Home | Live Now! |  Try it Now
Eileen Ambrose: Live chat with tax expert Steve Albert
 
11:41
Eileen -  

Hey gang, we’re about 15 minutes away from the start of our live chat with Steve Albert, a tax partner with Glass Jacobson in Owings Mills.  Albert has represented clients before state and federal officials, so if you need to make right with the IRS, he’s the guy to talk to.   But Albert can tackle any other tax question you might have, too.   Meanwhile, take the poll below while we wait to start.

11:58
Eileen -  Steve Albert has been a certified public accountant with Glass Jacobson in Owings Mills since 1990. His expertise includes tax planning for retirement, estates, divorce and buying and selling businesses. He also represents clients before federal and state governments.
11:59
Eileen -  

Let’s get started. Our guest today is tax guru Steve Albert.  Steve, welcome and thanks for joining us today.

 

11:59
Steven Albert,CPA -  Hi Eileen and viewers
12:00
Eileen -  Steve, let me ask the first question. If there is one tax move we can make now to lower our tax bill in April, what would you suggest?
12:01
Steven Albert,CPA -  

Eileen,

 

In order to reduce tax for 2009, if you have the ability to contribute to a pension plan, that would reduce taxes.

12:01
[Comment From Fred ]
My wife owns a commercial building in which she has run a business out of while we have lived in the loft apartment above her work for years. We built and moved in a new house in 09. This is the first house I have owned (same for her with the exception of the commercial building). The house is in my name. We file taxes jointly. Will we be able to obtain the $8,000 tax credit? Thanks
12:02
Steven Albert,CPA -  

Dear Fred,

 

I am the bearer of bad news.

 

The first-time homebuyer credit of $8,000 is available for purchased between January 1, 2009 and before December 1, 2009.   The first-time homebuyer credit is reduced for modified AGI between $75,000 and $95,000 ($150,000 and $170,000 for joint filers).  Neither the individual nor the spouse could have any interest in a primary residence within a 36 month period prior to the purchase.

 

12:02
[Comment From WD ]
How does one report an admitted tax cheat? This guy brags about cheating on his taxes. Can this be done under condition of anonymity? I am willing to identify my self to IRS, but want the source not to be made public.
12:03
Steven Albert,CPA -  

Dear WD,

 

The Internal Revenue Service has issued procedures to follow to be a “Whistleblower”.   You should contact the IRS Whistleblower office.   There can be rewards of as high as 30%. This is according to IR-2007-201.   This is filed on Form 211, Application for Award for Original Information.   The Internal Revenue Service keeps your identify private.    

 

    Page 1  Next >
 
Powered by: CoveritLive  Reader Information