ShareFollow UsLegally, we have one word that means the most in and out of the courtroom: fair. We look for fairness. Equity. And when it comes to divorce, equity is king, because you definitely want to steer clear of the chaos (especially if you have children). Think about it. Divorce Is Ugly, But With Legal Representation, We Can Make It Work Out This can largely be the case regarding alimony, or spousal support — something you may have to pay to…

The post What Will Alimony Do to Your Tax Return? appeared first on INTERNET LEGAL PLANS.

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Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes?

It's true — much to the dismay of many of the middle class, and it's sneaky. But thanks to a slight loophole in tax law, many of the wealthy have been able to take their massive properties on rural land assessed for millions of dollars, get the "use-value assessment" typically reserved for farmers and obtain a property tax credit.

What then happens? It's that tax credit bringing the value of, say, a $71.4MM valued property down to as little as $290K! They're basically able to have that rural land at such a low cost in terms of property tax that it almost seems like a steal (it is, actually).

You simply need to prove that you live on the acquired rural land. That's it. You don't have to do any farming, tilling the soil, milking cows or maintaining a chicken coop. File your property taxes under this tax credit, and you're golden.

There are many other supposed "tax shelters" out there to help maximize your refund. Just click below! And be sure to sign up with #ITPN  immediately and get your 2-hour tax return filed right away.

The post Buying Farmland and Some Cows Can ACTUALLY Save You on #Taxes? It’s true — much to the dismay of… appeared first on Cloud Based Bookkeeping.

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Honestly, some tactics can be downright disgusting when it comes to so-called “tax shelters” (withholding our approval), and others are so smart that we award such experts the veritable title of successful tax giant, like these smart real estate agents with their write-offs. It’s those worthy masters of tax goodness capable of dispelling the old negative adage that is this: oooooh, have to file the taxes, and pray for a decent return.

Face It: No One Likes to File Their Taxes

It’s honestly a pain at times. You can even pay hundreds of dollars to have a CPA do the work for you, but even then you’re not getting back everything you want in a tax refund. And here’s the reason why the outlook is so negative — not many know what to do about tax credits! Or even how many possible tax credits there are.

True, you have to qualify for a lot of tax credits based on income. But even if you’re a middle-class citizen, play the cards right, sign up with the Income Tax Planning Network at a great price, and you can easily rock it with at least one of these great tax shelters:

• Buying a Home — This is actually a “tax shelter,” saving you money on your return? Yes, it is! Here’s why.
• Avoiding Estate and Inheritance Tax — Definitely discuss with your ITPN expert how this could be possible. Great tax credits here, but they’re only available in some states. Find out which ones right now.
• The 529 College Savings Plan — It blows our mind that many might not even consider this plan as a tax shelter. Think about how thankful your kids would be about this one….
• The Old-Fashioned Retirement Plan — Did you know that your everyday 401(k) could actually benefit your tax return? It’s true. Here’s how it works.
• The Personal and Business Business Income Tax Credits — Think about how awesome it would be to never have to pay any income tax, personal or corporate. It all depends on this.
• Rural Land Investments — Talk with your ITPN expert today and see why a few of your cows on some rural land could save you a ton of money in property taxes.
• The 1031 Exchange — Talk about clever…. You’d have to be a real real estate mogul to take advantage of this tax shelter, and it works. Here’s how.
• The Dynasty Trust — If you’re wealthy, this is one way to benefit your own children for the rest of their lives even without actually giving away any of your property. Find out how that’s possible right here.

These tax shelters could make it feel like the government’s paying you.

But You Won’t Know How to Apply for These Tax Shelters….

Unless you sign up for the Income Tax Planning Network. Take a look at your options. If you own some rural land, who knows…. (you might qualify for that kind of tax shelter). What state do you live in? That might make all the difference. What if you’re getting divorced? Not a problem.

But you won’t know unless you contact us. Sign up today and maximize your tax refund.

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What is the network, you ask? Obviously ITPN (the Income Tax Planning Network), the innovator behind the convenient and accurate 2-hour tax return. And since taxes are second to death in this country, we want to make sure we get those done before the grim reaper makes his way toward us. Let’s face it: we all want that great tax refund. But understand that there are definitely must-do’s to do in order to get that tax return filed correctly and on time.

Here Are Those Ten Top Tax Return Tips — Courtesy of ITPN

Some of these might actually surprise you a bit. One thing’s for sure: you’re going to need the Income Tax Planning Network to make sure you have all your i’s dotted, t’s crossed, k’s curled, and p’s placed in the right places come tax return time, starting with….

