In keeping with the updates of what is current with the economy, business, California Tax refunds and taxes in general, here is the latest and greatest:
1. California tax refund information is on hold for at least two more weeks because of the State Legislature waiting to get the Federal funding and seeing where they are financially before they start either releasing the state refund cash or if they decide to issue warrants or nothing.
The good news is if they fail to get us our refunds by May 31 (I think that is the correct date), they have to start paying us interest. The bad news is if you are waiting for the state refund to pay for bills or a trip, you can’t count on the money coming in time. Please plan and act accordingly.
2. President Obama is working on getting legislation and a budget into play that will balance our budget and start taxing the wealthier people some more. I don’t have a lot of information on the details yet and I wonder how well that will fly once Congress starts screaming. Will a lot of wealthy people leave the country? Probably some will but most won’t. They can look for other tax shelters and ways to lower their tax liability. When you have money, there are more avenues for protecting your wealth then when you don’t have money.
I would expect the stock market to be drooping tomorrow and I will be surprised if it does go up. For the immediate to mid-term future I would expect to see some sort of rally and then things to drop down. As I’ve stated in other blogs, I am not a fortune teller but for the immediate future I don’t see anything to bring people’s spirits (or their finances) up without some period of adjustment and financial aggrevation. Plan accordingly by keeping savings for at least three months of living expenses and more if you can sock the money away.
If you can’t do that, make sure you have enough money to pay important bills like energy bills so you can have heat and warmth if you are living in cold climates.
Here in Southern California, there is at least one foreclosed house or one becoming foreclosed on almost every block. Property values are hovering though and not crashing because there are people who have money and savings who are jumping in to buy homes.
Between the lowest interest rates in years and the glut of houses on the market, if you have the cash to look for a home and not for an investment, this is an ideal time to start researching and thinking about buying a house if you have a steady job that is Depression resistant or lots of cash that has been sitting on the sidelines.
As for me, I am debating what to write for my next book. Any suggestions about what you want to read about in terms of tax planning, starting a business or surviving a Depression? Drop me a line or post and take care of yourself and those you care about!
I also ordered an Acer 10 inch netbook. You can find a link for one from my pages referenced down below. I liked that one because the battery life looks pretty good, the screen size is larger and the Acers have been getting decent reviews.
Interested in any of my books? You may want to make a stop over here. Please click through to purchase my books and some other interesting items that actually ARE on sale. Have you read my book, “Bad Tax Idea, Good Tax”? Please order it today. The tips inside can save you hundreds if not thousands of dollars!
If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book listed below. Part of all the proceeds from the sales of that book go to Rett Syndrome research. One girl is born with Rett Syndrome worldwide every fifteen minutes. My daughter Arianna has Rett Syndrome and we are working to do all we can to make her life easier and find a cure in her lifetime. Boys born with the Rett gene generally die at birth.
Kim Isaac Greenblatt
California Tax Refund Update and Stuff