Thoughts, Ideas, and Concepts by Sandra Parks

Archive for September, 2009

Income Taxes

There are sometimes when one may not want to file because he/she think they are going to owe the IRS.  This should never be the case.  Rather you owe or not it is your duty and/or obligation to file a return each year that you have income that is over your standard deduction.  (If you don’t understand that statement call me)  If you feel like you will owe the IRS instead of not filing always file an extension by using form 4868.  This will allow you time to sit down with a tax expert like myself and see if you have any expenses that you can possibly use to reduce your taxable income which in the end will allow you to not owe back as much or even possibly get you a refund.

Did you know that the IRS allows you have a hobby?  Do you understand what you can do with your hobby for up to 5 years?   If you have a hobby that is making you income and you are buying things directly for that hobby then that hobby is now a for profit business and you can know use those expenses and income as apart of your return.

Deductions for hobby activities are claimed as itemized deductions on Schedule A (Form 1040). These deductions must be taken in the following order and only to the extent stated in each of three categories:

  • Deductions that a taxpayer may take for personal as well as business activities, such as home mortgage interest and taxes, may be taken in full.
  • Deductions that don’t result in an adjustment to basis, such as advertising, insurance premiums and wages, may be taken next, to the extent gross income for the activity is more than the deductions from the first category.
  • Business deductions that reduce the basis of property, such as depreciation and amortization, are taken last, but only to the extent gross income for the activity is more than the deductions taken in the first two categories.

Lets get educated and understand the tax laws and rules.  Either way please don’t just not file because you think you may owe.  Call me, Sandra Parks with SAP Taxes at 972.569.7938 or email me at saprpm@yahoo.com.  Let me show you how and what you can do with your hobby.

Until the next time be blessed!

Venting Via my Blog

My heart is so heavy right now!  I guess I should have never gone on that youtube site to look at the teenager being beat in Chicago.  Initially I had just heard of it and was reading the media outlets.  But after watching it you have to be dead not to feel something.  I just don’t know what to say or do.

Anyone that knows me knows that I love the kids.  I love working with them and encouraging them.  One day while in Atlanta on my way to my sister house we saw three little girls and three little boys going into the bushes at around midnight.  I spoke in a loud voice asking LaVerne to stop so that I could tell the little girls not to go into the woods this time of night with those little boys.  I knew they were up to no good.  But she said no.  She said that she wasn’t getting involved.  I believe that this was in June.  Just recently last week I had a dream that those girls were found dead.

One day I was in the Mall with Reggie and we saw this little boy with is his pants sagging.  I asked Reggie to say something to the little boy and he said no.  So I was going to say something to him instead and Reggie pulled me away and said Sandra come one and leave people alone.

I have a mentee that is a teenage mom (and so was I) that I work with.  One day she told me about her baby daddy hitting on her and I was driving around South Dallas trying to find this kid to speak to him.

These are just a few of the situations I’m sharing with you all now.  But there are so many more.  Its a sad day when the adults are afraid to chastise the youth today because of fear of them hurting us.  I remember when I was coming up my elementary teacher Ms. Hill would pull my ears because I had a big mouth and was always running it.  My oh my when I saw her heading towards my desk I knew I was in for that ear to be pulled red.  My granny didn’t say a word because she knew Ms. Hill was making sure that I got my lesson.  We have moved away from this as a nation.  No one wants the teachers to discipline the children although they are at the school 8 hours a day.  Then when they get home we so tired or so occupied on facebook and other things that we don’t pay them any attention either.  So  you have these kids with hours of no chastisement, no structure, no discipline, but yet we expect them to be the next President Obama.  Probably not gone happen.  Even the bible says that Jesus Chastised those that he loved.

