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ira

On Ira Hansen and the Nevada Republican Party

Event Date: 
November 21, 2014 (All day)

Ira Hansen (born October 5, 1960) is a member of the Nevada State Assembly. He is a Republican, representing district 32 in Northern Nevada.

Biography
Hansen was born in Reno, Nevada. He is a member of The Church of Jesus Christ of Latter-day Saints. He is married to Alexis with 8 children. He works as a plumbing contractor. He was a talk radio host on station KKOH in Reno for five years as well. He was fired due to outrage over comments he made to the effect that the United States should not have such a strong relationship with Israel.[1]

Column: 2015 retirement contributions are increased

One of the best investments is the money you save in a retirement account. Whether it is the salary deferral savings at work or the IRA contribution or some other retirement account contribution does not matter. Whatever you save will be a benefit to you or your heirs in the future.

Column: Making this year's charity tax deductions

Giving your church or favorite charity is a wonderful thing to do. Getting income tax savings helps, but that is not really why you give them your time and treasure.

The stock market has been very good, most stocks moving up in price. If you have some stocks or mutual funds that have increased in value since you purchased them, maybe you could consider using some of them to make charitable gifts?

Column: How to meet the timing of required IRA minimum distributions

Our tax law is complicated. Some folks are wondering about the timing of taking the Required Minimum Distributions from IRA accounts.

If the Required Minimum Distribution is not taken as required, then there can be a penalty of 50 percent (is titled as an excise tax) of the amount that should have been taken.

Column: The MyRA savings plan explained

President Obama announced a new kind of retirement plan called “MyRA.” It won’t do very much to reduce your income taxes because the contributions to this new retirement savings plan are not deductible on your tax return. It is your account and you keep it if you change jobs.

The accounts for this plan will be funded or paid with what wages are left after payroll deductions. It is paid from what you have left after taxes.

Column: It is not too late to reduce taxes with a 2013 IRA contribution

Many individuals think the time to plan for 2013 year is past, and most of them are correct. The door to almost all tax saving moves or actions for 2013 closed on Dec. 31, 2013. However, there are some exceptions regarding IRA contributions and some retirement plan contributions.

Contributions to traditional (regular) IRAs for the tax year of 2013, can be made as late as April 15, 2014 and still be a 2013 deduction if certain rules are met.

Working Women With Families Have Unique Retirement Needs

These days it’s common to find women who balance family life with active careers. That’s why it’s important for working women to take an active role in planning for retirement.
Females retiring at age 65 can expect to live another 19 years (three years longer than males retiring at the same age), but only 45 percent of women participate in a retirement plan. Those statistics may make women feel insecure about their future, but with proper planning, women can feel more confident about their retirement years.

Research options

Tax Tip: Get an IRA

Ben Franklin once said, “In this world, nothing is certain but death and taxes.” That might be true, but Ben wasn’t able to open an IRA back then. If he had this option, he might have felt a little more lighthearted about paying the tax man.
Individual Retirement Accounts (IRAs) are great for people looking to save money on their tax bill and boost their retirement savings at the same time. In this volatile economy, saving money is more important than ever. Plus, when the stock market is down, it could be a good time to invest.

Column: Tax Credits and GPS Units

Well Yip! Yip! Yahoo! Another year has passed and it’s time to file your tax return again. I’m sure that you are just overcome with emotion and excitement at the “fun” time ahead gathering all your records together and making that annual journey into the bowels of IRS instructions that seem to only make sense to seasoned IRS agents. Somebody once made a joke about a GPS unit giving directions like IRS instructions.

Column: End of Year Tax Planning

Well Howdy folks! I sincerely hope you all had a GREAT Thanksgiving! We do have so much to be thankful for.

One of the things I am thankful for is that we have finished updating all our office computers operating system to a newer version of “doors” (not the real name to protect the innocent). I haven’t noticed any improvement in productivity yet though. (I thought new computer stuff always meant new tools that make us more productive.

New Nevada Law Cracks Down on Underage Tobacco Users

CARSON CITY — Gov. Brian Sandoval has signed into law a bill that will help crack down on underage tobacco users in Nevada.

