The Federal Tax Credits Blog

Posts Tagged ‘tax’

Question: Will the extra child tax credit announced by the President be used for 2009 tax filling or will that be 2010?

In his SOTU address the President said to double the child tax credit, I was wondering if that applied to 2009 or 2010?

Answer: We live in a democratic country. That means the President can’t make his proclamations into law all by himself. In fact, we can’t be certain it ever will become part of the law because Congress may disagree with him.

The credit that Obama has proposed to be doubled is the Childcare credit. This will help only people who pay for someone to look after their children while they work.

I hope this helps.
Gary

Black economic gains reversed in Great Recession

Growing up black in the segregated 1960s, Deborah Goldring slept two to a bed, got evicted from apartment after apartment, and watched her stepfather climb utility poles to turn their disconnected lights back on. Yet Goldring pulled herself out of poverty and earned a middle-class life — until the Great Recession.

Ron Paul: “Income Tax = Involuntary Servitude” – 4/13/2009

Question: Who should I contact if I’ve been scamed, out of my last years tax refund?????

I went to Express Tax in Millwaukee, WI in January 2006 to file my 2005 tax. I was approved for a RAL loan; however I was not informed at that time that I was due to receive the balance of my federal refund by check. It was not until today when I went to H&R block that I found out that I was due the balance.
When I contact Express tax service that informed me that the check was sent to there office and signed by some one who apparently frauded me out of my refund. Who can I contact to bring legal action against this company I did not even know about it and if I had received the check it would have been deposited into my personal credit union account. I feel that I have been scammed. Do I contact the IRS? Should I contact the bank and let them know I never received a check? When I asked the people at this company they refused to give me the name of the bank.

Answer: If you have been scammed then go to the local police and file a police report. Also put a freeze on your credit report.

Charlo woman sent to prison for bank embezzlement

MISSOULA – A Charlo woman will spend a little less than three years in federal prison for stealing more than $600,000 from a Polson bank. This spring, Kathy Sammons, 52, pleaded guilty to embezzlement from a credit union and money laundering.

ReceiveTax Credit? You May Owe Money to the IRS

Question: Should mothers who keep their babies get the same tax credit as those who adopt?

There’s a special tax credit of $11,650 for out of pocket adoption expenses, why not one for mothers who keep their babies? Don’t they have out of pocket expenses, too?

Answer: OK my opinion….

Yes this tax credit will help adoptive parents, but I do think that it should be ONLY for the foster care parents whom choose to adopt the child. Why you ask? Because it is expensive when you adopt, most of the foster parents arent doing it because of infertility etc. We are adopting our foster children because we have come to love them unconditionally, and have bonded with them as our own children.

Now I am not trying to put down or insult the familys who cannot birth their own children, I am simply stating that as a foster parent I am not picking out the color, sex, etc. of my soon to be adopted child. I have sincerely fallen in love with the child/children and want them as a part of my forever family.

So I do think that the Tax Credit should be for Foster parents who adopt.

On the note of mothers who choose to keep their babies, then good for them, I have 2 bio-children of my own, I didnt CHOOSE to keep them for the yearly tax credit we get back from the IRS, We choose to keep them because there is NO OTHER CHOICE for us. We are married, we are ok on money, not rich, but our bills get paid, we have a roof over our head and food on our table. We may of had our children young, but we triumphed through the ‘out of pocket expenses’ for keeping our bio-children.

Just my serious opinion!

Solid Results and Higher Dividend for COGECO Stemming From Continuous Growth in Canadian Cable Operations Despite a …

MONTRÉAL, QUÉBEC–(Marketwire – July 7, 2011) – Today, COGECO Inc. (TSX:CGO) (“COGECO” or the “Company”) announced its financial results for the third quarter and first nine months of fiscal 2011, ended May 31, 2011.

Ron Paul’s Texas Straight Talk 6/27/11: How Should Government Treat Energy Producers?

2011 BIA HBRS Show – Garage door from recycled materials by Western Overhead Door Company

Question: Does working on the Mississippi River affect my income taxes?

Is there a deduction, allowance, credit, etc. that I can use on my income tax returns because I work on the river?

Answer: There’s no specific tax benefit for working on a river.

Megalyn Echikunwoke Joins ‘90210’

*TV Guide is reporting that Megalyn Echikunwoke has joined the cast of the CW’s “90210”as a new nemesis for Naomi, played by AnnaLynne McCord. The actress will play Holly, a character described by TV Guide as “the mean-girl president of the most prestigious sorority at CU. “When Holly can’t control Naomi’s characteristic acquisitiveness, she seeks [...]

King Edward Hotel Renovation Project