DFW Relocation

If you give gifts in the course of your business, you can deduct all or part of the cost, but you cannot deduct more than $25 for each business gift that you gave away during the tax year. A gift that is intended for the eventual personal use or benefit of a particular person or class of people will be considered a gift to that person or class of people. If you give a gift to a member of a customer's family, the gift is generally considered to be an indirect gift to the customer. This rule does not apply if you have an independent business connection with that family member and the gift is not intended for the customer's eventual use. Incidental costs, like gift wrapping, packaging, insuring, and mailing, are generally not included in determining the cost of the gift. You cannot deduct gift items that cost less than $4 if they have your name clearly and permanently imprinted on the gift, or if the gift is one of many identical items that you widely distribute, like pens and ca...

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Final Score: $8,000 for Homebuyers By Les Christie, CNNMoney.com staff writer First-time purchasers get a tax credit windfall if they buy before December. NEW YORK (CNNMoney.com) -- There's a nice windfall for some homebuyers in the economic stimulus bill signed into law this week by President Obama. First-time buyers can claim a credit worth $8,000 - or 10% of the home's value , whichever is less - on their 2008 or 2009 taxes. A big plus is that the credit is refundable, meaning tax filers see a refund of the full $8,000 even if their total tax bill - the amount of witholding they paid during the year plus anything extra they had to pony up when they filed their returns - was less than that amount. But there has been a lot of confusion over this provision. Adam Billings of Knoxville, Tenn. wrote to CNNMoney.com asking: "I will qualify as a first-time home buyer, and I am currently set to get a small tax refund for 2008. Does that mean if I purchased now that I would get a...

FHA Experts: USDA Loans with ZERO Move-In Financing, along with a $8,000 Tax Credit Ask about this today! ~Zero Move-In with USDA Loans ~ ~ FHA Loans from 530 FICO Score~ These programs are also combined with a $7,500 Tax Credit for any of your Buyers that have not owned a home in the Past 3 Years. Buyers can finance a home loan up to $271,000. We have FHA Investors that will work with Borrowers with No Minimum Score if the following conditions can be met: 1. Borrower must be able to verify Income and Job History 2. The Borrower can have collections and charge-offs, if the actual date of occurrence is over One Year old (preferably Two Years) 3. Borrower must be able to verify good Rental History for at least 12 months 4. The Borrower must have at least 3 Trade-Lines that have a good pay history for the last 12 months, minimum. Alternate credit or trade-lines can be used. 5. No Reserves are required, but as always, they are helpful If you have any questions - please call me Robert J...

COBRA Provisions in the American Recovery and Reinvestment Act Congress has passed the American Recovery and Reinvestment Act ("the Act"), and the Act has been signed by President Obama. This communication describes the provisions in the Act that affect COBRA continuation coverage and similar state continuation coverage. Applicability and Effective Date The COBRA changes affect both the federal COBRA provisions and the Public Health Service Act program that provides similar extension benefits for public programs. In addition, however, the subsidy provisions apply to state continuation coverage that is comparable to federal COBRA. That would include so-called "mini-COBRA" state laws that cover groups below the 20 employee threshold for COBRA. To be comparable, the state continuation law must allow the individual to continue substantially similar coverage as was provided under the group health plan at a monthly cost that is based on a specified percentage of the gr...

First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit . Remember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income . The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. To find out more about buying visit http://www.robertjrussell.com Technorati : Buyers , Home Buyers , Robert J Russell , Tax Credit Del.icio.us : Buyers , Home Buyers , Robert J Russell , Tax Credit Zooomr : Buyers , Home Buyers , Robert J Russell , Tax Credit Flickr : Buyers , Home Buyers , Robert J Russell , Tax Credit

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