Just to show you how profitable recycling can be; in Michigan commercial recyclers were driving reclaimed/recycled containers across state lines to redeem them for a higher deposit premium. In California that practice was costing the state $11 million yearly in this type of fraud. That must have been a big deal to them because some of these industrious individuals were prosecuted.
Undeveloped land has little cost and low profit potential. Developed property has a high cost and again little profit left when you factor in all of the costs for development.
Another tip I’ll give you: The quality of the people at an event often correlates with the price tag of the event. I’ve found I generally meet more successful people at the events that cost more.
CTEC classes Author’s Note: That was the plan. So what happened? Janet decided she didn’t want to sell the junk in Kansas and fired me. She refused to pay her father back and as of December 2004 he had not seen a dime. Father has deducted what she owes him from her inheritance, which will be put into a trust administered by her brother for the benefit of the grandchildren. Real estate in California skyrocketed after 9/11/01 terrorist attack and her properties all doubled in value.
CTEC approved provider 1) Recognize that you can take action to reduce your tax expense. Too many people blindly assume that it is impossible to significantly reduce their tax expense. Either they think it is too complicated, too much trouble, or they are afraid that if they take deductions that are legitimate, that the government will come after them. If you assume there is nothing you can do (learned helplessness), you are right. If you assume you can improve your tax position, you’re right. The fact is that while you must pay your legal share of taxes, the government actually wants you to take advantage of tax deductions and credits. That’s why the laws were passed to allow for them.
As you might imagine, local retailers think this is a tad unfair. Maybe they are right. Maybe they aren’t. Up to now, however, no state has been able to come up with a way to force Amazon and other big retailers into collecting and paying the taxes. There are laws on the books from the 1970s related to catalog sales that hold that such companies do not have to deal with sales taxes if they don’t have a physical presence in the states in question. Up to now, this standard has been applied to the web as well.
CTEC courses The first place I started was with the biggest name in tax preparation, TurboTax. The Federal Free Edition looks and functions just like their offerings, and includes free federal e-filing as well. Unfortunately, Federal Free Edition won’t handle my rental properties, so I need to upgrade to the $49.95 Premier version. I also have to pay an additional $36.95 to do my California state taxes, so my total cost for TurboTax is $86.90. Definitely costs a lot more than free!
What exactly is a reverse mortgage? It is a way for someone 62 years of age or older to borrow against the equity of their home to get tax-free cash. There are no loan payments until you die, sell your home or move from your home. A reverse mortgage is a way of getting money from your home without having to make monthly payments.