The Federal Tax Credits Blog

Posts Tagged ‘solar’

Question: Should I file my tax return during an audit, and if I do, will I recieve my refund?

The State of South Carolina is investigating state tax returns of individuals that claimed the 1098-T tax credit. They are auditing a large amount of students, and I am one of them. Although I fit the criteria necessary to get the tax credit, and don’t forsee my having to pay back taxes (I was a full-time student, I paid my university fees out of pocket, I graduated from a south carolina high school, etc.) this is tax season, and I would like to file my return in order to get my federal refund back.
Should I wait and file an extension? If I do file now, will I get my refund when I expect to (within a few weeks).
I sent all the documents requested a few weeks ago, and have heard nothing back from the agent.
Thanks.

Answer: You are fine to file your federal taxes as well as the state taxes. Neither agency can take your refund without there first being an audit and a finding that you owe them anything. The state audit will not affect your federal tax filing at all!

Tax procrastinators running out of time

With just over a week until the tax-filing deadline and hundreds of new tax laws to consider, many Coachella Valley residents are scrambling to line up accountants, master the latest tax-preparation software or make time to do it themselves.

J.K. Lasser’s Your Income Tax 2011: For Preparing Your 2010 Tax Return $19.95 America’s number one bestselling and most trusted tax guide offers the best balance of thoroughness, organization, and usability. For over half a century, more than 39 million Americans have turned to J.K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2011 includes all the outstanding f…

J.K. Lasser’s Your Income Tax 2010: For Preparing Your 2009 Tax Return $5.00 America’s number one bestselling tax guide offers the best balance of thoroughness, organization, and usabilityFor over half a century, more than 39 million Americans have turned to J.K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2010 includes all the outstanding features that have ma…

What happened to the GOP deficit hawks? Tax-cut extension adds billions more to the nation’s credit card.(FEDERAL BUDGET)(Grand Old Party)(Column): An article from: New Hampshire Business Review $9.95 This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on December 31, 2010. The length of the article is 800 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: What happened t…

Tax Credit Extended for US Military

Question: Obama gave me a Tax credit!!!?

Okay, one of our house A/C compressors took a dump on us. So the wife and I had them replace the whole system in which we opted for a high efficient system. Our A/C guy writes up a bill and points out our new unit fails under some tax home energy bill which allows us a 1500.00 tax credit. wow…we get a whole whopping 1500.00 tax credit…to bad we have our own business and our health care and annual taxes just went through the roof.

They give it, and they take it times 3 back from you.

Answer: That’s good now I want one.

Stimulus boosts renewable energy in Dove Creek

Tiny Dove Creek has a new spot for renewable energy and jobs, paid for in part by Obama’s stimulus package.

President Obama announces $2.3 billion in Advanced Energy Manufacturing Tax Credits

Question: Which non profit org. would want to buy my electric cart?

i bought 2 of these for tax credit:

http://www.freeelectriccar.com/?gclid=CIX07MGX5J4CFSWlagod7C74Iw

so i basicly got them free,

i got no need for them so i want sell them,
but im only allowed to resell to a non-profit, what type of organization would want to buy them from me?

Answer: No nonprofit is going to buy them; they will likely be glad to accept a donation of either one or both.

Nissan’s All-New Electric Car Undercuts Chevy’s Volt, Is It MORE Attractive Now?

**Thanks to topneuro for the tip! NEW YORK (CNNMoney. com) — Nissan announced Tuesday that its Leaf electric car will come with a sticker price of $32,780. But after a federal tax credit of $7,500, the car will only set you back about $25,280.

Toda America plant gets $8 million state tax break

The Michigan Economic Growth Authority board today approved a nearly $8 million tax break for the Toda America battery component plant under construction in Battle Creek.

Sage Peachtree Complete Accounting 2011 [OLD VERSION] $21.99 Sage Peachtree Complete Accounting 2011 helps you work more easily and efficiently with robust core accounting and added features like job costing, time and billing, in-depth inventory capabilities, and analysis tools. Its multi-user option* helps improve productivity while providing screen-level security and a clear audit trail. Save time with simplified dashboards, management centers, integratio…

Sage Peachtree Complete Accounting 2012 $99.99 You need ease and efficiency to keep your business growing. Sage Peachtree Complete Accounting 2012 can help you be more productive with robust core accounting and advanced features like job costing in-depth inventory capabilities simplified dashboards and the automation of key tasks including purchasing and shipping. Based on real double-entry accounting principles it helps reduce errors and dete…

Rinnai Tankless Water Heater, 7.5 GPM …

N.H. home sales rise as prices continue to drop.(REAL ESTATE & CONSTRUCTION)(Statistical data): An article from: New Hampshire Business Review $9.95 This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on December 4, 2009. The length of the article is 948 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: N.H. home sales …

Question: Recent Florida Solar Energy Bill?

I was trying to find the Recent Energy Bill that was passed in florida.

Does anybody know where I can find the entire bill?

Also, what I’m looking for is the Solar part…..if they changed anything with tax credits.

It used to be up to $2000 but i heard it’s changed to $4000

Cheers!!!

Answer: I think you are referring to CS/HB 7123. Here is a summery.

Compare energy-efficient products under one roof

Add another arrow to the quiver of energy-efficiency upgrades homeowners can undertake that qualify for a federal tax credit: radiant barriers for hot Texas attics. See the offerings this weekend at the Fort Worth Home & Garden Market show.

Tax credits make solar energy cheap, in long run