Tax Help
What to do if you Can’t Pay your Tax Bill

BY KNOWLEDGEFINANCIAL.COM

While tax time isn’t something most of us look forward to, some of us do anticipate a “reward” in the form of a refund check. But as of
December 15th, 2006, nearly 35 million returns did not include a refund, and no doubt many of those consumers found they owed the
IRS a good chunk of money.
If you can afford to pay your tax bill, it is best to just write a check and get it over with. But if you don’t have that kind of cash lying
around, take a look at other options. Note that tax rules change frequently, so check with your tax preparer or the IRS for updates to this
information.

Not an option------------KNOWLEDGEFINANCIAL.COM
What’s not an option is not filing. If you don’t file, or if you don’t find a way to pay what you owe, taxes and penalties can accumulate
quickly. If you don’t pay what you owe, a Notice of Federal Tax Lien could be filed against your property. Tax liens are reported to the
major credit bureaus and they can drop your credit score significantly. They can be reported as long as any other type of negative
information – seven years from the date they are paid.
The IRS can ask you to sell or mortgage your assets or urge you to get a loan. Your tax debt may be turned over to a private collection
agency. The IRS can also take more serious enforced collection action, such as taking money from your bank accounts, wages, or other
income, or taking other assets. In general, they have many more options available to collect your tax debt than other companies to
whom you may owe money.

Charge It!
You can use a major credit card (American Express, Discover, MasterCard, or VISA credit card) whether you file electronically or file a
paper return. Credit card payments can be submitted via tax software when filing electronically. Credit card payments can also be
made over the telephone and by filing on line. In 2005, about 1.5 million taxpayers paid by credit card, an increase of 54% from the
previous year.

The IRS does not set or collect any type of fee for credit card payments, but the private sector companies the IRS has authorized to
process these payments do impose convenience fees. The tax payment sent to the U.S. Treasury and the convenience fee are listed
separately on the cardholder’s credit card statement.-----------KNOWLEDGEFINANCIAL.COM

For the 2006 filing season, two companies were authorized by the IRS to accept credit card charges from both electronic and paper
filers. Each company offers both phone and Internet payment services and each charges a convenience fee (currently 2.49% of the
amount paid) for the service. Fees are based upon the amount of the tax payment and may vary between companies. The two
companies are:
Link2Gov Corporation, 1-888-PAY-1040 (1-888-729-1040).
Official Payments Corporation, 1-800-2PAY-TAX (1-800-272-9829)

The disadvantage is that you may have to pay the convenience fee and interest to your card issuer while you pay off the balance. The
advantage is that you will have paid your debt to the IRS. It’s generally better to have an outstanding bill with a credit card company
than with the IRS.
Last year a number of issuers encouraged consumers to pay their taxes with their credit cards with special offers that allowed
consumers to reduce or waive the convenience fee and/or earn extra reward points. Visit the above links as tax time approaches to
learn more about current offers. Keep in mind that the extra interest charges you pay can quickly outweigh any rewards. Do the math
and choose your lowest-rate credit card to minimize the cost.

Tip: If your credit card issuer sent you promotional checks with low interest rates, you can use one of these to pay your taxes. You won’
t receive bonus points or other offers, but you won’t pay a convenience fee and the interest rate may be lower than your normal interest
rate for purchases. Watch out for fees associated with these checks. If there are fees, ask the issuer to waive them.

Line up a loan
Whether is a personal loan, a home equity line of credit, or a loan from your retirement account, you may want to borrow to pay off the
IRS. As with any loan, the interest and fees are important to understand. But when it comes to owing the IRS or a lender, a lender
almost always wins hands down. If you act quickly, you should be able to avoid a tax lien on your credit report.
Request a monthly payment plan from the IRS---------------KNOWLEDGEFINANCIAL.COM

If you can pay your full tax bill over time (in more than four months but less than five years, in most cases), you may want to ask the IRS
for an installment agreement. In fiscal year 2006, almost 2.8 million taxpayers established installment agreements to pay their tax bills.
With an installment plan, you make regular monthly payments until your tax bill is resolved. Like other options, you can only request an
installment agreement if all required tax returns have been filed.

If you owe $25,000 or less in combined tax, penalties, and interest, you can use the IRS Online Payment Agreement (OPA) to request
your installment agreement or call the number on the bill or notice you received. A fill-in Request for Installment Agreement, Form 9465,
is available online that can be mailed to the address on the bill.
If you owe more than $25,000 in combined tax, penalties, and interest, you may still qualify for an installment agreement, but a
Collection Information Statement, Form 433F, may need to be completed. Call the number on the bill or mail the Request for Installment
Agreement, Form 9465 and Form 433F, to the address on the bill.


Fees for installment agreements increased in 2007. The fee for new direct debit installment agreements, where payments are deducted
directly from a taxpayer’s bank account, went up from $43 to $52. The fee for other new installment agreements went from $43 to $105.
When you file your request for an installment agreement, you will have to pay what you can afford immediately and pay the rest over a
reasonable period of time.


In addition to the upfront fee, you will also pay interest – currently figured at around 8% per year, compounded daily – plus a late
payment penalty. This penalty, usually 0.5% of the balance due per month, drops to 0.25% when the IRS approves the agreement for an
individual taxpayer who filed the return on time and did not receive a levy notice.