• Check the “Cheat Sheet” Formula — What is this “formula” we speak of, and why is it important? You’ll find out right here, and then sign up for your 2-hour tax return immediately.
• Know Your Tax Breaks and Credits — Deductions are great and everything, but would you like to know how awesome tax breaks and credits really are? Check with your professional today.
• Deductions Don’t Have to Be a Pain — They usually are. Make no mistake about it. Just ask your real estate agent. However, read this, and you’ll realize that tax return deductions aren’t so bad.
• What If You’re Self-Employed? — A very important question to ask if you’re going to file that tax return. Go ahead and check this piece out to learn more, and then please do sign up with your ITPN expert today.
• It’s Always Better to File the Tax Return No Matter What — No question. No argument. Even if you’re dealing with an earth-shattering divorce! Please sign up for that 2-hour tax return, even if you truly believe you can’t pay the bill at all! Here’s why.
• Mind the Due Dates, Please — The IRS are sticklers for it, just so you know, as you’ll be liable for penalties if you miss the deadline. So act now, sign up with the Income Tax Planning Network, and get started to learn more.
• Know Your Extensions Well — You could easily discuss the ins and outs of tax law with the experts at ITPN, of course. Here’s a little hint, though: an extension of “time to file” isn’t an extension of “time to pay”!
• Maybe You Missed Your Deadline for Taxes? No Worries. — Want to know why? Call ITPN at 888-203-3030 after filling your information out here.
• Please Open Your Mail From the IRS — The last thing you want to do is ignore them by not filing or paying the tax bill. Don’t do that. Or else they’ll ding your refund, levy your wages or bank account. They can even revoke your passport. Contact ITPN and get your tax return filed immediately, and then be within communications at all times.
• Lastly, You Don’t Have to Break Your Bank for Your Tax Return! — That tax refund should be all yours with maybe a minimal cost. There’s nothing wrong with getting that tax preparation specialist to handle all the tidbits for you. Would you like to know just how cost effective ITPN is?

Now’s the Time — Don’t Wait

You’ve got two things on your side: information and collaboration. The information is here. Collaboration is right here. Let us collaborate with you to get this done. Because that tax refund’s waiting for the deposit. And you’re on the other end to cash in.

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As if divorce wasn’t hard enough. Let’s throw taxes into the mix and make it like lemon juice on the wounds. The last thing divorce couples want to ever think about is money; except oftentimes that issue of money becomes the primary agenda. Why? Divorce is a divide — not just of family, kids, and even a lifestyle, but of income. And when you think about income, you think of taxes. Divorce can screw it up!

Thankfully, If You Follow These Divorce Tax Options, You’ll Be on Track to Getting Life Going in the Right Direction Again

It’s an adjustment. Make no mistake. But the good news is you’ll have options on your plate provided you consult with your ITPN expert immediately. The biggest issue, without a doubt, is the home. What do you possibly do with the home, for crying out loud? Well, here are your options:

• One of You Can Just Buy the Home Outright — But that means the other won’t have any rights to it anymore! Don’t panic…. There are good divorce tax reasons for doing this. Click here and find out.
• What About Selling the House Together? — Don’t fight. We know it’s hard if you’re already getting divorced, and you don’t want to have to share profits…. But it might benefit your taxes in the long run. Check here to find out.
• Just Let the Kids Grow Up and Move Out First — What’s wrong with one of you moving out on your own and letting the kids stay in the home? Nothing. Just keep this little piece of advice handy if you go this route.
• Sucking It Up and Living in the Home Together — Before you kill us on this divorce tax tip, read this and it might make some more sense to you.
• What You Can Do With Your Rental Properties — We just made it even more complicated, but follow this specific divorce tax tip, and you shouldn’t worry much.
• What You Can Do With Your Vacation Home — You have a vacation home, too? Hoboy…. Thankfully, this divorce tax tip can streamline the process as well.
• How About Alimony (Spousal Support)? — Not a problem. Check out this article and see what can happen to your taxes on either side.

A lot of these might apply to you. Some won’t. Whatever the case, be in the know. Consult. And then apply. That should make divorce when it comes to your taxes like showers and shampoo.

Of Course, Who Do You Consult on All This?

The Income Tax Planning Network, of course! Sign up right now. Get started. Your divorce shouldn’t be the end. We can help make a good portion of it a beginning where you’ll get off on the right foot (even if the divorce was definitely the wrong one!).

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The real estate biz is a tough cage fight where you’ve got to lock the kimura and force a tap-out before you’re knocked to the ground. Make no mistake about it. And when it comes to real estate agents, that iron jaw’s crucial; but what happens when you’re getting hit way too much financially that you don’t know how to keep your wits about you? This is what you do….

You Take Advantage of Your Tax Write-Offs!

