http://dkteleseminars.com Insights & Observations You Can Use to Make and Save Money Tue, 29 Nov 2011 09:46:38 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Diane Kennedy, CPA and Best-Selling Author of Loopholes of the Rich, Real Estate Loopholes and Tax Loopholes for eBay Sellers, Shares Insights & Observations You Can Use to Make and Save Money Today Diane Kennedy, CPA Speaks Out clean Diane Kennedy, CPA Speaks Out dkpodcast@gmail.com dkpodcast@gmail.com (Diane Kennedy, CPA Speaks Out) 2009 Insights & Observations You Can Use to Make and Save Money diane kennedy, cpa, taxes, audit, invest, investment, tax savings, tax strategy http://dkteleseminars.com/wp-content/plugins/podpress/images/dklogo-sm.jpg http://dkteleseminars.com/category/tax-strategies/ http://dkteleseminars.com/7-tax-changes-2010/ http://dkteleseminars.com/7-tax-changes-2010/#comments Fri, 26 Feb 2010 03:06:37 +0000 admin http://dkteleseminars.com/?p=89 http://dkteleseminars.com/7-tax-changes-2010/feed/ 0 debt forgiveness estate tax,diane kennedy cpa,federal tax rates,megan hughes,nexus,tax changes,tax deductions In this 60 minute teleseminar, Diane Kennedy and Megan Hughes cover the 7 Top Tax Changes to Watch Out For including... States are broke. Congress is trying to figure out how to pay for stimulus packages in a reduced economy & auditors are more aggressive than ever. You need good information with strategies fast! In this 60 minute teleseminar, Diane Kennedy and Megan Hughes cover the 7 Top Tax Changes to Watch Out For including: * Increased Federal Tax Rates * Reduced Deductions * Nexus Over-Reaching by States * Debt Forgiveness Income, and * Estate Tax Changes Plus, of course, you will get a step-by-step acdtion plan you can put in place right away. 7 Tax Changes to Look Out For - Only $9.95 - 57 Min MP3 (http://dkteleseminars.com/images/clicktoorder.gif) Listen to the first 7 minutes free... Diane Kennedy, CPA Speaks Out clean 6:52 http://dkteleseminars.com/opportunities-pitfalls-2009-tax-changes/ http://dkteleseminars.com/opportunities-pitfalls-2009-tax-changes/#comments Sun, 25 Oct 2009 17:30:30 +0000 admin http://dkteleseminars.com/?p=76 http://dkteleseminars.com/opportunities-pitfalls-2009-tax-changes/feed/ 1 2009 tax changes,2009 tax law We've seen more tax changes in 2009 than in almost any other year in history. Make sure your tax plan is up to date with the 2009 opportunities and pitfalls of tax law changes. Here's who needs this information... We've seen more tax changes in 2009 than in almost any other year in history. Make sure your tax plan is up to date with the 2009 opportunities and pitfalls of tax law changes. Here's who needs this information: * Anyone making over $100,000 per year in income * Anyone who itemizes their deductions * Anyone who has a business * Anyone who owns a home * Anyone who has real estate investments * Anyone who expects their income to go up or to go down in 2010. If that describes you, this seminar could save you hundreds of dollars in tax. Get 2009 Tax Opportunities & Pitfalls Teleseminar - Only $9.95 - 55 Min MP3 (http://dkteleseminars.com/images/clicktoorder.gif) Listen to the first 7 minutes free... Diane Kennedy, CPA Speaks Out clean 9:33 http://dkteleseminars.com/audit-proof-your-tax-return/ http://dkteleseminars.com/audit-proof-your-tax-return/#comments Tue, 05 May 2009 17:42:23 +0000 admin http://dkteleseminars.com/?p=51 http://dkteleseminars.com/audit-proof-your-tax-return/feed/ 0 audit proof,irs audit,tax return audit The IRS is on a major attack! - They are now sending out audit teams to select groups of taxpayers. If they select you for audit, and you don't pass the initial round of questions, you can expect a long, expensive process. (http://dkpodpics.s3.amazonaws.com/auditproof.gif) The IRS is on a major attack! They are now sending out audit teams to select groups of taxpayers. If they select you for audit, and you don't pass the initial round of questions, you can expect a long, expensive process. The average IRS audit costs $5,500 in taxes. But, that's just the beginning. You probably will have an additional $2,750 in penalties and interest. Plus you can count on $2,000 or more for professional guidance. If you fight the assessment, add another $10,000 or more in fees. All told, that little IRS notice will