Old Debt Settlements Can Come Back to Haunt with Large Tax Bite

Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]

Date: 2008-12-01 14:54:03

Blog posts (16) | Videos (12)
 

Get your life back with dept solutions

Desember 31, 2008 at 9:30 am | In general | Tags: dept solutions Most people in this world have a debt ... understand. Yes, debt incurred by credit cards, tax debt, medical bills, old repossessions, personal loans ... that can help you to overcome your dept problems, this service is not a credit card companies. This service [more...]

Date: 2008-12-31 02:30:18

Agriculture incomes are rising and investors are bullish as AgChoices conference nears

Alberta farmers and ranchers will gather in Red Deer on February 11th to discuss new opportunities and ideas in agribusiness ... instruments, like asset-backed debt, become increasingly complex and, as it turns out, worthless, a certain ... , understand that inflation is an irresistible tool of government even when compared against taxes and debt [more...]

Date: 2009-01-12 05:54:40

A Buyer of Structured Settlement Annuity Can Lead the Way to Financial Relief

We could all use a little bit of relief these days – in the financial arena to be sure ... and our families through the tough times. But when debt is piled on your back, mortgage payments are staggering, property tax is unseemly, school loans are due, car payments have to be made, health insurance keeps [more...]

Date: 2009-01-14 03:07:18

In 2009 Go Back to Basics

Hi All,  Like most hardworking Americans you probably spend a good deal of time working for your money ... % credit card.  Dump it.  If you owe money on rent-to-own appliances, pay it off. If you have back taxes ... be wishy washy, eliminate high interest debt.   4) Own your own home.  Home ownership increases [more...]

Date: 2009-01-07 20:11:16

IRS is willing to cut taxpayers some slack this year

IRS is willing to cut taxpayers some slack this year Jan 12th, ... out. The agency also launched a five-point plan to help those who are behind in past tax debts, giving IRS agents the ability to suspend collection actions, adjust payments for back tax bills and provide lenient [more...]

Date: 2009-01-12 04:21:16

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 7 Nov08 Bankruptcy & Insolvency

Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Beware of grandiose claims when dealing with a loan modification firm. You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. [more...]

Date: 2009-09-29 17:30:06

Spending our way out of debt.......from Rico

Don't try this at home! Spending your way out of debt, by creating more debt just doesn't work for individuals, or nations. The OECD chart illustrates that public spending on the back of unsustainable tax revenues leads to structural deficits which will NOT vanish after the crisis is over. Policy measures across many nations will prolong the recession/depression, and lead to lower tax revenues and higher unemployment. [more...]

Date: 2009-09-29 07:14:00

Ten Plagues Brought by Global Warming

Fox News looks back on 10 things that have been blamed on global warming over the past year: 1. Cannibalism 2 ... . Killer stingray invasion Thanks to moonbattery, we'll be bequeathing a mountain of debt ... to look back and laugh at. german-beer.jpg More expensive beer is actually caused by greedy tax [more...]

Date: 2008-12-24 14:31:37

Balance? We Don’t Need No Stinkin’ Balance:

Balance? We Don’t Need No Stinkin’ Balance: Posted by Mike Folkerth on Thursday, January 15th, ... No problem, we’ll tax the public to pay your debts and you can get back to gambling and make [more...]

Date: 2009-01-15 14:19:29

A growing financial burden By John Schenkenfelder Mr ... to revive America's economy. In the short term, we can easily justify massive tax cuts, corporate ... this nation has selfishly failed to balance its budgets and reduce debt. When the economy is back [more...]

Date: 2009-01-15 20:44:03

IRS Help for Taxpayers Owing Back Taxes

If you currently owe the IRS and are having trouble making payments due to your current financial condition, there may be relief for you from the IRS. While they won't forgive the debt, they will make ... with an installment agreement in place. They may be allowed to miss a payment or even reduce [more...]

Date: 2009-01-10 17:19:13

Get Your Tax and Financial Questions Answered for Free

We’re back! Our imaginary vacation was great. It was fun to take some time off from writing and enjoy the holidays ... Year (20 Tips Inside) New Years Resolution One: Downsizing Our Home DON’T Set Any Resolutions A Plan to Be Debt Free in 2009 This Could Be The Day 7 Tips [more...]

Date: 2009-01-07 14:57:55

DrumBeat: September 27, 2008

Lehman-Backed Muni Gas Bonds Trade for Cents; Deliveries Halted (Bloomberg) -- Tax-exempt bonds guaranteed by Lehman Brothers Holdings Inc. for a gas-supply contract may be worth little more than unsecured debt after the bankrupt ... and oil companies won elimination of a long-standing ban on drilling off the Atlantic and Pacific coasts [more...]

Date: 2008-09-27 14:11:57

“Throw Some $G’s on That B*tch…”

Posted by Bossip Staff Marece Richards, aka, Rich Boy, owes hella stacks for bustin’ off at a fella back in ‘05: ... of his available property. According to the Atlanta Journal Constitution, a tax accountant from Mobile ... Boy is alleged to still owe $312,500 on the debt. Greg Miller, the rapper’s publicist, could [more...]

Date: 2009-01-14 11:30:51

How are they doing now?

After yesterday’s less than stellar day on Wall Street, I couldn’t help but think of this post that I wrote back in October 2006 ... to reposition your equity and employ those funds elsewhere. Consolidating non-tax preferred interest ... to start investing in your future than today. In many cases, homeowners who restructured their debt [more...]

Date: 2008-10-07 13:00:22

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