Seko's Tip: Protect thy credit volume 1

Protect Thy Credit (Volume 1)
Great services for a fee and for free !
Choose what's best for your particular situation......

You might be aware of the growing problem with identity theft. Someone can easily impersonate you and your credentials to get loans, credit & credit cards, and also to use your identity for medical uses....... all ways to ruin your credit standing and add endless hours of grief to you. If someone impersonantes you it can take hours upon hours to clean up the headaches. Often the one impersonating you can be a family member. I know of countless families where the parent owed on a utility bill and simply took out a new account in the name of one of thier children, or where a family member used another member's credentials to get some illegal money. Of course in many cases the person breaking the law isn't faced with any consequences, but the one whose identity was compromised had to deal with a bit of hell.

I have a credit monitoring package which is marketed by Pre-Paid Legal that I purchased years ago. I've been happy with the serivce knowing that while they cannot prevent the theft totally, I'm covered by thier services to do all the crazy paperwork and phonecalls in my stead if the theft ever happens. I pay about $10 a month for this service and have had it for years. However very soon I'll be switching to a service my team markets. My team markets LIFELOCK's credit monitoring services which do about the same, and had improved thier services even more to make what I consider a superior service for credit monitoring. You may have seen or heard our advertisements and may remember the first advertisements in which the owner provided his social security number on the sides of busses daring anyone to take his identity as he was protected by his services. Truthfully his identity was eventually stolen and his services did clean up the mess as it states that it will. Monitoring does not provide protection, it's more like a burgular alarm with a dedicated investigator/house cleaner who will alarm you as soon as the theft occurs and clean up the mess after the theft happens. If you are intrested in obtaining LIFELOCK's services then visit the following link www.lifelock.com/wfg and enter code the member code 18CQO at the bottom of the page or call 1-800-LifeLock and provide them receptionist with the Promo Code "WFG" and the Member Id of "18CQO" to receive something special from my team. (PERKS !!!!! :)

There is a new Free credit monitoring service that one may want to consider. This services may not match to the services that we offer but it's worth researching. I found out about this service via Clark Howard. Check out the info' at this link: http://www.clarkhoward.com/videos/clark-howard/consumer-issues-id-theft/free-credit-monitoring-service/vX3N/ . I did not provide the name of the service purposefully as I am not marketing the service, follow the link for more details.

Lastly, the way to prevent identity theft, not monitoring & clean-up-after, is by Freezing your credit. The process to do so can also be easily found on Clark Howard's website by following this link: http://www.clarkhoward.com/news/clark-howard/personal-finance-credit/credit-freeze-and-thaw-guide/nFbL/ . There are some considerations when considering this action which are presented on the link I've provided. This may not best the best option entirely if one needs to provide access to thier credit frequently. Choose what's best for you and your situation.

Be Improved !

Seko VArner
15PNZ, World Financial Group
Financial FREEdom
http://www.happilyeverafter.be/financialfreedom.html

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Black Improvement Economics is a service of The Imani Foundation http://www.imanifoundation.com/ . These posts provide information that may aid financial improvement. The information on this site is provided as opinion and should not be construed as professional legal advice, nor professional financial advice, nor professional tax advice. The end reader is advised to seek professional assitance to address one's particular situation. The posts on this site may be third party information and may not be copyrightwritten by the poster of the information.

Tax tip: Interest on Refinanced Rental

This is
G&G Associates
Tax & Financial Consulting Services
e-Newsletter

Tax tip: Interest on Refinanced Rental

Karibu (Welcome) G&G Readers,

I received this question from a G&G subscriber and thought it would be useful to some of you.

Question: Three years ago, I refinanced my rental property, took out $40,000 of equity, and used the $40,000 for personal purposes. Since this loan is secured by my rental property, may I deduct the interest as rental property interest?

-------------------------------------------------
Internal Sponsorship:

G&G TAX PREPARATION SERVICES

G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

Our expert help includes our:

In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2010 and beyond tax season. (Referrals available upon request)

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off our normal fees. If you are active duty military you'll get a 15% discount. If you are a senior citizen (above 65) you'll get a 50% discount.

At G&G Associates, we GUARANTEE to beat "ANY" other tax professional's fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.

Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40. To make the deal even sweeter, after (4) four referrals you will get your taxes done for free.

For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link:

http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf

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Answer: No! You may not deduct the interest on the $60,000.

The law contains tracing rules that require you to follow the money to its use. In this case, this is personal use. Thus, the $40,000 part of this mortgage is a personal mortgage, producing nondeductible personal interest. Sorry.

Visit our website for more information or contact us today to set your appointment if you need a "TAX" OR "FINANCIAL" one-on-one consultation.

If you missed any past G&G newsletters, click on link below for the archive:
http://ezinedirector.com/admin/publisher/archive/public/?fuseaction=a&e=7944575E0843077440

Metta (Wishing You the Best),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee
*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes' or VA Amendment CFR 26 § 1.122-1]

P.S. If you're not a GGIS Paid Subscriber reader yet, why not? Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.

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Amended Taxes for Service Connected Disabled Veterans

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Amended Taxes for Service Connected Disabled Veterans

Hotep (Peace & Blessings) G&G Readers,

If you are a member or former member of the uniformed services of the United States (as defined in 37 U.S.C. 101(3)) who has made an election under Subchapter I of Chapter 73 of Title 10 of the U.S. Code (also referred to in this section as the Retired Serviceman's Family Protection Plan (10 U.S.C.1431)) to receive a reduced amount of retired or retainer pay, gross income shall include the amount of any reduction made in his retired or retainer pay then you may be able to take advantage of this tax deduction. The Regulation of the tax code I'm referencing is 26 Code of Federal Regulation (CFR) Section 1.122-1.

Ok… so what does all this mean? Let me break it down to you in pilot terms or better yet give it to you from the 20,000 ft. view. If you retired from the military with 20 years or greater time in service "AND" you are a disabled veteran rated 90 percent or less then you possibly may be eligible to use this regulation to amend your taxes with the IRS and get back a sizeable refund. This tax break would apply to your Federal and State tax returns.

Now, this rule has been in place for years but if you don't claim what's rightfully yours, then sometimes what you don't know can actually hurt you or at least your pockets.

So Far ... G&G Associates has helped disabled veterans retrieve over $150,000 in tax refunds for this mostly unknown regulation. But, it's only available to those who claim what's rightfully theirs.

Unfortunately, the IRS only lets you go back 3 years to amend your taxes. So, you could possibly miss out on claiming a refund lawfully yours if you procrastinate and do not take advantage of this tax break you could literally be letting thousands of dollars go down the drain.

If you'd like to have your taxes amended (Federal and State) and possibly receive a refund, please get in contact with me ASAP and I'll tell you what I need to see if you are eligible to take advantage of this deduction.

Click on the link below to review 26 CFR 1-122.1 so you can hopefully gain a better understanding of this benefit.

http://www.gngassoc.com/pdf/26cfr.pdf

Click on link below for info needed to see if you qualify for the deduction. Contact G&G Associates to setup an appointment:
http://www.gngassoc.com/pdf/110304_VA_Disability_Amendment_Prospect_letter.pdf

Please pass this information along to other service connected disabled veterans so that they can be made aware of this great tax benefit.

-------------------------------------------------
Internal Sponsorship:

G&G Tax & Financial Consulting Services

G & G Associates is a Black-Owned Business focused on easing its client's minds on
tax & compliance matters. With the ever changing and burdensome tax code, overwhelming
and confusing federal and state tax forms and increasing IRS scrutiny over most tax
items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

*** G&G Tax Preparation Services "Price Guarantee"; We Guarantee to beat any other "tax professional's" price.

Also, all new clients will get a "FREE" 1 hour Financial Success Strategy Consultation appointment a ($200) value.

We also pay a $40 (unlimited) referral fee for any client you refer that gets their 2010 taxes completed with G&G Associates.

Sign up for a G&G Investment Society (GGIS) Lifetime Subscription and you'll get a 50% discount "FOR LIFE" on getting your Taxes Prepared through G&G Associates.

------------------------------------------------

If you need a one-on-one consultation to evaluate your financial situation, contact me to setup an appointment and get 2011 started off on a good note.

As always…feel free to pass this info on to anyone who may be interested in increasing their financial IQ.

