http://id-buy.com/ Is it true that you could be taxed on the sale of your home? The simple answer is yes! Rick Bennett discusses the tax implications of short sales with the looming expiration of the Debt Relief Act of 2007. Most short sales take, on average, about 6 months from beginning to end. Starting a short sale in January of 2012 will most likely take until June or July to be completed. Please send this message to anyone you know having financial difficulty, moving for employment, divorce, or any other hardship that will require them to sell their home for less than what they owe. The clock is ticking and time will run out, your outreach might save a family from financial ruin.

Duration : 0:2:18

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Technorati Tags: 1099c, act, Bennett, Debt, estate, foreclosure, forgiveness, help, ID-BUY.com, liability, real, relief, Rick, sale, sales, short, tax

Learn from IRS experts what qualifies as business income.

Duration : 0:2:27

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Technorati Tags: business income, business.gov, income, IRS, small business, tax, Taxes

Bruce Josten introduces a study by renowned economist and former Clinton Under Secretary of Commerce for Economic Affairs, Dr. Everett M. Ehrlich, highlighting the significant stimulative effects that a temporary waiver of business’ income tax related to the cancellation of indebtedness would have, and asserted that it was uniquely positioned to address both the “real” and financial problems plaguing the economy.

Duration : 0:1:37

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Technorati Tags: Debt, economy, stimulus, tax

http://www.theshortsaleminute.com If you are wondering what your tax liability will be after a foreclosure or a short sale you should watch this video. The federal laws are standard across the country regarding IRS. However each state has different tax codes. California just signed a new law that forgives the debt as income. Good news if you live in California. For more information on this and other short sale resources please visit our web site at www.theshortsaleminute.com

Duration : 0:4:8

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Technorati Tags: california, code, consequences, foreclosure, IRS, sale, short, tax

Gear Ups ever-popular 1040 Individual Tax Seminar is our flagship course—you wont want to miss this learning opportunity to get geared up for tax season, with the latest in legislative changes; exploration of new and revised credits and benefits; and key issues for todays tough economy—such as IRS collection issues, cancellation of debt, and foreclosures.

Take a quick look at Gear Up speaker Dave Krebs teaching a 1040 Individual Tax seminar. If you can’t catch a live 1040 seminar, this video is available as part of a Gear Up 1040 self-study package.

For more information, visit trainingcpe.thomson.com/GearUp or call 800.231.1860.

Duration : 0:1:30

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Technorati Tags: 1040, Accounting, CPA, CPE, GearUp, tax