Save Money on Taxes

Want to strike fear in people hearts? Just mention the IRS! It's one of the most misunderstood government agencies. Our taxes support government operations, and social programs. Indeed without income taxes our health, education, national security and public welfare would be severely compromised or fail. Income taxes are the largest source of federal income and through transfers are a significant supplement to states, counties and municipalities. According to the US Government, income taxes represent approximately one third of all tax revenue collected in United States in 2010. Taxes affect many different aspects of business, government, personal and political decisions. A solid understanding of tax functions is fundamental and extremely useful for taxpayers. It's important to pay your taxes, but it's even more important to not pay too much.

A Tale of Three Accountants

Once upon a time there were 3 accountants. Each was successful and ethical. Our hero, John Taxpayer goes to the first one, and the result is he owes $ 1,000. He decides to get a second opinion, and the result is a $ 500 overpayment. His friend recommends yet another tax preparer, and the outcome is a $ 2,500 refund. How can this happen? The answer is, it happens every day, although the taxpayer does not have the benefit of comparison, because he will typically go to one accountant and not know if his return was filed accurate, and to his benefit. In our example, each return was legally prepared and fully in compliance with the tax code.

Who cares about taxes?

Every taxpayer should care about taxes because they influence everyday decisions including all kinds of investments, estate planning, educational commitments, amount and timing of expenses and even prospective job offers. Moreover, the role of taxes is not only limited to personal financial decisions; taxes play an extremely important role in business world. For example: if the taxpayer considers opening a business. The organizational form of the business should be decided at least partially, on the tax implications, because taxes represent significant transaction costs and can have a significant impact on reported profits. Individuals and businesses should factor potential tax implications into their individual and business economic and financial decision-making processes. Decisions should consider costs and benefits from tax strategy and tax implementation in everyday life or the business cycle.

Complicated Laws and Rules

The tax codes are intentionally complicated. This is the result of congressional actions to benefit certain categories of individuals and businesses. The tax laws reflect a patchwork of special interests; they're more political than business-like or fair. Your task is to use every exemption, deduction, and rule to your advantage so that you will minimize your tax liability. The government job is to make sure you comply with the law and pay your "fair share." Every taxpayer should be aware that tax laws in United States are based on the all-inclusive income concept. The all-inclusive income concept means that every taxpayer is obligated to include as taxable income all realized income from …

Reverse Email Lookup – Why Does it Cost Money?

More and more people are finding it interesting to search for people online. Some people have no problem paying nominal fees for reverse email lookup, but others will ask, "Why does reverse email lookup cost money?" Of course, there are free reverse email search options available, but the problem is, the free services only give the Internet community limited access to large databases of public records. The fees charged for reverse email services vary. Advertisement and hosting is something most of these services consider. Vendors online who offer the community the ability to search through thousands of databases internationally often have to pay supplier premiums to access public records and data. Many of these suppliers will sell data and records in bulks, which provide the reverse email lookup vendors' discounts. The discounts offered to the vendors enable them to provide savings to the Internet community by offering them reverse email search at affordable prices.

Because the services give people access to thousands of public records ranging from criminal search, property records, land patents, birth records, phone numbers, marriage records, adoption, unclaimed money, license, missing people and more, they often have to pay premiums and taxes on these records. For this reason, reverse email search costs money.

The government offers the Internet community, reverse email lookup, which gives people access to thousands of public records. The government charges a nominal fee for their services because they have to pay their workers or staff to lookup the information and store it in a database. All of the records listed in the database are free public records. If you were to look up public records online, conducting single searches, you would have to break down the individual, company, or record and individually take the time to lookup multiple websites to find all the information you would need to profile the character, business , etc. Single, reverse email lookup only provides you ways to look up information on sex offenders only per se. If you wanted more information on this person, you would need to look through the criminal databases, background records, inmates, birth, or related records individually. This is time consuming for most people.

