Stop Short Sale Bait and Switch
This really gets me angry. I think it's past time to declare war on this subject. I hope folks will send copies of this to their legislator and congresscritter and demand immediate action in no uncertain terms. Actually, existing law should be more than adequate to cover this - so send your governor and attorney general such missives, as well [more...]
Date: 2008-11-19 14:44:18
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Goldman Sachs lowered tax rate from 34% to 1%
It's good to be the king. Now most people with money in the market have lost badly this year, that much is no surprise ... will kindly extend a piddly few thousand dollar tax credit to offset your loss, regardless of how steep ... - but they've managed to drop their corporate tax rate from 34% down to 1% courtesy of enablers in Congress [more...]
Date: 2008-12-20 01:03:00
IRS Bad Guy Image Dwindling?
Apparently, the IRS isn’t always the “bad guy”, and you may want to take their advice if you owe taxes right now ... during these tough times.” “We need to ensure that we balance our responsibility to enforce the law ... the IRS can provide assistance: Postponement of Collection Actions: IRS employees [more...]
Date: 2009-01-07 19:13:14
The Poverty Business
Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]
Date: 2009-01-15 00:45:24
Credit Crisis Sequel, Global Bank Bailout, Emerging Markets Still a Buy?, Gas Wars and More!
by Addison Wiggin & Ian Mathias Ghosts of the fourth quarter haunt global financials… so begins the second act of the credit saga Even the IMF needs a loan… $150 billion to back up struggling emerging markets Not so fast, says Mayer… emerging markets will remain drivers of global growth Jim Nelson with an industry likely to boom [more...]
Date: 2009-01-14 07:36:46
Joe Francis is a Douchebag
This past few years has be a time of invasion in this country. An invasion of douchebags. Sure, we have always had a fair share, but nothing like lately. Just go to any club and check out the number of men sporting spray on tans, mouse and gold chains. And of course they all wear perfume (Axe is perfume, deal with it) [more...]
Date: 2009-01-08 07:28:59
Yesterday's post argued that deflation might be the new normal for much of the economy – just as it has been the norm for high tech at least since Moore's law took effect. I also argued that deflation might not be as bad as many economists make it out to be despite the fact that it is usually associated with recessions and depressions [more...]
Date: 2009-01-07 21:32:06
Gates of Vienna News Feed 10/5/2008
USABailout Bill Loops in Green Tech, IRS SnoopingCrowds Again Gather to Pray Before Image in WindowElection Precinct in Islamic Center That Hosted Extremist’s VisitMilitant Obama Youth March to ‘Alpha, Omega’ ChantN.Y. Times Whitewashes Obama-Ayers ConnectionRacism Without Racists Europe and the EUExtradition Bid Raises Fears of ‘Thought Crime’ [more...]
Date: 2008-10-06 00:49:00
Spreading the Wealth
The latest talking point among conservatives--which was picked up and amplified greatly by this Wall Street Journal editorial this morning--is that Obama's tax plan is essentially a welfare plan because it promises "tax cuts" to people who don't ... will get a "tax cut" under Barack Obama after all. Those on the receiving end of a check will include [more...]
Date: 2008-10-21 17:15:02
Nonprofit’s Association with Corporation Raises Legal Questions
From today’s Nashville City Paper: A big business carries a lot of sway in a small town. In a place the size of Murfreesboro, a major enterprise like publicly traded real estate investment trust National Health Investors Inc. naturally has connections with many people in the local business community [more...]
Date: 2009-01-12 13:13:49
Donate Your Car To Goodwill - And Receive Its FULL Value!
It’s that time of year again. If you haven’t started doing so yet it won’t be long before you start dragging out boxes of receipts and paperwork to ... that debt without having to go to jail for noncompliance. Well, have you considered participating ... , you will be notified of the sale price and all the documentation that you will need to claim the [more...]
Date: 2009-01-13 00:15:27
Tax Incentives Found in the American Recovery and Reinvestment Act
Are you taking advantage of the tax incentives available to you as a result of the American Recovery and Reinvestment Act (ARRA)? Often referred to as the economic stimulus package, the ARRA was unleashed on our down economy in February of 2009. It’s been a while since the act was rolled out, so I thought I’d share some of the tax incentives that may effect some of your spending and saving this fall. [more...]
Date: 2009-09-28 02:44:11
Student Loan Default: How to Deal with It
by William Blake The Department of Education has many different avenues with which it works hard to get money back from individuals whose student loan payments have turned into student loan default. Defaulting on a federal student loan can become such a costly event that it often becomes more expensive than an individual’s original student loans [more...]