Request a short-term extension
If you cannot pay in full immediately due to a hardship but you can pay within the next four months, you may be eligible for a short-term
extension of time to pay of up to 120 days. (An extension to pay is not the same as an extension to file.) There is no fee for an extension
to pay. You can file a completed Form 1127 along with a statement explaining why paying now would be a financial hardship for you.
KNOWLEDGEFINANCIAL.COM
The IRS does not approve the majority of these requests. Looking at the form with it’s warnings and requirements, including a detailed
list of your assets and itemized spending and income for the past for the last three months, is enough to scare most taxpayers off! Most
taxpayers will instead request either an installment agreement or an offer in compromise, or find another way to pay.

Request an offer in compromise
An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that resolves the taxpayer's tax debt. The IRS has the
authority to settle or "compromise" federal tax liabilities by accepting less than full payment under certain circumstances. These include
doubt that the assessed tax is correct and doubt that you could ever pay the full amount owed. But it’s not an easy way to pay less than
you owe. In fact, the IRS says it resolves less than 1% of all balance due accounts through the OIC program.
When you see ads claiming you can “settle your tax bill for less than you owe,” they are usually referring to an offer in compromise. Be
careful, however, of promises to settle your tax bill for pennies on the dollar. The IRS warns that some companies are collecting
excessive fees from consumers who will never qualify for these programs. You can complete all the paperwork on your own by
following the instructions found at the IRS website.
Like most tax issues, the rules for offers in compromise have become more complicated. With the Tax Increase Prevention and
Reconciliation Act of 2005 (TIPRA), significant changes were made to the IRS Offer in Compromise (OIC) program. These changes went
into effect on July 16, 2006.

As a result, it may make sense to get help from a tax professional to help you evaluate your options and prepare your offer in
compromise. The IRS generally has 24 months to accept or reject your offer or negotiate a further compromise.
One of the main changes in the law requires that offers submitted after July 16, 2006, must be accompanied by a $150 application fee,
and partial payments of the proposed offer amount. The form of these partial payments depends upon the taxpayer’s proposed offer and
its terms.

(There are exceptions to this requirement for low-income taxpayers, or offers filed when there is doubt as to liability only. See more
information below.)
When you file your offer (excluding doubt as to liability offers) you must specify whether you are filing a lump sum or periodic payment
offer. In the case of a “lump sum” (which means five or fewer installments), you must pay 20 percent of the offer amount with the
application.

If you file a “periodic payment offer” (which means six or more installments), you must pay the first proposed installment payment with
the application and pay additional installments while the IRS is evaluating the offer.
If you are a low-income taxpayer, or you are filing a doubt as to liability offer only, the $150 application fee is waived and you do not need
to make a partial payment. A low-income taxpayer is an individual whose income falls at or below poverty levels based on guidelines
established by the U.S. Department of Health and Human Services (HHS). Additional paperwork is required.
How to Cut Your Property Taxes ----------KNOWLEDGEFINANCIAL.COM

One of the “joys” of homeownership is paying property taxes. While we all want our roads plowed and our children educated, no one wants to pay more in taxes than necessary, especially if
our neighbors are paying less for a house that’s quite similar or even better.
The median amount that U.S. homeowners paid in property taxes in 2006 was $1,742, but some folks were hit with much larger bills. For example, according to the non-profit, non-partisan
Tax Foundation, homeowners in Hunterdon County, New Jersey paid the most. The median tax bite there was $7,999. Have a bigger than average house on a large piece of property in
Hunterdon? Then all I can say is “Ouch!”
Wherever you live, you may be surprised to learn that the amount you have to pay is more under your control than you may have thought. Municipalities all have procedures for “grieving”
property taxes, where – if you make a strong case – you can get your taxes lowered, not just for a year, but for years to come.

How Property Taxes Are Calculated --------KNOWLEDGEFINANCIAL.COM
Before you can build a case, you need to understand how the tax collectors arrive at the amount you have to pay. While the details vary, the taxes that homeowners pay are based upon these
four components:
1. The property’s appraised value: What the local assessor determines the property is worth compared to other properties in the area. Also known as the property’s assessment, it might be
based upon your home’s current market value or on a community-wide re-assessment that took place in the last few years.

2. The assessment ratio: For example, in Tennessee, taxes on homes and farms are based on 25% of their appraised value, while in other states, the ratio can vary from county to county.

3. The assessed value, which is determined by multiplying the property’s appraised value by the assessment ratio. Staying with Tennessee, if a home is worth $200,000, its assessed value
would be $50,000 ($200,000 times .25). But in many parts of the country, real estate is assessed at “full valuation,” that is, at 100% of the property’s assessment. In these communities, the
$200,000 house would have an assessed value of $200,000.