Remember: you’re a professional. An entrepreneur. You’ve got a wealth of tax write-offs at your fingertips, and if you’re missing anything, you could be losing out on a lot for your tax refund. Some of these specifics might actually shock you, but we’ve broken it down to four verticals for your to keep in mind, but as always, consult your tax expert with ITPN right now to get the goods on maximizing your refund this year:

• Firstly, Your Real Estate Marketing Can Be Deducted! — Want to know what kind of marketing costs can be deducted? Click here.
• Professional Development? Write That Off as Well. — This is what you need to know about what real estate agents can write off when it comes to their continuing education.
• What? Your Car? You Can Write Off Expenses on Your Car? — Absolutely! Here’s a quick list of the write-offs real estate agents can utilize on their tax refunds regarding personal transportation.
• Your Business Can Actually Be a Write-Off, Too — Running a business can cost a ton of money, no doubt. But keep this cheat sheet in mind, and that tax refund should make up for a lot!

Work on Your Ground Game as Real Estate Agents, and the Battle’s All Yours to Win

You’re a professional. You utilize social media to maximize your visibility. Your investment brings in lead after lead. It’s time to get some more back for all your hard work. How do you do it? You use this ultimate tax write-off guide for real estate agents. Sign up immediately for more information about what you need to do with your taxes and get your year started off on the right foot.

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So, listen — ITPN won’t bash. We won’t ridicule, although our country’s known for plenty of political and celebrity satire (how about that comb-over?). But Donald Trump does know the ins and outs of business and finance in a big way, so far be it from us to criticize the Donald for something as grand a scale as this new tax plan he’s proposing as a bid to increase his candidacy on the Republican side.

But we’ll play devil’s advocate here…. It’s only fair. You want to know what’s up with Donald Trump and his new tax plan? Here’s some inside interpretation and speculation about what can happen to you if the Donald’s elected and proposing this new tax plan:

Donald Trump and His New Tax Plan: Huge, Expensive…. And Risky

As Donald Trump would say, you’ve got to think “big.” And this tax plan of his is definitely big. There are a few problems that could arise from implementing this tax plan, although on the surface it does sound good. For starters….

• Will It Benefit the Job Economy? Donald Trump Says Yes — We honestly say ‘no’. At least for many Americans at a certain tax bracket. Want to know why the job economy will suffer? Click here.
• This Will Be a Tax Plan Costing Trillions of Dollars! — Think about it. Tax revenue is necessary for the government to operate. Why will this plan cost trillions? Find out for yourself….
• Everyone Gets a ‘Piece of the Pie’ — Sure, it sounds good to share the wealth, so to speak; but, honestly, you have to know: when it comes to taxes, you can’t please everyone (and you shouldn’t — or can you?).

We Understand, Donald Trump: You Want to Please Everyone

After all, everyone pokes fun at you — the cost of being in the public life as a candidate for, well, public office, and for several other figures in today’s news. Sure, he ends up looking like a whiny baby, and truth be told…. The man might have something here.

That tax plan looks very much like your typical GOP plan with the standard tax cuts and deduction limits you’d expect, but when you learn just by how much this tax plan of Donald Trump goes way out there in a black hole of a financial vacuum, you begin to wonder — will we swallow ourselves up in more debt just for the sake of enjoying our money? Are we putting too much faith like Pope Francis in the prospect of people wanting to spend their hard-earned dollars they’ve kept due to personal finance excellence, perhaps stimulating the economy and maybe looking to advance careers? Possibly.

Talk about a financial leap of faith there. Even Ahmed Mohamed sees this as a “clock” that might not ‘work’ like it should…. Want help with your finances and taxes? Click here to make sure your “clock” continues to work!

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Life just happens, good or bad, for many families out there in the United States. There’s no denying it. Single mothers, even single fathers: low-income families have a burden on their shoulders where basic bookkeeping becomes a stress of mammoth proportions due to the fact that there’s never enough income generated to pay necessary bills just to make it day by day.

So what has to be in place? Simply put, government aid. It’s almost a necessity for low-income families. But whether you think it’s a crutch or not, and whether many simply seem to take advantage of the benefits offered by the government, one thing is clear — even the families that do work hard seem to only make it by the skin of their teeth, having to pull from their next paychecks to pay back someone who lent money, or robbing “Peter” to pay numerous “Pauls,” because the fact is this — government aid can only do so much in comparison to personal finances (and, yet, there’s so much going into those funds that it may shock you).

