Business News

On April 3 of last year, the IRS issued guidance on the new Build America Bond (BABs) program created by “The American Recovery and Reinvestment Act of 2009” (ARRA) which allows state and local governments to issue taxable bonds for capital projects and receive a new direct federal subsidy payment from the Treasury Department for a portion of their borrowing costs.

And did you even get in the door?  Every job opportunity is precious in this economy.  So imagine how frustrating it would be to think that the position description in a job posting was profoundly inaccurate.  You would have been incredibly qualified.  You would have been exactly perfect for the position.  It would have been a great opportunity.  It could have solved all your problems.

People go to a trust and estate litigation attorney when a parent has died and the other parent or stepparent, or perhaps a sibling or friend, is managing matters, and that person is not communicating with the rest of the family.  Or sometimes a parent or other relative is still alive but making terrible decisions.  An attorney is usually turned to as the last resort, because the belief is that attorneys only want to file lawsuits and run up the costs for everyone. 

Are you struggling with unpaid bills, lawsuits, a wage garnishment or a pending foreclosure?  Are you afraid to even go to your mailbox not knowing what you may find? Are you and your family personally affected by the current economy and the worsening foreclosure crisis? As we go through turbulent economic times, a lot of people are in a state of panic and anxiety as they face the unknown future.  Are you one of these people?

Got kids?  They may have an impact on your tax situation.  Listed below are the top 10 things the IRS wants you to consider if you have children.
Dependents In most cases, a child can be claimed as a dependent in the year they were born.

If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.  The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence.  Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. 

Learning is one of the most important ingredients for being on a pathway of moving forward in an effective manner.  Continual life long learning helps you remain effective in a continually, rapid changing global business environment.  A component of learning is training, which has suffered in our current economy.

A Roth IRA is an IRA designated as a Roth IRA when opened.  Contributions to Roth IRAs are not tax deductible and taxpayers can continue to contribute beyond age 70.5 years.  Unlike traditional IRA distributions, Roth IRA distributions are nontaxable and there is no age 70.5 minimum distribution requirement.

Sometimes bad things happen to good people.  We often run across people who have been diligent about filing their tax returns every year on time but then experience an unexpected scenario: A life changing event happens, such as a divorce or job change, and all of a sudden you skip filing a tax return one year.  Then you miss the second year and the third year, after which, you stop filing altogether.

FPK Security and Investigations, Inc. is a full service Security and Investigation company servicing Fortune 500 companies since 1992.  Throughout the years, FPK has proven to be a prominent company by displaying leadership through quality of services.  FPK Investigations consists of top individuals from both the insurance and law enforcement industries with over 30 years experience.

You’re 60 years old, you’ve been saving in your 401(k) for over 30 years, your investments are poor at best, a majority of your plan includes your company’s stock, and/or you can never reach a plan advisor to direct you on your investments.  There should be something you can do.  Well, there is!  It’s called an in-service withdrawal/distribution and it’s available in many employers’ 401(k) plans.

You are taking a walk one evening when a dog runs out of a residence and attacks you.  What should you do?  If bitten, you should clean the wound immediately, using soap and warm water.  Try to remember the dog’s description, including breed, color and size.  If the owner is identifiable, obtain all necessary information about him or her, including name, address and contact information.  Further, take pictures of the bite wound(s) as soon as possible. 

Could it possibly be that better times are around the corner?  It is springtime, and more of my little birdies are flying the nest.  But these are managers and executives who have fought hardest for their opportunities.
How to join them?  Have well-founded research on companies/organizations/industries that utilize the skills you can offer. 

Once again in 2010 the SCV Senior Center will have IRS/AARP trained volunteers to complete and file income taxes for seniors.  They will be volunteering on Tuesday and Wednesday afternoons at the SCV Senior Center starting on February 9th through April 14th, 2010.

Many investors have strong opinions that don’t involve their views on interest rates and stock prices.  This might include support for a clean environment or concern for the poor and the disadvantaged—just to mention a few well-known causes.
Increasingly, these investors want their holdings to reflect their social, ethical or religious values.  They wish to avoid companies that profit from activities they oppose, and support companies that behave in ways they consider appropriate or responsible. 

Got kids?  They may have an impact on your tax situation.  Listed below are the top 10 things the IRS wants you to consider if you have children.
1.  Dependents.  In most cases, a child can be claimed as a dependent in the year they were born.
2.  Child Tax Credit.  You may be able to take this credit on your tax return for each of your children under age 17. 

Many of us have had to tighten our belts and cut back on luxuries as the economy has slowed and moved into a recession.  A lot of people have looked to the Internet to earn a few extra dollars.  Diversifying your income isn’t a bad idea and with a little upfront hard work, you could be on your way to a nice residual income.

When a homeowner sells their home below the current mortgage balance or is foreclosed on by the lender, this can trigger a taxable event to the homeowner (borrower).  As example: