201009.17
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Not-For-Profits: Get Once in a Lifetime Financing!

The American Recovery and Reinvestment Act has created an exceptional opportunity for not-for-profits and the banks loaning to them. This is tax-exempt financing that also provides the not-for-profit with much more favorable interest rates and terms than those currently available in the marketplace. Working through an Illinois state agency, the banks loaning to 501(c)(3) applicants…

201007.08
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Don’t Blow a Perfect Game

Haven’t we all wished at one time or another for the option of an instant replay? Probably not as much as umpire Jim Joyce did last week after calling a runner safe on what would have been the last out of a perfect game by Tigers’ pitcher Armando Galarraga. The later video showed the runner…

201005.24
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Hire a Smart Kid, Get a Discount from the IRS

You can eliminate your employer share of the Social Security tax wages by hiring a “qualified new hire.”  This means a 6.2% tax exemption from wages paid to these workers from March 19, 2010 – December 31, 2010. As part of the Hiring Incentives to Restore Employment Act, this tax exemption is available to taxable…

201005.20
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IRS Tax Bounties Can Make You Very Rich

Ever get angry that you have to pay the IRS a big chunk of your income, but others don’t play fair and get away with it?  This is your chance to penalize evaders and get rich rewards, all from the IRS. Join the ranks of the whistleblowers!  The number of taxpayer whistleblowers increased over 400%…

201002.05
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New Number One Discrimination Claim: Retaliation

New statistics released by the Equal Employment Opportunity Commission (EEOC) show that in 2009, employees filed claims against employers based on what’s called “retaliation” just as often as they filed based on pure discrimination claims. According to the EEOC, 36% of claims filed against employers in 2009 were based on “retaliation” claims, tying race discrimination…

200912.30
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Tax-Free 2010? Humbug!

Happy New Year from Lynam & Associates! So what happened to the estate tax? Temporarily, it’s gone. Congress never enacted a new estate tax, and the old one expires at midnight tomorrow. The current estate tax disappears completely in 2010; in 2011, the estate tax will come back in its pre-Bush Jr. form with a…