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What Are The Benefits Of Hiring A Tax Advisor?

Category : Financial Services

By Geoff Spencer

When deciding to get involved with a real estate transaction normally the first person you would think to consult would not be a tax advisor. Most people will find however that a tax advisor can provide them excellent feedback about the positive points as well as the downfalls of different investment strategies in the real estate world. You want to make sure that your tax person specifically has experience with real estate investing and is fully aware of the goals and needs for property investing.

Although it is very likely that you can learn a lot about on your own about property investing it is a wise idea to speak with a tax professional because you should not rely on generic information alone. You are wise to seek out specific information tailored to your exact needs and what types of property investments are going to work best for your particular situation.

People are going to be seeking different benefits from other property investors based on their income and other important issues. The majority of real estate investors out there today are looking for immediate cash from the sales of their properties. However there other real estate property investors that are currently in a great financial situation and are simply looking for properties that will help them live comfortably in your retirement years. Just about all people that are into property investing are looking for tax benefits to enjoy.

[youtube]http://www.youtube.com/watch?v=t6_Arz39sH8[/youtube]

The primary role of your tax professional should be to recommend the tax strategies and investments that will best maximize their client’s financial position.

An experienced tax advisor that has a good amount of experience in real estate and property investing are going to be able to tell their clients what the best type of investment situation for their clients. Whether it is direct ownership or through some type of leasing situation. Your tax professional will be able to let your know if you will be able to meet all the tax benefit requirements that you are seeking should you decide to hire a management team to deal with landlord/tenant issues.

There is also the possibility that you can find out that you qualify for different tax benefits that are given to property investors that also qualify as real estate professionals. Attaining these qualifications is not easy and there is a good chance of an IRS audit if you take these benefits. Your smartest move before getting into property investing is to consult with a tax professional to find out all the potential pitfalls and benefits involved.

About the Author: Geoff Spencer is a staff writer at

Investor’s Journal

and is an occasional contributor to several other websites, including

Online Business Gazette

.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=90568&ca=Real+Estate


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On the campaign trail, April 2012

Category : Uncategorized

Saturday, May 5, 2012

The following is the sixth in a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail, a candidate that ended his presidential campaign speaks to Wikinews about what he learned from the experience and his new plan to run for U.S. Congress, Wikinews gets the reaction of the new presidential and vice presidential nominees of the Constitution Party, and the campaign manager for the top Americans Elect presidential candidate provides insight on the campaign’s list of potential running mates.

Contents

  • 1 Summary
  • 2 Presidential candidate drops bid; announces congressional run
  • 3 Constitution Party presidential and vice presidential picks react to nomination
  • 4 Top Americans Elect candidate announces ’23’ potential running mates
  • 5 Related articles
  • 6 Sources

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Google launches Google Spreadsheets

Category : Uncategorized

Tuesday, June 6, 2006

Google has launched an online spreadsheet site, in a private beta.

The site will allow spreadsheets to be shared between up to 10 users, which is aimed to be useful to teams and small businesses. “Many people already organise information into spreadsheets. Where they are struggling is to share it” said the product manager, Jonathan Rochelle.

Google recently bought the online word-processor Writely, launched a calendar product, as well as a desktop search tool. Many see this as them straying into Microsoft‘s markets.

Google Spreadsheets uses very advanced AJAX (Asynchronous Javascript And Xml) and Client Side Scripting to mimic very effectively it’s desktop counterparts’ functions.

It is surprisingly fast, has very good formatting and advanced formula support, but best of all it has complete support for Microsoft Excel .xls files, and very good collaboration: just enter the e-mail address and you can share easily.


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Federal Opposition hounds Treasurer over appointment to RBA board, Gerard resigns

Category : Uncategorized

Friday, December 2, 2005The Australian Federal Opposition has hounded the Treasurer, Peter Costello, over the appointment of Robert Gerard to the Reserve Bank of Australia (RBA) board. Mr Gerard announced on Friday 2nd that he will resign from the Board, citing the events of this week as the reason.

