyry PLC´s notice concerning annual accounts for 2010

PÖYRY PLC Company Announcement 8 February 2011 at 11.45 a.m.Pöyry corrects a mistake in the English version of Pöyry PLC´s notice concerning annual accounts for 2010 published today. The statement of comprehensive income was …

The IRS, the Federal Reserve Bank & the Income Tax