Law Articles And Legal Issues
Develop Your Domain Names
JK Harris, IRS Encourage Taxpayers to be More Energy Efficient
North Charleston, S.C. (PRWEB) October 13, 2007 -- What could be better than making your home more energy efficient?
Well, making your home more energy efficient and getting a tax credit from the IRS for doing so.
"Adding ceiling fans, window treatments such as storm windows and shutters, insulation, exterior doors, metal roofs, and gas powered dryers, water heaters and stoves can all qualify for the residential energy credit," said JK Harris and Company's Bill Wandel, an Enrolled Agent of 17 years and CPA of eight years. "The credit is 10 percent of the cumulative purchase price, but no more than $500 in total."
This credit is one of the highlights of the Energy Policy Act of 2005. In order to receive the credit for making your home more energy efficient, you must purchase the products between Dec. 31, 2005 and Jan. 1, 2008.
Tax credits are also available for certain vehicles. The qualified Alternative Fuel Motor Vehicle Credit was enacted by the Energy Policy Act of 2005 and includes four categories: fuel cell vehicles, advanced lean burn technology vehicles, hybrid vehicles, and alternative fuel vehicles.
Fuel cell vehicles are propelled by power derived from one or more cells, which convert chemical energy directly into electricity by combining oxygen with hydrogen fuel.
Advanced lean burn technology vehicles are passenger vehicles or light trucks with an internal combustion engine that is designed to operate primarily using more air than is necessary for complete combustion of the fuel; incorporates direct injection; and achieves at least 125 percent of the 2002 model year city fuel economy.
Hybrid vehicles have drive trains powered by both an internal combustion engine and a rechargeable battery. And alternative fuel vehicles are fueled by compressed natural gas, liquefied natural gas, liquefied petroleum gas, hydrogen, and any liquid that is at least 85 percent methanol.
"Currently, to qualify for the credit, the criteria used is based on the existing fuel efficiency of vehicles (or miles per gallon) produced in the 2002 model year," Wandel said. "So far the only vehicle to qualify under the alternative fuel vehicle category is the 2007 Honda Civic GX, which operates solely on compressed gas."
Wandel also said legislation is being considered for tax incentives on future purchases of Flex Fuel vehicles that run on both gasoline and ethanol.
"Until the legislation is modified, the only way a Flex Fuel vehicle will qualify is when it can demonstrate a significantly greater fuel efficiency than the 2002 benchmarks," Wandel said.
For more detailed information on the energy credits available, visit www.irs.gov.
About JK Harris:
JK Harris & Company, LLC, (www.jkharris.com) based in North Charleston, S.C., is the nation's largest tax resolution firm and has served over 200,000 customers since its founding in 1997 by John K. Harris. JK Harris consultants are available to meet with consumers in over 425 locations nationwide by appointment only. The company also provides services for student loan debt, investment fraud, fee-based financial planning, tax return preparation, and audit representation.
###
Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
Other Law Sites
Search The Internet For Other Law Sites
Law Books
Search For Law Books At FindaBook.com
ConsolidatedCredit.org Advises -- Use Income Tax Refund Wisely and Consider Applying Refund to Lower Debt and Start Savings Account
For many Americans, income tax refunds seem like free money, which makes it easier to spend. ConsolidatedCredit.org says consumers should stop and think about their complete financial situation before deciding how to use the money.
Walter Clark Legal Group Distributes Complimentary Hands-Free Headsets
California's new hands-free law inspires local law firm to distribute free cell phone headsets to local residents.
Dallas Lawyer Will Release Excerpts for Book Indicting All Religions
After handling thousands of civil and criminal cases, lawyer Geoff Henley takes on the planet's biggest culprit: God. In Beyond Reasonable Doubt, the trial lawyer applies accepted legal principles to the scripture with devastating results for religion. Much like Darwin and science has confounded religion's depiction of the natural word, the former prosecutor shows through well-settled legal principles that no just God exists.
Relying on courtroom experiences, the former prosecutor puts scripture under a legal microscope and reveals some funny and irreverent truths.
What the Proposed Changes to the UK Equality Law Mean to You
Last week, Harriet Harman announced new equality laws to tackle widespread discrimination Under these new plans, age discrimination would be removed from all aspects of society, and further changes would be made to prevent workplaces from discriminating against minorities
Choosing a Lawyer to Help You in Putting Up a Business
Are you interested in putting up your own business?
How To Pick The Right Patent Attorney
The legal system is essential to man. It controls the activities of man. Without the legal system, the greatest purpose will be ruined either by the other people or by oneself.
Senate Passes New Bankruptcy Law
The United States Senate passed a law on March 10, 2005 that changes the bankruptcy laws in America. It is expected that the House of Representatives will look to pass the same bill in April, which will send it to President Bush for his signature.
Legal Affairs: Handling Child Support and the Modification of Support Orders
Custody battles are a difficult time for families These battles cause uncertainty and take place at a time when emotions run high
Toyota Sued By Man Seriously Injured in Toyota Corolla Accident - National Auto Defect Law Firm Bisnar Chase Represents Elias Chico
Orange County resident Elias Chico is suing Toyota Motor Company, alleging that it knowingly manufactured a defective Toyota Corolla that caused him serious injury. The case was filed on August 18, 2008 in California Superior Court, Orange County, before Judge Robert J. Moss, Case # 30-2008-00110699. The national automobile defect law firm Bisnar Chase is representing Chico.
SmartDraw Legal Edition 2009 Transforms Legal Graphics With Automatic CaseMap(R) Integration, Improved Crime Scene Capabilities Among Powerful New Fea
SmartDraw's Legal Edition 2009 Marries Ease-of-Use with "Wow" Factors.
SmartDraw.com, maker of the world's most popular business graphics software, today announced the release of SmartDraw Legal Edition 2009, containing dramatically enhanced functionality and exclusive new features that help attorneys and law enforcement professionals create high-impact legal graphics such as timelines, crime scene diagrams, trial graphics, accident reconstruction, evidence and flowcharts, and more in a matter of minutes.
Over 150 National Claims and Legal Vendors Join CaseRev's New Vendor Program in First Week
CaseRev, Inc., an online community of virtual teams bridging claims professionals, attorneys, and vendors announced today that over 150 national claim and legal vendors have already joined its revolutionary Vendor Program.
Law Firm Internet Marketing An Executive Summary Using The Q&A Format ? Part IV
You mentioned ?marketing packages?. How much should I be spending on a marketing budget on my website in law firm Internet marketing.
Bankruptcy and Debt Relief Law Firm Busby & Contreras Agree to Disagree with the Financial Advice of Radio Personality Dave Ramsey and The Dave Ramsey
The Attorneys Caution Listeners to do Their Own Research and Learn More about Debt Reduction and Bankruptcy Law
Packaging Law Forum Addresses Sustainability and Environmental Regulations for Food and Beverage Packagers
The president of Environmental Packaging International, consultant to some of the best known brands in the world, will speak about environmental and sustainability-related regulations at Packaging Law Forum, a new conference for food and beverage packagers, produced by Packaging World magazine.
The Savvy Investor's Tax Lien Investing Guide - Tax Lien Properties
When you're presented with a plethora of options, it's easy to become overwhelmed. When you're unfamiliar with tax lien sales, it's understandable that you might just decide it's too complicated, too much work, meant for professional investors, not mere mortals. Put such self-defeating thoughts aside-there's no reason why you can't achieve financial freedom and a well developed tax lien portfolio. You just need to educate yourself so you can make informed decisions.