The reverse email search online and the fees charged for the services put you in connection with all public records. This means you can type in the name of one individual and pull up all records on that person. Lastly, the databases house data that private investigators, government officials, and law enforcements use to find information about people, places, and things. It is one big database setup on a noun structure that enables the Internet community to find what they need in less time by searching through public records at a nominal cost.

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Is Money Fake, Representing Nothing But The Paper It Is Written On?

Many accuse our Federal Reserve of issuing money that isn’t worth the paper it is written on, that it has no value, that it isn’t backed by gold anymore – that in essence it is fake, and a the entire system is a giant scam. However, I say that money isn’t fake because it represents a concept – Future Work – and this is why it is valued when borrowed into existence, that future work is worth something to the individuals doing the work or the company doing business to create products.

Now then, that doesn’t mean it isn’t abused by Central Banks around the world or government or incestuous and unscrupulous individuals attempting to hoard and manipulate it. It doesn’t mean that the greedy who get in the way and siphon its flow without doing work or providing value, much like lawyers or government which get in the way of business transactions through unjustified fees, taxes, regulations and laws are not a problem for the system. Any sort of corruption or inefficiencies hurt the system overall, but the concept of the money we use isn’t fake, it represents something very important. And as long as we believe that and have faith in the value of our work or those things we produce the monetary system is healthy.

If you’d like to see a philosophical dark side of greed and corruption of such a system, there is a great Hollywood Movie worth watching: In Time (2011). The IMDb website has the movie trailer you can check out, the synopsis there states:

“In a future where people stop aging at 25, but are engineered to live only one more year, having the means to buy your way out of the situation is a shot at immortal youth. Here, Will Salas finds himself accused of murder and on the run with a hostage – a connection that becomes an important part of the way against the system.”

In fact, I bet you’d like and it is a real mind-screw and gets to the point of the intrinsic value or money based on work. It’s a Science Fiction movie that makes you think.

Of course, today we don’t really use much actual currency and coin, most money is digital, one’s and zero’s and is created by hitting a key board, unfortunately, it can be stolen or hacked away as easy as it was created – worried yet? I am to a small degree, I must confess, as there is no doubt that with the future of Quantum Computing that our digital money, banking system is at risk of a massive meltdown – and you mentioned trust, if people don’t trust it, it’s failed and then all of civilization melts down in about 3-5 days, a couple of weeks at most – scary stuff.

Tearing down the current system to bring forth a new one, will be too much change too quickly for human civilizations to survive, everyone loses, no one wins and 3 …

Bypass State Unclaimed Funds – A Money Finder Loophole

If you are or are thinking about becoming a money finder, you’re probably more than a little bummed out about the 5-15% finder fee caps imposed by almost every state unclaimed funds department. There’s so much money out there and so many people that will probably never hear about it without the aid of a professional money finder, that really, you’re right to feel a little peeved about that. You deserve a larger cut for the work you do.

Ready for some good news? Due to a loophole not many people know about, certain funds are exempted from these laws: funds that are held outside of the state unclaimed funds department. This means you can legally charge 30-50% (or more, depending on the complexity of the case) for locating and recovering people’s missing money. The big loophole, again: funds held outside the state unclaimed funds department are generally not subject to finder fee caps.

Not familiar with money finders? They’re professionals that locate funds being held by government agencies that are due to ordinary citizens, that for whatever reason remain unclaimed by their rightful recipients. These funds can come from tax and mortgage foreclosure overages and missing heir type situations, and well as countless other sources. What they all have in common is that if they aren’t claimed in time, the government gets to keep them – which means money finders are desperately needed, especially in the current economy.

If you’re already a money finder, or want to be become one, bypass state unclaimed funds. They’re too public, too easy to find, and there’s too many people already working those cases – and of course, they’re subject to those finder fee caps mentioned above. Go after the funds that are floating around outside the state unclaimed funds division – tax sale overages, mortgage foreclosure overages, dated checks, and unclaimed inheritances. These funds are almost never advertised publicly on a website, and almost always are due to recipients that have no clue they’re due the money.

