Remember back in October, congress passed the bail-out bill of $700 billion. Inside the bill, there were some tax provisions that would affect us all, the average American taxpayers. “In all the publicity surrounding the bailout package, not much attention was paid to the tax policy items,” says Steve Forrest of Forrest Financial Services. “That’s […]
You see the image at the top of the page. That’s me. I read where I feel comfortable. You know where that is, right? I try to read whenever and wherever possible. Sometimes I am at the airport waiting for my flight, I go to a book and newspaper stand. I can’t find anything interesting […]
As I have stated in my previous posts, I came to the States in the seventies. I was born and raised in a very cost-conscious family, not only family but the small-town cost-conscious society as a whole. We had to be. We did not have the abundance of anything that Americans have enjoyed so wholeheartedly […]
To reminisce – I always have problems with that word, English not being my first language. That means “to recollect and tell of past experiences or events” – you know the last couple of months, so much has happened. Treasury Secretary, Mr. Paulson asked Congress to give him $700,000,000,000.00. A part of that money, probably […]
Late Thursday, Nov. 20, 2008, Congress passed a legislation to extend the period of government assistance to unemployed Americans. The bill, which was already approved by the House, is expected to be quickly signed by President Bush. In all states, the benefits have been extended by 7 weeks. In some states, where the unemployment rates […]
If you are a student, free money, also called grants, scholarships, or gift aid, is the best kind of financial aid because you don’t have to pay it back. Of course, there is a limited amount of money. Research shows that only about 50% of all college students get any of this free money. Still […]
If you are working and your employer offers health benefits including flexible health benefits account where a certain amount is deducted before taxes like 401(k), it is time to recalculate your estimated tax return. If you have to do some adjustments, now may be a good time. For 2009, personal exemptions and standard deductions will […]
For 2008, personal exemptions and standard deductions will rise, tax brackets will widen and workers will be able to save more for retirement, thanks to inflation adjustments announced today by the Internal Revenue Service. If you have to do some adjustments, this may be a good time to do them. By law, the dollar amounts […]
On Oct. 23, 2008, IRS posted this news about IRS Seeks to Return $266 Million. The Internal Revenue Service is looking for taxpayers who are missing more than 279,000 economic stimulus checks totaling about $163 million and more than 104,000 regular refund checks totaling about $103 million that were returned by the U.S. Postal Service […]
On October 24, 2008, New York Daily News ran a story about IRS hunting 17,000 New Yorkers owed $13.8M in refund, stimulus checks. NY Daily News has a database with all the 17,000 plus names stored in it. So if you are a New Yorker and live in one of the 5 boroughs of New […]
