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10 of Our Favorite Year- End Tax Tips

Tuesday, December 28, 2010


TAXES?
We know you have a lot of other things to do this time of year-baking those pies, for example-but, as your WIFE, we must remind you of those important details that are so easy to overlook.
The holiday season is a great time to take some last-minute tax deductions before the year is over. Here are some of our favorites:

1. Ask for a New Year's bonus instead of a Christmas bonus.
By delaying your bonus by only a week, you can push the payment of taxes on the income 15 months into the future -- a year from next April.
2. Clean out your closets
Clean your closets and donate to charity the old clothes, sporting goods, books, and other household goods that you no longer use. You will welcome the New Year with new space in your life, and get a quick tax deduction to boot. Document these donations by making a list of the items at the time you donate them. A good rule of thumb is to value donated items at 20 percent of original cost.
3. Pay donations by credit card.
Payments made by credit card are deductible in the year they are charged, not the year they are paid, so you can donate to your favorite charity by year-end and not pay the bill until next year.
4. Contribute the maximum to your 401(k) or 403(b) retirement plans.
Some employers will allow you to catch up on contributions by increasing your deduction on your last paychecks of the year. If you are 50 or over, don't forget that you can contribute an additional $5,500 "catch-up" contribution in addition to the regular 401(k) or 403(b) $16,500 limit.
5. Check the balance in your flexible spending account.
A wonderful fringe benefit, these helpful plans allow you to set aside a portion of your salary before taxes for certain purposes, such as child care or health care expenses. Unfortunately, these plans work on the "use it or lose it" concept: any amount unused at the end of the year is lost. So make sure to spend all of the money in the plan by the end of year.
6. Bunch your medical bills.
Medical expenses are only deductible when they exceed 7.5% of your adjusted gross income. If your income is low this year or your other medical expenses are high, speed up your deductions accordingly. If you want to take the deductions this year, pay any outstanding medical bills before year-end, stock up on prescriptions, get new glasses, and pay your health insurance premiums before the end of the year.
7. Do a rough calculation of your taxes for this year now.
Use last year's tax preparation software to estimate this year's taxes, or note your new numbers in the margin of last year's tax return and use last year's tax rates as a rough approximation. The IRS treats income taxes withheld from your paycheck as if they were paid in equal amounts throughout the year. So if your calculations show you'll owe money, you can increase the withholding on your last paychecks of the year to make up the difference.
8. Don't forget to take miscellaneous deductions.
You can deduct union dues, legal and professional fees relating to tax and investment advice, and unreimbursed employee business expenses of mileage, equipment, education, and supplies, among other things. If you pay a lot of expenses for your job or your investments, gather up the receipts and cancelled checks. Your combined miscellaneous expenses can be deducted if they exceed 2 percent of your adjusted gross income.
9. For educators only:
Elementary or secondary schoolteachers (in both public or private schools) can deduct up to $250 paid for classroom supplies. A new rule makes its debut this year, allowing you to write off up to $250 of such out-of-pocket costs, even if you don't itemize deductions.
10. Consider converting your regular IRA to a Roth.
If your modified adjusted gross income is less than $100,000, you can convert your IRA to a Roth. You will have to pay tax on the amount converted (less any nondeductible contributions in the IRA), but all future growth will be totally tax-free.

The Weather Outside is Frightful, but Online Shopping is So Delightful :)

Monday, December 27, 2010


Steals and Deals from RackedNY.com 


Happy Shopping :)



