Optimizing Social Security Retirement Benefits

  Title: Optimizing Social Security Retirement Benefits – How Many Thousands of Dollars Will YOU Leave on the Table? Date: Thursday, September 20, 2012 Time: 12:00 PM – 1:30 PM EDT Space is limited. What if you discovered that what you dont know about Social Security could result in your walking away from potentially thousands of dollars of additional income? It happens to …

Tax Implications for Sole Proprietors and Self-Employed Consultants

Picking up a second job to supplement household income in a tough economy is becoming more common. Many Americans are choosing to become consultants that visit homes to sell make-up, jewelry, candles, kitchen utensils and food products. Some may not realize the tax implications of becoming a sole proprietor and what they need to do to file taxes. Conducting business …

September is Life Insurance Awareness Month

Life insurance can do some pretty amazing things for people. It can buy loved ones time to grieve. It can pay off debts and loans, providing surviving family members with the chance to move on with a clean slate. It can keep families in their homes and pre-fund a childs college education. It can keep a family business in the …

2012 Corporate and Individual Filing Deadlines for 2011 Extended Returns

As a courtesy to our friends and clients we would like to remind you, the final corporate and individual income tax returns deadlines are fast approaching. September 17, 2012 is the last day for corporations to file extended returns. This due date applies only if you timely requested a six-month extension. Also, please note October 15, 2012 is the final …

9 Questions, Mistakes and Tips Every Boomer Should Consider on Long-Term Care

For many boomers, long-term care needs short-term attention. Seventy-seven million of them will become senior citizens during the next 18 years, bringing more focus to how they will be cared for and pay for care in their twilight years. Long-term care insurance is an option, but the market is undergoing changes. Twenty-one major insurance companies no longer offer individual long-term …

Refinancing Could Restart the Real Estate Market

Allowing people to refinance their mortgage could be the catalyst to revive our economy and reduce unemployment. Critics point out that it sends the wrong message for those in need of refinancing since they were irresponsible and created their own financial woes. Their point is a good one, but it is no longer relevant in this age of government “bail …

Gerber Life College Scholarship Contest

Winning a $20,000 scholarship toward a college education would be a nice surprise for any parent. Gerber Life Insurance Company has made that a possibility with the first-ever Gerber Life College Scholarship Contest. In order to qualify parents simply need to submit their child’s drawing of what they want to be when they grow up. The contest begins August 1 …

Retirement in America 2012

The Transamerica Center for Retirement Studies ® (the Center) recently released its 13th Annual Retirement Survey.  Since 1999, the Center has conducted a national survey of U.S. business employers and workers regarding their attitudes toward retirement. The overall goals for the study are to illuminate emerging trends, promote awareness, and help educate the public. This year 3609 full and part-time …

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Tax and Financial Planning Summer Special

Palma Financial Services, Inc. is once again offering a free tax review and financial analysis with each tax preparation appointment. This is a summertime special which will expire September 30, 2012. To take advantage of this offer call now to arrange an appointment, 925-307-5454 and mention this ad. Miguel Palma CPA/PFS is a Certified Public Accountant and Professional Financial Specialist …

IRS Toughens ITIN Application Requirements, Responding to Problems with Undocumented Workers

The Internal Revenue Service recently reported that it is making important interim changes to strengthen its procedures for issuing Individual Taxpayer Identification Numbers from now through the end of the year. In an Accounting Today article by Michael Cohn the implication is very misleading; it gives the reader the impression that undocumented workers received $4.2 billion of fraudulent refunds due to …