Favorite Quote: “You were born an original, don’t die a copy.”
http://www.taxsolutionservices.com
Mark Twain Quote: "The difference between a taxidermist and a tax collector-the taxidermist takes only your skin."
Will Rogers Quote: "If you find yourself in a hole, the first thing to do is stop diggin'."
Will Rogers-"Tax Story" - Having overpaid his income tax one year, tried in vain to claim his refund. His numerous letters and queries remained unanswered. Eventually, the next year's return tax form arrived. And, under "Itemized Deductions", Rogers listed: Bad debt, US Government -$40,000
IRS Q & A:
1. If a lawyer and an IRS agent were both drowning, and you could only
save one of them, would you go to lunch or read the newspaper?
2. What did the terrorist that hijacked a jumbo-jet full of I.R.S. agents do?
He threatened to release one every hour if his demands weren't met.
3. What do you call 25 I.R.S. agents buried up to their chins in cement?
Not enough cement.
4. What do you call 25 skydiving I.R.S. agents?
Skeet.
5. What do you throw to a drowning I.R.S. agent?
An Anvil.
6. What's brown and looks really good on an I.R.S. agent?
A Pit Bull.
7. What's the difference between an I.R.S. agent and a mosquito?
One is a bloodsucking parasite, the other is an insect.
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Tax Solutions-"Stop IRS Cold"
Assist in resolving tax problems
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- Dennis M Wayne
- Indio,, CA 92203, United States
- Semi-Retired Tax Consultant, Ex-IRS Officer, Banker, Real Estate Broker, Stockbroker
Tax Humor
* There will always be death and taxes. However, death doesn't get worse every year.
* Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?
* Fight back! Fill out your tax forms with Roman numerals.
* Did you ever notice? When you put the two words "the" and "IRS" together it spells "theirs."
* IRS Slogan: Be audit you can be.
* IRS Motto: We've got what it takes to take what you have got.
Tax Tips
IRS Withholding Calculator_______________________The purpose of this application is to help employees to ensure that they do not have too much or too little income tax withheld from their pay.
Go to: http://www.irs.gov/individuals/article/0,,id=96196,00.html?portlet=2
Tax Tips
Selling Your Home__________________________
Many people sell their home and will make a profit on the sale and still will not have to pay a single dime of additional income tax to the IRS.
Under certain circumstances the law allows you to exclude all or part of that gain from your income – that is, you may not have to pay tax on the profit.
This exclusion—up to $250,000 for individuals and $500,000 for married taxpayers filing joint returns—is not a once in a lifetime event. The exclusion may be claimed each time that you sell your main home, but generally no more often than once every two years.
Mortgage Forgiveness Debt
Mortgage Forgiveness Debt Relief Act
What is the Mortgage Forgiveness Debt Relief Act of 2007?
The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence.
What does that mean?
Usually, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable. The Mortgage Forgiveness Debt Relief Act of 2007 allows you to exclude certain cancelled debt on your principal residence from income.