Date: 2009-01-15 12:05:44
Student Loan Default: How to Deal with It
by William Blake The Department of Education has many different avenues with which it works hard to get money back from individuals whose student ... loans ever were. This is mostly owing to fees that are charged by loan guaranty agencies and collection agencies that the Department of Education employs to get their money back. If you are in student [more...]
Date: 2009-01-14 10:42:48
Obama Picks Tax Deadbeat For Treasury Position
By Brett J. Blackledge Associated Press September 13, 2009 Unbelievable. Obama is backing this tax deadbeat. Needless to say, if you or I were in this guy’s position we wouldn’t even be considered for dog catcher. Another example of “change”. President-elect Barack Obama’s choice to run the Treasury Department and lead the nation’s economic [more...]
Date: 2009-01-14 04:18:15
Debt Settlement Increases Income Taxes
Debt settlement might sound like the best option for you. Besides, many companies “claim” to be able to help you settle for half of what you owe ... settlement, then you do not have to pay an additional $750 (plus their monthly fees) to a debt settlement ... anything. Taxes on Forgiven Debt The Internal Revenue Service considers any forgiven debt amount [more...]
Date: 2009-01-14 20:07:23
Bush’s IRS Quietly Slashing Corporate Taxes
The Wonk Room and ThinkProgress have been documenting the many last-minute regulatory changes that President Bush’s administration is ... and irresponsible behavior. But the Bush administration is also making sure to wreck the tax system ... above and beyond what has been allowed in the past”: The IRS this year has issued 113 notices, many [more...]
Date: 2008-12-10 18:45:33
The Big Lie Illustrated
The old saying goes: "Imitation is the sincerest form of flattery," meaning that to imitate someone is to pay that person a genuine, if unintended, compliment. That exactly what The Nation magazine has done for the Center for Freedom and Prosperity (CFP), and its spokesman, Dan Mitchell, senior fellow at the Cato Institute. [more...]
Date: 2009-01-08 02:18:00
Flakey Twister
Saturday was suppose to have been my now 5 year old's birthday party. We were flaked on ... for soon, this will get us out of debt, as long as the IRS doesn't send us an I.O.U. We should ... , the best we had ever done. We had a comfortable income, we had little debt, nothing we couldn't afford [more...]
Date: 2009-01-12 13:14:00
A-Z Funny Bumper Sticker Quotes
0-60 in 15 minutes! 100% Irony Free 100,000 Sperm And You Were The Fastest? 186,000 Miles/Second: It’s Not Just A Good Idea, It’s The Law! ... to pay for maturity Air Pollution Is A Mist-Demeaner Alcohol and calculus don’t mix. Never drink ... pay for not getting it done. All Men Are Animals, Some Just Make Better Pets All Men Are Idiots… [more...]
Date: 2009-01-14 09:11:08
Your Tax Questions Answered
While I do have a lot of tax knowledge, most of it from volunteering at VITA, I am by no means an expert! ... out. The IRS can easily determine that by looking at your tax return the year the loan was taken ... Every so often, I forward a bunch of questions from readers to our local IRS agent to either [more...]
Date: 2008-11-06 14:39:04
The Fed Should Buy Down Consumer Credit Card Rates - Fast
Lets say I owe the bank behind my credit card 1k dollars and Im paying 10pct interest because the best I can do is a little bit more than the ... that I have my credit card with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]
Date: 2008-10-24 23:38:36
Theological Science* Reveals Theological Inconsistences in Our Thoughts About Monotheism, VIIIg (Economics)
In my last blog, I showed that the U.S. economy has been become a permanent ‘stabilized economy’ after the assassination of Abe Lincoln ... sources.If these government investments continue, the government debt should eventually become zeroed-out. At this zeroed-out time, annual government investments will be returned annually through the tax [more...]
Date: 2009-01-12 17:38:00
What Barack Obama’s Economic Plan Does for Internet Marketers
There are a few great things about Barack Obama’s new economic plan, and some of them should help us out as internet marketers ... -term plan to give middle-class families at least $1,000 per year in tax savings. The personal ... to put this extra $1,000 towards savings or debt, I believe most everyone will continue to spend [more...]
Date: 2008-11-05 15:46:44
Short Sale Tax Considerations
By Randy Scott Just as with a foreclosure, short sales have variable possible tax considerations that you have to take into account when doing your finances Just as with a foreclosure, short sales have variable possible tax considerations that you have to take into account when doing your finances and recovering from pulling out of your mortgage. Luckily, the tax ramifications of a real estate short sale tend to be less than in the case of a foreclosure. [more...]
Date: 2009-09-29 02:03:43
December 2008 - Net Worth Update and Personal Finance Status
Honestly, I’m starting to regret posting my financial numbers online for all to see ... relationships I feel. Just a few days ago my brother asked me to contribute to his law school tuition fund. He’s currently working full time and juggling evening law school classes. His federal [more...]
