5

Renting Out a Vacation Home

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Tax rules on rental income from a vacation home can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself.

There is however, one provision that is not complicated. Homeowners who rent out their property for 14 or fewer days a year can pocket the rental income, tax-free.

Known as the “Master’s exemption”, because it is used by homeowners, near the Augusta National Golf Club in Augusta, GA who rent out their homes during the Master’s Tournament (for as much as $20,000!). It is also used by homeowners who rent out their homes for movie productions or those whose residences are located near Super Bowl sites or national political conventions.

For instance, if you live close to a vacation destination such as the beach or mountains, you may be able to make some extra cash by renting out your home (principal residence) when you go on vacation–as long as it’s two weeks or less. And, although you can’t take depreciation or deduct for maintenance, you can deduct mortgage interest and property taxes on Schedule A.

In general, income from rental of a vacation home for 15 days or longer must be reported on your tax return on Schedule E, Supplemental Income and Loss. You should also keep in mind that the definition of a “vacation home” is not limited to a house. Apartments, condominiums, mobile homes, and boats are also considered vacation homes in the eyes of the IRS.

Further, the IRS states that a vacation home is considered a residence if personal use exceeds 14 days or more than 10% of the total days it is rented to others (if that figure is greater). When you use a vacation home as your residence and also rent it to others, you must divide the expenses between rental use and personal use, and you may not deduct the rental portion of the expenses in excess of the rental income.

For example, let’s say you own a house in the mountains and rent it out during ski season, typically between mid-December and mid-April. You and your family also vacation at the house for one week in October and two weeks in August. The rest of the time the house is unused.

The family uses the house for 21 days and it is rented out to others for 121 days for a total of 142 days of use during the year. In this scenario 85% of expenses such as mortgage interest, property taxes, maintenance, utilities, and depreciation can be written off against the rental income on Schedule E. As for the remaining 15% of expenses, only the owner’s mortgage interest and property taxes are deductible on Schedule A.

Questions about vacation home rental income? Give us a call. We’ll help you figure it out.


11

Corporate Holiday Gifts – Sometimes A Small Token Goes A Long Way

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Corporate holiday gifts are usually gifts that the employer gives to employees and clients to show appreciation for the contribution to the business.

Cash tops the list for for employees, while trips are another great gift idea. A short weekend getaway to an area spa is a real nice to say thank you at the holidays.

No one wants a wreath either, a corporate holiday gifts list should not include any plant life or any use to be a plant gift either. Another bad idea is anything with the corporate logo blazoned across it. Employees do not need another pen with the company name on it. Food baskets are not the worst of the worst as presents to employees but food baskets should be sent to clients, and not given to employees that have helped to build the business throughout the year.

There have been some record breaking corporate gifts recorded over the years. There have been some gifts that were new cars, new homes, and all inclusive vacations to exotic locations. Large amounts of cash also made to the top recorded presents to employees.

Corporate holiday gifts are not only a show of holiday spirit but are also a nod to appreciation for a job well done. They should be well thought out or come in the form of a one size fits all cash gift. It really is the thought that counts and if there is no thought than it does not count.

If your employees have served you well throughout the year, you should reward them for it. Don’t give them anything insulting, like a simple wreath or pen with your company’s logo on it. Instead, give them a nice cash bonus or treat them to a vacation so they can come back to work well rested. If they have kids, consider getting them gifts in addition to your employee as well, to show that you pay attention to their family life.


6

There Are Many Beaches In And Around Famagusta North Cyprus

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There are many beaches in and around Famagusta North Cyprus. Visitors can find everything here. If you are looking for some water sports then you can enjoy swimming in one of the beautiful Famagusta beaches.

Take part in all beach activities. Choosing a right beach here is very much compulsory. If you would like to enjoy your beach holidays in Northern Cyprus then it is advisable that you to beaches where you can find plenty of facilities. If there is a beach where one can find many parasols or so many sun loungers then you can relax by for a couple of minutes. Tourists or the travellers prefer to come here to spend their summer holidays. Here are so many beaches with quiet reasonable facilities.

