Schwab Charitable, one of the country’s largest and fastest growing national donor-advised funds with 12,000 donors and nearly $2 billion in assets, announced today that grants to charities during the third quarter of 2008 were up 12 percent from 2007 levels. The increased giving, which comes as turmoil on Wall Street has cut contributions […]
Mortgages for minorities: the forgotten cause of the credit crisis?
When a Christmas cracker goes bang! it is only after equal and opposite forces have pulled on it from an opposite direction. To extend the metaphor, the bang is the sound of our economy imploding. But while the media have focussed on one force, the greedy bankers and neo-financial architecture, nothing has been said about […]
Budget and Tax thoughts for Dobbs Ferry
Tough economic times will require a local budget response. By mid August of this year financial firms globally have posted $493 billion in write downs and credit losses according to Bloomberg News. The World Bank reports this figure may rise to one trillion dollars. New York State is especially vulnerable to the financial service […]
Wind, solar energy built on temporary tax breaks
Congress is putting the short-term future of renewable energy companies in jeopardy even as the presidential candidates and most lawmakers hail windmills, solar panels and biofuels as long-term solutions to high gasoline prices and global warming. Some $500 million in investment and production tax credits will expire Dec. 31 unless Congress renews them. Without that […]
Indian taxpayers can now file their income tax returns without Form 16
The officials from Central Board of Direct Taxes have said that the taxpayers can now file their returns without Form 16. According to them annexures and certificates relating to tax deducted at source like Form 16 are not required to be submitted along with income tax returns. The credit for tax deducted at source will […]
New Poll Reveals Most Americans Feel Tax Rebates Will Not Stimulate Economy
A CNN News/Opinion Research Corp. poll conducted back in the end of April revealed that the state of the United States economy looks grim. Within the last few months, there were talks from President George W. Bush and his administration about stimulating the economy. He said that there would be stimulus checks coming in the […]
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