It’s in my heart to help young people.  They have so many options today.   Do you know that all children of all backgrounds and socio-economic status can attend Harvard??  When I was a child Harvard was not even in my vocabulary.  But look at our children today.  The sky is the limit.  Often times they don’t even know this. That is why the shoot for some dreams.  That is way they take the easy way out.   So someone must tell them.  How come we don’t have more lawyers, doctors, Accountant, Engineers, CEOs, CFOs, COOs?  Because we are not showing them how to get into these fields.  But we shower them with the latest video games, the latest clothes, we allow them to have all those stupid hair cuts, color in your hair.  People we must tighten our shot groups and take our kids back!!!  It’s too simple!!!

I believe that our youth are hurting for many reasons.  You have some that are from single parent homes, some have been molested by family members that they looked up too, some are intimidated by other kids being placed higher then them, some are jealous over material things, some have learning disabilities that we are overlooking, some are missing their fathers, some have drug habits, some were carried by parents that were doing drugs while they were in the womb.  So many other factors come into play.  Our  babies need help.  Some are adults now that never got the help that they needed.

The system is going to put them in jail, what will that solve?  Some are going to get the death penalty, what will that solve?  Some we will let just wither away, what will that solve?  I don’t know what to do and I don’t know all the answers.  All my life I’ve been a lover of numbers.  But I’m human and I hurt when I see my young people going through.  I don’t care what color they are.  I’m a soldier and I’m green.  I’ve lived all over the world and I love people.  I love children.  I’m telling you that they need love.  And more love and then some more love!!!  But they also need discipline, they need structure, we can’t be their friends.  That is clearly not working.

What are we going to do?  I don’t know so if someone wants to help me please let me know.  I can start by offering them The Sandra Parks School of Etiquette.  You can find us on line at http://www.sandraparksschoolofetiquette.com or call 972.838.0106

Message to our young brothers in Chicago by Nas

I’m from Chicago and what is happening up there is really disturbing for I still have nieces and nephews that walk those streets.  Lets be in constant prayer for our youth all over.  Read this below and please leave comments:

Dear Young Warriors fighting the wrong wars!   Killing each other is definitely played out. Being hurt from the lost of a love one was never cool.

Dear Young Warriors fighting the wrong war! I know that feeling, that frustration with life and needing to take it out on someone, any one. But….

We chose the dumbest things to go the hardest for.  I remember seeing deaths over 8 ball jackets, Fila sneakers, and name plate chains. Deaths over “he say, she say”!!!!! “I’m from this block or I’m from that block”, or “my moms n pops is f*cked up now the whole world gotta pay”!!!

I remember feeling like I was the hardest “n*gga” breathing.  And I couldn’t wait to prove it. But let’s think. What are we really proving?? And proving what to who?? Everybody knows Chicago breeds the strongest of the strong but I just feel, me, being ya brother from another state feels your pain as if I grew up with you in ya very own household.

You have the ability and mindpower to change they way we are looked at.  Look who’s watching us young warriors, look who’s throwing us in jail constantly, look at the ignorance in the world. Look at the racist dogs who love to see us down. Loving to bury us in the ground or in jail where we continue this worthless war on one another.

Young warriors…. We are WASTING more and more time. We gotta get on our jobs and take over the world. Cuz this movie left the theaters years ago, Juice, Menace, Boys n the Hood , Blood n Blood Out, Belly!

When we see each other why do we see hatred? Why were we born in a storm, born soldiers, WARRIORS….and instead of building each other up we are at war with each other.. May the soul of this young person find peace with the almighty. I’m with you young warriors. You’re me and I’m you. But trust me! you are fighting the wrong war.

This sh*t sucks !!

-Nas

Let it go my young brothers, let it go!!!

What is EIC?

The Earned Income Tax Credit or the EITC is a refundable federal income tax credit for low to moderate income working individuals and families. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

To qualify, taxpayers must meet certain requirements and file a tax return, even if they did not earn enough money to be obligated to file a tax return.

The EITC has no effect on certain welfare benefits. In most cases, EITC payments will not be used to determine eligibility for Medicaid, Supplemental Security Income (SSI), food stamps, low-income housing or most Temporary Assistance for Needy Families (TANF) payments.

