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New Tax Rules Concerning Gambling Activities

The Internal Revenue Service (IRS) has historically required that gambling winnings and gambling losses be separately accounted for. The reason for this has to do with the way gambling losses are deducted for tax purposes. Gambling losses are treated as an itemized deduction and reported on Schedule A of the individual income tax return (Form 1040). This creates a problem in the cases in which taxpayers cannot itemize (as is the case when a standard deduction is greater) or in which the taxpayer’s income exceeds a certain threshold (in which case the taxpayer loses part of their itemized deduction via a phaseout). In such cases the taxpayer does not get the full benefit of the gambling losses to offset against the gambling winnings. What the IRS is really after is the reporting and taxation of gross gambling winnings.

New Tax Rule:
According to a recent tax court case (Shollengerger, TC Memo 2009-36) taxpayers are allowed to net gambling winnings during a given day with gambling losses. This is a significant setback to the IRS. As an example, imagine if you were to win $2,000 in the morning at a casino and lose $900 later that afternoon. Prior to this court case, the IRS would require that you report the $2,000 in gambling winnings and then separately itemize the $900 in gambling losses on your tax return. The court instead ruled that the taxpayer in this case was permitted to net the gambling winnings for the day and report $1,100 as net gambling winnings instead of the $2,000 gross amount, the IRS mandated. The court went on to state that this “netting rule” only applied on a daily basis. It stated that a taxpayer could not net gambling winnings and losses for the entire year. ufa

Irrespective of this change in reporting and taxation of gambling activities, there are specific accounting requirements for gambling activities. The IRS requires taxpayers to keep a diary or ledger of all gambling activities. This tax accounting requires the taxpayer to record the following information concerning various gambling activities:
1. Type of gambling activity
2. Location of gambling activity
3. Amounts won and amounts lost for every activity
4. Number of games played
5. Cost of Bingo cards purchased
6. Winnings for each Bingo card
7. Copies of Keno tickets validated by the gambling establishment
8. Copies of casino credit reports
9. Copies of casino check cashing records
10. Records of the number of races bet on (horse, harness, dog)
11. Amount of racing wagers
12. Amount of racing winnings and losses
13. Record of slot machine number
14. Record of slot machine winnings by date and time per machine
15. Table number played (blackjack, craps & roulette)

16. Table credit card data including where credit was issued

All of the above items can be supplemented by receipts, tickets etc.

Tom is a Certified Public Accountant, a Certified Financial Planner, CLTC (Certified Long-Term Care) and President of Cerefice & Company, the largest CPA firm in Rahway, New Jersey. Tom works with clients helping them manage their money, retirement planning, college savings, life insurance needs, IRAs and qualified plan rollovers with an eye towards maximizing tax benefits and minimizing taxes. Tom is founder of the Rich Habits Institute and author of “Rich Habits”.

 

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Smart Home Entertainment

Smart home automation systems are great for monitoring your energy usage, or basic security or even turning off your lights and heating/air conditioning when you’re gone. Part of the draw in home automation however should be integrating your normal home systems together on easy to use control screens, or apps for your smart phone and tablet. Being able to control your home entertainment systems, your outdoor speakers, the lights in the living room or dining room, the intercom or anything else for that matter, from a touch screen controller, or an app, just has the feel of the 21st century. We may not have flying cars but we can stream movies to multiple devices!

This gets a little more complicated as ultimately you want one control system that monitors everything from your home security to your home entertainment system and appliances. There are several companies that make smart home controllers and home automation integrated systems that should be able to be installed with a little more advanced know how. Crestron makes some great controllers that can network with your lighting control systems and home entertainment with pretty minimal effort. The only downside is that you are pretty well stuck with Crestron products for all of your home automation in order to integrate all your systems as easily as you would want. The upside however is they have apps for your smartphones and tablets as well as home wall units and remotes.

Insteon makes a package lighting/home entertainment unit that will take over your private home theater quite nicely. It replaces several light switches and outlets for lamps as well as providing an integrated IR (infrared) controller that can be programmed as a universal remote for all your home theater systems. It’s a cheaper, easier way to get started on integrating home entertainment without the higher investment costs of the flashy displays and full systems Crestron offers.