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Modern Money Mechanics – An Analysis of the Impact of Individual Debt

Modern money mechanics, as described in the banking handbook with this same name, is a system whereby money is created out of debt. This system is used in nearly every civilized country and as of late has been the largest contributor to the credit crisis. I will explain this system in detail in the following sections, but as a quick foreword, your financial problems are not your fault.

Money, that pretty green piece of paper with official looking seals all over it, does not exist. Money is created out of the need for more money. I'll give you an example. The government electronically sends the federal reserve a request for ten billion dollars. The federal reserve responses and then starts to print the money and these bills become federal reserve notes. The government in turn begins to print out some official looking pieces of paper called government bonds. A 10% reserve is held out of the ten billion and the nine billion is the excessive. Because that nine billion is consitered the excessive, new loans can be created based off of that amount.

Now lets say that a bank decides to borrow the newly created nine billion dollars. You would think that the money that was created earlier would be used in the new loan, but it isn't. The other ten billion was just used as a basis for this new loan and the newly available nine billion is created out of thin air just for this bank. In fact, the process continues up to nine times, down to 8.1 billion, 7.29 billion and so on. All of this money has been created simply out of a need for it, a debt. Therefore we can conclude that money equals debt. Inflation is actually a purposefull taxation on people in order to keep the population working longer (wage slavery at it's best).

Now that you know the internal structure of it, lets consider how it affects you. We all know how inflation is a constant in our modern world, but we don't know how to combat it as a society. The fact of the matter is, if there was no debt, there would be no money. If debt equals money, and inflation means that the value of our dollar is lowering constantly, then our only choice is to get out of debt as individuals. If we get out of debt, then the value of the dollar will raise, and our banking system will take a serious hit while we reap the benefit. Imagine your little $ 25,000 a year job becoming the equivalent of $ 200,000.

So now that you realise the reprocusions of what you've just read, I recommend reading another article of mine on how to get out of debt quickly and easily.

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The Lucrative Role of the Import/Export Agent – A Great Way to Make Money From Home

Since the dawn of time, mankind has been involved in trade of some sort or another. The role of middleman followed not far behind. Today, the middleman – or agent – remains one of the most attractive business models for those with no capital to invest. And the added benefit is that, unlike franchisees, agents work solely for themselves. But, where do you begin to get into this kind of business? Well, a bright idea helps:

Here are three recent success stories:

  • Frank Audsley lives in Croydon, south of London. He’s making over €2,500 a month exporting wine to the Far East. In late 2010 he enrolled on a training course for Import/Export Agents with an utterly open mind on what sector to work in. “I really hadn’t any idea at all of what products to get started in. But one night I saw a short item in the news about Chinese people developing western tastes. A light went on my head and I went to check the course’s database of leads. I knew I’d seen a European Winery seeking export opportunities. Amazingly we had a deal agreed and the first buyers found within two months!”
  • Meryam Gul is a shopkeeper from North London. She imports Garden Fencing from India to the UK. She says “I always wanted to get involved in International Trade, as I saw relatives in Cyprus make a handsome living from it. “I discovered how to get involved in import and export without risking any capital – good news as I had few savings. The fencing opportunity just fell into my hands – an advertisement I saw alerted me to an Indian supplier seeking representation, and when I contacted him we really hit it off. I’ve since learned how to track down buyers for him, and the product is a good one and virtually sells itself. My husband looks after the shop now, I’m projecting an income of £50,000 in this, my second year of trading.”
  • Jamie Atwill is a local government worker in the Midlands. He imports organic olive oil from Portugal to Ireland and the Netherlands – “I was on holiday with my girlfriend in Galicia, where she comes from. We popped across to Portugal for the day and found this fabulous olive oil for sale at what amounted to a farm shop. We took details, but only on returning to the UK did we think about importing it here. My girlfriend did a bit of research and came up with the agency approach as the best for us – because we didn’t have any capital to spare. And just the very next day I spotted an advertisement for a home-study course the press. “Between us we got started by the end of the first manual, and within six weeks we had negotiated an exclusive deal with the farmer for Ireland and the Netherlands, and were already getting samples to wholesalers all over the two countries. We have nearly a dozen customers already buying