Date: 2008-12-20 02:54:38
When The Checks Stop Coming In: The Human Beat Box
Posted by Bossip Staff Yes. Another one bites the dust, again: Rap icon Doug E ... by banks looking to collect more than $3.5 million in unpaid mortgages on a trio of his Harlem homes. The rapper, 46, also is being chased by American Express for nearly $60,000 in credit-card debt [more...]
Date: 2008-12-15 15:10:01
REPOST: The Battle for J Dilla’s Legacy
REPOST: The Battle for J Dilla’s Legacy reposted from Vibe Magazine, via stonesthrow.com. i cried all over again. ugh. THREE YEARS AFTER HIS UNTIMELY DEATH, J DILLA’S BEATS AND REPUTATION LOOM EVER LARGER OVER HIP HOP. BUT FOR HIS MOTHER - WHO NURSED THE VISIONARY PRODUCER THROUGH A CHRONIC ILLNESS AND HAS WATCHED HIS ESTATE [more...]
Date: 2009-01-08 06:02:03
ACORN Community Organizers and TAX CHEATS
Boy Oh Boy, that ACORN sure is a multi-dimensional organization. Their work in housing almost bring down the entire banking system ... debt have been made and the tax debt is seriously delinquent. If the lien has been released ... activities. "I took that address and plugged it into Nexis and did a public records search for tax [more...]
Date: 2008-10-28 18:46:09
Hopeful skepticism about the IRS
Yesterday's post about the IRS move toward compassionate tax collection has gotten a lot of people thinking ... and started nagging the IRS to help close the tax gap. So the agency set loose private debt collectors ... that seems to be making the rounds in D.C. and maybe, just maybe, we will get a tax collection agency [more...]
Date: 2009-01-08 03:04:52
New Poster for ‘Seven Pounds’ Implies We’re All Smarter Than Will Smith
The poster for Will Smith’s upcoming holiday film, Seven Pounds, has been released, ... from the director of Smith’s The Pursuit of Happyness. Smith plays Ben Thomas, an IRS agent ... very bad. My guess is a drunk driving accident or a tax audit that left a family homeless [more...]
Date: 2008-11-04 16:25:08
IRS Offers Advice To Cash Strapped Americans
IRS Offers Advice To Cash Strapped Americans Posted by BK Dallas on 15 Jan, 2009 in Tax - Debt Garnishments Taxes, another debt that many Americans are struggling with is often going unpaid as taxpayers struggle ... from these payments, or make estimated payments to avoid a big bill at tax time. Public assistance and food [more...]
Date: 2009-01-15 17:08:01
Goodbye Cash-out. Hello Debt Settlement. Part 2 of 3
(If you missed Part 1 - you can find it here) If you believe the hype spun by many debt settlement firms, debt settlement sounds like an incredible solution for those consumers with too much consumer debt ... of independent data tracking the success rate of debt settlement efforts - it’s widely believed that most [more...]
Date: 2008-11-19 16:04:43
Comment Spam Fighting Technique
Comment Spam when looked from slightly different perspective can be an indicator of your blog popularity! So I guess we all should rejoice when our SPAM queue filled with dozens of comments from spam-bots. Luckily that is easily killed by simply taking advantage of the options provided by Akismet [more...]
Date: 2008-12-18 12:40:31
Foundations of Crisis
This week I have a special Outside the Box for you. My long-time friend Doug Casey wrote a very prescient piece back in 1997. He has updated it somewhat for today’s times. The critical part is a summary of the work of Richard Strauss and (friend) John Howe and their book The Fourth Turning, [more...]
Date: 2009-01-02 11:15:02
Billions of Dollars and Politicians
Here is an interesting email I got forwarded:How many zeros in a billion?This is too true to be funny ... TaxInheritance TaxInventory TaxIRS Interest Charges (tax on top of tax)IRS Penalties (tax on top of tax)Liquor ... you want the 'politicians' spending YOUR tax money.A billion is a difficult number to comprehend [more...]
Date: 2009-01-13 16:14:00
FOX Business Pundit's Prescription For Housing Ills: Turn Construction Companies Into Destruction Companies
Guest blogged by Dan In the 1930's, in an effort to increase prices, there was a plan to slaughter farm animals and destroy milk so as to force supply down and force prices up. As a youngster, I read about this and it made no sense to me then. Doesn't make any sense to me now [more...]