4. The tax rate, which is determined by the needs of local branches of government (e.g., county, town, and school boards), to cover the costs of schools, road maintenance, and so on. For
example, your tax rate might be $2.7864 for every $100 of the assessed value, or .027864. Whatever the tax rate is, and they do vary significantly from locality to locality, the math works the
same. You pay that amount for every $100 your property is worth.
Please don’t be put off by the math! Once you know these four components, it’s easy to calculate what taxes you’ll be expected to pay on your property. First figure out the assessed value.
Then multiply that by the tax rate. If your assessed value is $2000,000 and the tax rate is .027864, your tax bill will be $5,572.80 for that year. Yikes!
Let’s go through this same example in slow motion:

Your home’s appraised value is $200,000.
Multiply that by the assessment ratio in your community, which we’ll say is 100%.
That means the assessed value of your property is also $200,000.
Multiply that assessed value by the tax rate of .027864 to figure out what you’re expected to pay for that year: $5,572.80.
Now it’s your turn! To find what your tax should be, multiply your home’s appraised value $_______________ by the assessment ratio in your community ______%, to get the assessed
value of your property – $___________. Multiply that assessed value by the tax rate of ______% to figure out what you owe: $_____________.
While math errors are not to be expected in the Cyber Age, it pays to double-check the math – especially if you’re the kind of person who balances your checkbook regularly. As a first-time
home buyer, I know I will be taking a close look at the calculations.

Tip: Becoming familiar with the terminology and the formula will help you in your encounters with the assessor and hearing officers.

Pick Your Battles Carefully-------KNOWLEDGEFINANCIAL.COM
While it takes some effort, it’s well worth investing the time and energy to make sure you aren’t paying more in property taxes than is fair. Remember, you may end up with a tax break … not
only for this year… but for years to come. Sounds great, doesn’t it? But railing against high tax rates won’t get you anywhere. Decisions about them are out of the control of the local officials
who can take another look at your tax bill. Of the four components that go into calculating your tax bill, the only one you have a chance of getting changed locally is the assessment, the amount
that the assessor decided your home is worth, aka its appraised value.

Everything else requires the involvement of legislators and other policy-makers. By all means, get involved in the political process! Just don’t expect your tax bill to show an immediate
response. So … back to what is possible for your current tax bill …
If you bought at the height of the market, when prices were at their highest (like I did) and your assessment reflects the price you paid, even though the market really took a dive where you live,
you may have an especially good case for getting that amount lowered. After all, if you tried to sell the house now, you’d get less than you paid for it, maybe a lot less, thanks to the subprime
mortgage meltdown.

What’s Happening to Property Values?
According to the Center for Responsible Lending, which expects some 2 million subprime foreclosures, the high foreclosure rate will result “in a severe drain on property values – even for
families paying their mortgages faithfully every month – and will cause 44.5 million homes to lose a total of $223 billion in wealth over the next few years, most of it in 2008 and 2009.”

Whether you’re a new homeowner or not, it’s well worth it to double-check your assessment. Math errors, incorrect classifications, and out-of-date information are just a few of the reasons
that your assessment might be just plain wrong.
It’s a safe bet that the process for getting your assessment changed will be somewhat involved -- it always is. It’s likely to be especially challenging this year because property values are
heading down throughout the country as more and more homes go into foreclosure. As a result, some communities are taking a fresh look at local property values. An increasing number of
people are going through the grievance process to get their property taxes lowered. That is, following the detailed local rules, they are trying to show that their property’s assessment is too
high, either because of errors or because of how their tax bite compares with other homes in the community.---KNOWLEDGEFINANCIAL.COM
WWW.KNOWLEDGEFINANCIAL.COM
REAL ESTATE
We work hard to exceed clients expectation, we have the in-depth training and
negotiating skills,
techniques and  knowledge necessary to get you the best price for your property in
the shortest
amount of time.

SO JUST LET US SELL YOUR PROPERTY! CALL US AT: 786-709-6577
REAL ESTATE  INVESTMENTS

Invest in real estate today for a better tomorrow
Various programs are available to help you start.

Stop renting, but invest for the future.
BUYING & SELLING REAL ESTATE SOUTH FLORIDA, CALL: 786-709-6577


We’re here to help brake the barrier of home-ownership
We make the process simple and easy
---------------------------------------------------------------------------
HOME SELLING, HOME BUYING, HOME LEASING IN THE SOUTH FLORIDA AREA.
CALL AT: 786-709-6577 --- Fortune International Realty

We can help you sell your home quick and fast for the top price
Our proven selling techniques with our diverse  kind of
advertisement can really help selling your home in a
very short amount of time. CAL A PROFESSIONAL REALTOR AT: 786-709-6577
TAX SAVING, TAX HELP: What to do if you Can’t Pay your Tax Bill? How to Cut Your Property Taxes
FREE INTERNET ADVERTISEMENT FOR COMMERCIAL REAL ESTATE FOR SALE FREE AD. LEARN MORE!

FSBO --- FREE ONLINE SERVICE TO SELL YOUR FOR SALE BY OWNER PROPERTY. CLICK HERE

Your FOR SALE Advertisement could be seen by thousands of viewers

HOMEOWNERS IN FORECLOSURE:
SALE YOUR FORECLOSURE PROPERTY NOW. CLICK HERE
SAVE YOUR EQUITY, SAVE YOUR CREDIT RATING

WE'LL EMAIL YOUR FOR SALE PROPERTY
TO OVER HUNDREDS OF PROSPECTIVE
BUYERS  AND INVESTORS FOR FREE!
HOME BUYING PROCESS
WE'RE LICENSED MORTGAGE BROKER. FOR YOUR REAL ESTATE FINANCING, MORTGAGE & LOANS, HOME REFINANCING,
HOME EQUITY, REAL ESTATE INVESTMENTS.