Making Money From Credit Card Debt – Where to Find Credit Card Debts Available For Sale

The current economic crisis has created a situation where making money from credit card debt is actually an excellent business opportunity.

The following statistics illustrate the magnitude of the problem and potential opportunity. Innovest Strategic Value Advisors, a research company, reports credit card charge-offs were $22.6 billion for all of 2007. That figure rose to $76.9 billion in 2008 and $93.1 billion in 2009.

However, to profit from such a business opportunity you first have to know where you can buy credit card debts and there are three (3) main sources where you can purchase credit card debts:

1. The Government

2. Banks

3. Loan Brokers

Let’s take a brief look at each source.

1. The Government

You can purchase loans from the FDIC (Federal Deposit Insurance Company). Loans for sale are advertised directly on their website. The information that is displayed includes the:

~ Type of loan, e.g. commercial, industrial or consumer,

~ Source of the loan, i.e. the financial institution where the loan came from,

~ Aggregate face value of the loan,

~ Average balance of each loan,

~ Status of the loan, i.e. performing or non-performing,

~ Period of time allocated for review,

~ Bid day,

~ Date by which successful bidder has to pay for the loans.

It’s clear to see the importance of this information but this is still just scrapping the surface when it comes to the analysis you should perform on each loan to make a decision as to whether or not you want to submit a bid for the loans and how much you want to place your bid for.

2. Banks

You can also purchase loans direct from your local bank and by this I don’t mean a local branch of a national bank. The manager of the latter would not have sufficient flexibility or clout to be able to negotiate the sale of any failed loans that they might have. However, with a small, local bank, if you approached your bank in the right manner, an offer to purchase failed loans which the bank has had to charge-off, could seem quite lucrative. Bill Bartmann goes through a very detailed, step-by-step procedure as to how to approach a local back with a view to purchase their delinquent loans in his book best-selling book Bailout Riches: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar.

3. Loan Brokers

Purchasing loans from a loan broker can be more expensive but loan brokers segment their loans more and so the profiles of the package of loans that they put together are more similar. And if you’re just starting out in the debt collection business then you’re likely to have greater success if you narrow your focus and not consider loans of a broad spectrum. You’ll probably also find that you’re able to make a profit faster when you take this approach.

One example of a loan broker is the NLEX (National Loan Exchange Inc). It is the “leading …

Grants For Home Repair – Money You Never Pay Back

Have you been thinking about home improvement, remodeling or extending your house but put the plan on back burner due to shortage of funds? Are you aware about grants for home repair and that you may qualify for one?

There are numerous free home improvement grants available that can actually pay off your costs for fixing your roof, installing energy efficient appliances and generally making your neighborhood secure. The funds that are required can be obtained through government grant programs. There are many private organizations also give grant money away every year.

Applying for and obtaining a grant for home repair does not require a credit check, income verification or collateral. All that is required is that you are over 18 years and a citizen. Typically, these grants are provided by local and state agencies though federal grants, but there are other places the resourceful individual can find grant money as well.

If you are approved for the grants, you never need to pay the funds back. Grants are tax and interest free and do not require repayment. As long as you are over 18 years, you can apply to as many grant programs you qualify for and keep the cash obtained. All that is essential is that you utilize the funds per the terms of the grant received.

There are numerous home repair grants available depending upon specific requirements. There are grants for repairing the home to make it more handicap friendly, adding ecological savvy appliances and even remodeling the home to fix up problems.

