TOM MARTINO’S BLOG

TAX SAVINGS – USE “SECTION 179”

By at October 30, 2014 | 11:38 am | 0 Comment

TAX SAVINGS – USE “SECTION 179”

The IRS has a section of the code that allows you to take a deduction for the purchase of business equipment, all in one year, instead of spreading it out over many years in "depreciation".  As the name implies, the section of the IRS code is #179. more...

READY , TAXES , TOM MARTINO'S BLOG , , , , , , , ,

TAX DEDUCTIONS & CREDITS: KNOWING THE DIFFERENCE

By at October 30, 2014 | 10:49 am | 0 Comment

TAX DEDUCTIONS & CREDITS:  KNOWING THE DIFFERENCE

This may seem obvious to some but there is much confusion over the difference between a tax "deduction" and a tax "credit". A tax deduction gets subtracted from your taxable income, which in turn lowers your taxable income, which lowers your taxes. more...

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THANKS TROUBLESHOOTER! I GOT A NEW ENGINE!

By at October 29, 2014 | 9:50 am | 0 Comment

Andy bought a truck from O'Mera Ford and he claims he did not get a three-day emission voucher.  (By the way, a three-day voucher give consumers three days to get an emissions sticker for the car.  If the car fails within that 3 days, the consumer has a right to demand that the dealer fix it or undo the deal).  O'Mera claims they did issue the voucher but could not more...

MOTOR VEHICLES , READY , TOM MARTINO'S BLOG

MINERAL RIGHTS – BETTER UNDERSTAND THEM!

By at October 28, 2014 | 1:46 pm | 0 Comment

MINERAL RIGHTS – BETTER UNDERSTAND THEM!

If you own the mineral rights beneath your property, no one can dig, drill or mine for those minerals without first buying those rights or leasing those rights from you. Beware! If you lease or sell your rights, you could be devaluing your property substantially. That's because the mineral rights you grant to others could prevent (or severely limit) the land from being more...

READY , REAL ESTATE , TOM MARTINO'S BLOG

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