Barack Obama's Economic Plan: What We Should Know

Dr. Boyce Watkinswww.BoyceWatkins.comHey Peeps,I thought you guys might want to hear Barack Obama's latest pitch as he works to solve one of the greatest economic crises since The Great Depression. It is here if you'd like to take a look. I agree with the President that bold moves by our government are necessary [more...]

Date: 2009-01-04 19:59:00

Blog posts (107) | Videos (64)
 

National taxpayer advocate

National taxpayer advocate urges tax simplification and compassionate treatment of taxpayers hit by recession WASHINGTON — National Taxpayer Advocate Nina E. Olson released her annual report, urging Congress to greatly simplify the tax code and recommending measures to reduce the burden on taxpayers who are struggling to pay their tax bills [more...]

Date: 2009-01-07 22:00:47

monday musings

two cards: interesting pieces (pt 1 & pt 2) from michael lewis via nytimes, quick reads ... up for tax season…are you ready? the irs is featuring one of their older posts on keeping good records ... or other organizer. or even better, sign up for electronic statements and reduce the clutter [more...]

Date: 2009-01-05 20:35:59

Taxpayer Advocate’s Recommendation: Go Easier on Taxpayers Experiencing Economic Hardship

Nina Olson, the National Taxpayer Advocate, has released her Annual Report to Congress (PDF) ... having difficulty paying their tax debts. 2. Simplify “Cancellation of Debt” Rules for Foreclosures Simplify the “cancellation of debt” minefield that many taxpayers who default on debts must navigate [more...]

Date: 2009-01-08 02:37:42

A Tax Lawyer Can Sweeten The Bottom Line

You’ve worked and reworked your tax returns until it feels like your eyes are going to pop out of your head ... the final debt to the Internal Revenue Service a bit easier to handle. They include: Checking for errors – A tax lawyer is much more skilled at handling numbers and IRS tax code than a layman [more...]

Date: 2009-01-06 21:29:03

Earned Income Credit (EIC): What Is It?

by William Blake Taxpayers are always very interested in the various tax credits that they can use to reduce their overall tax payments ... as income by the IRS, as is money you collect because of unemployment. These sources of income may reduce your chances of getting the earned income credit. For example, if your investments earn [more...]

Date: 2008-12-28 21:45:01

News from Wichita Liberty: TIF districts, AFP summit speakers, markets as regulators

Prudence Requires Postponement of Wichita TIF District Remarks to be delivered to the Wichita City Council on January 6, 2009. Mr. Mayor, members of the council: Last month it was discovered that procedures used to investigate the background of potential city business partners were lacking in some respects [more...]

Date: 2009-01-06 19:00:51

Cartoon spurs healthcare debate September 4 2009

Filed under Issues - Health, Issues - Immigration, Liberals, Obama, Pa Dems, Pennsylvania, Politics by KevinMcKay So we’ve all seen the cartoon (and counter-cartoon) about healthcare. Here is a pretty thorough debate between one person posting it, and another refuting it (and posting the counter-cartoon) via facebook, without calling each other names. [more...]

Date: 2009-09-05 02:50:47

The Carnival of Debt Reduction

This week, the Carnival of Debt Reduction has 30 submissions ranging from how to handle holiday debt to paying off your mortgage to generating ... tips to help you avoid going further into debt this Christmas! From Bob at Christian Financial ... , I bring you the carnival of debt reduction submissions in their very raw... but highly functional [more...]

Date: 2008-12-22 12:44:59

25 Personal Finance Do’s and Don’ts for 2009

With the current economic crisis you might be wondering how you’re going to handle 2009 and the promise that we’re hearing from all the economists (and even the President Elect) that things are going to get worse before they get better. Well, strap yourself in and let’s take a look at some of the things you can do that can help you survive [more...]

Date: 2009-01-06 00:02:47

To Repeal or not to Repeal, That is the Question (of the Estate Tax)

Estate tax is a Federal tax levied on a decedent’s distribution of possessions to heirs identified by state law or will. Yet, the percentage of estates which are subject to the tax is very minuscule. The IRS reported ... is catastrophic because it affects not only federal debt, but the funding of services for U.S taxpayers [more...]

Date: 2008-12-28 01:00:49

Money Monday, 1/12/09

TODAY! (she declared, boldly!) Is the first day of the rest of my life!! ... all these thousands and thousands of dollars needed to beef up the emergency fund, pay off the debts and perhaps even ... start turning my attention to the debts – because frankly, each of those I get paid off reduces how [more...]

Date: 2009-01-13 00:55:00

Should You Stop Paying Your Mortgage?

As we move through this newly admitted recession that everyone already knew about, ... . This law was originally enacted to cover debt forgiven in 2007, 2008 and 2009 but has since been extended to 2013. From the IRS website: Homeowners whose mortgage debt was partly or entirely [more...]

Date: 2008-12-10 01:40:43

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

Clearer Tax Laws, Help for Struggling Taxpayers Urged

The seemingly endless reams of complex federal tax laws and regulations need to be simplified, ... Code New York Times: Gentler Tax Laws Urged on Debt Default CNNMoney: A Kinder, Gentler IRS? Wall ... on financially struggling taxpayers: "1) Make greater use of collection alternatives when economic [more...]