Date: 2008-12-28 05:22:41
Mad Money (2008) DVDR
Mad Money (2008) DVDRInformation:The film begins close to the end of the story, when the suspects get caught and are interrogated ... from his position and sunk into debt. The paycheck for Selina, the cleaning lady, bounces again. Selina confronts ... to do it again and again. Once Don and Bridget pay off their debt, Don suggests they stop before [more...]
Date: 2009-01-12 23:32:00
Garnishment
garnishment Michigan doing either chapter 7 or 13 Parsa Law Group – Tax Resolution – Tax Settlement Parsa Law Group – Don’t Mess with the IRS – Tax Settlement – Tax Resolution Garnishment Wage garnishment is a legal procedure in which a person’s earnings are required by court order to be withheld by an employer for the payment of a debt such as. [more...]
Date: 2009-09-24 11:12:31
Does Obama’s Plan Have Game?
As joblessness mounts and the economy continues its downward slide, ... more government dollars at the problem. Republicans, for their part, want bigger and broader tax cuts ... . And what if the corporate sponsor gets nailed for cooking the books or backdating options? Not a problem [more...]
Date: 2009-01-13 23:12:22
ACORN Owes Millions in Taxes
by Amanda Carpenter, Townhall An intrepid researcher has discovered more than 200 tax liens totaling more than $3 ... for Reform Now for unpaid taxes since the late eighties. A tax lien is issued when a person or organization fails to pay taxes and that tax debt is considered seriously delinquent. A lien is only issued [more...]
Date: 2008-10-28 20:29:35
The Case of the Late Co-Founder
This situation comes up for me all the time and it is really hard to manage in a way that makes everyone happy. The scenario is that founders A and B start a company and split the initial shares. Time passes, business happens. The company may or may not take on investors or issue equity to employees, [more...]
Date: 2009-01-14 02:02:33
The Carnival of Debt Reduction (Like Suze Orman Would Do)
One of my favorite carnivals is the Carnival of Debt Reduction - getting out of debt has been a long term goal of mine, ... Should You Go? Broke is: paying your rent with a cash advance from your credit card. Debt Freedom ... and I know that it’s a goal of many to pay off their debts and live the debt-free lifestyle [more...]
Date: 2009-01-06 15:46:38
Closing tax loopholes
Via Kevin Drum, a very interesting article in Mother Jones by David Cay Johnston. It begins:For years now, whenever I’ve been invited to lecture students on how our tax system ... that tax cuts for the rich do not create general prosperity. Today [more...]
Date: 2009-01-08 23:44:21
Offshore Banking Guide: How To Get An Offshore Bank Account
by Benjamin Mulletonin Offshore accounts are typically located in a tax haven, or a place with a low tax burden on the offshore banking account depositor. Offshore banking accounts are administered by banks and give well known banking services which make it more convenient to utilize the assets held in the accounts for everyday spending, [more...]
Date: 2008-12-24 08:43:26
The CFR….Expecting An Obama Regime To CHANGE - Only what the CFR Allow…..Joe Biden and Co Are CFR Guys!!
The Council On Foreign Relations (CFR) And The New World Order- By William Blase For those who may be confused by the controversies surrounding the “New World Order”, a One-World-Government, and American concern over giving the UN more power; those unaware of the issues involved; and those wishing more background, I offer the following [more...]
Date: 2009-01-12 12:04:02
Roni Deutch Tax Center on Entrepreneur.com
Elizabeth Wilson of Entrepreneur.com recently interviewed me, and I was ecstatic to see how well the resulting article turned out ... school. In 1991 at the age of 26, with $120,000 in law school debt, Deutch rented a two-bedroom ... business services: credit card restoration, bookkeeping [more...]
Date: 2009-01-07 19:58:00
How to Save $419.50 in Less Than One Hour
By Dayana Yochim and Ellen Bowman January 9, 2009 | Comments (6)Today we wrap up the first week of our Fiscal Fitness '09 challenge. In just five days, we've dished out money-saving strategies that add up to as much as $419.50.How did we rack up that amount? [more...]
Date: 2009-01-13 22:13:00
Tax cuts for people who don’t pay income tax?
falling_money Barack Obama wants a stimulus plan that may include $300 billion worth of tax cuts. But who are the tax cuts really for? ... with a debt they’ll have to repay later. This is the new definition of a tax cut. And we have Barack ... During his Presidential campaign Obama promised a tax cut to 95% of working families [more...]
Date: 2009-01-06 22:41:16
A Taxing Read
I got this email from my mom. Rather than go the usual "forward" route, I thought I'd blog about it instead ... TaxIRS Interest Charges IRS Penalties (tax on top of tax)Liquor TaxLuxury TaxesMarriage License ... we became our own country in the first place????The Tax PoemAt first I thought this was funny [more...]
Date: 2009-01-09 21:00:00
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