On Tuesday, November 29, Wayne Swan, the Shadow Treasurer asked of Costello in the first question of Question Time about an apparent statement that Costello made to Gerard, namely, “I know there’s an issue with the Tax Office but I don’t have a problem with you on the board”. Costello responded that he had no problem with Gerard, noting that “he brings a great understanding of Australian manufacturing industry to the board”, and that the obligatory declaration of interest was “indeed was signed by Mr Gerard”.

Later it was said by Swan in the House of Representatives that Gerard’s company was using “tax havens as tax avoidance schemes to the value of $150 million” and that the declaration of interest mentioned was only in regard to his personal affairs and on asking the Treasurer when he knew this, claimed that him actually knowing the information “would breach the secrecy act”. Later Swan revealed that Gerard “and his corporate vehicles” have been “susbtantial donors” to the Liberal Party. Costello maintained that the Government “[does] not think that supporting the Liberal Party is a disqualification from holding ministerial office, prime ministerial office, Treasury office or other offices in Australia”

Swan moved a censure motion to “provide this House with a full and proper explanation of…his communications with Mr Robert Gerard…and his knowledge of Mr Robert Gerard’s dispute with the Australian Taxation Office…”, which failed in the Government’s favour with votes 83 to 59 in division.

On Wednesday, November 30, Swan opened the House in a movement to suspend standing orders again to get information from the Treasurer, stating that “The Treasurer is in real strife” before the Parliamentary Secretary to the Treasurer moved the gag. In Question Time, the Opposition continued to ask every question in regard to the appointment of Gerard. The Leader of the Opposition Kim Beazley revealed in his question to the Treasurer that “some of his cabinet colleagues have privately said that they did not consider Mr Gerard was ‘a good choice’ in the first place for the Reserve Bank board”. The Treasurer responded that Gerard’s “appointment was supported by allmembers of the cabinet”

In the subsequent Matters of Public Importance debate, the matter selected was that proposed by Wayne Swan, namely, “The need for the Treasurer to uphold the highest standards of probity in the selection of candidates for the Reserve Bank Board.”

On Thursday, December 1, the Opposition again reserved a number of its questions for inquiring about Gerard’s appointment. Swan revealed in a question to the Treasurer that Gerard Corporation had “acquired an investment company in the tax haven of the British Virgin Islands eight months after the Treasurer recommended his appointment to the Reserve Bank board”. Costello responded to Swan referring him to “a statement about that allegation in the Australian Financial Review today…in which he makes it clear that no incomehas been derived.”

Later, the Leader of the Opposition tried to move a censure motion on the treasurer, but leave of the House was not granted, so he had to resort to moving a motion to suspend standing orders to move the same motion, to censure the Treasurer for his appointment. The motion failed due to Government numbers, but the Matters for Public Importance (which follows Question Time) which was selected as “The need for the Government to govern for all Australiansnot just a privileged few.” in order to draw a comparison with the unequal treatment of the Treasurer in supporting Gerard and the new industrial relations legislation, dubbed WorkChoices, and said how the Treasurer and the Prime Minister were “laughing up their sleeves”, that the Treasurer was “not fit to lead”, and Gerard “is the worst attendee on the Reserve Bank board.”

The Minister for Workplace Relations, Kevin Andrews, however focused elsewhere on the MPI, and drew the attention of the Australian Labor Party‘s ties to the unions, had described the Opposition as a “policy free zone”, said that “there is one group that represents privilege in this place and that is the Australian Labor Party”, and stressed the benefits of WorkChoices.

Craig Emerson noted that the Queensland branch of the Liberal Party participated in “deliberate tax evasion”, and that Mr Gerard “paid penalty tax in circumstances of deliberate tax evasion”. Emerson later said that the Liberal Party was “soft on tax cheats”, “soft on tax cheating Liberal Party donors…and members”.

The adjournment debate also brought up criticism of Gerard’s appointment in the adjournment debate. Christopher Bowen noted the “disquiet” in the media, and noted the previous Board member Bernie Fraser also calling for his dismissal. Bernard Ripoll called for a “full inquiry” into the Government’s “self serving public policy”.

Swan has said that Gerard had done the “honourable thing”, but that he will not let up on pressing the Treasurer for a full disclosal of the facts.

