The Uniform Assessment Appeal Form provides several options associated with an appeal. An appeal can go to the county’s Board of Equalization, to binding arbitration, to a hearing officer for non-homestead property with a fair market value in excess of $1 million or directly to Superior Court with consent of the Board of Equalization. Taxpayers Claiming Itemized Deductions on Schedule A. Itemized deductions include mortgage interest, charitable deductions, medical and dental expenses as well as state and local taxes. In addition, itemized deductions include the state and local general sales tax deduction that was also extended and which primarily benefits people living in areas without state and local income taxes. Because of late Congressional action to enact tax law changes, anyone who itemizes and files a Schedule A will need to wait to file until mid- to late February.

2010
In 2010, the increased standard deduction for real estate taxes or a net disaster loss from a disaster occurring after 2009 have disappeared. Additionally, the itemized deduction or increased standard deduction for state or local sales or excise taxes on the purchase of a new motor vehicle have also disappeared. (There’s an exception for the rare circumstance in which you bought the vehicle in 2009 and paid the tax in 2010). To access their tax refund information, users must enter into the application their Social Security number, which in turn will be masked and encrypted to ensure security. Users must then pick the filing status they used on their tax return, and provide the amount of refund they expect from their 2010 tax return.

SBA
For the first time in about 30 years, the SBA is proposing a change to the way small businesses are defined in a move that could boost the number of businesses eligible for SBA programs. To define a company as a small business, the SBA primarily looks at two measures: revenues and the number of employees, but lately the agency may be missing the mark, so it is proposing changes to 36 of the industries it looks at.

Source: Daily News Pulse