CONTACT Mr. ANTONY AT: 786-709-6577  WE'RE COMPETENT, WE'RE LOYAL, & WE'VE ALL THE EXPERIENCE NECESSARY
IN REAL
ESTATE, FINANCE & MORTGAGE TO HELP YOU!
Filing your tax late and/or paying late

If taxes are not paid, and no effort is made to pay them, the IRS can ask a taxpayer to take action
to pay the taxes, such as selling or mortgaging any assets owned or getting a loan. If effort is
still not made to pay the bill, or make other payment arrangements, the IRS could also take more
serious enforced collection action, such as levying bank accounts, wages, or other income, or
taking other assets. A Notice of Federal Tax Lien could be filed that may have a detrimental
effect on a taxpayer’s credit standing. See information about Liens and Levies.

Tax solution
Other Ways to Resolve Tax Debt That Could Save You Money
Taxpayers unable to pay all taxes due on the bill are encouraged to pay as much as possible. By
paying as much as possible now, the amount of interest and penalties owed will be lessened.
Based on the circumstances, a taxpayer could qualify for an extension of time to pay, an
Installment Agreement, temporary delay, or Offer in Compromise.


What Will Happen If You Don't File Your Past Due Return or Contact the IRS?

The IRS will file a substitute return for you, which will not include any additional exemptions or
expenses you may be entitled to and may overstate your real tax liability. Once the tax is
assessed the IRS will start the collection process, which can include placing a levy on wages or
bank accounts or filing a federal tax lien against your property.
Education Tax Credit, Tax Saving, Tax Reduction, Tax Benefits.
TAX EDUCATION CREDITS: The Tuition and Fees Deduction allows you to save big on
taxes.
The Student Loan Interest Deduction. Click Here to Learn More...
Education Tax Credit, Tax Saving, Tax Reduction, Tax Benefits.
TAX EDUCATION CREDITS: The Tuition and Fees Deduction allows you to save big on
taxes.
The Student Loan Interest Deduction. Click Here to Learn More...
..GOVERNMENTS GENERAL INFORMATION CENTER:  MIAMI DADE COUNTY, BROWARD COUNTY, MONROE
COUNTY, PALM BEACH COUNTY, STATE OF FLORIDA AND THE U.S. FEDERAL GOVERNMENT. LEARN MORE
HERE...
You name it, You get it
You need it, You find
You want it, Search for it!

FREE FINANCIAL ADVICE. WAYS TO SAVE MONEY, TO MAKE MONEY, AND GET OUT OF DEBT!
Consumer information,  resources and important  tools about credit, banking, finance, economy,
ID-THEFT
Real Estate Assistance Program For Home-Buyers & sellers
EARN CASH BACK;  BUYERS AND SELLERS YOU CAN PUT MONEY BACK IN YOUR POCKET... LEARN MORE!..
Earn a cash back bonus  UP TO $2,500.00 ...
                
FREE CREDIT REPORT
Did you know that you have three credit reports, and these credit reports are not necessarily the  
same. Obtain your free report now...

Real Estate general information center... Everything about Real Estate.
Mortgage Loans Learning Center. Full and complete financing  information to succeed...

Five Insurance Policies Everyone Should Have...
Protecting your most important assets is an important step in creating a solid personal  financial
plan.
. INSURANCE: WAYS TO MAKE MONEY & SAVE MONEY ON YOUR INSURANCE. 15
Insurance Policies You may not  Need...

CREDIT: SAVE YOUR CREDIT, RESCUE IT, PROTECT IT, INCREASE YOUR SCORE. WE HAVE
VALUABLE INFORMATION TO HELP YOU. CREDIT HELP: CHECK US OUT!

CREATIVE FINANCING: TOP 10 CREATIVE FINANCING TECHNIQUES AND STRATEGIES TO FIND
MONEY TO INVEST!

INVESTMENT: MAKE YOURSELF RICHER BY INVESTING THE RIGHT WAY IN THE RIGHT PRODUCTS

FORTUNE MAKER: WHERE AND HOW?... Before You Invest, Before undertaking any investment program, it is
critical that you know this...!
Capital gains tax, Understanding Capital Gains Taxes, Real Estate Capital Gains Tax

General Tax Information: TAX SAVING, TAX HELP: What to do if you Can’t Pay your Tax Bill? How to Cut Your
Property Taxes...
CLICK HERE TO SEE ---
the best products FOR
LESS PRICE, from the
world most prestigious
companies.

Real Estate
Investment,
Home-Buying Guide,
Home-Selling Guide,
Mortgage Loan
Modification to Avoid
Foreclosure,  Home
Refinancing Since
Interest Rate has
Dropped to the bottom
low,  Real Estate
Financing

No Matter what you
heard from the news
you still can purchase,
Begin buying process
with Mortgage Loane
Pre-Qualification.

IF YOU NEED HELP TO
BUY OR TO SELL A
PROPERTY IN SOUTH
FLORIDA ; LET A
PROFESSIONAL
LICENSED REALTOR &
LICENSED MORTGAGE
BROKER ASSIST YOU.  
SOUTH FL.  CONTACT
Mr. ANTONY AT: 786-
709-6577

Real Estate For Sale,
Commercial Real
Estate, Miami Real
Estate, Mobile Home,  
Florida Real Estate  

BUY ALL YOU WANT  
RIGHT HERE;  THE
BEST QUALITY  
PRODUCTS FROM THE
WORLD GREATEST  
COMPANIES  AT
DISCOUNT PRICE.
BARGAIN, BARGAIN!
Rental Property,             
              FREE
advertisement for FOR
SALE BY OWNER
FREE FINANCIAL ADVICE. WAYS
TO SAVE MONEY, MAKE MONEY,
AND GET OUT OF DEBT!