Beginning in October of this year, Nevada counties will have the option to adopt ordinances that would impose fines on individuals under the age of 18 for the possession or use of tobacco products. Senate Bill 177 was introduced by Senator James Settelmeyer of Minden.

Call and Write -- NO on Senate Bill 221

The Nevada legislature's Assembly Committee on the Judiciary is set to meet tomorrow, Saturday June 1 at 8AM to discuss and possibly vote on Senate Bill 221. Please call and write to express your opposition to this bill.

The full text of the bill can be found on
https://nelis.leg.state.nv.us/77th2013/App#/77th2013/Bill/Overview/SB221

Assembly Judiciary Committee:
Jason.Frierson@asm.state.nv.us 775-684-8537
James.Ohrenschall@asm.state.nv.us
Richard.Carrillo@asm.state.nv.us
Lesley.Cohen@asm.state.nv.us
Olivia.Diaz@asm.state.nv.us
Marilyn.DonderoLoop@asm.state.nv.us

Bill Would Regulate Use of Hydraulic Fracturing

CARSON CITY — The Assembly Committee on Natural Resources, Agriculture and Mining met Thursday to discuss a bill that would require the development of a program to regulate the use of hydraulic fracturing in Nevada.

Commonly known as “fracking,” hydraulic fracturing is a process in which an amalgam of water, sand and chemicals is pressurized and injected into the ground to break up rock formations. Fracking can be used in the retrieval of natural gas and oil from deep beneath the earth’s surface, which is exactly what Houston-based Noble Energy Inc. intends to do in Elko County.

Bill to Block Black Bear Hunts During Course of Three-Year Study

CARSON CITY — The Assembly has passed a bill that will require a three-year suspension on black bear hunting in Nevada while the Department of Wildlife conducts a scientific study to determine if a healthy population of the animals can be sustained in the event that a sanctioned bear-hunting season is re-instituted permanently.

SB82 was originally aimed at banning bear hunting indefinitely but has since been amended several times. Only two Assembly members spoke prior to the vote during today’s Assembly Floor Session.

Assembly Committee OKs Bill That Would Ban Horse Tripping

by NATASHA VITALE

A Nevada Assembly committee supported banning most “horse tripping” for sport, entertainment, or practice Thursday, sending a bill to the full Assembly.

State Senate Bill 72 was one of many bills prohibiting animal cruelty that were discussed in the Assembly Committee on Natural Resources on Thursday. It bans horse tripping unless it is part of an event that is allowed by the local government.

The bill passed the committee by a vote of 10-2, with Assemblymen Ira Hansen, R-Sparks, and John Ellison, R-Elko, opposing the bill.

Bullis and Company CPA Column: IRS understands and sometimes forgives

When money is withdrawn from an IRA but is planned to be repaid to that IRA custodian or a new IRA custodian (so it is not taxable), it is required to be repaid within 60 days of receipt.

IRS Letter Ruling (PLR) is not supposed to be relied upon by other taxpayers, but it does give some information and guidance about what IRS will do.

Let’s call her Ann, withdrew funds from her IRA on Dec. 22, 2011. In January 2012, she contacted a financial institution asking how to roll over the distribution to an account there. They emailed her instructions on how to do the non taxable roll over.

Comprehensive Immigration Reform Resolution Moves on to Congress

The Nevada Assembly voted on Senate Joint Resolution 15 during their floor session Tuesday. The bill urges Congress to enact comprehensive immigration reform.

Many of the Assembly members took time to speak to the importance of passing the bill. Assemblyman James Ohrenschall was one of those who spoke in favor of SJR 15.

“Unless you’re a Native Americans, we are a nation of immigrants,” Ohrenschall said.

Emotions Run High on Both Sides of Campus Carry Debate

Wednesday was a deeply emotional day for both lawmakers and testifiers at legislature; discussion on whether concealed weapons should be permitted on Nevada’s college campuses spurred verbal attacks between individuals on both sides of the debate, and eventually tears shed down the cheeks of one assemblyman.

State's top officers to address NNDA Wednesday; five new businesses to be announced

The Northern Nevada Development Authority will hear from the state's top officers and learn of five new businesses to the region during a breakfast Wednesday, 7 a.m., at the Carson Nugget in Carson City.

