The Future of Tax-Exempt Credit Counseling is Featured Topic at Industry Conference
(ContentDesk) October 27, 2005 -- A featured presentation at the American Association of Debt Management Organizations (AADMO) Fall Conference will examine the denials and revocations of 501(c)(3) tax-exempt status to credit counseling agencies, the non-profit elements of state law, the development of for-profit agencies and the business models that will be required to stay in business. The future of tax-exempt status for credit counseling agencies is the most important issue facing the industry. Given the on-going wave of denials of 501(c)(3) tax-exempt status to credit counseling agencies by the IRS and the its recent announcement that it intends to revoke the status of 20 credit counseling agencies representing half the entire industry by revenue, this may be one of the most important presentations available for credit counseling, said Mark Guimond, Executive Director of the American Association of Debt Management Organizations (AADMO), the trade association for the credit counseling industry. Credit counseling agencies need to know now what is happening with the IRS treatment of the industry and learn what business models and processes are available for the future. If agencies want to survive, they need to know the facts, added Guimond.The American Association of Debt Management Organizations (AADMO) Fall Conference will be held on November 8 and 9, 2005 in Scottsdale, Arizona.ABOUT AADMO AADMO is the credit counseling and debt management industrys largest trade association. It is an industry education and advocacy organization whose mission is to promote and ensure the continued operation and viability of credit counseling and debt management organizations. AADMO provides its members and the consumer public with information about the credit and debt counseling industry.
AADMO members are consumer credit counseling agencies, debt management organizations, credit counselors, personal finance educators, credit and debt information educators, consumer lawyers and many others. AADMO is the only trade association to have held state law compliance workshops with the New York State Banking Department and the California Department of Corporations upon enactment of their respective laws governing credit counseling and AADMO is the only trade association for the industry to publish a formal summary of state laws that has been reviewed by state regulators.For more information visit www.AADMO.org or call 540-548-1965..
Reyes Consulting Financial Advisors Introduce an Innovative New Tax Saving Strategy, the Family Advantage Program
(ContentDesk) October 1, 2005 -- Reyes Consulting is excited to offer its newest strategy in aiding clients with liquidating appreciated assets without realizing capital gain taxes.
This solution, implemented by a California Bar Board of Legal Specialization Certified Tax Law Specialist, we refer to as the "Family Advantage Program (FAP)."
The program uses a unique combination of tax strategies that benefit not only individuals and their families, but also their charity of choice. This program, unlike traditional tax and charitable planning strategies, brings substantial benefits to both the client and the charity.
All assets are at all times under the control and management of designated family members.
A charity of choice will not only benefit annually, but also upon the death of the client.
Additionally, the client's estate is not reduced.The program was introduced by Reyes Consulting Financial Consultant Brian S. Samuels, LUTCF.
Tax help > Reyes Consulting Financial Advisors Introduce an Innovative New Tax Saving Strategy, the Family Advantage Program
Reyes Consulting Financial Advisors Introduce an Innovative New Tax Saving Strategy, the Family Advantage Program
(ContentDesk) October 1, 2005 -- Reyes Consulting is excited to offer its newest strategy in aiding clients with liquidating appreciated assets without realizing capital gain taxes.
This solution, implemented by a California Bar Board of Legal Specialization Certified Tax Law Specialist, we refer to as the "Family Advantage Program (FAP)."
The program uses a unique combination of tax strategies that benefit not only individuals and their families, but also their charity of choice. This program, unlike traditional tax and charitable planning strategies, brings substantial benefits to both the client and the charity.
All assets are at all times under the control and management of designated family members.
A charity of choice will not only benefit annually, but also upon the death of the client.
Additionally, the client's estate is not reduced.The program was introduced by Reyes Consulting Financial Consultant Brian S. Samuels, LUTCF.
Tax help > Reyes Consulting Financial Advisors Introduce an Innovative New Tax Saving Strategy, the Family Advantage Program
Important Tip for March 15 Business Tax Filers on Avoiding a Common Error
Lowell, MA (ContentDesk) February 26, 2004 -- One in three business tax returns have the wrong Internal Revenue Service (IRS) Business Activity Code, according to Roger Winsby, president of Axiom Valuation Solutions.
This analysis is based on a review of hundreds of returns by his company, a national provider of business valuation services.
With only a few weeks before the business income tax filing deadline, Mr. Winsby recommends that CPAs and other tax practitioners should check the current IRS Business Activity Code assignment for their client companies at http://www.naicscode.com/.
This FREE web site offers a state-of-the-art industry search engine with the only comprehensive linkage between IRS Business Activity Codes, North American Industry Classification System (NAICS) Codes (both 2002 and 1997 versions), and the older SIC Codes.
These linkages are a key asset for assisting users to find...
Important Tip for March 15 Business Tax Filers on Avoiding a Common Error
Tax help > Important Tip for March 15 Business Tax Filers on Avoiding a Common Error
How To Get An Extension To File Your Business Tax Returns
Yes, the tax season is upon with the first filing date for some businesses being March 15, 2005. If you can't imagine getting your tax returns together by that date, you need not worry. The IRS automatically gives you an extension if your file the appropriate form. As you might expect, there are different forms for different businesses. An Important Note It is vitally important that you understand that an extension to file taxes is not an extension to PAY taxes.
The IRS will give you a break on the filing date, but it wants the money now! If you anticipate that you will owe taxes, you need to send in the appropriate payment. Failure to do so could result in interest charges when you eventually get around to filing your returns. Corporations If you conduct business as a corporation with a fiscal year-end of December 31st, you are required to file your 2004 tax returns on or before March 15, 2005. You can get an automatic extension, however, by filing form 7004 before the March...
How To Get An Extension To File Your Business Tax Returns
Tax help > How To Get An Extension To File Your Business Tax Returns
Tax Information for Small Businesses
(ARA) - The IRS publishes a lot of tax information to help small business owners and there are many ways to get it. You can always visit an IRS office to pick up copies of IRS forms and publications, although the IRS continues to make it easier for you to get these materials without leaving your office or maybe even your home.The IRS will send you forms and publications free of charge when you call them at 1-800-829-3676 with your request. Normally, you will receive the materials within 10 days, although there is another way to get tax materials right away.If you have access to a personal computer, you can browse and download IRS forms and publications from the IRS Web site at www.irs.gov.You also can get interactive help with your taxes while you're on line. For the latest information on business-related tax topics, click on the "Tax Info for Business" section. You'll find links to other Internet sites that may be helpful for your type of business.Tax Fax is another way to get business...
Tax Information for Small Businesses
Tax help > Tax Information for Small Businesses
Tax help The Future of Tax-Exempt Credit Counseling is Featured Topic at Industry Conference ira
Tax help The Future of Tax-Exempt Credit Counseling is Featured Topic at Industry Conference ira
Tax help The Future of Tax-Exempt Credit Counseling is Featured Topic at Industry Conference ira
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