Here Are Five Facts That Just Might Blow You Away With Respect to Government Aid and Low-Income Families

• Minimum Wage Jobs Don’t Often Guarantee Raises or Even Consistent Workweeks — Take it from many particular employees, most of them part-time, for certain fast-food chains. When the paychecks aren’t the same every other week, that makes budgeting all the more difficult for low-income families. Find out what those figures are right here.
• Food Stamps, While Extensive, Can Fluctuate and Also Promote Bad Health — Think about it for a moment. There’s a lot of money already going into the fund, but the big problem is just what you can exactly buy with your food stamps. This is typically how it would work for a single mother with a low wage of $7.50/hour.
• Yes, Low-Income Families Do Put Their Share Into Child Care Benefits — As much as they can possibly put into it, at least…. Given the kind of income they’re literally forced to bring in. Want to know just what they could be responsible for each week?
• Additionally, Low-Income Families Do Put Their Share Into Rent and Housing Costs — Granted, there are no handouts. But the numbers might actually shock you when you put it into perspective like this.
• Medicaid Will Only Provide for “so Much” to the Point That You’ll Just Want to Get By — It’s basic health insurance. But it’ll only cover certain procedures, prescriptions and other costs, plus there’s still some out-of-pocket concerns at such a low minimum wage that make Medicaid a bit laughable (not due to the government’s lack of assistance, though, and you’ll see why right here).

What Do These Facts Mean to You? That They Prove Benefits Don’t Benefit?

On the contrary…. They certainly make their mark. If it wasn’t for these programs, you’d have single parents on minimum wage or low-income families stuck in homeless shelters without any way to make the rent payment. That’s just a matter of fact….

But when you’ve got a certain fast-food chain making anywhere around $4.8BB in annual profits, it begs the question about employment — why not pay your workers what they earn with all the hours they put in, or want to put in, so they can get off of government aid and not have to pick and choose on their expenses?

Your average low-income worker will have just over $6K in annual income and about $11K in benefits for food, rent and child care. How’s that for a perspective on low-income families?

ITPN recognizes there’s a problem with the current system we have in place. So let’s fix it. Now.

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We understand that you college students out there hate the trek to the campus computer center, although we’re sure it gives you the Calorie burn to make up for the Ramen noodles and pizza delivery. Here’s the thing about financial management from a college standpoint, though: if you don’t really need it, don’t get it.

The Fact Is You Don’t Need a Printer in Your College Dorm, Because Your Campus Computer Center Will Already Have One!

You then save money on paper, ink, and the cost of the printer. Leave that printer home with mom and dad. You don’t need the equipment. You don’t need your uncle to send you more printing paper. This saves you money that would better be spend on repaying the loans or paying for your tuition. It’s worth the trip, plus you get a bit more convenience these days with cloud computing climbing so high in popularity among the professionals out there in any industry.

Really, all you need to do is make sure your file’s on a cloud drive, head to the center, load up your drive on one of those computers, find your file, and print it! It’s that simple.

Better yet, don’t bother bringing the computer to your dorm room. Again, you don’t need it there. You have all the resources you need right in the hall or in any one of the resource centers your campus will provide. Save your investment and space in your dorm room!

Take Advantage

In essence, this is learning at its best. Financial management isn’t simply about making money and keeping it somewhere. It’s about taking advantage of resources, maximizing your dollar, and minimizing your own overhead. You do this with taxes. You do this with bookkeeping. You do this with everything. Why not start doing it in college, right?

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Sometimes trust can get you in trouble in huge ways: welcome to the world of identity theft. That’s why when it comes to finances, business bookkeeping, and business, as a CEO you honestly have to be careful, even with someone you know you can trust.

We Repeat: NEVER Let the Intern Use the Credit Card

Don’t let any employee, or even a partner without specific authorization, use the company credit card. Period. The reason being is twofold: you could be dealing with someone who just might run off and open up new lines of credit, tarnishing the credit report, even contacting vendors and totally ruining the company from the ground up; or you could be handing over your credit card to someone who just might lose it, or have it in plain sight for a real identity thief to pull your information and wreak the same kind of havoc. The former situation is the worst-case scenario, obviously, as to why you should never let the intern use the credit card.

It’s basic corporate responsibility to never let the intern use the credit card, because it’s the business credit card. It’s your credit card. Don’t even lend the card to the intern or employee if you happen to be within a few feet of the individual! Always hold onto that piece of plastic and never let it go.

It’s That Kind of Identity Theft That Can Bring the Entire House Down

Ever heard of the “bigger they are, the harder they fall?” That’s the case here with identity theft. But if you never let the intern use the credit card, eliminating any risk of misplacement or crime, you ensure that your assets and funds, as much as they may be, will never be utilized to falsify anything.

Seriously, you can easily fall prey to something like student loans taken out in your name from 30 years ago, all because you happened to lend your credit card to someone for just a few minutes. And the result is your loans will garnish your entire 2-hour tax return, and the only way to get you out of that jam is to locate the written documents from all those years back, proving you’ve never took any loans out in the first place.

Talk about a massive domino effect.

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