Are you aware of the new revision to this Tax Credit?  If you want to know more about this Tax Credit please contact Sandra Parks at 972.569.7938 or via email at saprpm@yahoo.com

Magnificant Mondays!!!

For some Monday’s are dreaded days but for me its another Magnificant time to continue to prepare for success. See everyday that I’m allowed to see is another day for me to stay focused on what it is I want to do. My overall goal is to come out of corporate and make a living for me and my children on my own! Now don’t get me wrong corporate America is not a bad place. But it’s not what I want. I’m a carefree spirited person! I love to help others! I love the ability to just get up and go. I can’t take someone watching me go on lunch for a hour!!! UGH!!! But I’m not complaining!!!

At any rate let me encourage each of you to get out and explore! Dig deep down inside and figure out what it is you really like doing and step out on faith! Make sure you have paid off your bills though if you can. But go out and do what it is you really like doing. Even if it is the same thing that you are doing for your current employer do it for yourself! You can make much more and enjoy much more freedom doing it for yourself. It’s really not that hard. I’m a single parent of three and I enjoy doing my own thing!!

Stop by later on in the week and I’ll give you some more income tax information along with some much needed etiquette tips as well. 2010 is going to be a prosperous year for me and for you!!! Not making any new years resolutions either just speaking things into existence thats all.

Be blessed! You can look me up on facebook, LinkedIn, MSN Live or you can visit my website at www.sandraparksschoolofetiquette.com or www.saptaxes.net (coming soon) and one other project is coming soon too. You will hear about it really soon right here on my blog so stay tuned and keep coming back! I won’t disappoint you I promise. You can also reach me at 972.838.0106 or 972.569.7938.

As always be blessed!

TGIF

Today’s blog is sweet and simple and to the point!  I thank the Good Lord above for allowing me to see another Friday that I’ve never seen before.  I’m thanking him for blessing me with my family and my friends.  You know I’m a young lady and I’ve been through so much.  But through the Grace and Mercy of my Jesus I’ve been so blessed to overcome and prosper just as he promised me.  You know he never promised us an easy road or no trails and tribulations.  As a matter of fact he promise that we would have our peaks and valleys but he also said that he would make a way of escape for us.  And on this Friday I thank him for my many escapes.  For when I look back over my life I know that I could have been dead and gone on so many occasions.  But he kept me!!!!  Yeap he kept me just like he is keeping all of you!!!  Thank you Jesus!!!!

Now for you reading this be blessed.  Count your blessings,  your many blessings.  Be thankful!  Tell someone that you love them and mean it!  Help someone other then your friends and families.  Be a light, a mentor, a friend to someone that needs it.  Give something of yourself.  Give away some of the stuff that you’ve been so blessed to have to someone that doesn’t have what you have.  And always love hard!  For these are just some of our reasonable services that we can do.

Until next time be blessed and I love you with the love of Jesus!!!

How to benefit from practicing proper Etiquette

I’m a professional woman and in doing all of my business transactions I want to exercise proper etiquette and I’m sure you do too.  Knowing how to communicate in a professional manner is very important.  Your communication skills will always be noticed.  So sharpening your communication skills both on a personal level and professional level will benefit you in so many ways.  Looking someone directly in the eyes when you talk to them is vital.  A firm handshake is also another vital concept to learn and grasp.  And of course we all know that “Thank You” goes a long way in both your professional and personal lives.

Are you interested in sharpen your etiquette skills both personally and professionally?  Here at The Sandra Parks School of Etiquette you can learn these skills and more.  Also are you aware that taking classes like these can also be tax write offs?  Contact me if you are interested in taking some classes and/or learning how these classes can be used on your tax return as a write off.

Please visit http://www.sandraparksschoolofetiquette.com for more information.  Or call me at 972.569.7938 or email me at saprpm@yahoo.com

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