New IRS forms to review before filing
Dec 26, 2009 Tax Changes
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Some new IRS Forms to review:
- Form 656 (revised 3/09) – Offer in Compromise
- Form 886-H-AOC (revised 7/09) – Supporting Documents to Prove American Opportunity Credit
- Form 886-H-FTHBC (revised 9/09) – First-Time Homebuyer Credit Supporting Documents
- Form 1040 Schedule A Itemized Deductions
- Form 1040 Schedule L Standard Deductions for Certain Filers
- Form 1040 Schedule M Making Work Pay and Government Retiree Credits
- Form 4506T-EZ – Short Form Request for Individual Tax Return Transcript
- Form 4562 Depreciation and Amortization
- Form 4684 Casualties and Thefts
- Form 5405 First-Time Homebuyer Credit
Tags: 2010
Differences handling money: how an owner thinks
Dec 14, 2009 Business Expenses
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Many people believe money is the embodiment of material wealth and allegedly personal freedom. Regardless of our sophistication and education, we are typically swept up with this misrepresentation. We seek financial well-being anywhere we can find it. Those of us without real cash reserves or large disposable incomes mistakenly replace what we lack in funds with expensive lines of credit. We leverage what we have in order to acquire what we seek to possess.
