Posts Tagged ‘real’
Tax Credit Certificates
August 8th, 2008
Question: Can I claim tax credit for TDS deducted from my wife’s FDs, whose interest I include in my income tax return?
I have a joint account with my wife, who is the first holder of the account. I include the interest earned from FDs from this account in my income tax return. However, we get TDS certificate in her name (being the first account holder)? Can I claim credit for this TDS? or should she claim for tax refund (being less than taxable income) and I pay the tax due on the interest income?
Answer: You can claim credit for this TDS in your ITR.
A Leader in the Field: Cary Lightsey Named 2009 Southeastern Farmer of the Year
By KEVIN BOUFFARD THE LEDGER “I was the most surprised person in the room,” Lightsey said this week, recalling the October awards ceremony attended by about 1,800 people as part of the Sunbelt Ag Expo in Moultrie, Ga.
Mortgage Credit Certificate Program (MCCP)
Posted in 
Tags: 
Home Tax Credit How It Works
July 4th, 2008
Question: How does the 7500 tax credit for first time home buyers work?
I know that is actually an interest free loan that has to be paid back, but exactly how do you get the money? Also, my husband and I just purchased our first home through fha. We used the down payment assistance program for our downpayment. Are we still eligible?
Answer: This site offers the details:
http://www.federalhousingtaxcredit.com/glance.php
If you have just purchased, then you fall right in the TIME requirement that your purchase close date be from April 9, 2008 and before July 1, 2009. There are income level qualifications, and a requirement that you be a ‘first time buyer’, among other variables which affect the qualification. Read the above web page for all the details.
For a final word, consult your tax accountant. Turbotax is a good reference. And IRS is the final authority.
Property owners sue over CRA: Some west side residents fighting to get off 2010 tax list
LORAIN — More than 100 west side Lorain residents are asking Ohio’s highest court to force Lorain County Auditor Mark Stewart to forgive their property taxes.
Time is Running Out! – 2009 First-Time Home Buyer Tax Credit – How it Works!