Attorney General Catherine Cortez-Masto will discuss Home Again Nevada and her Sex Trafficking Bill. State Treasurer Kate Marshall shares her new scholarship program for children entering kindergarten. 
Secretary of State Ross Miller will discuss the new Business Portal.

Dare to Touch PERS Reform, Anyone?

Now here is a story that SHOULD make your blood boil, especially because for some reason the story “hit” on Christmas Eve.

Pension Politics: California system plays hard ball in court – Opinion – ReviewJournal.com
http://www.reviewjournal.com/opinion/pension-politics-california-system-...

Obituary: Virginia Ruth Welch

Virginia Ruth Welch, 83 of Carson City, passed away peacefully at home with her family August 25. Virginia was born April 9, 1929 to Ira and Willie Webb in Dillard Oklahoma. She married Joseph Tan...

Lawmakers Endorse New Weighted Funding Formula For Public Education, Specifics To Come Later

CARSON CITY – A panel of lawmakers today recommended that Nevada’s public education funding formula be revised to take into account the higher cost of educating specific groups of students, including English-language learners and children in poverty.

But lawmakers also acknowledged that updating the formula won’t mean any significant changes in funding for the state’s 17 school districts until the state’s economy improves and tax revenues increase.

There is no proposal to shift funding from one district to another to fund a new weighted formula.

Nevada 2012 Political Races Crystallize As Candidate Filing Period Ends

CARSON CITY – After months of prognostications and political maneuvering, Nevada’s 2012 election season crystallized today as the state’s two-week filing period for public office came to a close.

Next up: A June 12 primary followed by the Nov. 6 general election, which will see a lengthy ballot topped by the presidential race, a competitive U.S. Senate race and four congressional contests.

Also at stake is control of the state Legislature, particularly the state Senate, where Democrats have a razor thin 11-10 majority.

State Fiscal Constraints Holding Up Interim Studies Of Public Education, Retirement System

CARSON CITY – The state of Nevada’s tough financial situation is holding up two separate interim studies approved by the Legislature because of the requirement for alternative funding sources to assist in conducting the reviews.

Lawmaker Review Of 45-Year-Old Nevada Public Education Funding Plan Hits Financial Roadblock

CARSON CITY – A panel of lawmakers today began a review of the state’s 45-year-old formula for funding public education with an eye towards addressing the needs of the state’s urban districts as they work to educate special education students, English-language learners and children in poverty.

The panel is still searching for funding for a study to help in the review, however. The failure to find private funding for a study could jeopardize any meaningful review in this interim, lawmakers were told.

Assemblyman, ACLU want new rule on public-records access changed

Assemblyman Ira Hansen on Wednesday joined with the American Civil Liberties Union in questioning a provision requiring those seeking public records from the Legislature to say what they want them ...

Legislative Commission Approves New Reporting and Public Records Policies

The Legislative Commission today approved new fees for public record requests and a new expense report form for elections as well as appointed members to two dozen committees that meet during the interim.

Republican Lawmakers Give Mixed Reviews on Reforms, Budget Deal

CARSON CITY — Gov. Brian Sandoval has enough Republican votes to pass the budget deal announced in this final week of the Legislature, but that doesn’t mean all conservative lawmakers are happy about it.
Some Republicans will support the governor and vote in favor of the fiscal compromise consisting of hard-won reform bills and the extension of some taxes that were set to expire. Many others will likely cast “no” votes in a principled protest against tax extensions.

Democrats Identify “Key” Republicans Who Might Vote For Taxes

CARSON CITY – The Nevada State Democratic Party today called for Nevadans to press nine GOP “key legislators” to vote for new taxes.
Democrats are urging Nevadans to email these nine Republican legislators, saying that “grassroots action will turn the tide, but it will only happen if you participate.”

Assemblyman Asks Lawmakers To Put 'Cards On The Table' In Forum

CARSON CITY — Assemblyman Pat Hickey, R-Sparks, is asking other legislators to “lay your cards on the table.”
As the budget debate in Carson City roils to no discernible conclusion, Hickey is bringing 21 lawmakers, business leadersa and academics to the Legislature to talk taxes and government reform.
“This forum will help get out into the open things that have only been talked about behind closed doors,” Hickey said. “As moderator, I plan to press participants to speak openly about the ‘end game’ here this session.”

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