probably mean you need to be ready to write a check for at least $10,000. Learn how to avoid the red flags that are certain to mean an IRS notice with this 52:11 teleseminar by CPA and Tax Strategist Diane Kennedy. Get TeleSeminar & Transcript - Only $9.95 (http://dkteleseminars.com/images/clicktoorder.gif) Listen to the first 7 minutes free... Diane Kennedy, CPA Speaks Out clean 7:46 http://dkteleseminars.com/opportunities-in-the-new-economic-stimulus-act/ http://dkteleseminars.com/opportunities-in-the-new-economic-stimulus-act/#comments Tue, 05 May 2009 17:19:53 +0000 admin http://dkteleseminars.com/?p=47 http://dkteleseminars.com/opportunities-in-the-new-economic-stimulus-act/feed/ 0 economic stimulus,recovery act The new Economic Stimulus Bill is official. It’s now the American Recovery and Reinvestment Act. The purpose of the bill is to preserve and create jobs and promote economic recovery. The target, at least according to the bill itself, The new Economic Stimulus Bill is official. It’s now the American Recovery and Reinvestment Act. The purpose of the bill is to preserve and create jobs and promote economic recovery. The target, at least according to the bill itself, is to help those most impacted by the recession itself. Let’s get started with the tax pieces from the new Act: There is nearly $300 Billion in Tax Relief in the Act. Unfortunately, it’s not quite as easy as giving the government a phone call and telling them where to send the check. The tax provisions add many new tax breaks and significant enhancements to existing credits. Major provisions include a new Making Work Pay credit, enhancements to the child tax credit and first-time home buyer credit, a 2009 alternative minimum tax (AMT) patch, taxpayer-friendly additions to many energy incentives, extensions of 2008 bonus depreciation and increased Section 179 expensing, along with a 5 year NOL carryback for small businesses, state and local government relief. All told, there are 300 changes to the IRS Code. If you’ve been following the House and Senate versions, it’s important to note that a lot of the initial tax provisions were pared back or eliminated completely. Okay, let’s go through the individual incentives first: Making Work Pay Credit The new law includes Pres Obama’s pet project - the Making Work Pay credit. This allows a credit against income tax in an income equal to the lesser of 6.2 percent of the individual’s earned income or $400. That would be $800 for a married couple filing jointly. The credit will apply retroactively to the start of 2009 and extend through 2010. The credit applies in full for individuals whose modified adjusted gross income does not exceed $75,000 or $150,000 in the case of married couples filing jointly. The credit is phased out at a 2 percent rate above that limit. The employer’s share of FICA, in other words 6.2%, would remain the same. Qualified taxpayers would take this credit through a reduction in wage withholding or in a lump sum when filing their returns for the tax year. Earnings from self-employment also qualify to the extent they are taken into account in computing taxable income. Individuals who do not provide a Social Security number on there return are ineligible. You have to work to get the Making work Pay credit. If you are a dependent that can be claimed on someone else’s tax return, you can’t get the credit, even if you do work. NOTE HERE: If you’re high income and claiming your working children as dependents, you might want to rethink that. Your exemptions might be phasing out, so there is no benefit for you, and your children could get a little tax credit plus the benefit of the exemption. $250 Economic Recovery Payment The new law provides onetime payments of $250 to individuals on fixed income. This reduces any Making Work Pay credit to which the individual would otherwise be entitled... Visit Diane Kennedy's Tax LoopHoles (http://www.taxloopholes.com/) - the ultimate source for paying less taxes legally for more great information. Opportunities in the new Economic Stimulus Act Teleseminar Listen to Diane Kennedy discuss the opportunities available in the new Economic Stimulus Act. You can download the FREE 48-Page Transcript (http://dkpodsfree.s3.amazonaws.com/oesa-transcript.zip) here. Diane Kennedy, CPA Speaks Out clean 57:24