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Ian Woodman, Idaho Tax Relief Expert, Gives an Overview of 2012 Tax Changes

May 4, 2012 By 10 Comments
Ian Woodman Idaho

Ian Woodman Idaho

Ian Woodman, Idaho tax resolution firm Instant Tax Solutions co-founder, helps lead a team of tax experts. Together, they work hard to stay abreast of tax changes each year, explains Ian Woodman. Idaho taxpayers and others across the country were impacted by several changes in the tax laws this year. Today, Ian Woodman of Idaho explains what those tax changes were and how they might affect you.

Recently, you may have noticed an increase in the federal withholding allowance, describes Ian Woodman. Idaho residents are now able to withhold $3,800. This allows taxpayers to have more deducted from each paycheck in order to avoid paying at the end of the year. Ian Woodman ’s Idaho Instant Tax Solutions sees some taxpayers who prefer to maximize withholding throughout the year in order to see a larger tax return the following spring. This can help pay for vacations and large purchases, Ian Woodman of Idaho acknowledges. The increase in the withholding allowance means that, according to Ian Woodman, Idaho residents can have more held out throughout the year to receive a larger tax refund at tax time.

Another increase the IRS instituted this year was an increase in the social security wage limit, says Ian Woodman. Idaho residents will be taxed up to $110,000 on earnings in 2012, Woodman adds. The good news is the tax rate stays the same—7.65% for individuals and 6.2% for employers. The Medicare tax will remain the same—1.45%, according to Ian Woodman. Idaho residents should note there is no wage base limit for the Medicare tax.

One of the biggest changes for Ian Woodman ’s Idaho clients this year is the end of the advance payment of the Earned Income Credit. This, Ian Woodman of Idaho explains, was a program designed to help those making low to moderate wages. As the economy begins to once again gain ground, Ian Woodman ’s Idaho office is seeing less governmental programs to help taxpayers. But this is good news as people begin returning to work, concludes Woodman.

Ian Woodman, an Idaho tax relief specialist, established Instant Tax Solutions in 2008 with his business partner Byron Pedersen. Together, they share a mission of providing stress-free tax relief with honesty and integrity to taxpayers. Ian Woodman, Idaho businessman, helps to lead Instant Tax Solutions, which boasts 4,000 clients and is served by 25 employees.

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The Instant Tax Solutions Ratings Team Opens up About Industry Problems and Solutions

April 26, 2012 By Leave a Comment
Instant Tax Solutions Ratings

Instant Tax Solutions Ratings

In this exclusive interview, the Instant Tax Solutions Ratings Team discusses how consumers can help protect themselves from deceptive tax relief agencies.

Interviewing Experts: Good afternoon and thank you for joining us.

Instant Tax Solutions Ratings Team: We are always happy to offer taxpayers information on our industry.

Interviewing Experts: There has been a great deal of bad press lately regarding the tax services industry. Can you tell us how firms like Instant Tax Solutions handle that?

Instant Tax Solutions Ratings Team: It can be difficult at times, since one bad news report can reflect badly on the industry as whole.

Interviewing Experts: We’ve seen that all too often in almost every profession.

Instant Tax Solutions Ratings Team: Yes, that’s true. All we can do is make sure that consumers are away that not every business of our nature is out for a fast buck; many of us are very dedicated to what we do.

Interviewing Experts: What are some of the deceptive practices that Instant Tax Solutions believes need addressing?

Instant Tax Solutions Ratings Team: We believe that TV and radio spots should be restricted to only the facts. No one should be able to tell a taxpayer that their tax problems are over without any kind of consultation.

Interviewing Experts: What about fees?

Instant Tax Solutions Ratings Team: Fees should be fair and negotiated only after a good faith review of an individual taxpayer’s situation.

Interviewing Experts: After the good faith analysis, then the parties can enter into an agreement?

Instant Tax Solutions Ratings Team: Yes, exactly. Many of the “as seen on TV” agencies require a service agreement before even getting the taxpayer’s last name. Those groups are notorious to making false promises.

Interviewing Experts: Which is why the industry is viewed negatively sometimes?

Instant Tax Solutions Ratings Team: Unfortunately, yes.

Interviewing Experts: We understand that the IRS has pretty strict requirements before offering any reduced fees. How hard is it to do this alone?

Instant Tax Solutions Ratings Team: We won’t say that it can’t be done. It can; but without someone who is familiar with IRS procedure, it can be difficult to say the least.

Interviewing Experts: So no one can guarantee easy relief on a wide scale? There are no “Bail out” or “Stimulus Programs” offered by the IRS?

Instant Tax Solutions Ratings Team: No, and that is a topic that we believe needs to be addressed – that some agencies advertise to sound like they are offering a government sanctioned benefit.

Interviewing Experts: That sounds like a topic your firm is passionate about.

Instant Tax Solutions Ratings Team: It is very close to our hearts. Our IRS enrolled agents, legal counsel, and other tax professionals are the best in the industry. We think that taxpayers are entitled to education and learning to spot a scam is one way they can protect themselves when they are most vulnerable.

Interviewing Experts: Thank you for your time today. We appreciate the information.