Date: 2009-01-09 17:03:22

2008 Year-end Tax Planning for Individuals

November 19, 2008 - The end of 2008 is coming up fast. With the year drawing to a close, now is an ideal time to review your tax situation and evaluate strategies that may help minimize your tax bill. Once December 31 passes, your 2008 tax bill is essentially set. Taking certain steps before then can make a difference [more...]

Date: 2008-12-28 03:30:55

Debt Management Help Through DebtGuru.com

Looking for an easy way to manage your debt quickly? DebtGuru.com®, the Internet domain for American Credit Foundation®, an IRS 501(c)(3) non-profit consumer credit counseling organization, can greatly help you if you are looking to lower your monthly debt payments without the hassle of trying to qualify for a consolidation loan [more...]

Date: 2008-11-03 15:26:00

IRS Tax Debt Settlement Help - When You Need Expert Tax Debt Help

With the recent downturn in the economy, Americans find themselves not only facing unsecured credit card debt problems, ... in Compromise.Federal law does grant the IRS the power to agree to a settlement of your IRS tax debt for less ... tax debt. However, the process of actually getting the IRS to agree to a tax settlement is not simple [more...]

Date: 2009-01-07 21:21:36

BANKING ON THE FUTURE: YOU

What if students repaid loans with a percentage of their future earnings? ... to remove the risk of overwhelming debt for students and mitigate the social costs of trying to repay it. By gearing repayment to income, the contracts reduce those burdens sharply -- a student [more...]

Date: 2008-12-16 14:13:58

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

Gibson: Economy 'Sick,' Makes Palin Affirm Conservative Social Views

on Friday's World News, Gibson asked: “Roe v. Wade, do you think it should be reversed?” Palin affirmed: “I think it should and I think that states should be able to decide that issue.” But in a follow up question carried on 20/20 and Nightline, Gibson portrayed Palin as anti-women: “It's a critical issue for so many women [more...]

Date: 2008-09-13 00:47:15

The Coming Financial Aid Crisis, Part 2. Scholarship of the Week The Assumption College Merit Scholarship Program was established to reflect the College’s commitment to upholding a campus culture that champions academic excellence and student leadership [more...]

Date: 2008-11-12 13:18:50

Foreclosure Help is On the Way

The freeze on foreclosure sales and evictions has now been frozen until the end of January, ... mortgage debt for people filing for bankruptcy. The IRS is also stepping up to the plate to assist ... payments, many of the homes in question carry IRS tax liens. Over 600,000 such tax liens are filed [more...]

Date: 2009-01-13 03:52:55

Why It’s Important to Look Outside of Your Local Area to For a Certified Tax Resolution Specialist to Solve Your IRS Tax Problems

The theme this week has been resolving to solve your IRS tax problems in 2009 ... Resolution Services helps taxpayers ACROSS THE NATION with their IRS tax problems. In December, I appeared ... with the IRS and tips for qualifying for offer in compromise settlements. The show’s host Anna Banks also [more...]

Date: 2009-01-03 16:18:09

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

Offshore Banking Guide: How To Get An Offshore Bank Account

by Benjamin Mulletonin Offshore bank accounts are typically found in a country, or a jurisdiction with a low tax burden on the offshore banking account depositor. Offshore bank accounts are administered by banks and give traditional banking services which make it more convenient to utilize the assets held in the banking accounts for everyday [more...]

Date: 2008-12-16 20:24:57

Fiscal Therapy

Getting the economy back on its feet, giving taxpayers a break, saving your retirement fund and your kid's college tuition? Done ... . Today, more and more of us do not have enough money to live on without going into debt. For each dollar [more...]

Date: 2009-01-12 09:26:00

Carnival of Personal Finance #182 - Don’t Go Broke Over The Holidays Edition

Welcome to Free From Broke and the Carnival of Personal Finance -  Don’t Go Broke Over The Holidays edition! ... : Why Sticker Price Means Nothing. Debt Buy Like Buffett gives us Credit Card Companies Are Putting ... Use cash to keep yourself from getting into credit debt. Creative Commons License photo [more...]

Date: 2008-12-08 12:42:55

I Want To Work Smarter, Not Harder

Don’t you sometimes wish you could clone yourself? How do you work smarter, not harder? Photo by Tony M. It seems like lots of folks have the same complaint as I do, which is that they always have a lot of stuff going on that they wish they could accomplish all at once [more...]

Date: 2008-08-25 16:38:12

Congressional incompetence on display, again

As everyone reading this blog knows I opposed the 850 “financial bailout package ... has a piece discussing new changes that the Treasury Department (IRS in this case) made during the time ... and I do NOT oppose section 382.  So the Treasury Department (IRS in this case) decided to change [more...]

Date: 2008-11-11 14:22:34

6 Ways To Get Ready for 2008 Taxes

Now is the time to prepare for tax season 2008. From personal experience, ... you can employ to reduce your taxes but some of them will expire on December 31 so there’s no time ... by January 31st. Make sure to collect all of them because duplicate copies are sent to the IRS [more...]