The House of Representatives as of this date sits next on December 5, 2005.


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An account of the Esperanza Fire from an animal rescuer

Category : Uncategorized

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

Saturday, December 2, 2006

As families fled their homes in the early morning hours on Thursday October 26, there was no warning. The Esperanza Fire southeast of Los Angeles and West of Palm Springs, California, had ballooned under the influence of Santa Ana winds to more than 19,000 acres as of the morning of October 27. No time to get the animals, no time for crates or even a leash. Sadly, owners left behind not only their horses, lamas, donkeys, chickens, rabbits, but also their dogs and cats.

Many of the families who did manage to evacuate their pets found themselves in the parking lot at the Fellowship in the Pass Church Red Cross Shelter where a MuttShack Animal Rescue team caught up with them.

Pam Anderson, Director of the emergency Red Cross shelter said that many people with animals had come and left.

The air was thick with smoke, and ash was raining down on the parking lot where dog owners, not able to take their dogs into the shelter were camping out in pup tents andin their cars.

Those who could afford it checked themselves into pet friendly hotels in nearby towns.

Some were prepared. Jane Garner, a small dog breeder was able to get all her animals out, and had set up her puppy runs alongside her RV in the parking lot. Others were not doing too well, having left home without as much as a leash.

The same scenario played out at the Red Cross shelter at Hemet High School. Animals were being boarded in vans, trailers and cars and small travel crates.

When MuttShack Animal Rescue arrived, a small fracas had sent several dogs off in different directions, running out of the school parking lot down busy streets necessitating an instant rescue response.

The Incident Command for the Esperanza Animals, Ramona Humane Society in San Jacinto welcomed MuttShack‘s offer to help at the shelters.

Ramona Humane Society had recently published a notice in their Newsletter about the newly passed “PETS Act”and warned owners not wait until a major disaster such as an earthquake or fireto prepare. “Be proactive to ensure that your pet will be taken care of.”

MuttShack and PetSmart Charities set up ad hoc facilities for the animals at both shelters.

The Red Cross shelter, run by Madison Burtchaell of the Orange County Red Cross was very accommodating about allowing a small emergency pet shelter adjacent to the School.

Barbara A. Fought of PetSmart Charities, an organization that works with animal welfare organizations and provide assistance in disasters, provided crates and emergency supplies.

MuttShack and Red Cross volunteers, Martin St. John, Tom Hamilton, and Steve Meissner helped assemble the crates to secure a safe environment for evacuated pets.

It was a great relief for evacuees who had camped out in the parking lot to finally leave their vehicles and relax at the shelter, setting up their cots to grab some sorely needed rest.

Firefighters and residents reported loss of wildlife and animals. The Esperanza fire burned 34 homes, consumed 40,000 acres and cost five Firefighters their lives before it was contained four days later on October 30. Firefighting operations cost nearly $10 million.

MuttShack Animal Rescue is a 501(c) 3 non-profit organization active in disasters and dedicated to the rescue, rehabilitation and care of lost or discarded dogs, cats and other animals.


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UK cable TV operator NTL acquires Telewest

Category : Uncategorized

Wednesday, October 5, 2005

United Kingdom cable TV operator NTL has agreed to buy Telewest Broadband for $6 billion USD (3.4 billion pounds). NTL’s and Telewest’s service territories do currently overlap. The acquisition is expected to save the companies 1.5 billion pounds.

NTL has agreed to pay $23.93 for each Telewest share, in cash and NTL stock. Current Telewest shareholders will own approximately 25 percent of the combined company. While both companies operate exclusively in the UK, they are listed in New York on the U.S. NASDAQ exchange.

Once the acquisition is complete, the combined company will have 5 million customers in the UK . Competitor British Sky Broadcasting (BSkyB) has almost 8 million. The combined company will also be the second-largest residential telephone company in Britain behind BT Group plc.

If the deal is approved, regulators and both companies shareholders’ should close in the first quarter of 2006.


