Tax Blog

I have a friend suffering from cancer. We are having a benefit with a silent auction for her . I would like to be able to give the potential business donors a tax exempt number so their donations would be tax deductible. How do I go about doing this? What kind of fund or paperwork do I have to do?

Alex welcomes back to the show James Traficant, a former Democrat Representative from Ohio. Traficant was railroaded and imprisoned for seven years after a tax battle with the IRS. He was featured as a guest speaker at a Tea Party Protest in Ohio and is currently planning to run for Congress as an independent in either the 6th or 17th districts of Ohio. www www.prisonplanet.tv

Tax Blog

Say a firm has a net loss of 8803 in one month and 6573 in the second month. In month three, it makes a profit (before income tax) of 20824. There are no dividends and the retained profits at the start of the month are -6573. How do I calculate income tax for that month, assuming we are taking into account the previous net losses?

Swan defends super profits tax
TREASURER staunchly defends the Rudd Government’s planned super profits resource tax.

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Tax Blog

I know about the child tax credit but heard about an additional child tax credit that I may be elidgible for. What is it and what do I need to qualify? I have one child a 5 month old little boy if that helps.

Alex also talks with Gerald Celente, trend forecaster, author, and CEO of The Trends Research Institute. Celente predicts economic depression, tax rebellions, and food riots. prisonplanet.tv www.trendsresearch.com

Tax Blog

I believe that Florida is a heaven for the rich and more difficult for the middle and low income population. Add up your sales taxes for the year and you would be suprised of how much of a low income family income goes for that tax. It is nothing for the wealthy. Doing away with the sale tax and imposing an income tax would hit the huge incomes of the wealthy much more then the poor. Lets get rid of the sales tax and get the income tax.

Council approves tax abatement
As anticipated, the Fort Payne City council approved a 10-year tax abatement on an almost $15 million investment by A.P. Plasman Corp. The council voted unanimously to do so during a brief meeting Tuesday. Mayor Bill Jordan and council members Johnny Eberhart and Red Taylor didn’t attend.

Read more on The Times-Journal