Norman Dodd On Tax Exempt Foundations

July 31, 2010 by tax explained  
Filed under video

Norman Dodd was interviewed in 1982 by G. Edward Griffin regarding the time he spent as the head researcher for the Reece Committee. This is a truly eye opening look into what the tax exempt foundations are doing in the United States - their attempt to merge the Soviet System of Government with the USA.

Tax on Short Sale, Loan Modification and Foreclosure - 1099c Cancellation of Debt Income

July 29, 2010 by tax explained  
Filed under video

realestatemarketingthisweek.com - If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney - Part 8 - So with the real estate market, we know here in Arizona, there are literally hundreds of thousands, maybe millions of people that are confronted with a very difficult decision, declining home values, upside down in the home, the home value is worth much less than they actually owe, we need to give them options. If the option is foreclosure, short sale or loan modification, I would take the modification approach, most likely we would have to look at a person’s situation a little bit closely, but as I am going down some of the things that we have prepared for the show today, it looks like there are four main issues that people should know they need to consider, the cancellation of debt income, capital gains tax issue, the deficiency judgments side, and the credit report side and Mike, I know you can talk to some of these things. But we brought up in the first segment what I think this might represent and then I think we started to talk about how Mike can help people minimize the impact of what that would look like on the tax return or eliminate based on the situation, so let’s make sure that the people know these four concerns are something they should consider as they seek advice. Absolutely, and it’s really important that you talk to each arm of the team. You’re not going to be able to make all of these decisions

IRS Tax Fraud & How TO Hide Your Assets Offshore pt.2

July 27, 2010 by tax explained  
Filed under video

www.blackhistorychannel.org

LeBron James In Miami Over Taxes? BS!

July 23, 2010 by tax explained  
Filed under video

New TYT Facebook Page(!): www.facebook.com Subscribe to the FREE Video Podcast on iTunes: bit.ly Follow us on Twitter: twitter.com DISCOUNTS: www.theyoungturks.com FREE Movies(!): www.netflix.com Note: The above two links are for TYT sponsors. Read Ana’s blog and subscribe at: www.examiner.com TYT Network (new WTF?! channel): www.youtube.com Check Out TYT Interviews www.youtube.com Watch more at www.theyoungturks.com

President Obama’s Deferral Proposal: Hamstringing American Companies, Reducing American Jobs

July 19, 2010 by tax explained  
Filed under video

President Obama’s proposal to severely restrict “deferral” will cause a significant tax increase on American companies trying to earn market share in other nations. For all intents and purposes, the White House plan is protectionism, but the target is American companies rather than their foreign rivals. This Center for Freedom and Prosperity Foundation video explains why this misguided policy will reduce exports from America and reduce jobs in America. For more information: www.freedomandprosperity.org

Taxes on Short Sale, Loan Modification and Foreclosure - 1099c Cancellation of Debt Income

July 17, 2010 by tax explained  
Filed under video

realestatemarketingthisweek.com - 1099 C is for Cancellation of Debt Income Only, not for Interest Rate and Payment Reduction - Part 4 - So for people who find themselves in a very difficult situation considering these options whether it’s a loan modification or a short sale, whatever they need to do to relieve themselves of this particular burden of a mortgage, that for whatever reason they’re no longer able to maintain, they are not always considering the tax ramifications associated with taking a specific course of action, like this example the short sale option. Right there is actually two pieces of tax component here, you have the forgiveness of debt income that we talked about, they still have the fact that you sold your house and you have to see if there was a gain on that. Over and above the cost basis of the home. We talked about the 1099Cs a few moments ago, did you say that the lender sends a copy of the 1099C to the IRS? Absolutely. Now I’m the guy for a few minutes ago who bailed on 0000 and sold it for 0000 am I going to get a copy of the 1099C if I haven’t given my lender my new address. Well that could be a problem, they will send it to the last address they have on record for you. And as a homeowner it’s my problem. The IRS will get a copy, so they will look for it on your return, if you forget to put it on then you’re going to get a friendly notice from the IRS. If somebody is going to do a short sale, its a fairly civil transaction and when I say

Loan Modification and Foreclosure - Taxes on Cancellation of Debt - RealEstateMarketingThisweek.com

July 15, 2010 by tax explained  
Filed under video

realestatemarketingthisweek.com - Beware of grandiose claims when dealing with a loan modification firm - Part 7 - You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. So they really understand what this means to them. You have three strategic partners, each of them experts in their field, sitting around these microphones in the studio talking about how these factors have an impact on the listening public, the people listening to this station right now. Velocity Financial is an expert in all things mortgage related. It represents the largest asset many people have in terms of their home. What were talking about is, we know the economic pain that exists, you probably read that Arizona has the dubious distinction according to the Case-Schiller index of having the highest property value declines in the country. People are feeling some pressure here and for those people who want to consider what a loan modification might do for them, should call you and talk about what that represents. Then from there, you can refer them to people like Mike Patenella to talk about the tax ramifications, Mike can speak to some of those items and I can talk about their overall financial planning. But to start with let’s talk about what the loan modification process really represents and who can benefit from. We have talked about all the different things you can do with

JOHN RAMSEY: Turbo Tax Contest Submission

July 9, 2010 by tax explained  
Filed under video

Thanks to Turbo Tax and all those that voted. I am thrilled to have won. Please take the time to check out my other videos, especially those at Ramsey Bros Pictures: www.youtube.com Subscribe if you are so inclined. Jokes written for Turbo Tax Stand Up Comedy Competition. Performed at Cap City Comedy Club on January 29th, 2008.

Penn & Teller Bullshit! - Taxes 1/3

July 5, 2010 by tax explained  
Filed under video

Season 7, episode 7.

Six Reasons Why the Capital Gains Tax Should Be Abolished

June 28, 2010 by tax explained  
Filed under video

The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax reform plans, such as the flat tax and national sales tax, eliminate the capital gains tax. Unfortunately, the President wants to boost the official capital gains tax rate to 20 percent, and that is in addition to the higher tax rate on capital gains included in the government-run healthcare legislation. www.freedomandprosperity.org

Next Page »