Bath & Body Works: Enter code YELLOW10 at checkout to save $10 off orders over $40. Coupon code good through January 16th.
Carol's Daughter: Enter code POSTSALE at checkout to save 25% off your entire order. Coupon code expires January 2nd.
Juicy Couture: Take an additional 50% off winter sale prices.
Kiehl's: Enter code HAPPYNEWYEAR at checkout to save $20 off orders over $50. This Creme de Corps gift set, which includes a cream, body polish, washing cream, facial cream, line-reducing concentrate, and and lip balm is $39 after discount (orig. $59). Coupon code expires December 31st.
Loft: Enter code SALE50 at checkout to save an additiona 50% off your order. Coupon code expires January 3rd.
Ralph Lauren Factory Stores: Prices at Ralph Lauren factory stores have just been marked up to 50% off for winter clearance; and now through January 2nd, take an additional 30% off these reduced factory store prices.
Timberland: Save an additional 30% off already-reduced winter sale prices.
ASOS: Save up to 50% off fall merchandise.
Athleta: Enter code WINTER20 at checkout to save 20% off your order. Discount applies to sale merchandise only and coupon code expires December 30th.
Aubin & Wills: We're really into button-down plaid shirts this winter—and who doesn't love the cozy-coze of cotton flannel? Aubin & Wills makes some of our favorite women's shirts on the market—the cut is simultaneously flattering and billowy, so you never feel constrained. We're loving this wintry-bright color combo, but there's also a more subdued blue-and-white plaid for traditionalists. This Lindow shirt, right, is $80 (orig. $100).
Calypso St. Barth: Enter code HOLLY10 at checkout to save an additional 50% off already-reduced sale prices.
Gap: Enter code GAPNEWYOU to save 20% off your purchase of originally-priced items. Coupon code expires December 29th.
J. Crew: Enter code SHOPNOW at checkout to save an additional 30% off already-reduced Final Sale items; also get free shipping on orders over $150.
Jack Wills: The semi-annual Jack Wills sale is now on through January 12th.


The Black Women that rocked for 2010!! Super DOPE

Sunday, December 26, 2010

The HFM Group is a group  of women who are African American. We adore our black sisters who are doing their thing in different areas in life. Lets salute the Black women who rocked for the year 2010. 



Michelle Obama

Oprah Winfrey

Beyonce


Queen Latifah 

Venus Williams 

Angela and  Vanessa  Simmons


Willow Smith


Taraj . P Henson


Nicki Minaj
WNBA player Candace Parker

Dj Beverly Bond Creator of  BET show Black girls ROCK


Rihanna


Raven Symone



Fashion Stylist June Ambrose


O YEA,  THE HFM GROUP ROCKED IT TOO

MERRY CHRISTMAS FROM THE HFM GROUP . OUR VIEWERS FAVORITE CHRISTMAS VIDEOS

Saturday, December 25, 2010

MERRY CHRISTMAS FROM THE HFM GROUP


Here are some of you guys top Christmas videos
 ENJOY!!!!




Destiny's Child "8 days of Christmas"



Chris Brown "This Christmas"




Mariah Carey  "All I Want For Christmas"



Brian Mcknight & Boyz to Men "Let it Snow"




Some Christmas Humor LOL
Comedian Lil Duval Christmas Special

Happy Holidays from THE HFM GROUP. We are shopping while giving back, you should to :)

Friday, December 24, 2010

MERRY CHRISTMAS AND HAPPY HOLIDAYS  FROM THE HFM GROUP :)










According to the New York Report Magazine , it's not too late to find that last minute gift for your family , friends , clients and co-workers and not too late to help those in need.


If you purchase gifts through Goodshop.com , you can order from 1500 top online retailers , including Amazon, target , best buy and more , plus a percentage of what you spend goes back to charity or school of your choice . Vist Goodshop.com now


Isn't that wonderful ? We think so . :)

Brooklyn principal confiscates Poet/Artist Tylibah book " Streets in Poem Form" from students

Our good friend Tylibah Washington is an upcoming Poet/Artist straight out of Brooklyn. She is unique in all areas of the entertainment field. She sings,rap and writes poetry. Tylibah is very active in giving back to the community and inspiring NYC school kids. She led a 4-week program at the school called “Poetry In Motion.” It was designed to help students find their voice through poetry. 