Thanks for reading,

Ankh Uja Snb (Life, Health, Strength),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." –
John Maynard Keynes

P.S. If you're not a GGIS Paid Subscriber reader yet, why not. Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on Facebook.

LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

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Diversity Restoration Solutions, Inc

This is
G&G Associates
Tax & Financial Consulting Services
e-Newsletter

Dear G&G Readers,

Several weeks ago I mentioned attending the 2011 Africa Business Conference. The conference focused on the opportunity of doing business with the next booming Continent, the Mother Land "AfRAka." If you want to know more and if you are interested in maybe embarking on the opportunity, I highly encourage you to become an ADISN member.

Click link for more details:
http://www.gngassoc.com/pdf/ADISN.pdf

Below is a message from Eric Sheppard, CEO of Diversity Restoration Solutions, Inc, sent out to conference attendees from this years conference. Enjoy!!!

Until the next time!

Ankh Uja Snb (Life, Strength, & Health),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

--------------------------------

On behalf of Eric Sheppard, President and CEO, and the volunteer staff at Diversity Restoration Solutions, Inc. (DRS), we thank you for attending the 2011 Africa Business Conference. From the feedback we have been receiving, this year's conference was the most productive and enthusiastic in our 3 year conference history. As a result of networking and hearing business presentations which provided information to help you understand what resources are available for doing business in Africa, many of you are preparing for a trade visit to Africa later this year.

We would like to thank our keynote speaker, Dr. Jack Gaines, for sharing his message of reconciliation and restoration. Thank you to our guest speakers - Elizabeth Sichinga, Dr. Okey Igbonagwam and Pierre Itoumbou – who shared their perspectives and encouragement as Africans helping to bridge a reconnection back to the continent for business and cultural relations opportunities. We also thank our conference sponsors, who with their support made this conference outstanding – South African Airways, Passport Health USA, United Airlines and Comfort Suites Suffolk - plus our table, advertisement and in-kind sponsors - Rillco, Inc., Construction Development Services, Inc., Virginia Business, Social Innovators & Design Group and Virginia Company Bank.

We hope that you walked away from this conference with a sense of which business opportunities or industry sectors will fit your company or organization. We invite you to stay connected to Africa news and happenings here in the U.S. and on the continent through our African Diaspora Industry Sectors Network (ADISN) trade program. If you did not receive it at the conference, I have attached ADISN information to this email.

Have a wonderful summer!

Sincerely,
Lisa R. Sheppard
2011 Africa Business Conference Coordinator
-------------------------------------------
Lisa R. Sheppard
Lisa R. Sheppard, Administrative Manager
Diversity Restoration Solutions, Inc.
P.O. Box 5277
Suffolk, Virginia 23435 (USA)
Office: +1.757.484.0906
Email: lsheppard@diversityrestoration.com

Web: www.diversityrestoration.com

"Merging Commerce and Culture in Africa"

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Tax Benefits for Thinking About and/or Starting a New Business

This is
G&G Associates
Tax & Financial Consulting Services
e-Newsletter

Tax Benefits for Thinking About and/or Starting a New Business

Karibu (Welcome) G&G Readers,

Question: At what point do the tax benefits start when you get into a new business (perhaps first business)?

Answer: The breaks start when you think about starting the new business.

Tax law's official name for these thinking-about-it expenses is "start-up" expenses.

Don't Miss Out on this Deduction

Experience shows that you will do one of four things with your start-up expenses (three of which are bad):

1. Take no deduction because you did not know that you could deduct the expenses of investigating and planning for a new business. (Most taxpayers do not know about the start-up rules and cheat themselves out of the deductions.)

2. Take the start-up deductions incorrectly as business deductions (cheating the government—until you're caught).

3. Capitalize the expenses, thereby cheating yourself of the deductions until you sell, close, or otherwise dispose of the business.

4. Correctly claim business start-up expenses.

The biggest failure for most is lack of knowledge. But, because you are now reading this article, you no longer suffer this disability...

Click below for full article:
http://www.gngassoc.com/TaxTips/TTOW_110707.pdf

Visit our website for more information or contact us today to set your appointment if you need a "TAX" OR "FINANCIAL" one-on-one consultation.

Until the next time!