PERSONAL FINANCE. What are you
doing with your money in the wake
of the financial crisis? ---  Where is
the safe place to put money? My
personal finance!

FINANCIAL FREEDOM: A
SMARTEST WAY TO PREPARE A
BETTER FUTURE. Money-Making
Information You'll Need to Succeed

US ECONOMY, THE FINANCIAL
SYSTEM, THE CREDIT MARKET.
WHAT'S GOING?

MONEY MANAGEMENT. Ten
Resolutions to Make Your
Financial Life Easier

FINANCE: THE BANKING AND THE
AMERICAN FINANCIAL SYSTEM
HISTORY, SUCCESS AND FAILURE

SAVING MONEY: THE SECRETS OF
SAVING; WAYS TO SAVE A LOT OF
MONEY AND GETTING RICHER

IRA / INDIVIDUAL RETIREMENT
ACCOUNT. What is an IRA? And
what does it matter?

SOCIAL SECURITY; THE ULTIMATE
RETIREMENT GUIDE. HOW DOES
SOCIAL SECURITY WORK?

FINANCIAL REPORT: How to bring
your spending under control, so
that you get the most out of every
dollar. 8 Reasons to get pre-
qualified for a mortgage loan!

ESTATE PLANNING: Estate
planning,  is it really the process of
accumulating and disposing of an
estate to maximize the goals of the
estate owner to avoid probate, to
lower the tax?

Assets Protection: Don't Get Sued:
Five Tips To Protect Your
Company! Types of Asset-
Protection Vehicles;
Many different strategies have
been developed over the years
claiming to protect assets. How to
protect yourself from...?

BUILDING WEALTH! How to
Become Wealthy?
Nine Truths That Can Set You on
the Path to Financial Freedom

FINANCIAL KNOWLEDGE: The
Successful Investment Journey,
Ten Tips For The Successful Long-
Term Investor

FINANCIAL SYSTEM: AMERICA’S
MONEY CRISIS / Bailout 101.
LEARN ABOUT: Top 6 Biggest U.S.
Government Financial Bailouts In
History!
2-LEARN ABOUT MARKET
CRASHES HISTORY. HOW AND
WHEN?
3-LEARN ABOUT: THE UNITED
STATE,  AND THE WORLD MOST
IMPORTANT FINANCIAL
INSTITUTIONS!
4-LEARN ABOUT THE COMPLETE
FINANCIAL TURMOIL, THE CREDIT
CRISIS!

BANKING & FINANCE / Knowledge
Financial.com; an educational, a
life changing website with great
ideas of small business, with
important things to know about our
economy,  and investment

INVESTMENT: MAKE YOURSELF
RICHER BY INVESTING THE RIGHT
WAY IN THE RIGHT PRODUCTS.
REAL ESTATE INVESTMENTS CAN
HELP

STOCK MARKET: STOCK MARKET
A WAY TO INVEST AND MULTIPLY
YOUR PROFITS.  THESE
INDUSTRIES HAS THOUSANDS OF
COMPANIES TO BUY STOCKS
FROM.


FOREX MARKET: THE LARGEST
MARKET IN THE WORLD TO INVEST
AND GET RICHER IF YOU USE THE
RIGHT TOOL.

TAX CERTIFICATES:  / TAX DEED: A
BETTER WAY TO INVEST MONEY
AND GET RICHER.

TAX LIENS: How Can You Safely
Earn 18% to 240% Per Year On
Your Investments? Yes you can...
By investing in Government
Issued Tax Liens, Tax deed, Tax
Certificates.

REITs: REIT: Real Estate
Investment Trust. A GREAT WAY
TO INVEST IN REAL ESTATE
WITHOUT TAKING A MORTGAGE
LOAN

COMMERCIAL INVESTMENT.
COMMERCIAL REAL ESTATE; A
BETTER WAY TO INVEST AND GET
RICHER!  MULTI-WAYS TO WIN BIG
IN REAL ESTATE. WHAT IS
COMMERCIAL REAL ESTATE?

PENSION PLANS: THE ULTIMATE
RETIREMENT GUIDE; HOW TO
RETIRE EARLY AND RETIRE
REACH. WHAT ARE 401K,  ROTH
401K, INDIVIDUAL 401K, 403B, 457
PLAN, THRIFT SAVINGS PLAN.

IDENTITY THEFT: WATCH OUT,
STOP IT FROM HAPPENING, GET
THE TOOLS YOU NEED TO
PREVENT IT RIGHT HERE! AT
KNOWLEDGE FINANCIAL.COM

INSURANCE 101: THE
IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE.
EVERYTHING YOU NEED TO KNOW
ABOUT INSURANCE; NOW IS YOUR
CHANCE TO KNOW HOW TO SAVE
MONEY ON YOUR INSURANCE!  
LEARN ABOUT THE 15 INSURANCE
POLICIES YOU DON'T NEED!
Real Estate Assistance Program
For Home-Buyers & sellers
FREE MONEY: EARN CASH BACK;  
BUYERS AND SELLERS YOU CAN
PUT MONEY BACK IN YOUR
POCKET... Earn a cash back
bonus. CLICK HERE...