Beaches here are known for calmer Mediterranean waters. If you are earnestly looking for real beach holidays in Northern Cyprus then you can spend your time on one of these beautiful beaches and make a memory of your beautiful vacation here. Do not miss this chance to take part in exciting evening activities on beaches here. Often, visitors look for parties on beaches. If you too are looking for the same then you can have the chance to lit the bonfire and spend your time under the moon lit sky.

Kyrenia and Famagusta Beaches:

Visit most famous Kyrenia beaches or Famagusta beaches when you are here on Northern Cyprus holidays here. Here are so many beautiful sandy Northern Cyprus beaches where beach lovers can truly have a great time.

Beaches here in northern Cyprus are environmental friendly. You can come here along with your family, friends or relatives, colleagues etc. You can have the chance to enjoy your beach holidays in a way you always would love to. Book your flight to North Cyprus if you have not made up your mind. Book your Ercan flight or larnaca flight today.

Time on beach cafes here or one of the best northern Cyprus hotels in and around famous beaches here in Kyrenia and Famagusta will truly remain as the best time spend on your holidays.

Spend your time here and take home beautiful memories of your Northern Cyprus holidays.

Book your larnaca flight or an Ercan flight today. Do not delay.


10

Holiday Trip For Dubai

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Dubai is among the seven emirates that make United Arab Emirates (UAE). Out of the seven emirates this city is most progressive and modern. They follow the tradition and outlook of Arabian culture. While choosing a destination for our holiday we focus on fun and entertainment part. Holiday to Dubai 2012 is a one of the most exciting and unique approach to make yourself happy in these holidays. This is a world class destination that you must visit in your holidays.

Popular tourist experience:

We recommend you to visit desert of Dubai especially at night times. Camel riding is again a beautiful event of desert. These things will create mesmerizing moments for your lifetime. The city is surrounded by complete greenery. The famous amusement wild wadi water park that include Dubai zoo too is a perfect move with your family after visiting Arabian Desert. There is a creekside park which include ride across the creek for older.

Beaches are the idealistic part for spending time in your holidays, on the bank of Jumeira Road the popular beaches exists. It attracts you soon as this lovely beach has white sand in combination of clear warm water that will excite you.
One should definitely visit this place as it will make you very happy from your heart. Those coming from coldest places and want to enjoy in these beaches in 45-50 degree temperature, they are being offered parasols and sun lounges in minimum cost. This city has plenty of entertainment things for their visitors.

Hummer Safari in Dubai:

This beautiful place will give you unimaginable photographic scenery. Hummer Safari in Dubai will promise you a chance to capture desert experience for your lifetime gallery. Many agencies provide you evening hummer safari trip in Dubai. From pick up to drop service, everything you will receive according to their terms. They try to make you feel true Arabian ambience by providing you all traditional Arabian carpets and comfortable seating cushions.

Services:

Many agencies offer good and attractive packages with staying arrangement in 5 star hotels. Dubai city is famous for its hospitality and services. Varieties of delicious foods are available here that will enhance your holiday excitement. As this city has minimum service tax so shopping will be less expensive for you.Especially shopping of electronic goods will be affordable. You can also decorate your wardrobe by fancy shopping. One should surely join holiday in Dubai 2012 trip.


9

Shuttle Bus Tour From Miami To Key West

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Traveling by bus Miami to Key West is one of the cheapest options to reach the island. Key West is a part of Florida Keys and one of the most populated islands there. Key West is the southernmost point and is situated 160 miles west from Miami.

There are many different means of transportation from Miami to Key West but taking a bus Miami to Key West is the most economic one. Even though this is not the fastest way to reach the island, a lot of people opt to travel by bus. Buses that go until the island are very comfortable and tourists can relax and enjoy the ride until they reach their holiday destination.

