Monday, February 07, 2011
Tax Tip: Hey Bob, Are My Social Security Benefits Taxable?
I think I get asked this more than any other tax question. The answer is: maybe.
According to the IRS, the Social Security benefits you received in 2010 may be taxable. You should receive a Form SSA1099 which will show the total amount of your benefits. The information provided on this statement along with the following seven facts from the IRS will help you determine whether or not your benefits are taxable.
- How much – if any – of your Social Security benefits are taxable depends on your total income and marital status.
- Generally, if Social Security benefits were your only income for 2010, your benefits are not taxable and you probably do not need to file a federal income tax return.
- If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.
- Your taxable benefits and modified adjusted gross income are figured on a worksheet in the Form 1040A or Form 1040 Instruction booklet.
- You can do the following quick computation to determine whether some of your benefits may be taxable:
• First, add one-half of the total Social Security benefits you received to all your other income, including any tax exempt interest and other exclusions from income.
• Then, compare this total to the base amount for your filing status. If the total is more than your base amount, some of your benefits may be taxable. - The 2010 base amounts are:
• $32,000 for married couples filing jointly.
• $25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year.
• $0 for married persons filing separately who lived together during the year. - For additional information on the taxability of Social Security benefits, see IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.
Friday, February 04, 2011
Amber Alert Canceled For 5 Missouri Children
Missouri police have canceled the Amber Alert for 5 children abducted by their noncustodial father. The children were found in Pettis County. This is all I have on the abduction.
AMBER ALERT: 5 MISSOURI CHILDREN
Five children missing from Miller County Missouri may be headed for Kansas City or liberty.
The Miller County Sheriff, William M. "Bill" Abbot, advised of the abduction of five children ages 2,4,6,8, and 10. These children were taken by a non-custodial parent in the early morning hours of Feb 4, 2011. The person of interest on the abduction is Michael Minor white male age 42; he is possibly in the Kansas City/Liberty or en route back to the Miller County or Eldon area via US50. If you have any information, please call the Miller County Sheriff's Department at 573-369-2341 or 911.
Missing Child
Name: Marissa Cochran
Alias:
Hair Color: Brown Eye Color: Brown
Skin Color: White Age: 10YO
Height: 4FT4 Weight: 65LBS
Gender: Female
Description: The child was last seen wearing an orange tank top and orange shorts.
Missing Child
Name: Chloe Minor
Alias:
Hair Color: Brown Eye Color: Blue
Skin Color: White Age: 4YO
Height: 3FT6 Weight: 40LBS
Gender: Female
Description: The child as last seen wearing a white t-shirt and Hannah Montana pajama pants.
Missing Child
Name: Grace Minor
Alias:
Hair Color: Blonde Eye Color: Blue
Skin Color: White Age: 8YO
Height: 4FT1 Weight: 60LBS
Gender: Female
Description: The child was last seen wearing a pink fuchsia monkey night gown.
Missing Child
Name: Stephanie Minor
Alias:
Hair Color: Brown Eye Color: Brown
Skin Color: White Age: 6YO
Height: 3FT9 Weight: 50LBS
Gender: Female
Description: The child was last seen wearing a white ndd maroon Eldon Mustangs football t-shirt and blue shorts.
Missing Child
Name: Zackary Minor
Alias:
Hair Color: Brown Eye Color: Brown
Skin Color: White Age: 2YO
Height: 3FT0 Weight: 28LBS
Gender: Male
Description: The child was last seen wearing red and blue Mickey Mouse pajamas.
Suspect
Name: Michael Minor
Alias:
Hair Color: Brown Eye Color: Blue
Skin Color: White Age: 42YO
Height: 6FT0 Weight: 320LBS
Gender: Male
Description: The suspect was last seen wearing an orange and black long sleeve polo shirt and blue jeans.
Vehicle Information
Make: Oldsmobile Model: Cutlass/Ciera
Color: White Interior Color:
License State: MO License Text: WE2L5C
You heard about this first at Gather!
Tuesday, February 01, 2011
CPSC Recall: Briggs & Stratton Recalls Model 40 V-Twin Engine Due to Injury Hazard; Used on Sears, Husqvarna, Bad Boy Riding Mowers
This brings the total CPSC recalls for 2011 to 33:
The following product safety recall was voluntarily conducted by the firm in cooperation with the CPSC. Consumers should stop using the product immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product:
Name of Product: Briggs & Stratton Model 40 V-Twin Engine
Units: About 50Manufacturer: Briggs & Stratton Corporation, Milwaukee, Wis.
Hazard: Wear on misrouted wiring may cause it to disconnect from the shut-off device, allowing the engine to continue running when the key is in the "OFF" position or when the operator gets off the seat while the mower is engaged, posing an injury hazard to consumers.
Incidents/Injuries: None reported
Description: The recalled product is a Briggs & Stratton V-twin engine with the date code 100201Y. The engines can be found in the following lawn mowers: Craftsman, model 247:289810; Husqvarna, model 960460016; and Bad Boy, model BBM4826BS. The engine date code is bottom-most number located on the valve cover of the engine. The valve cover is located at the front of the engine near the oil dipstick.
Sold by: Sears, under the Craftsman brand; The Home Depot, under the Husqvarna brand; and Tractor Supply Company, under the Bad Boy brand. The mowers were sold in February 2010 and March 2010 for between $1,500 and $3,500.
Manufactured in: USA
Remedy: Consumers should immediately stop using the riding mowers and contact a Briggs & Stratton Authorized Dealer for free inspection and repair. Consumers with affected Craftsman and Husqvarna models were notified by letter from Sears and Briggs & Stratton. Tractor Supply Company has not notified the purchasers of the affected Bad Boy models.
Consumer Contact: For more information, contact Briggs & Stratton Corporation at (866) 927-3349 between 9 a.m. and 6 p.m. ET Monday through Friday, or visit the firm's website atwww.briggsandstratton.com/engines/support/contact.
Amber Alert To Be Cancelled For 4-Year Old California Boy
It is with very deep sorrow to inform you the body of a child matching the description of 4-year old Juliani Cardenas was found about 30 miles downstream in the canal where the suspected kidnapper's car was found Friday. Sheriff's deputies believe the body is that of the kidnapped child.
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