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New York Power Authority Offers Slick Savings at Hyde Park Ice Rink with New Electric Zamboni

New York Power Authority Offers Slick Savings at Hyde Park Ice Rink with New Electric Zamboni

NIAGARA FALLS, N.Y. - Standing in front of a new electric Zamboni, New York Power Authority President and Chief Executive Officer Richard M. Kessel (at podium) is joined by Niagara Falls Mayor Paul A. Dyster (left) and New York State Assemblyman John Ceretto at an announcement on Jan. 26, 2011, of the completion of a comprehensive energy efficiency project at the Hyde Park Ice Pavilion.

In addition to the  Zamboni, the nearly $1.4 million initiative will save energy, provide significant financial savings for taxpayers, and help protect the environment.

Ten Tax Benefits for Parents

Ten Tax Benefits for Parents

Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year.

1.         Dependents In most cases, a child can be claimed as a dependent in the year they were born. For more information see IRS Publication 501, Exemptions, Standard Deduction, and Filing Information.

2.         Child Tax Credit You may be able to take this credit on your tax return for each of your children under age 17. If you do not benefit from the full amount of the Child Tax Credit, you may be eligible for the Additional Child Tax Credit. For more information see IRS Publication 972, Child Tax Credit.

Tax Help for Small Businesses and Self-Employed

Tax Help for Small Businesses and Self-Employed

The IRS Small Business and Self-Employed Tax Center at http://www.irs.gov/smallbiz offers extensive resources and online tools designed to help small businesses and self-employed persons.

The IRS Small Business and Self-Employed Tax Center on the IRS website offers the following resources:

Four Tax Tips about Tip Income

Four Tax Tips about Tip Income

If you work in an occupation where tips are part of your total compensation, you need to be aware of several facts relating to your federal income taxes. Here are four things the IRS wants you to know about tip income:

1.         Tips are taxable. Tips are subject to federal income, Social Security and Medicare taxes. The value of non–cash tips, such as tickets, passes or other items of value, is also income and subject to tax.

2.         Include tips on your tax return. You must include in gross income all cash tips you receive directly from customers, tips added to credit cards, and your share of any tips you receive under a tip–splitting arrangement with fellow employees.

How to Make Your Car Last Forever: Auto Q&A with Tom Torbjornsen

How to Make Your Car Last Forever: Auto Q&A with Tom Torbjornsen

Dear Tom,

I own a 2000 Buick Century. About two months ago I had the brake pads replaced. Now it makes a noise when I step on the brakes (a squealing sound) and I have to press the pedal hard to get the car to slow down. What could be causing this condition?
Chris from Buffalo, NY

Chris,

It's Official: Joe's Crab Shack is Coming to Amherst

It's Official: Joe's Crab Shack is Coming to Amherst

AMHERST, N.Y. - The self-described "quirky" seafood restaurant chain that got its start in Houston, Texas in 1991 is opening its first Western New York location this summer.

The first local Joe's Crab Shack restaurant will take up residence in the former Pizzeria Uno location on Maple Road this summer. The owner, Ignite Restaurant Group, expects to begin hiring staff in early summer.

The company opened the Brick House Tavern and Tap across the street in the fall.

Points to Keep in Mind When Choosing A Tax Preparer

Points to Keep in Mind When Choosing A Tax Preparer

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare your return. Most return preparers are professional, honest and provide excellent service to their clients.

Here are a few points to keep in mind when choosing someone else to prepare your return:

1. Ask if the preparer is affiliated with a professional organization that provides its members with continuing education and resources and holds them to a code of ethics. New regulations require all paid tax return preparers including attorneys, CPAs and enrolled agents to apply for a Preparer Tax Identification Number — even if they already have one — before preparing any federal tax returns in 2011.