Lutron probably offers the most comprehensive home automation systems. They have very specific products that will allow you to integrate lighting, home theater, home energy efficiency, window drapes, occupancy sensors and home security integration. Their systems allow you to integrate with third party devices, as well as purchase Lutron developed components and items for your house, your car, and every room in the house. Occupancy sensors, outside lighting, home entertainment and temperature control/energy monitoring gives you everything you need to create the most advanced home you can dream of. Their systems all work together allowing you to utilize an app for tablet or smartphone or connect to their repeaters over IP (Standard Internet Protocols). สร้างบ้าน

As you can see Home automation and the future of Smart Home Technology is not just a fad, or a passing fancy. These systems are available and offer easy integration into your home if you are willing to spend the time and money necessary to develop it. Whole home package solutions are possible as well provided you don’t mind the cost or preparation involved.

If you are in the process of building your own home of course this is much easier to deal with, just make sure your general or electrical contractor pulls the wires to where you want them to go in the house and ensure that your light switches and wall panel are from a system that you want to integrate in the future

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Do You Have an Internet Home Based Business Idea?

Now that you have had that internet home based business idea and have decided to start a business from home, selecting the right business opportunities is as easy as 1-2-3, well maybe 1-2-3-4!

1. Decide to Market a “Consumable” product

When trying to decide which internet home based business idea you should develop, just think about this for a minute – every time anyone gets out of bed each day and goes to work, someone makes money. Every time you pick up the telephone, someone makes money. Every time you eat, turn on the water, start your car, use a bar of soap, or get a haircut, or go on a vacation, someone makes money. Imagine transactions of hundreds or even thousands of dollars and also millions of $3 or $4 sales several times a month, year after year, after year.

The ideal internet home based business idea which develops into a turnkey home business is one that markets consumable products or services in such a way that after your initial effort is done; repeat orders, sales and commissions come to you for that effort on a continuing basis.

2. Be ahead of the major Market Trends

A “Market Trend” is really an economic movement, meaning that large masses of people’s spending habits are moving in a uniform direction. The effect the baby-boomers have had and will have for years to come on the American economy is a good example.

One leading economist likened the effect the baby-boomers have had on the economy since birth to a basketball running through a garden hose! That fact along can be a major factor in generating profitable home based businesses and should certainly be considered when developing our internet home based business idea.

When developing our internet home based business idea, the question we must ask ourselves is: Are we positioned in front of the basketball or behind it? บริษัทรับสร้างบ้าน

History shows that those who identify these trends early, and are able to meet the needs of these trends, are able to create abundant wealth for themselves. In essence, they get in front of an economic wave and ride it to financial freedom!

The key is timing. Get in front of the wave and take the ride of a lifetime.

Current research shows, that what most people want out of life is feeding the current market trends and should be considered in your internet home based business idea:

1. Owning Their Own Business

2. Having Tax Advantages

3. Being Financially Independent

4. Being Healthy

5. Being more environmentally conscious

6. Having A Rewarding Career

7. Owning Their Own Healthy Home

8. Looking & Feeling Younger

9. Losing Weight

10. Traveling

11. Improving Their Lifestyle

12. Personal Development Training and Support

Mega-Trends

These are the wants and needs of some very large consumer groups. In fact, some very large trends are gathering momentum as you read this. They are so large that they can accurately be called “Mega-Trends”.

One of the mega trends is in the area of Health and Wellness- An Internet Home Based Business Idea Because of the economic influence of the Baby-Boomers, economists are predicting that this industry will be the next Trillion dollar industry within the next ten years. Paul Zane Pilzer, an internationally known author, college professor and economic advisor to two presidents, predicts that there will be 10 million new millionaires in the Health and Wellness internet home based Network Marketing industry within the next 10 years. Now that could be a basis for an internet home based business idea!

 

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Get the Best From Your Grocery Store

Most adults say that they do not enjoy grocery shopping. It is time consuming and expensive. In addition, it is often an experience in frustration due mainly to the actions and behaviors of the other shoppers. What can be done? Aside from hiring a personal shopper, not much I’m afraid. However, if all shoppers could agree on some basic rules and codes of conduct, I believe that the trip to the grocery store would be much less frustrating and maybe even enjoyable. Here are my suggestions:

1. When moving through the store, use the basic rules of traffic that good drivers use. Stay on the right side of the aisle (in the United States). Pass on the left. Stop and look at intersections. If you are shopping with other people, you should either walk single file or spread out in the store. Three or more people walking abreast always seem to be the slowest moving individuals.

2. When not in motion, keep carts and humans together. If you are looking at an item, have your cart right next to you and up against the shelves so that other shoppers do not need to squeeze between your body and your diagonally parked cart.

3. Visit with your friends somewhere else. Most supermarkets have a deli with some chairs and tables. Using that area to catch not only gives the friendship the status that it deserves, it also shows respect to the other shoppers who might need an item that is behind the seven-foot wall that your bodies and carts have created.

