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Category Archives: Tax Topics

Time to Claim Homebuyer Credit Extended!

Yes, it’s true! For all you lucky folks who were eligible to claim either the First Time Homebuyer or Repeat Homebuyer credit, but didn’t close by June 1st, you have another chance to cash in on this opportunity!
Congress has extended the deadline for taxpayers to complete the purchase of qualifiing homes for both first time homebuyers...

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Starting a Business Series #2: Choosing an Entity Type

If you take a close look around the next time you’re out and about, you’ll notice that all the companies you pass have one thing in common: how different they all are! Every time someone starts a business, they must take many things into account – competition, the need in the area and how they...

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Fact or Fiction #5: AGI to Tax Burden Ratio

Is it true that the top 1% of taxpayers pay the least amount of tax to the government?
No, that is totally fiction!
In fact, the top 1% of taxpayers—those taxpayers with adjusted gross income (AGI) of at least $410,096—carry the largest tax burden of any other tax bracket. According to the IRS, in 2007 this 1%...

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Starting a Business Series

So you’ve decided to start a business. You’ve come up with a great idea and you’re raring to go. You’ve got the drive, the time and the vision. You know you can make it a success. But, wait, there is one tiny problem: you’ve never run a business. Where do you begin?
Easy! You can begin...

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Will Congress Pass the Necessary Legislation to Back Up the President’s Agenda?

“[The President] shall from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient.” – U.S. Constitution, Article II, Section 3
President Obama delivered his State of the Union address to Congress last night. Required by the U.S....

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New Feature: Fact or Fiction

It seems like every time I turn on the TV, the news shows on all the different networks are covering the same story. And yet, it’s not the same story, because each network seems to have their own answer to the problem, their own spin on the story.
I admit, I always find this occurence frustrating...

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Seven Last Minute Tax Tips for 2009

I don’t know about you, but I can’t believe how quickly this year has passed! 2009 will be over in less than 2 weeks, which means your window of opportunity for stockpiling deductions is shrinking rapidly. Don’t worry though; even with the limited timeframe, there are still things you can do to lessen your tax...

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