|
|
Christian InTech Articles - Mobile Cell Phones
|
10 Traits of a Good Team Member
What attributes do you look for in a team member? What is the mix of attributes, traits, skills, talents that you should gather into your team? Here are the top 10 attributes of a good team member.
Words Count: 620 words...
Parenting and Running a Home-Based Business
An Ann Landers column "Parenthood is not a job for the weak at heart" caught my interest.
Job Description for a Parent
Position: Parent
Job Description: Long-term player needed for challenging, permanent work in chaotic environment....
Rapid Culture Change is Possible Part 1 (of 2)
Purpose: Show how immersion leadership training makes strategic initiative success possible. Adults learn through experience. We learn behaviors through experience. This is the flagpole fact of the educational world. This flag is visible for...
Slash Your Phone Bill in Half Now!
Rip Out Your Phone Lines
I hate the phone company. Reading my phone bill is like reading hieroglyphics. I thought that the break up of ma bell was suppose to make it easier for the consumer. We were suppose to get more choice. The choices...
SO YOU WANT TO START A WEB BUSINESS - WELL LET ME TELL YOU SOMETHING.......
Like a lot of people, we often thought about having our own business, but weren't sure what to do. One day my wife, Kim, was talking to her brother, Chris, and he started to talk about his six pack abs. Not to let an opportunity to needle my...
|
|
| |
|
|
|
|
|
|
10 Items You Need For Your 2005 Tax Return
The following list includes the 10 items you are likely to need
when preparing your tax return. Although you may be required to
provide additional information, this list brings you the most
common items we have identified based on hundreds of our
clients' tax returns.
1. IRS form W2 -
summarizes your annual taxable wages, federal income tax
withheld, social security withheld, Medicare withheld and state
income tax withheld. Additionally your contribution to an
employer based retirement plan is also listed on the W2.
2. Rental Income and Expenses, Cost of Property, Date property
placed in service -
Rental income include actual payments received by the tenants
during the tax year. As a cash basis tax payer, do not include
any payments still owed by the tenant for the year, only
payments received. Rental expenses include: management fees,
mortgage interest, insurance, condo fee, cleaning, utilities,
advertising, travel to and from the property, real estate taxes,
legal and other professional fees and brokerage commissions.
Cost of property and date placed in service are necessary to
calculate depreciation.
3. Family members: Names, DOB, Social Security Numbers, Full
Address -
To calculate personal exemptions, child tax credit, education
credit, and child care expanse credit. Additionally EIC ("Earned
Income Tax Credit") is also calculated using this information.
4. Mortgage Interest Payments in 2005 (or form 1098) -
form 1098 summarizes your annual mortgage interest payments and
any real estate taxes paid through your mortgage escrow account.
5. Property tax payments in 2005 (or form 1098) -
If you pay your real estate taxes independently of the mortgage
escrow account you will need copy of your property tax year for
the year or copies of cancelled check with which you paid your
property tax.
6. Child care expenses paid in 2005 (for each child and per
child care provider) -
The information necessary to calculate child care expenses
credit includes names and social security numbers of the
children, names, addresses and tax ID numbers of the day care
providers.
7. Amount of money taken out from 401K (or form 1099-R) -
The IRS requires that your 401K company reports to you on IRS
Form 1099-R any distributions that you took from your retirement
plan last year even if you rolled them into another plan. The
same information must be submitted to the IRS.
8. Interest / Dividend Income (US or foreign) (form 1099-INT,
1099-DIV) -
Those forms summarizes the interest and dividend
payments you
have received during the year from your bank, brokerage firm or
any other U.S. source. The information provided to you is also
submitted to the IRS.
9. Stock Sales and cost (form 1099-B) -
Summarizes the proceeds you have received from selling stocks
during the year. The form lists the symbol of the stock sold,
date of sale and number of units sold, proceeds received and
commission paid. To calculate capital gains or losses you must
assign cost to each of the stocks you have sold, and then need
to group the stocks into 2 categories: long term (stocks held
for a year or more) and short term (stocks held for less than a
year).
10. Business Income and Expenses (or employee un-reimbursed
expenses) -
* Home office - if you use portion of your residency as home
office * Job search - resume writing, interview travels, fax and
phone calls, retainer paid to a job search firm * Professional
expenses - courses and licenses * Investment expenses - margin
interest * Travel - business travel or work related travel *
Seminars - to keep you up to speed * Professional literature -
books to maintain your experience and knowledge * Tax
preparation expenses - payments to tax advisor or tax software *
Legal expenses - if it was paid to generate income
Tax USA Inc. ------------ Tax USA, Inc. is a complete tax,
accounting and financial management firm specializes in small
businesses, corporations and high income individuals. Tax USA
Inc.'s mission is to exceed clients' expectation by providing
superb tax, accounting & financial Management services. We offer
our clients tax, accounting and bookkeeping services, CFO
Outsourcing, Budget Review and Business Plans, Cash Flow
Management, Payroll Services and Entities' Incorporation.
Our Clients We focus on small and mid size businesses,
non-profit organization and high income individuals. Client list
comprised of corporations, non-profit organizations and
high-tech employees. Our corporate clients operate in various
industries:
- Security - Information Technology - Internet - Retail -
Manufacturing - Transportation - Real Estate - Project
Management - Business Development
About the author:
ARIK ROZEN, CPA --------------- Mr. Rozen is a certified Public
Accountant; holds a BA in accounting and M.B.A. (majored in
Finance). Mr. Rozen has 15 years of experience in tax, public
accounting and financial management, serving in a range of
executive financial positions and as an independent CPA for
various companies and organizations. Mr. Rozen has specialized
in accounting and taxation of micro and small businesses.
|
|
|
|
|
|
