the CPA Moms -

The $7500 tax credit is available for first-time homebuyers only. The law defines a first-time homebuyer as a buyer who has not owned a home during the past 3 years. All US citizens who file taxes are eligible to participate in the program. First - time home buyers would receive a $7500 tax credit for the purchase of any home on or after April 9, 2008 and before July 1, 2009. To qualify the home buyer must actually close on the sale of the home during this period.

This credit is a refundable credit meaning that if you pay less than $7500 in federal income taxes, then the government will write you a check for the difference. For example, if you owe $5,000 in federal income taxes, you would pay nothing to the IRS and receive a $2,500 payment from the government. If you are due to receive a $1,000 tax refund from the government, your refund would grow to $8,500 ($1,000 plus $7,500 from the homebuyer tax credit). Buyers can take the tax credit on their 2008 or 2009 tax return. If you purchased the home in 2008, the tax credit is taken on your 2008 tax return. If you buy in 2009, you have the option of taking the credit on your 2008 or 2009 tax return. All homes, whether single-family, town homes or condominium apartments will qualify, provided the home will be used as a principal residence and the buyer has not owned a home in the prior three years. This also includes newly constructed homes.

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Calif. Passes Gas Tax Changes To Help $20B Deficit (AP Via Yahoo! Finance)
California lawmakers on Thursday passed a complicated change to the gasoline tax to address part of the state's $20 billion budget deficit and said it's enough to get the state through its financial problems...

Home buyers who file as single or head-of-household taxpayers can claim the full $7,500 credit if their modified adjusted gross income (MAGI) is less than $75,000. Between $75,000 and $95,000 they are eligible for a partial tax credit. Married couples who earn between $150,000 and $170,000 are eligible to receive a partial tax credit. The credit is not available for single taxpayers whose MAGI is greater than $95,000 and married couples with a MAGI that exceeds $170,000

Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.

Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.

To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.

Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.

Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.

For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon. To Join CPA Moms

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