For more information on the currently available grants for home repair, you can access an up-to-date grant database listing the funds available in your area. The guidelines and qualification are listed along with to enable you to fill in the application and submit to get the most amount of money possible.

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The Economic and Social Consequences of Money Laundering

It can be easy to understand the impact of money laundering on the initial victims – those who lost funds as a result of the predicate crime – but there can be an even deeper, more lasting effect on society as a whole.

While some fear that Anti-Money Laundering (AML) efforts can have a damaging effect on commerce, especially in developing nations, let us take a look at a number of ways money laundering hurts us all. We'll focus on emerging nations as the impact there can be magnified to extreme proportions.

The first, and most obvious, impact is the increase in corruption and crime. In many jurisdictions that are havens for successful laundering one often finds lax concern on the part of government and / or regulators – few predicate crimes, little or no reporting, enforcement, penalties or provisions to confiscate illicit funds, etc. Those conditions can then foster bribery of government and bank officials, lawyers, accountants and others. Once that beachhead is established, it is not long before bribery turns eyes away from other, even violent, crime.

The second impact (valid in any jurisdiction) is on legitimate businesses. Where a launderer uses a front company to hide his illegal funds, it is possible, even probable, that the operations of the front company may be subsidized. This can enable the front company to sell products at or below cost, driving their legitimate competition out and opening the door for expansion by the front company. As the front company grows, it provides a greater opportunity for the launderer to move even more illicit funds. In a developing country, it would not take long for the criminal / launderer to gain control of an entire industry.

However, it must be emphasized that the launderer does not share the same objectives of legitimate business owners, who strive to maximize their returns through the profitable, ongoing operations of their enterprises. The launderer's primary concern is not his return, but the successful cloaking of the origin and ownership of the funds he controls.

It is in this disregard for normal business practices that leads to another area of ​​concern – economic distortion. Launderers often invest their money in assets or activities that are not economically beneficial to the countries where the funds are located. For example, right now, in a world where real estate prices have dropped sharply in the last few years due to the mortgage bubble bursting and other global pressures, property prices in Nairobi, Kenya are soaring – increasing 2-3 times in the last 5 years. And is it any wonder? With lax money laundering laws and a 500-mile shared border with Somalia, it is easy to guess where much of the Somali piracy ransom money has gone. This has taken home ownership right out of the hands of many hard-working Kenyans.

Such distortions can, in turn, lead to governments misinterpreting economic data. Without seeing the true economic trends of their country, leadership is prone to make decisions that are not …

The Vitamin "M" – Yes, That Is Money! Come, Let’s Find Out What Is Lost Money

We all know that money is the most important factor, for a person to survive, in the present times. There are two kinds of people in this world. The first kind is people who think money is everything, and take life, more practically; the second set of people do not really value the money, as they think life is more important and they respect emotions and feelings, more than anything else. The Free lost money is nothing; it is just the cash which is found suddenly, the same cash, which was left, unnoticed for many years. It may not be just cash; it may also include property or any valuable thing.

Free Lost money is the unclaimed cash, which reaches the government, when it is left unnoticed by the people. There are rights for the people, to claim back this money from the government, if the money or asset really belonged to the individual. In case this cash reaches the government, there are chances for losing the money, as there are officers, who take undue advantage of free moneys, properties and valuable items. The best example for free lost money is, if a person having savings account in any of the unpopular banks without the knowledge of his family and friends. In case this person expires accidentally, the cash can be misused by the agents or third parties, as there will be no person left, to claim this cash. Even the family and friends are unaware of the savings being made.

All this money comes under the category of free lost money, and it is left to the government or any of the private sector, to hand over it to the concerned people; but many a times this thing doesn’t happen, and people misuse it for their own personal needs. The Free Lost Money includes the unclaimed properties and many valuable things. Approximately, it has been estimated that nine out of every ten Americans lose money, and this money sits unclaimed with the government, for the subsequent years.

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