Month: March 2018

Taxpayers In Colorado Are Not Sure About Tax Refund

For four consecutive years, the Colorado Department of Revenue has flagged several state tax returns while in a number of cases they have offered to send refunds through paper checks instead of sending a direct deposit. To those who are still planning to obtain a Tax ID in Colorado, they might not be familiar the term warrant which refers to checks when processing paper refunds from the state. Though the refunds come with a letter, there are still a number of taxpayers that were confused because of the term used.

Another point that creates confusion is the recommendation made to taxpayers to visit the branch of Wells Fargo directly if they are not willing to shoulder the fees that are charged by financial institutions. Wells Fargo is in charge of keeping the refund money for the state tax and they are willing to cash out the warrants, also known as checks, without additional charges. In addition, the state said that they do not have control over institutions that decide to impose charges.

One taxpayer named Barbara Cooper said that she went ahead to deposit her warrant to an automated teller machine under the credit union but it got rejected. After which, she decided to visit a location of Wells Fargo to cash out her warrant which she then brought back to the credit union in order to continue the depositing process.

She complained that the warrant holds their money therefore they must be able to access it in the most convenient way there is. The government is using warrants instead of checks when getting money from the Treasury account but the banking system recognizes the warrant the same way as checks.

According to a spokesperson from the revenue department, Mim Mirsky, there are a lot of financial institutions all over Colorado that were able to cash out or make a deposit using the checks in the recent years. Any financial institution will be able to process the checks without problem but some might have additional charges.

This matter is something that every taxpayer should know about even those who are planning to obtain a Tax ID in Colorado in order to avoid confusion and problem with their tax return.


How Helpful Are Reverse Mortgage Loans To Retirees?

If you own your own house and are at least aged 62 and beyond, you can have the opportunity to avail reverse mortgage and turn your home equity into cash. Basically, the reverse mortgage loans allow you to apply for loan using the equity of your home. The good thing about this mortgage, you don’t have to repay for the loan for as long as you are living in it and have no plans of selling it. If you want to find solutions for your source of income, reverse mortgage is an option worth your consideration.

How It Works

With a reverse mortgage loans, the lender will make payment to the senior homeowner based on the percentage of the equity of the house. When the borrower dies or moves out of the property, the homeowner or his heirs may sell the house to pay off the loan; the homeowner or heirs can credit the existing to loan to keep the home; or the lender will allow selling of the home to settle the loan balance.

While reverse mortgage loans can come in many types, including those provided by private lenders, they usually share the following features:

  • The older you become when availing reverse mortgage loans, the higher the loan amounts you receive. If you own expensive homes, you can also qualify for larger loans.
  • The current house that you own will be your asset when you avail for reverse mortgage loans. Other mortgages must be paid off before you can avail this privilege.
  • Financing fees can be included in the loan amount.
  • The financer can demand repayment if the senior homeowner commits fraud, declares bankruptcy, abandons the property, fails to pay property taxes, fails to keep property insurance, or fails to maintain the current property condition. They may also request repayment if the senior takes more loans using the property, modifies the zoning classification of the property, leases part or all of the property, adds a new owner to the property’s title, or condemns his or her home.

During senior years, a retiree must have a financial adviser, lawyer or an adult child to give him constant advice on what to do especially with his or her estate. It’s also to ensure that reverse mortgage loans are really right for their needs.


One Stop Solution For Domestic Staffing Requirements

All of us need a helping hand to go on about our daily chores. Be it in homes or offices, there is a constant need of housekeeping staff to take care of daily cleaning and maintenance of the premises. These housekeeping staff must be properly trained and skilled to carry out their regular activities in a neat and effective manner.

The one stop shop for all your housekeeping and domestic help needs in Dubai is Savoir Vivre. The agency is established in 2013 and has earned the reputation of being g one of the best and reliable agencies for providing domestic staffing services. The agency has branches Eastern Europe along with Dubai and has an extensive network, which helps them to recruit the best people in the industry. They take of the housekeeping services of homes, offices and business organizations by providing well trained staff.

The Savoir Vivre agency provides a number of domestic helps ranging from Nannies, Nannies for special needs children, Maternity Nannies, Butlers, House and Estate managers, Private Chefs, Governess, caregivers for Elderly persons, personal assistants, Executive assistants, Yacht crew, Chauffeurs, Tutors and personal trainers. All the staff provided by the agency is well trained and professional. They are trained in Social Etiquette, Communication skills and Table manners. The training helps the staff to pick up the necessary skills to carry on their regular duties with the clients confidently.

The reputed agency provides special needs caregivers, teachers and medical personnel for families who have children with special needs. These families are serviced first and are given tailor made contracts with specially designed terms and conditions. They also provide elderly caregivers like nurses and support staff to take care of elderly couples living alone. The medical personnel and caregivers are trained in CPR and first aid and can respond well to emergencies.

The best agency to approach for domestic staffing services in Dubai is Savoir Vivre. Just visit their website and fill up the registration form or dial the contact numbers provided on the website, to get in touch with the agency. They will take care of all your domestic help needs and provide well-trained professional helpers to assist in your daily chores.