Shuttle buses are available by different companies such as for example Florida Express, Key West Express or Greyhound. There are a lot of pick up point all over the Miami so you dont have to worry about where you should catch the nest bus. The biggest pick up points are Miami Airport and Miami Beach. All of the mentioned companies have different prices, and the best way to check them and to compare them it to see online. You can even make online reservations for bus Miami to Key West and therefore ensure to have the best possible seat waiting for you on board. Tickets for children and seniors are always much cheaper and sometimes even have discounts. Peak seasons to visit the island are between January and April.

Key West is an extraordinary place to visit and to spend there couple of days. Key West is a rather small island that measures 2 by 4 miles. Key West is the most distant island in the Florida Keys and yet this is the island that has most visitors and tourists every year.

When you take a bus Miami to Key West you will have to cross the famous Overseas Highway and Seven Mile Bridge. The Seven Mile Bridge represents a net of more than 40 smeller bridges that connect more than 30 islands. There are about 1700 islands in the Florida Keys but only 30 of them are connected by bridges.

Once you reach the island you will be surprised with numerous activities that you can do there dive, snorkel, swim, relax on the beach, explore the coral reefs, explore the city, etc. One of the most important historic points worth of visiting are the Harry Trumans White House, Ernest Hemingways house that was turned into a museum etc.

Key West vacations represent an ultimate vacation destination for many families. There are many interesting things in which the whole family can enjoy together. A bus ride is the first adventure you will be able to experience until you reach the island.


14

Travel Insurance 101 – Annual Vs Single Trip Holiday Insurance

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If youre taking a journey in the near future, chances are youve already been made aware of the value of having appropriate travel cover. It is a necessary purchase to guard against financial loss incurred by delays, cancellation or interruption, lost or damaged property, illness, and accidents – in addition to a host of other real, but often unforeseeable, events. As with any policy, the extent of your coverage, which includes the dates, items, events, and people covered, depends on the policy you purchase – which in turn depends on the company you buy it from. So choose wisely! One of the first decisions you need to make is whether to purchase annual travel or single trip holiday insurance. How do you know which choice is right for you? Here are a few of the advantages and disadvantages of both.

Price

Just as with any purchase, theres a certain economy of scale involved in the business of travel cover. Everyone wants to both save money and get the best deal possible; therefore, it is important to clearly identify what you need from a policy in order to determine whether annual travel or single trip holiday insurance is the right choice for you. Because an annual policy covers several journeys over the course of a year, you end up paying a lower wholesale price compared to what you would pay in total for several. However, if you foresee taking only one holiday over the course of a year, purchasing single trip holiday insurance configured precisely to your needs is definitely the more practical option.

Convenience

Another important factor is convenience. For a person who does a lot of travelling, especially to different locations for business, convenience is of premium importance. Travellers have to contend with tight schedules, paperwork, and hundreds of tiny details that could easily lead to very unpleasant situations if neglected. If you plan several trips over the course of a year and your coverage requirements do not change significantly from trip to trip, opting for an annual plan can save you lot of time and effort with regards to negotiating and paperwork.

Coverage

The final consideration which policy best suits your needs is coverage. An annual policy generally provides the same blanket coverage for multiple journeys, which makes it perfect for those that are somewhat repetitive and mundane in nature, such as business visits to satellite offices in other countries or to visit the folks back home for ex-pats.

However, if you travel for pleasure and visit different places seeking diverse experience each time, a single policy that can be configured to your individual needs may be the right choice. For example, if youre planning a high-octane adventure to the French Alps, you may need hazard insurance if you plan to go skiing or paragliding, which annual plans generally do not cover.