Tylibah Washington best selling book "Streets in Poem Form" is stirring up controversy.  A Brooklyn principal isn't too happy  with her  book and confiscated books from students .Tylibah stated that her poems don’t glorify drugs or violence, but simply address the realities of urban life and teach kids about the consequences of negative behavior.


 The HFM Group feels that "Streets in Poem Form" is an awesome book that is  great for inspiring kids as well as adults. We have watched Tylibah over the years attend schools and teach kids. She has always receive great feedback. One bad critic will not stop her show. Keep up the good work Tylibah!!!  





Article from Daily News

A consultant distributed her racy urban poetry books at dozens of schools, and a Brooklyn principal scrambled to confiscate them after a complaint about explicit verses.
Tylibah Washington, a goddaughter of City Councilman Charles Barron, gave out about 60 copies of "Streets in Poem Form" to fifth-graders at Public School 279 in Canarsie.
One of the poems - "Supa-Dupa!" - contains a reference to a crackhead performing oral sex. Another - "Who's The Evil Axis?" - says former President George W. Bush "loves war so much he gets an erection!"
Students, parents and teachers said they were shocked at the graphic imagery in three of the 22 edgy poems.
"I'd be appalled if my child came home with that book," said a teacher who spoke on the condition of anonymity. "It's definitely not appropriate for a 10-year-old."
PS 279 Principal Lorenzo Chambers said a student flagged a verse to a teacher, who brought it to his attention. He asked that the books be returned.
Washington, 26, gave out the 67-page books at the E. 104th St. school on the final day of a four-week writing workshop she taught there.
She said she has given out about 5,000 copies of her book at 50 city schools with no complaints - until now.
"My message is positive and I'm encouraging kids to read," said Washington, who was paid $37,915 for her work in city schools this year.
Barron (D-Brooklyn) said his goddaughter's book should be in more schools.
"I find it interesting that 'Huckleberry Finn' is a classic when it says [the N-word] 200 times," Barron said.
"Tylibah's book is the opposite. It's very inspiring," he said. "I'd like to see 'Huckleberry Finn' banned."
The principal said he didn't read Washington's book until after it was distributed.
"No one can read every word in every book," said Chambers, a graduate of Mayor Bloomberg's elite Leadership Academy, which trains new principals.
Education Department spokeswoman Margie Feinberg said principals are free to choose the books distributed at their schools.
"Principals can select books on their own to supplement the curriculum," Feinberg said.
"[Washington] has registered with the DOE, and this allows her to reach out to schools to see who would be interested in her program."

Unsigned Artist Spotlight Presents L.I.E.!!!

Tuesday, December 21, 2010



316 Music Group Presents L.I.E.

INDEPENDENT NYC R&B TRIO WITH OVER  86,000 YOU TUBE VIEWS





The Dopeness (BIO)

Lost In Eternity

L.I.E. – Lost In Eternity, is a multi genera trio out of New
York offering a fresh feeling and balance to the current
music landscape. Positioned to change the perception
of music, introducing “Hip Rock” to the masses, L.I.E. is
taking music making and performing to another
stratosphere.

Singers, Leaks (18 yrs old), Dennis aka Roc4ya (19 yrs
old), and Deshaun(19 yrs old) bring a heartfelt intensity
in their music. Young in age, but wise in their craft, the
group has a mature, sophisticated balance. On stage,
the three combine raw vocal ability, excitement,
fashion, and fun into virtual sensory overload to be
witnessed.  

Fusing together pop, hip-hop, rock, and R&B music
seamlessly, L.I.E. stirs a multitude of emotions for all
audiences. The groups fresh faces, young swagger, and
natural talent are the defining elements that set them
apart from any other trio, past, present or future. Get
Lost In Eternity with L.I.E.

Two Super DOPE Videos from L.I.E.


L.I.E. "Go Girl' Official  Music Video



L.I.E. "Best Thing" Official  Music Video




Also Check out : www.teamLIE.com
www.316musicgroup.com

Kudos to Producer Sean Leakey of 316 Music Group
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