When you buy or sell a home
through  Real Estate Assistance
Program With us ... GET BACK UP
TO $2,500.00


CLICK HERE TO SEE --- the best
products FOR LESS PRICE, from
the world most prestigious
companies.

Real Estate Investment,
Home-Buying Guide,
Home-Selling Guide,
Mortgage Loan Modification to
Avoid Foreclosure,  
Home Refinancing Since Interest
Rate has Dropped to the bottom
low,  Real Estate Financing

No Matter what you heard from
the news you still can purchase,
Begin buying process with
Mortgage Loane Pre-Qualification.

IF YOU NEED HELP TO BUY OR TO
SELL A PROPERTY IN SOUTH
FLORIDA ; LET A PROFESSIONAL
LICENSED REALTOR & LICENSED
MORTGAGE BROKER ASSIST YOU.
 

SOUTH FL.  CONTACT Mr. ANTONY
AT: 786- 709-6577

Real Estate Assistance Program
For Home-Buyers & sellers
FREE MONEY: EARN CASH BACK;  
BUYERS AND SELLERS YOU CAN
PUT MONEY BACK IN YOUR
POCKET...
Earn a cash back bonus. CLICK
HERE...
When you buy or sell a home
through  Real Estate Assistance
Program With us ... GET BACK UP
TO $2,500.00
------------------------------------------------
------------------------------------------------
----------------

Mortgage Loans Information
Center ...
Real Estate general Information
Center ...

FORECLOSURE SOLUTION! STOP IT
NOW. SAVE YOUR EQUITY, SAVE
YOUR CREDIT, AND PUT MONEY BACK
IN YOUR POCKET.   ----

FORECLOSURE ALTERNATIVES:  
TIPS TO AVOID THIS NIGHTMARE .
..

FORECLOSURE INVESTMENTS:  
IT'S A GREAT WAY TO INVEST IN
REAL ESTATE AND MAKE BIG
PROFITS; GREAT DEALS.
BARGAIN, BARGAIN ...

About Buying HUD Homes?  What
is a HUD Home? How are HUD
Homes sold?..
SHORT SALE: REAL ESTATE
INVESTMENT OPPORTUNITY FOR ALL.
SHORT SALE METHODS AND
TECHNIQUES!...

HOW TO BUY SHORT SALE
PROPERTIES? HOW TO INVEST IN
REAL ESTATE SHORT SALE AND MAKE
BIG PROFIT?

CREATIVE FINANCING: TOP 10
CREATIVE FINANCING
TECHNIQUES AND STRATEGIES
TO FIND MONEY TO INVEST!

Capital gains tax, Understanding
Capital Gains Taxes, Real Estate
Capital Gains Tax
pre-construction:  Is by far one of  
the most viable passive
investment vehicle available in
the real estate industry ...

FREE ONLINE AD: COMPLETELY
FREE, ABSOLUTELY FREE
ADVERTISEMENT ON THREE
DIFFERENT WEBSITES;  NO FEES,
NO CHARGES, NO COSTS TO YOU.
.. CLICK HERE... [FSBO]

1031 Exchange, Tax Saving Tips
for Real Estate Investors and
landlords. 1031 Like-Kind
Exchanges and Multi-Family
Investments:  A Very Profitable
Combination!

Real Estate For Sale,
Commercial Real Estate,
Miami Real Estate,
Mobile Home,  
Florida Real Estate  

BUY ALL YOU WANT  RIGHT HERE;  
THE BEST QUALITY  PRODUCTS
FROM THE WORLD GREATEST  
COMPANIES  AT
DISCOUNT PRICE. BARGAIN,
BARGAIN!
Rental Property,   

Commercial Real estate
Investors: Calculator to use and a
variety of mathematical tools to
analyze the performance of their
investment properties...
Real Estate Assistance Program For Home-Buyers & sellers
FREE MONEY: EARN CASH BACK;  BUYERS AND SELLERS YOU CAN PUT MONEY BACK IN YOUR POCKET...
Earn a cash back bonus. CLICK HERE...
When you buy or sell a home through  Real Estate Assistance Program With us ... GET BACK UP TO $2,500.00
------------------------------------------------------------
FREE ONLINE AD: COMPLETELY FREE, ABSOLUTELY FREE ADVERTISEMENT ON THREE DIFFERENT WEBSITES;  NO FEES, NO CHARGES, NO
COSTS TO YOU. .. CLICK HERE ...
..RICH GUIDE, WHY AREN'T RICH?
BUILDING FINANCIAL WEALTH, OBTAIN FINANCIAL FREEDOM,
BECOME A RICH PERSON; YES YOU CAN...

..RULE OF 72: The compound interest and financial success.  Rule
Of 72 is the most important and simple rule of financial success.

..MILLIONAIRE: How To Make Your First $1 Million? The Millionaire's
Mindset

..FORTUNE: BEFORE INVESTING IN THE STOCK MARKET LEARN THIS
FIRST!...

..GOVERNMENT: Government's general information; Local, State,
and Federal.
Housing Finance Authority of Miami dade, Monroe, Broward, and
Palm Beach County

..EMPIRE: THE ABC's OF INVESTMENTS, Ways to Save. THE
TRIANGLE OF SUCCESS...