11

Marquesas Islands

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The Marquesas Island is located in French, this are a group of islands in the Southern Pacific Ocean. The Marquesas Island is delivered that more than two thousand years ago it has been settled by Polynesians, likely from the islands of Tonga and Samoa. When a Spanish explorer gave the name to island, that time the first European contact came in 1595. In 1842, France took possession of the group .in the middle of the nineteenth century, the Marquesas have been hard-hit by western diseases, mostly smallpox, because of this reason he population got decline from about 100,000 in the sixteenth century to only 20,000 by the 1870s and just 2000 as the twentieth century began. Approximately 8,600 is a current population of the island. Most of the Marquesas Island is still less populated today.

Marquesas Island is the most remote island group in the world. It is about 850 miles northeast of Tahiti, and nearly three thousand miles from western Mexico, the nearest continental land mass. There are two groups of Islands, one is northern group centered on Nuku Hiva, the largest island and the second is the southern group clustered around the island of Hive Oa. The combined area of both the island is 405 square miles; Marquesas Islands are among the largest groups in French Polynesia. French and Tahitian are the official languages of French Polynesia. The native Marquesan language is still spoken widely within the islands. The several other Polynesian islands, such as Tahiti and Easter Island, are believed to have been settled by Marquesan travelers.

Marquesan culture has been noticed for its lengthy history of geometric tattoos. All citizens of Marquesas island get geometric island on their whole body both men women. Because of the volcanic nature of the island, an ancient Marquesans create stone tools of basaltic rock; as well as carving of stone monoliths, today which is known as tiki. In Polynesia, the Marquesans were known as some of the best carvers with both wooden and stone designs for utensils, weapons and artistic sculptures.

The Marquesas Islands are different then other for the sexual attitudes and behaviors of their native culture that are different than those of most Western cultures. Because of the contact with Western societies these customs have changed and have become primarily historical. The Marqueasans has religious beliefs from ancient time, like indigenous religion was strongly dualistic, postulating a living world of light and world of ghosts, deities, darkness, and night. The presence of deities in this world was believed to be vital for making work efficacious and for securing life and prosperity. There was an extensive hierarchy of deities, ranging from the founding originators of the cosmos to their particular expressions in the gods of occupations and places.


18

Begin Your Caribbean Adventure By Walking Around The Cayman Islands

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If you are looking for the ideal holiday then why not book to stay on the Cayman Islands. From your base there you can start your Caribbean adventure by walking in George Town which is the capital of the Cayman Islands. The instructions provided below will allow you to explore George Town and get a feel for the culture of the Cayman Islands.

To begin your walk, make your way over to the Old Courts Building, which is now known as the Cayman Islands National Museum. The museum contains a number of different exhibits which help to tell the story of the natural and cultural history of the islands.

Moving on from that, on Harbour Drive which takes you past the cruise dock is the beautiful Elmslie Memorial Church which was constructed by Captain Rayal Bodden. If you make a right turn, next to the car park, are old grave markers which look similar to the shapes of houses, with the smaller ones for children, these represent the typical graves of the islands. When you explore further into the churchyard there is the Seamens Memorial which bears the names of 153 Caymanians who have been lost at sea. If you look next to the memorial you can see the remains of Fort George, which was constructed in 1790 to defend against the Spaniards who laid siege to the islands and took prisoners to Cuba.

If you then stroll up Fort Street to the modern Legislative Assembly, which plays host to a wide selection of photos which were taken in the old days, displaying the Town Hall and 1919 Peace Memorial which was next door.

If you look outside the Hall you will find the Clock Tower, which was constructed in the memory of King George V, if you walk across the street you will discover the Public Library that was built in 1939. Furthermore, if you walk up towards the Law Courts sometimes you may be able to see a court in session where you can watch barristers argue in front of the judges.

The Post Office which was also put together by Captain Rayal, can be seen down Edwards Street. Furthermore, if you make your way round the corner of Elgin Avenue and Shedden Road you will discover the traditional cabin-style houses. Finish off your walk at the delightful Panton Square.