Ankh Uja Snb (Life, Strength, & Health),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee

*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes' or VA Amendment CFR 26 § 1.122-1]

P.S. If you're not a GGIS Paid Subscriber reader yet, why not? Currently, our GGIS portfolio is packed with great plays to keep your portfolio for profitable in 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on Facebook.

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IRS Increases Mileage Rate to 55.5 Cents per Mile

This is
G&G Associates Tax & Financial Consulting
e-Newsletter

Tax Tip of the Week
IRS Increases Mileage Rate to 55.5 Cents per Mile

Imhotep (Wisdom to You) G&G Readers,

WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.

The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through Dec. 31, 2011. This is an increase of 4.5 cents from the 51 cent rate in effect for the first six months of 2011, as set forth in Revenue Procedure 2010-51.
In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2011. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.

-------------------------------------------------
Internal Sponsorship:
G&G TAX PREPARATION SERVICES

G & G Associates is a Black-Owned Business focused on easing our client's minds on tax compliance matters. With the ever changing and burdensome tax code, overwhelming and confusing federal and state tax forms and increasing IRS scrutiny over most tax items, taxpayers need to have at least this one part of their lives made easier, less stressful and more profitable.

Our expert help includes our:

In-Depth Interview — a thorough and complete experience designed to unearth every tax savings opportunity during the course of your tax preparation. We use these to the latest IRS guidelines to guide you through a painless, interactive session so that together, we catch every single detail that results in more tax savings for you.

We can service clients anywhere in the world and we look forward to assisting you in getting your tax return prepared for the 2010 and beyond tax season. (Referrals available upon request)

If you are a returning client you'll get a 25% discount off your tax preparation fees. If you are a new client you'll get $40 off our normal fees. If you are active duty military you'll get a 15% discount. If you are a senior citizen (above 65) you'll get a 50% discount.

At G&G Associates, we GUARANTEE to beat "ANY" other tax professional's fees. We take pride in not nickeling and diming our customers with unnecessary charges & fees.

Do you have a friend, co-worker or family member who might be interested in G&G Associates Tax Preparation Services? If so, then you can earn $40 for everyone you refer that files their tax returns with us. Just refer that person, and when we complete their tax return we will send you a check for $40. To make the deal even sweeter, after (4) four referrals you will get your taxes done for free.

For INSTRUCTIONS on how to get your taxes prepared visit our website, click on the "TAXES" tab and then download the "Tax Preparation Worksheet," or the left side of the page or click on the following link:

http://www.gngassoc.com/pdf/Tax_Prep_Worksheet.pdf

----------------------------------------------------------------------------

"This year's increased gas prices are having a major impact on individual Americans. The IRS is adjusting the standard mileage rates to better reflect the recent increase in gas prices," said IRS Commissioner Doug Shulman. "We are taking this step so the reimbursement rate will be fair to taxpayers."
While gasoline is a significant factor in the mileage figure, other items enter into the calculation of mileage rates, such as depreciation and insurance and other fixed and variable costs.

The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.

The new six-month rate for computing deductible medical or moving expenses will also increase by 4.5 cents to 23.5 cents a mile, up from 19 cents for the first six months of 2011. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.
The new rates are contained in Announcement 2011-40 on the optional standard mileage rates.

Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.

Mileage Rate Changes

Purpose Rates 1/1 through 6/30/11 Rates 7/1 through 12/31/11
Business 51 55.5
Medical/Moving 19 23.5
Charitable 14 14

Visit our website for more information or contact us today to set your appointment if you need a "TAX" OR "FINANCIAL" one-on-one consultation.

Until the next time!

Ankh Uja Snb (Life, Strength, & Health),

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

G&G Associates & G&G Travel are on Facebook, join our fan page.

**You must be a G&G Associates tax client to receive the $40 referral fee
*** [Price Guarantee does not apply to individuals, corporations or partnerships filing refunds pertaining to Revenue Ruling 2009-20/2009-09, 'Ponzi Schemes' or VA Amendment CFR 26 § 1.122-1]

P.S. If you're not a GGIS Paid Subscriber reader yet, why not? Currently, our GGIS portfolio is packed with great plays to kick-start your portfolio for 2011.

P.S #2 If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the "G&G Travel" link and let your travel planning begin. Let us know where you want to go and we'll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.

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