http://www.cpaneeds.com/blog Providing information on issues with income taxes for individuals and small businesses. Also tracking current market trends in the real estate industry Sat, 27 Mar 2010 15:38:18 +0000 http://backend.userland.com/rss092 en I have enclosed a link to an article from the Tax Lawyer's Blog on how the IRS and State tax agencies are utilizing social media sites such as Facebook and LinkIn to gather information on taxpayers. Please click on the link to read the article. http://blog.pappastax.com/index.php/2010/03/17/irs-uses-twitter-facebook-and-google-street-map-to-catch-tax-cheats/#more-15343 http://www.cpaneeds.com/blog/?p=39 Although not a recent post I came across  a post from I a blog I follow.   http://blog.pappastax.com/index.php/2009/07/30/who-pays-taxes-top-1-of-pay-more-than-bottom-95/ The link will take you the Tax Lawyers blog site where a full summary of the article can be found. These statistics are an eye opener and really shows the unjust burden of the Top ... http://www.cpaneeds.com/blog/?p=36 I wanted to follow up on my previous post dated 10/30/09 regarding the potential extension of the home buyer credit. Below you will find information on the bill which extended the first-time home buyer credit.   Yesterday President Obama signed a $24 billion economic stimulus which included an extension of the first-time ... http://www.cpaneeds.com/blog/?p=34 With 1.4 million taxpayer claims and a cost of $10 billion dollars through August 2009, the First time home buyer tax credit will likely be extended through the middle of next year 2010.  Stakeholders from both the National Association of Realtors and the Mortgage Brokers Association have urged congress to ... http://www.cpaneeds.com/blog/?p=32 Recommended Reading- Article by LINGLING WEI in the Wall Street Journal Online. Commercial real-estate loans are going sour at an accelerating pace, threatening to cause tens of billions of dollars in losses to banks already hurt by the housing downturn.  Read More   http://www.cpaneeds.com/blog/?p=30 A key factor in indicating the turning point of the economy from  the current  recession will be the recovery of the housing market. As we head in to 2009 we will continue to see corporations become "efficient" aka layoff additional workers adding to the unemployment rate. Job losses are projected ... http://www.cpaneeds.com/blog/?p=28 The Emergency Economic Stabilization Act of 2008    On October 3rd, President Bush signed into law The Emergency Economic Stabilization Act of 2008.  The law termed as a “financial bailout”, includes over 100 tax provisions and $150 billion in tax breaks over 10 years, with the majority of the relief outlaid in ... http://www.cpaneeds.com/blog/?p=27 Working with real estate owners and investors of all sizes, providing timely and effective services to meet the demands of clients. Let’s start building a relationship today! We are committed to helping clients realize value and savings through effective tax planning. We emphasize ongoing tax planning, timely communication and working with you ... http://www.cpaneeds.com/blog/?p=23 Recommended Reading— Article by the National Association of Realtors The nation is in for more than a year of stagnant job creation and tepid economic growth that will set the stage for marked improvement in 2011, according to two of academia’s respected authorities on the economy and commercial real estate..… read more       http://www.cpaneeds.com/blog/?p=20 Recommended Reading— by Matt Hudgins for National Real Estate Investor Activity is slowing in commercial real estate sectors in response to tightening credit and slow economic growth, according to the latest Commercial Real Estate Outlook of the NATIONAL ASSOCIATION OF REALTORS®. Lawrence Yun, NAR chief economist, says problems on Wall Street are ... http://www.cpaneeds.com/blog/?p=19