Thursday, March 24, 2011

G&G Tax Tip: Property Tax Exemption for Disabled Veterans

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

HB 1645 Real property tax; exemption for disabled veterans.

Imhotep (Wisdom To You) G&G Readers,

This is a great tax break for Disabled Veterans. Even though this particular legislation applies to Virginia, other states have similar laws for disabled veterans. Check with your local tax office to see if an exemption may be available to you.

Real property tax; exemption for disabled veterans. Codifies the constitutional amendment adopted by voters in November, 2010, that provides for a property tax exemption for veterans who have a 100 percent, service-related disability. The exemption would apply to the principal residence and the land, not exceeding one acre, upon which it is situated. However, if the locality exempts more than one acre under its tax relief program for the elderly, then the real estate tax exemption for the disabled veteran would apply to the principal residence and the same number of acres as are exempt under the tax relief program for the elderly. The constitutional amendment requires the General Assembly to enact the exemption in general law.

For full text and article, visit:
http://lis.virginia.gov/cgi-bin/legp604.exe?ses=111&typ=bil&val=hb1645


-------------------------------------------------
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 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 with this offer if you file your taxes before March 15th, 2011. If you are a senior citizen (above 65) you 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 2010 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 2010 or 2011 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

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

*** G&G Tax Preparation Services “Price Guarantee”; We Guarantee to beat any other “tax professional’s” price.

Also, all new clients get a 50% discount off the 1 – year annual subscription to G&G Investment Society (GGIS) paid newsletter service a ($49) value.

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.

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

As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.

"The hardest thing in the world to understand is income taxes." Doing Your Taxes doesn't have to be difficult. You could do it yourself but that's like changing your own oil, what else could be wrong with the car? Let us do the job for you accurately and efficiently to get you all the money you deserve.

Visit our website for more information or contact us today to set your appointment.

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.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Black Improvement Economics is a service ofThe Imani Foundationhttp://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.

No comments: