Financial questions

How To Release Equity Locked Up In Your Home For Immediate Use. Free up the monetary worth tied up in your property by asking your financial advisor for information on a secured home owner loan. These types of loans can be legally used for any purpose you see fit and are available to nearly all homeowners. Secured home loans can be very easy to apply for and can be used for any purpose such as, home renovations, a new auto, a luxury getaway, to pay off charge cards or credit cards and even debt consolidation....

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With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote today's rate when asked, but they will quickly add they need to know more about you to determine the best program for your individual situation. So rather than asking questions, you should be prepared for, in fact looking for, a loan officer who asks you questions about your credit history, employment, income, down payment, and future plans....

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The bills are out of control and you need a new car. "Maybe we can get a new carpet and paint the house", you say to yourself. These are just a few reasons why home equity loans can seem like the solution to all your problems and are so popular. Home equity loans can be a fantastic way to start your own business or to take advantage of an investment opportunity. They can also make your situation worse than it was before you got the home equity loan. The reason's for taking advantage of home equity loans are the most important part of the process....

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Interest rates on home mortgages are often quoted with and without points. A point equals one percent of the amount you are financing. This means that on a $150,000 mortgage, one point is $1500.00 and two points would be $3,000. These points are in addition to whatever other closing costs you might have. I checked interest rates today in our state for 30-year fixed-rate mortgages and found a number of companies offering mortgages with no points. Here are a few examples (payment and interest only - no taxes or insurance)....

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What could you do with $10,000? Well, you can have it, now in a new home equity loan! Did you know that if you have been in your home for just one full year, you may already have the opportunity to take out huge dollars in equity from your home -- tens of thousands, even! Did you also know that you can get this money with no closing costs, use it any way you like, and, best of all, it will cost you as little as the price of your cable bill each month, and you can create an amazing money cycle that will give you an endless supply of cash....

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Import duties continue to be significant elements in the cost of international trade. Yet many companies and businesses still pay more duties than the law requires - which impacts adversely on landed cost and ultimately on business profitability. A planned approach to managing customs duty costs would look to eliminate, reduce and delay payment of customs duties. How to reduce customs duties in your business There are many ways to reduce customs duties. The amount of duties paid depends on four "...

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The end of tax filing extensions is quickly approaching. What do you do if you can't pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help. Credit Cards You can charge your taxes on your American Express, MasterCard, Visa or Discover cards. If you go in this direction, you can use either of the following two sources: Official Payments Corporation 1-800-2PAY-TAX (1-800-272-9829) www. officialpayments....

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Excerpted from the new book, "How to Do Space Age Work with a Stone Age Brain" TM The complete article with pictures and sample Auto Log is available at www. organize. com Every year American companies lose millions of dollars in productivity to employees who end up taking their own personal time off to do their taxes. Whether you are filing by paper from just one W-2 or running multiple enterprises, streamlining now will pay off this year and in future. Applying these proven Tax Time Tune-Up tips will save you time, frustration and could even save you money....

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As a small business owner or self-employed person, one of the easiest ways to keep Uncle Sam off your backand out of your life is to file your forms, payments andother paperwork on time. Over the next four months there are several key datesthat you dare not forget! Here they are -- all in one place, along with links to the IRS website PDF file for thatparticular form, where appropriate. NOTE: This article only addresses federal tax deadlines. Be sure to contact your state's tax department for theirdue dates....

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If you are a Small Business Owner or Self-Employed Person, there's one especially lucrative tax break that not onlyputs money in your pocket, it also makes the filing ofyour business tax return much simpler. What am I talking about? It's called the Section 179deduction, and if there's one tax break you need to understand, this is it. Here's why: The Section 179 deduction enables the Small Business Ownerto "expense" (i. e. deduct in the current year) up to$102,000 of the cost of most business equipment, ratherthan use those stingy and complicated depreciation rulesthat require you to write-off the cost over five or moreyears....

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Q: I was contacted by the city tax collector to say that my business is scheduled to be audited to see if I owe sales tax on items purchased on the Internet. Can they really make me pay sales tax on internet purchase? I thought you could buy things online tax free? -- Charlie B. A: Sorry, but your local municipality is well within its rights to audit your business to identify items purchased online. The city can also demand payment of sales tax on those items if sales tax was not previously paid....

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In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars, but nine of its executives still are under indictment. Son of Boss Tax Shelters From 1996 to 2003, KMPG promoted a tax strategy known as the Son of Boss. This shelter was used to create phony tax losses that could be claimed by wealth individuals looking to write off tens of millions of dollars....

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We all love to criticize the IRS, don't we? And I'mjust as guilty as anyone. It's easy to ridicule a hugeorganization of government bureaucrats who often seemto be Public Enemy #1. Our negative attitude toward the IRS can lead to astrong desire to just ignore it altogether. Butself-employed people who ignore the IRS do so at theirown peril. So when it comes to providing free information abouttaxes, let's not throw the baby out with the bath water. The IRS does provide some excellent resources to helpus make the best of a potentially bad situation....

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