If you are planning to purchase a new automobile before the end of the year, it might be appropriate to purchase either a hybrid or lean-burn vehicle. Credits for these types of vehicles range from $900 to $2,350. However, this credit has phased out for most manufacturers and is currently available only on qualified vehicles manufactured by General Motors, Chrysler, Nissan, … [Read more...] about Pick a Hybrid or Lean-Burn Vehicle
Capital Gains Strategies
One of the greatest benefits of the tax code is the special tax rates that currently apply to gain recognized from the sale of capital assets held for more than a year (long-term). The special tax rates apply to virtually all capital assets including land, improved real estate, your main and vacation homes, and business assets in excess of the accumulated depreciation … [Read more...] about Capital Gains Strategies
New Roth IRA Opportunities
2010 is the first year in which taxpayers—including married taxpayers filing separately—are able to convert funds in regular IRAs (including SEP and Simple IRAs) to Roth IRAs, regardless of income level. This can provide a significant opportunity for certain taxpayers. There are several advantages to a Roth IRA - All future earnings and distributions at retirement generally … [Read more...] about New Roth IRA Opportunities
Advance Parole, EAD and other filing fees increase from Nov 23, 2010
The final fee rule will increase the average application and petition fees by approximately 10 percent. Form No. Application/Petition Description Existing Fees (effective through Nov. 22, 2010 Adjusted Fees (effective beginning Nov. 23, 2010) I-90 Application to Replace Permanent Resident Card $290 $365 I-102 Application for Replacement/Initial Nonimmigrant … [Read more...] about Advance Parole, EAD and other filing fees increase from Nov 23, 2010
Tax Planning Can Help You Save Money
All planning involves looking ahead to reach a specific goal. People are inclined to make careful plans when they consider making a home purchase, accepting a new job, taking a dream vacation, or investing for retirement. But when it comes to taxes, they often leave matters to chance, perhaps not realizing the tax savings that can result. THE GOAL OF TAX PLANNING IS TO SAVE YOU … [Read more...] about Tax Planning Can Help You Save Money