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Ontario investigators search for the body of Victoria Stafford

Category : Uncategorized

Thursday, May 28, 2009

Police forensic investigators in Canada continue the search for the body of eight-year-old Victoria Stafford, whom they now believe was murdered on the same day she was abducted, April 8, 2009 from her Woodstock, Ontario school.

Counselors have been providing support to students at Oliver Stephens Public School.

There have been two arrests made, one for the first-degree murder and abduction of Tori Stafford and the other person has been charged with being an accessory and abduction. The next court appearance is May 28.

Police and neighbours say that the parents of Tori may have been familiar with at least one of the abductors.

The search continues for the body of Tori as well as the rear seat of a vehicle connected with the abduction. The search area is around Guelph, and Fergus north east of Woodstock.

Police are seeking information about a blue 2003 four-door Honda which is believed to be blue with black spray paint on large portions of it. Investigators believe it to have been in the Home Depot parking lot in Guelph on the evening of April 8, the day of the abduction.

The grey cloth covered back seat from the above vehicle is missing and police are seeking to recover it. Police have been combing rural areas and scouring lake bottoms in the hopes of turning up more evidence.

“We continue to receive information on all different parts of the investigation and each piece of lead or tip, if you will, is being investigated as far as it can take us,” said Laurie-Anne Maitland, an Oxford Community Police Constable. “If I were her parent I would want to have that ounce of hope too until I knew 100 per cent. I think it’s the nature [of people to hope for] one possible little miracle … and it’s not [possible].”

Woodstock, the home town of Tori is located in the county of Oxford, and the search has spread out to the neighbouring county of Wellington. The city of Guelph is located about 42 miles (68 km) to the north east, and Fergus which is north of Guelph is about 57 miles (92 km) from Woodstock.


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“No H5N1 virus” found in blood tests of suspected human Bird Flu cluster

Category : Uncategorized

Thursday, August 3, 2006

Preliminary tests performed on samples taken from six villagers in the Kabanjahe District of Sumatra in Indonesia have tested negative for the deadly H5N1 Avian Flu virus.

“Investigations by the ministry of health lab and Namru, too, on August 2 and 3 on all specimens collected from the suspected cases in Kabanjahe district came up negative,” said Indonesia’s health minister, Siti Fadilah Supari.

Final test results are expected in at least seven days from the Center for Disease Control (CDC) in Atlanta, Georgia. “The World Health Organization (WHO) requires human samples to be sent to one of WHO’s six collaborative centres. So, we only need to send them to CDC Atlanta as it has worked with the U.S. NAMRU-2 lab here,” added Supari.

Supari also stated that all individuals are suffering from the “common flu.”


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Wikinews interviews Frank Moore, independent candidate for US President

Category : Uncategorized

Saturday, March 1, 2008

While nearly all coverage of the 2008 Presidential election has focused on the Democratic and Republican candidates, the race for the White House also includes independents and third party candidates. These parties represent a variety of views that may not be acknowledged by the major party platforms.

Wikinews has impartially reached out to these candidates, throughout the campaign. We now interview independent Presidential candidate Frank Moore, a performance artist.


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2007 Taipei IT Month exposed problems on traffic jams

Category : Uncategorized

Thursday, December 13, 2007

Although the 2007 Taipei IT Month closed last Sunday (December 9), it attracted more than 750,000 people to visit the show, but it exposed some problems especially on the traffic factor.

Generally on weekdays (December 3-7), the traffic jam at Shi-fu Road often took place in the afternoon as many schools visited the show and several sightseeing buses sometimes parked there for patronages on students. In comparison with Sung-shou Road, Shi-fu Road was sometimes obstructed but not as serious than on weekends because the official shuttle buses played a key role on transportation.

On the opposite way of two weekends (December 1, 2, 8, and 9), it exposed traffic problems as many people visited the show, even though the Traffic Division of Taipei City Police Department set medians around the Taipei World Trade Center and the Taipei 101, and it apparently decreased violations on illegal crossing, Shi-fu Road and Sung-shou Road were still trapped in traffic jams than on weekdays.

Before the launch of the TWTC Nangang in March 2008, governments and show organizers will focus on the traffic issue at the Taipei World Trade Center during the construction of the MRT Taipei World Trade Center Station.