Health insurance premiums Any health insurance premiums you pay, including some long-term-care premiums based on your age, are potentially deductible. You have to add these, however, to your medical expense pile. Medical expenses must exceed 7.5% of your adjusted gross income (AGI) before they bring you any tax break.
CTEC approved provider If you do not want to buy a house to live in, you can buy one as an investment. Many of today’s real estate investors buy homes, make improvements and sell the houses for higher prices. This process of flipping houses is popularized on television. Home prices are dropping due to a housing slump but the trend may not last for long.
I am not suggesting that possession of marijuana is a good idea, but I do believe that the law should be fair and not sneaky. Sneaky; That’s what I think about the Idaho Code 63-4203. This law is known as the Illegal Drug Tax Stamp Act and it requires that you pay taxes on all illegal drugs that you possess. Now, doesn’t that sound like a scam: Come on in for your drug stamp!
Today, I spend tens of thousands of dollars each year on continuing education, including attending live seminars and workshops. And it pays off TENFOLD!
CTEC classes I. Family businesses are often lost or damaged by the delays, difficulty in accessing capital, and revelations to competitors through the public probate.
California is renowned for being about as business unfriendly as any state. If you aren’t getting taxed over here, you are getting hit with some odd fee over there. The weather makes up for item335334359 it, but sometimes you really have to wonder about whether it is all worth it. This is particularly true for small businesses who form limited liability companies only to get hit upside the head with a host of surprises.
CTEC courses The tax credit can not be part of the 3.5% needed in funds to close . Interest rates have been rising. Whether or not they will tone down again remains to be seen.
Again, please note that all extensions are made for paperwork only. You must have a payment to the IRS by April 15 or June 15, or make arrangements to pay before those deadlines. Otherwise, you will be charged interest and penalties for unpaid tax.