..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING TECHNIQUES AND STRATEGIES TO
FIND MONEY TO INVEST! The Five C’s of Credit: LEARN MORE..

CREATIVE FINANCE CAN AND WILL MAKE ALL THE DIFFERENCE
WHEN AN INVESTOR DECIDES TO INVEST IN REAL ESTATE...

..HOME INSPECTION: HOW TO GET THE BEST OUT OF IT..
Top 10 home-buying mistakes to avoid!

HOW TO USE HOME INSPECTION REPORTS TO NEGOTIATE SALE
PRICE?...

...ACCOUNTING: The Basics of Accounting...

...TAXES: THE FUNDAMENTAL OF TAXES. THE MORE YOU KNOW,
THE LESS YOU PAY...

...ANALYTICS: Top 9  Real Estate Financial Calculator Problems
every investors should know about...
..RICH GUIDE, WHY AREN'T RICH?
BUILDING FINANCIAL WEALTH, OBTAIN
FINANCIAL FREEDOM, BECOME A RICH
PERSON; YES YOU CAN...

..RULE OF 72: The compound interest
and financial success.  Rule Of 72 is the
most important and simple rule of
financial success.

..MILLIONAIRE: How To Make Your First
$1 Million? The Millionaire's Mindset

..FORTUNE: BEFORE INVESTING IN THE
STOCK MARKET LEARN THIS FIRST!...

..GOVERNMENT: Government's general
information; Local, State, and Federal.
Housing Finance Authority of Miami
dade, Monroe, Broward, and Palm
Beach County

..EMPIRE: THE ABC's OF INVESTMENTS,
Ways to Save. THE TRIANGLE OF
SUCCESS...

..INVESTORS: CREATIVE FINANCING:
TOP 10 CREATIVE FINANCING
TECHNIQUES AND STRATEGIES TO FIND
MONEY TO INVEST!
The Five C’s of Credit: LEARN MORE..

CREATIVE FINANCE CAN AND WILL
MAKE ALL THE DIFFERENCE WHEN AN
INVESTOR DECIDES TO INVEST IN REAL
ESTATE...

..HOME INSPECTION: HOW TO GET THE
BEST OUT OF IT..
Top 10 home-buying mistakes to avoid!

HOW TO USE HOME INSPECTION
REPORTS TO NEGOTIATE SALE
PRICE?...

...ACCOUNTING: The Basics of
Accounting...

...TAXES: THE FUNDAMENTAL OF
TAXES. THE MORE YOU KNOW, THE
LESS YOU PAY...

...ANALYTICS: Top 9  Real Estate
Financial Calculator Problems every
investors should know about...

...REAL ESTATE MARKET: TODAY'S
GREAT DEALS FOR FIRST-TIME HOME-
BUYERS & FOR EVERYONE AS NEVER
SEEN BEFORE! WONDERFUL
OPPORTUNITY TO CREATE
TREMENDOUS AMOUNT OF WEALTH...
Life Insurance
Life insurance could possibly serve you while
you're alive, and surely as well as after you're gone.
Your love one will be well taking care and maintain
their standards of living. LEARN MORE...

..TERM  LIFE INSURANCE ADVANTAGES, TERM
INSURANCE GENERAL KNOWLEDGE. Buy the term,
and invest the difference.

Life Insurance insurance general knowledge.  
Advantages, Benefits, & Features While Alive and
After Death... Learn More Here!

GET A FREE INSURANCE QUOTE, Click Here!

.. INVESTMENT PRODUCTS:  Investing & Money
Management Basics.  FINANCIAL SOLUTIONS,
TOOLS & RESOURCES.  LEARN MORE...

INSURANCE PRODUCTS: How to make profits with
the insurance companies?
Life Insurance
Life insurance could possibly serve you while you're alive, and surely as well as after you're gone. Your love one will be
well taking care and maintain their standards of living. LEARN MORE...

..TERM  LIFE INSURANCE ADVANTAGES, TERM INSURANCE GENERAL KNOWLEDGE. Buy the term, and invest the
difference.

Life Insurance insurance general knowledge.  Advantages, Benefits, & Features While Alive and After Death... Learn
More Here!

GET A FREE INSURANCE QUOTE, Click Here!

.. INVESTMENT PRODUCTS:  Investing & Money Management Basics.  FINANCIAL SOLUTIONS, TOOLS & RESOURCES.  
LEARN MORE...

INSURANCE PRODUCTS: How to make profits with the insurance companies?
About Twitter
Twitter is an easy way to keep up with the
people, organizations, and events you care
about - and to share your thoughts
instantaneously. CLICK ON:
Twitter-1 --Twitter-2 -- Twitter-3


About Facebook...
Millions of people use Facebook everyday
to keep up with friends, upload an
unlimited number of photos, share links
and videos, and learn more about the
people they meet.  Learn how to get richer
on Facebook...


About My Space
Create a community on MySpace and you
can share photos, journals and interests
with your growing network of mutual
friends!  Click here to see how much you
can accomplish...
BUILDING WEALTH
RICH GUIDE: WHY AREN'T YOU RICH? BUILDING
FINANCIAL WEALTH, OBTAIN  FINANCIAL
FREEDOM, BECOME A RICH PERSON; YES YOU
CAN... Learn More!