4. If you change your mind about an item, you don’t have to walk all the way back to the section where you picked it up. You can give it to the clerk at checkout and one of the store employees will get it back to its appropriate spot. Leaving the package of pork chops on top of the toilet paper results in a loss for the store and higher prices we all pay in compensation. russian store

5. Take unhappy or misbehaving children out of the store until they are calm. The clerk at the courtesy counter will keep an eye on your partially-filled buggy until you return.

6. Unruly children must be contained for safety sake.

7. Once you get in a line, you are done shopping. No fair leaving your cart to dash back after one more thing, or to send someone else to get it while you hold the place in line. If it is that important, you must leave the line and then rejoin after you have everything you need.

8. Speaking of lines, when using the express lanes an item is one bag, one box, or one package. A plastic produce bag containing four oranges is one item. Twenty-five boxes of frozen Salisbury steak dinners are twenty-five items.

9. If you are paying for your groceries with a check, please fill out the date and the name of the store while the person ahead of you is being served. Waiting for the clerk to give you the total before even taking the checkbook out of your purse or pocket is stealing time from the people waiting behind you. You don’t need to use your best handwriting on the check either–it isn’t going to be framed and hung on a wall. Time-efficiency is the goal.

 

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Disruptive Technology and Examples of Disruptive Technologies

In 1997 Mr. Clayton M.Christensen ( A Harvard Business School Professor ) introduces a new term “Disruptive Technology”. He also describes that disruptive technology unexpectedly displaces an established technology. He explains later in his best selling book in 1997, “The Innovator’s Dilemma” and separate new technology into two major categories: Sustaining and Disruptive.

Sustaining technology: A technology which relies on incremental improvements to an already established technology is called sustaining technology. gps tracker

On the other hand the technology Because it is new so lacks refinement,often has performance problems,appeals to a limited audience and may not yet have a proven practical application. The most common example of disruptive technology is “Electrical Speech Machine” later called telephone by Alexander Graham Bell.

Professor Mr. Clayton M.Christensen point out in his book that no. of large corporations are like to work with sustaining technologies and they designed their work accordingly. Large Corporations are staying close to their customers, having a mechanism in place to develop existing technologies, so they excel at knowing their market. Marketing opportunities which are created by the low margin disruptive technologies may cause the capitalizing on the potential efficiencies and cost saving by large corporations.

Professor Mr. Clayton M.Christensen in his book “The Innovator’s Dilemma” ( the best selling book for the year 1997 ) to illustrate his point about disruptive use the real world examples. He demonstrates how it is not unusual for a big corporation to dismiss all the values of a disruptive, the reason is that it does not reinforce on current company goals

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Using Simple Kitchen Ingredients to Make Great Home Spa Face Masks

Using cheap ingredients to make simple, homemade face masks is lots of fun and they work really well, too. Home spa is fast becoming a revolution across the world as more and more people realize that they can bring the day spa experience home for a portion of the cost.

If you have oily or acne-prone skin, mud or clay-based homemade face masks are the best option. If you have dry skin, you need to include things like glycerin, honey and oils in your homemade mask to get a better balance and also to help clear up those blemishes we all hate.

If you were to go to a day spas for these types of face masks, they might charge as much as $100. Natural beauty recipes are great for saving money, as well as keeping your face and body looking beautiful.

Yoghurt Face Mask(for normal skin)

A yoghurt based mask will cleanse and rejuvenate your skin. It’s easy to prepare (just a few minutes), and the ingredients are as follows:

1 tbsp oatmeal, finely ground

1 tbsp live, organic yogurt

A few drops of honey

All you need to do is add the yogurt and oatmeal to a small bowl and mix it together really well. Then, add a few drops of warm honey. The honey needs to be warm so that it will mix through the yoghurt and oatmeal evenly, otherwise you’ll get chunky, sticky bits throughout.

When you apply your yoghurt mask, leave it on for 10 minutes before rinsing it off with some of warm water. Next, give your face a final clean with a warm washcloth and then apply some moisturizer.

Banana Face Mask (for oily skin)

Bananas can easily be combined with a few other things to create a mask just like they use in day spas around the world. The ingredients are:

1 banana, preferably ripe

1 tbsp honey

An orange or a lemon

Just mix the banana and honey together and then add two or three drops of lemon or orange juice (or any other citrus). Leave it on for 15 minutes before rinsing with a cool washcloth or a steaming warm washcloth if you prefer. n95 mask

Strawberry and Lemon Face Mask(for oily skin)

This one is difficult to make because I always start to eat the Strawberries before I get to the face mask part. Strawberries and lemon juice both contain natural astringents, making them perfect for home spa treatments. The ingredients are:

1 tsp lemon juice

2 egg whites

3 tsp honey

And of course- if you can stop yourself from eating them- 1 cup of strawberries

Mash or blend the ingredients together and then smooth it over your face. This is a great home spa recipe that you can leave on your face for 10 minutes then rinse.