Instant Tax Solutions Ratings Team: You are very welcome.

The Instant Tax Solutions Ratings Team is a group of tax professionals who are devoted to teaching consumers the importance of education when facing the IRS. The group offers ratings and reviews of industry practices and IRS policy. For more information or for Instant Tax Solutions ratings and client testimonial, please visit www.instanttaxsolutions.com

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Kummetz Corp LLC Steps up Cement Production Efforts in Brazil

March 30, 2012 By 10 Comments
Kummetz Corp LLC

Kummetz Corp LLC

Partly because of the Kummetz Corp LLC’s presence in Brazil, the country is one of the leading producers of cement in the world.

In 2010, Brazil was ranked number six by the USGS Mineral Programs Cement report for the production of this valuable building material, says the Kummetz Corp LLC. Eloi Kummetz, founder of the Kummetz Corp LLC, hopes that Brazil can continue to climb those ranks, as the country has the workforce and the resources to make cement a profitable export. With a current annual production of 59 million tons of the product, it seems that Brazil is certainly positioned for success in the industry, says the Kummetz Corp LLC.

According to the Kummetz Corp LLC, cement is one of the most popular building materials in the world. It is used in everything from home gardening to strengthening the infrastructure of poverty-stricken areas of the world, says the Kummetz Corp LLC. The Kummetz Corp LLC has been able to utilize its own production of cement to help foster the development of safe and affordable housing in Brazil, as well as Africa.

The Kummetz Corp LLC also notes that by bringing industry into traditionally agricultural communities, they are able to help create a more positive financial outlook for the area’s residents. Brazil, notes the Kummetz Corp LLC, is still in recovery from a long history of socioeconomic inequalities, but is currently listed as one of the top 10 financial leaders in the world. Over the last century, Brazil has become a major exporter of other necessary products, such as petroleum, textiles, and renewal biofuels, like ethanol, says the Kummetz Corp LLC.

Eloi Kummetz, founder of the Kummetz Corp LLC, licensed the firm in Brazil in 2006. At that point, the firm bought out Kummetz Construction and Projects Ltd., which had been operating in the country since the late 1990’s. Through this merger, the Kummetz Corp LLC has helped Brazil become a leading exporter of cement, and now, the country boasts the United States and Bolivia as major importers of the product.

About Kummetz Corp LLC

The Kummetz Corp LLC was registered in the state of Nevada in 2005, although the firm has operated on a global scale for much longer. The Kummetz Corp LLC has satellite offices in some of the remotest regions of the world, allowing them to react in areas with the greatest need for economic stimulation. The firm consistently produces a steady return on investment for their clients through funding projects that bring change to some of the poorest areas of the world.

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Ian Woodman Offers Tax Tips: How You May Be Overpaying Taxes

March 23, 2012 By 10 Comments
Ian Woodman

Ian Woodman

According to Ian Woodman, a number of past studies estimate that many taxpayers overpay taxes. This, according to Ian Woodman, was largely attributed to the number of taxpayers who understate charitable contributions. [Read more…]

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Kummetz Corporation Answers Questions About Gold Mining in Columbia and Bolivia

February 1, 2012 By 10 Comments
Kummetz Corporation

Kummetz Corporation

Kummetz Corporation is different from many other financial investment firms. The company, licensed in Nevada in 2005, has projects throughout the world as it seeks to help stimulate economic development in countries that need it. Today Kummetz Corporation speaks about one of the Company’s latest projects, gold mining in Columbia and Bolivia.

Q: Kummetz Corporation is involved in a variety of projects throughout the world. What made you decide to get into gold mining in these areas of the world?

Kummetz Corporation: Well, in Bolivia specifically, opportunity exists for gold mining but the area is suffering from more than half a century of underfunding and poor management. By investing in the gold mining industry in that country, Kummetz Corporation can do wonders for the economy. The production and exportation of gold could mean extra jobs and more money coming into the area’s businesses.

Q: In Columbia, Kummetz Corporation is working with companies to explore some land. Explain that to us.

Kummetz Corporation: We’ve focused our efforts on the northern region of Columbia, where Kummetz Corporation has established partnerships with some companies in the area. We have more than 9,000 acres of land to be explored in that region of the country. We’ll primarily be looking for gold and platinum.

Q: What are the benefits of mining for gold in these two areas?

Kummetz Corporation: For Kummetz Corporation, we see this as a probable great return on our investment. But we’ve always been more interested in how we can make a difference in the world. For these countries, the vast amounts of gold that can be uncovered in these mining expeditions can do wonders for economic development. That’s what Kummetz Corporation is all about helping to jump-start the economy in areas that really need it.

Q: Gold mining isn’t the only way Kummetz Corporation is helping stimulate economic development. Describe some of the work Kummetz Corporation is doing with housing developments.

Kummetz Corporation: Much of our work is in Eastern African countries, where apartheid has left many residents without housing, even after all this time. Kummetz Corporation works with construction companies there to provide speedy, low-cost construction development for residents. We also focus on keeping these developments environmentally friendly, as with everything we at Kummetz Corporation do.

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