Using Taxbrain’s New Tax Preparation Video Service For Tax Assistance

Taxbrain Begins An Amazing New Tax Service: Instant communication with certified tax professionals without having to leave your home.

Taxbrain.com, a leader in the industry of online help with taxes, has just decided to provide another great service. That is YOU&US, a video service that lets your taxes be done by professionals, all online. You can ask them questions or for suggestions or guidance, or just sit back and watch as your taxes are prepared correctly and efficiently. It is like having a professional right in the room with you. this program is a browser based that allows video communication two ways, audio, shared desktop information, and more.

Craig Petz, the VP at Taxbrain, is quite excited about Taxbrain. He thinks it is what their customers are looking for. It lets them solve tax problems in a convenient way, and it uses the latest technology to do that, all while involving the customer. It is a service that many people will find quite handy, and others may find almost indispensable.
They are also having a Ask a Pro service, which features 30 minutes of conversation with either a professional from Taxbrain, or someone working for the IRS. The 30 minutes covers a range of commonly asked questions and concerns people have about doing their taxes. These programs can be used separately or together.

Taxbrain started in 2002 and has since then emerged as a reliable and trusted source for tax information and help. Thousands of people used them for taxes 2010 last year. This year, try them out, and make your taxes less of a hassle.

California Faces Battle Over Budget

A budgetary showdown is looming in California over taxes 2010 as a constitutional deadline approaches. California which is the eighth largest economy in the world, faces running out of money if no budget is approved by the first of July. This would force California to issue IOUs as was done in 2009. The California constitution requires any tax increase to be approved by two thirds of the legislators. At the present time the Democrats need four more votes to pass the budget but the Republicans are vowing they will block its passage.

Top ranked Republican Jim Neilsen of the Assembly Budget Committee says there is nothing in the framework of the current budget that deserves his support.

Brown who is now 73, took over the position of governor of California in January of this year. He had pledged to repair fiscal problems in California that give it the worst credit rating of all the states according to Standar & Poor’s. At the beginning of the year California had a deficit of $26 billion. Recent government spending cuts and increased revenue have lowered the gap to $10 billion.

The plan for taxes 2010 that Brown is proposing includes keeping a one percent boost in retail sales tax to 8 and a quarter percent. There is also a proposal to raise the fee to register a car to 1.15 percent of the value of the vehicle. The plan extends the reduction of the annual child tax credit to $99 from the previous amount of $309.

Bush Tax Cuts Do Not Need a Tax Extension

According to the Economic Policy Institute (EPI) it has been ten years since the tax cuts from former President George W. Bush were passed into law, and people are still unhappy about the outcome of the tax reductions.  People believe that the tax cuts were useless, very expensive, and not fair to all Americans.

EPI wants what is best for the economic status of the middle- and low-class Americans.  While doing some research, they found ten things about the Bush Tax Cuts that are important to know and understand.

1. The tax cuts helped out the wealthy more than anyone, … Read the rest

According to the Economic Policy Institute (EPI) it has been ten years since the tax cuts from former President George W. Bush were passed into law, and people are still unhappy about the outcome of the tax reductions.  People believe that the tax cuts were useless, very expensive, and not fair to all Americans.

EPI wants what is best for the economic status of the middle- and low-class Americans.  While doing some research, they found ten things about the Bush Tax Cuts that are important to know and understand.

1. The tax cuts helped out the wealthy more than anyone, and they are the ones that needed help the least.

2. Low-income families only received around 1% of the tax cut benefit, and some of these families did not see any improvement at all in their overall tax situation.

3. Wages were lowered and there was no trickle down of opportunities like there was hoped to be.

4. The stimulus was very poorly designed.

5. The economic growth that was likely to happen was not long-term and the recession increased as time passed.

6. The tax cuts were so widespread that it made the national debt even greater than previously anticipated.

7. The cuts were more expensive than they promised to be.

8. They were more expensive than promised, and they still continue to be expensive.

9. Much Federal revenue was reduced by these tax cuts as estate taxes were removed.

10. Finally, the cuts have increased interest spending by America, even today. Much of the new debt is required to pay the interest on the new debt accumulated.