 

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Common Problems and Solutions When Wearing a CPAP Mask

A report by The National Institute of Health, estimates that about 18 million Americans suffer from sleep apnea. Almost 80% of this population suffers silently. Sleep apnea refers to a condition where a person is unable to sleep because of abnormal breathing. The abnormality could either manifest in the form of a pause when breathing or in low breathing. The pause could last anywhere from a few seconds to a few minutes. Sleep Apnea however, can be treated efficiently with the use of CPAP and the right CPAP mask.

The problem with wearing a CPAP mask, however is that patients often experience side effects that can be tackled effectively with help from a health professional. Here is a list of common problems faced by CPAP mask wearers and solutions to their problems. CPAP Masks

The most common problem that people face when wearing a mask is discomfort. This usually occurs because either the mask not fit properly or the patient has adjusted the mask to be too tight. The best way to avoid this problem is to consult a sleep professional before buying a mask. Ideally a CPAP mask should fit in comfortably to avoid air leak. The mask however should not be pulled too tight to prevent air leak. In such a case it can be safely assumed that the mask does not fit. You could either choose from a full face mask, nasal mask or a nasal pillow. Immaterial of the choice of mask, remember to consult a sleep specialist or a health professional before you choose a CPAP mask.

The second common problem faced by a CPAP mask wearers is nasal congestion or irritation. Your nose helps to humidify the air that you breathe in. The CPAP sometimes dries your nose causing a buildup of mucus and more moisture to the nose. Patients suffering from a running nose or irritation can contact a sleep specialist who would usually suggest a cold water humidifier. For those who still face this problem can use a heated humidifier that heats the air, with the water allowing the air to carry moisture. There are several manufacturers’ to choose from. You could choose a mask made by Resmed, Respironics, Fisher & Paykel.

Another common problem that a CPAP mask wearers face is difficulty in breathing. People suffering from sinus problems, allergies and a deviated septum may face problems wearing a mask. For those suffering from allergies and sinus problem may consult an ENT specialist before wearing a mask. For those suffering a deviated septum, can try a mask that can be worn over the mouth. There are several types.

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Would You Like To Play Spiderman Online Games?

Spiderman is one of the most popular and successful comic book superheroes of all time. He is one of the flagship characters of the Marvel universe that has been around for almost fifty years. In addition to this, he is one of the most commercially successful heroes of all time. Due to this fact, there are numerous comics, television shows, movies, and games created with him. So if you are looking to play Spiderman online games, there are plenty to choose from.

One of the easiest ways to play Spiderman games is online via a web browser. To find Spiderman online games, simply type that phrase into any web browser. You will be brought to numerous websites that have a host of different types of Spiderman games. Some of these games are flash games that you can play instantly without installing anything. Other games may require the user to download and install small files onto the computer. This may not work on public computers, such as computers at work or school.

You can also play Spiderman online games using a console gaming system, such as an Xbox 360 or PlayStation 3. A great series with Spiderman that you can play with multiplayer co-op is the RPG Marvel: Ultimate Alliance and Marvel: Ultimate Alliance 2. Spiderman is a playable character in both games. If you are looking more for a player vs. player type of game, try out the Marvel vs. Capcom series. There are three and Spiderman is a playable character for the Marvel side in the game. UFABET

The is also the option of playing Spiderman games that are not online. There are numerous consoles such at the Xbox 360, PlayStation 3, Nintendo DS, Wii, PlayStation 2, PC, Sony PSP, Nintendo 3DS, Mac, and many more systems that have single player Spiderman games. Spider-Man: Shattered Dimension, Spider-Man: Web of Shadows, Spider-Man 3, and Spiderman: Friend or Foe are just a few of the titles that contain this famed superhero in them.

When you are talking about the greatest superheroes of all time, such as Superman, Batman, Wolverine, The Hulk, Wonder Woman, Green Lantern, Captain America, Spawn, Punisher, and many others, you have to mention Spiderman right at the top with all of them. There are numerous games out there with this famed character in them. Some of the Spiderman online games are good and some are not so good (to put it gently). But fans of the character should have no trouble finding plenty of them online.