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Tax refund tricks of millionaires

March 24, 2009 By Leave a Comment

Tis’ the tax season! And if you’re like most people these days it’s important now more than ever to maximize your annual return.

Patrick James — a tax deduction expert with more than 20 years experience in the field — is going to show you how to do just that during this FREE 90-minute online training presentation, which is scheduled for Wednesday, April 8 at 9 p.m. ET.

Learn how to pay only what you legally owe to the Internal Revenue Service (IRS) and not one penny more with “Audit-Proof Tax Secrets of the Millionaires.” To register now at no cost CLICK HERE.

Now is the time to buckle down and save every penny possible — taxes are the single largest expense most families are faced with today. No matter what your tax bracket, you can discover thousands of dollars in additional deductions you didn’t even know the IRS allows.

Here are just some of the topics that Patrick will cover:

  • Write off paying your kids
  • Write off your mileage
  • Document your expenses correctly
  • Write off meals and entertainment
  • Write off your travel

Patrick has the legal secrets to lower your taxes by 50 percent and beat the IRS every time. You cannot afford to miss this exciting and informative Webinar — it won’t cost you a single penny!

April 15 is right around the corner … So register for “Audit-Proof Tax Secrets of the Millionaires” before it’s too late! Spots are limited and filling up FAST! CLICK HERE.

Webinars are LIVE educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.

Filed Under: Foreclosure Tax Credit, Foreclosure Training, Foreclosure training workshops, Foreclosure Webinar, Foreclosure Webinars, Real Estate School, Real Estate Training, Tax Credits

$8,000 tax credit housing forms …

February 27, 2009 By 1 Comment

… are now available for first-time home buyers at IRS.gov. Tis’ the tax season! To download form number 5405 click here.

This, of course, is all part of President Barack Obama’s $789 billion American Recovery and Reinvestment Act of 2009, which is a recently-approved blockbuster stimulus initiative that is expected to boost employment and jumpstart the national economy.

Providing people with financial incentives or “tax breaks” to purchase real estate is a large piece of the plan.

Therefore, the new bill provides a first-time home buyer with an $8,000 maximum tax credit (or 10 percent of the purchase price) on a purchase made before Dec. 1, 2009. It can be claimed on a 2008 (due this April) or 2009 (due next April) federal tax return and does not need to be repaid if the person resides in the property for more than three years.

In addition, first-time homebuyers who bought in 2008 (April 8 through Dec. 31) have been rolled into the equation. However, the maximum credit is $7,500 and must be paid back over a 15-year period.

For more on the $8,000 home buyer tax credit click here. Be sure to contact your personal accountant or the individual who files your taxes for additional information on how to take advantage of this limited-time money-saving offer.

Filed Under: 8000 tax credit, Tax Credits

$15000 tax credit for home buyers cut from Obama stimulus package

February 12, 2009 By Leave a Comment

money-gold

Last week, elected officials in Washington, D.C., proposed a new $15,000 tax credit to encourage people to start buying homes and, in turn, jump start the national housing market.

It was a nice incentive, which would have provided all homebuyers (not just first timers) with up to $15,000 (or 10 percent of the value of new or existing residences) to put toward their real estate purchases.

Unfortunately, the money-saving measure was today cut from President Barack Obama’s $838 billion economic stimulus package, which had recently received bipartisan support from Senate members. The House of Representatives trimmed the bill to $789 billion and left the $15,000 tax credit on the cutting room floor.

The good news is that there was a compromise — the $7,500 tax credit was bumped up to $8,000. This program provides first-time homebuyers with monetary incentive to purchase foreclosures. In addition, under the terms of the new language in the revised bill, the $8,000 does not need to be repaid (previously it had to be paid back at zero interest within 15 years).

It’s expected that a final vote on the revised $789 billion economic stimulus packaged could come as early as tomorrow (Friday). If it is approved it would then head to the desk of President Obama where it would more than likely be officially signed into law.

Stay tuned.

Filed Under: Foreclosure News, Tax Credits
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