Financial Education - Financial Knowledge  
Everything You Need To Know About
Finance.

Dubai- The World Largest, Biggest,
Tallest, Greatest of Almost Everything.
Learn more about this magnificent place
and as well as other countries.

COPYRIGHT-- What is Copyright?   The
Basics About Copyright Registration. The
procedure for copyright registration.
Do I need copyright protection? How do I
register? Learn More!
..Life Insurance Advantages, Benefits, & Features While Alive and After Death... Learn More Here!

..Insurance General Information: Ways to Make Money & Save Money on Your Insurance. Learn More...

..Term Insurance Advantages, Term Insurance General Knowledge. Buy the Term, and invest the
difference. Learn More...

...Investment Products: Investing & Money Management Basics.  FINANCIAL  SOLUTIONS, TOOLS &
RESOURCES.  LEARN MORE...

Insurance Products:  How to make profits with the insurance companies? Learn More...
TAXES, TAXES, TAXES:    The Standard Deduction Isn't So Small or So Standard

The standard deduction is an amount assigned to each filing status. The base amount for 2009 is $5,700
for a single filer and double that -- $11,400 -- for a married couple filing jointly. A head of household (a
single parent with kids, for example) gets a standard deduction of $8,350. There are additions to these
standard amounts for those who are blind or over age 65.-----KNOWLEDGEFINANCIAL.COM

In addition, for 2009 filers using the standard deduction can claim some extra breaks, including a $1,000
per couple ($500 for a single) deduction for real estate taxes paid. In fact, there are so many special
breaks the Internal Revenue Service created a new tax form this year: Schedule L, Standard Deductions
for Certain Filers.

You use Schedule L to claim the extra real estate tax deduction, certain casualty losses and a special
deduction for sales tax on a new vehicle purchased after Feb. 16, 2009 and before the end of 2009. With
such add-ons, the standard deduction can quickly become a large number, and more beneficial than
deducting your actual expenses.

The common complaint I hear is: "I don't get to take anything anymore." I explain it as "Let's Make A Tax
Deal." Behind door No. 1 are all your receipts and behind door No. 2 is the standard deduction. You want
to pick the door that will get you a bigger deduction.

2. Medical Expenses Aren't Easy to Deduct

The list of allowed medical deductions is long and includes out-of-pocket expenses such as medical
co-pays, dental work, glasses, $0.24 per mile to get to and from medical appointments, nursing home
costs, health and long-term care insurance and even the cost of adding a wheelchair ramp to your
home. (Note: If you're self-employed, the cost of medical insurance is deductible on more favorable
terms on your Schedule C.)

One point of confusion: Many people help pay for their health insurance with pre-tax money taken out of
their pay. Even though those insurance premiums are a big and rising expense, they aren't deductible
since they come out of untaxed money.--------KNOWLEDGEFINANCIAL.COM

Here's another catch: You can only deduct medical expenses to the extent they exceed 7.5% of your
income. So most people, while they may feel their out-of-pocket medical costs are high, will not qualify
for much of any medical deduction unless they have a catastrophic illness or a family member in a
nursing home.

Let's take the example of Charlotte, a single mom filing as a head of household. Charlotte works in a job
with medical insurance and has an adjusted gross income of $42,000, She had out-of-pocket medical
expenses totaling $3,300. But only expenses above $3,150 (7.5% of $42,000) are deductible for
Charlotte. So she can deduct only $150 in medical expenses. (If she had a medical flexible spending
account at work, she could have paid all of her expenses out of that -- pre-tax.)

3. Some Real Estate Taxes Are Deductible Either Way

Yes, real estate taxes on your first and second home are deductible. Charlotte paid real estate taxes of
$1,200. That means if she itemizes, she can deduct $1,200. But remember, for 2009, if she claims the
standard deduction, she can deduct $500 of that tax anyway.

4. Your Deductible Mortgage Interest Could Be Shrinking

Yes, this can be a big itemized deduction. But as you pay down your mortgage your interest deduction is
lower, and that write-off becomes less valuable as an itemized deduction. Moreover, when you
refinance to get a lower interest rate, your mortgage deduction also goes down.

Note that points you pay on a new mortgage may be deducted in full the year you pay them, but those
paid to refinance a mortgage must be deducted over the life of the new loan. Also be aware that closing
costs are never deductible on a personal residence, although many of my clients seem to be told
otherwise.

5. Charity Requires Record Keeping------KNOWLEDGEFINANCIAL.COM

You need receipts for any and all donations, including $20 you put in the church collection plate on
Sunday. The Internal Revenue Service is serious about the records part, and if you're chosen for one of
its "correspondence audits," it will deny charitable deductions you can't substantiate.

You cannot take a deduction for your time, but your travel to perform charitable works is deductible at
$0.14 per mile. Back to Charlotte, who keeps fastidious receipts, gives generously and volunteers
frequently at her church. Between donations and mileage, her deduction for charitable giving if she
itemizes is $2,200.

6. Miscellaneous Deductions Are Deductible, but ...

Various items, including preparation fees, safe deposit box fees, and unreimbursed job related
expenses are also deductible -- but like medical deductions, only to the extent that they exceed a
certain percentage of your income. For miscellaneous deductions, that is 2%.


KNOWLEDGEFINANCIAL.COM