19

Choosing A Michigan Hotel

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When we are discussing best value in terms of Michigan hotels, one thing you must remember is that hotel prices are not fixed in stone. Don’t assume that the first prices you are offered are fixed – this is rarely true! Nowadays in these economic times, many hotel operators have come to the conclusion that a discounted reservation is better than no occupancy at all! The range of choices for hotel accomodation in MI are numerous and varied and the tourism industry is very cut throat. One way of evaluating the most cost effective hotel rates in Michigan is to utilize online booking systems. Most hotel chains run web sites where reservations can be made online with credit or debit card and numerous hotel comparison shopping websites are available making it a breeze to shop around and compare rates while keeping an eye out for any further discounts which may be applicable for your individual circumstances.

However, value for money is not necessarily the cheapest possible rate, you have to consider the standard of the room, the facilities and amenities, the location and the customer service also. For instance, if you are trying to choose between two hotels which are on your short list, always make sure you are comparing hotel rates on a “like for like” basis – do both hotels feature complimentary high speed broadband, swimming pool, complimentary gym access? Double check all the online terms and conditions and see if they are complimentary or if there is a charge payable.

As realtor’s always tell us, location is paramount! How far is the hotel from local places of interest? is there a complimentary bus service? How far from nearest transport links such as rail station or airport? All of these factors can also affect room rates. For instance one of the most popular attractions in Michigan are the various water parks, hotels near to these attractions cost more but if you are planning to spend the majority of your time having fun in one of the parks then the extra cost of the hotel could be better value than daily transportation costs via taxi for instance.

Additionally, if you are traveling by car and plan to spend a lot of time touring around Michigan, think carefully before reserving a down-town hotel with the associated higher room costs, many hotels on the outskirts of the major cities are often better value and have easier parking too!

Obviously check out Michigan hotel user reviews prior to making a reservation, because a cheap hotel with really poor service can ruin your vacation, better to pay slightly more and enjoy your hotel!


13

Just Plan And Enjoy Holidays Vacations In India

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Touring is travel to an area that is planned to realize complete pleasure. Individuals so value more highly to travel style of vacation spots to fancy their vacations and treasure some moments. One such traveler place within the world which will give most satisfaction to the tourists is India. Traveling in India on vacations is often fun. However, correct coming up with will build it plenty a lot of fascinating. Coming up with will assist you save time and cash by avoid inessential expenses. Here are some tips to save lots of a substantial quantity of cash on your vacation packages in India.

India vacation packages watch out of everything, and after you book their packages you are doing not ought to worry in the slightest degree. They prepare obtain from the airfield, and conjointly drop you to the edifice. They book your flight tickets, and that they conjointly attempt to get you the simplest discounts from hotels.

Holidays vacations in India like these has very been a good respite for individuals eager to flee from the boring town life. Make sure that you browse all the terms and conditions before choosing such packages because the itinerary won’t embody your originating destination however would show it as Kerala. This suggests the tour would begin from Kerala itself instead of ranging from your home place.

Kerala Tourism Packages are available in completely different budget sizes and it’s for the traveler to pick out the simplest as per his demand. Most of those packages embody jaunt all the beaches within the state that has become a significant landmark currently. While not visiting these beaches Kerala tour is usually incomplete. Kerala has a similar position in India as a number of the opposite traveler attractions within the world and can’t be compared with the other place as ever place has its distinctive identity.

There are numerous travel agents in Delhi that supply you economical services for traveling within the town. Exploitation their services you’ll additionally visit adjacent areas covering Delhi. The foremost functions of tour operators In Delhi include price ticket bookings and reservations and designing the journey. Specialist guides and different essential arrangements like pull and eating also are taken care of by the tour operators. Whereas traveling with a Tour operator in Delhi, you would like not worry concerning flight bookings and building reservations. Youll fancy a trouble free vacation with the tour operators of Delhi.

Our tour operators visualize your entire desires before you even suppose and deliver the extraordinary travel services. We tend to area unit committed to support you with best options all told tour packages. So, do not wait to decision tour or holiday vacation in India if you’re going to explore India then solely we are able to add richness to your entire trip.