Date: 2008-12-03 04:15:31

Do Year-End Tax Prep in Mid-November

Today we take a break from holiday stress for something new. Tax stress! ... in the 28%. Of course, this isn’t the kind of penalty that the IRS levies intentionally, it’s just the way ... that allowed us to pay off our debt, our tax for the year has nearly doubled. Sadly, that doesn’ [more...]

Date: 2008-11-21 01:16:10

Where UBS Goes, Bad News Follows

Now that the world’s biggest bank disaster has been payed for by common working stiffs, we find that UBS had a soft spot for the Uber rich all along ... account holders and tell the IRS about their income, the U.S. alleged. An Ambitious 20,000 people [more...]

Date: 2008-12-14 01:54:26

My Personal Journey Towards the Truth

A couple of people have asked about my personal journey towards the truth. I should clarify this somewhat. There is the order in which I personally discovered things. Then, there is the order I should present things to someone else.The order in which I discovered the truth is:the Discounted Cashflow ParadoxThe Put/Call Parity Formula is Wrong [more...]

Date: 2008-12-02 17:00:00

IRS agents soften heart for delinquent taxpayers!!!!

I am just cut and pasting this in entirety - since it is SUCH critical information! This man STEPHEN OHLEMACHER of the AP is my new hero!!! ... . We were part of the firms much heralded “business growth seminars and forums” and would [more...]

Date: 2009-01-07 15:30:51

Stock Market Dictionary - S

SFifth letter of a Nasdaq stock symbol specifying a beneficial interest.SAThe two-character ISO 3166 country code for SAUDI ARABIA.SAIFSee: Savings Association Insurance FundSARThe ISO 4217 currency code for the Saudi Arabian Riyal.SATURNSSee Structured Asset Trust Unit Repackagings.SBThe two-character ISO 3166 country code for SOLOMON ISLANDS [more...]

Date: 2009-01-02 16:50:00

Stock Market Dictionary - R

Fifth letter of a Nasdaq stock symbol specifying that the stock has rights.RAMSee: Reverse-annuity mortgageRAPSee: Regulatory accounting proceduresREThe two-character ISO 3166 country code for REUNION.REITSee: Real Estate Investment TrustREMICSee: Real Estate Mortgage Investment ConduitROThe two-character ISO 3166 country code for ROMANIA [more...]

Date: 2009-01-02 16:48:00

Madoff's ponzi scheme tax losses and union workers' home losses

Wall Street has not had a good year (and of course, the taxpayers have borne the brunt of the resulting chaos).  Credit default swaps, for several years the darlings of the industry, have become a giant albatross around taxpayers' necks, especially through the AIG bailout [more...]

Date: 2008-12-25 16:11:40

Hey Obama...I Knew You Would Try To CHUMP OUT on Your AGENDA!

Hey Obama...what the FUCK? Did you think WE WOULD NOT BE WATCHING? Did you think you had SO WOWed US, that we would give you a free pass for your first 1000 days? Not a chance...just like every other President, you get 100 DAYS to show us what you got in the way of a set of Presidential Balls! [more...]

Date: 2008-11-14 06:09:18

Appraisal Fraud and Industry Standards Described in 2003 Official White Paper-RED FLAGS DESCRIBED IN DETAIL WITH EXCELLENT DIAGRAMS EXPLANATIONS AND DESCRIPTIONS OF BEST PRACTICES

loan_origination_mortgage_fraud_ffiecloan_origination_mortgage_fraud_prevention_response_nelsonRed Flags • Critical loan processing activities, ... the FI’s review of insurance coverage. √ Establish procedures to ensure the bonding company is notified [more...]

Date: 2009-01-09 15:33:10

Stock Market Dictionary - T

TFifth letter of a Nasdaq stock symbol indicating that the stock has warrants or rights. TAASee: Tactical asset allocationTABsSee: Tax anticipation billTANsSee: Tax anticipation notesTBASee: To be announcedTCThe two-character ISO 3166 country code for TURKS AND CAICOS ISLANDS.TDThe two-character ISO 3166 country code for CHAD.TEFRA ( [more...]

Date: 2009-01-02 16:50:00

10 Financial Management Tips For The New Employee

Financial management is something that we care about here at Mint. Learn more with great financial management tips in our blog article index. So you’re getting started on a new job - congratulations! [more...]

Date: 2008-07-02 15:00:53

You can't restore S corporation loan basis with a capital contribution

S corporation shareholders can only deduct losses if they have basis in either: -Their stock, or -Loans they have made (not guaranteed!) ... . The danger with loans is that the losses reduce the shareholder-lender's basis in the loan ... contributions of over $1.4 million to the corporations and repaid the loans. The IRS said [more...]

Date: 2008-12-18 15:23:43

Who is Cathy Shaughnessy?: Dem Far-Left Candidate's Bankruptcy Fraud Shows Blogs' Importance; End of MSM Investigative Journalism; Embodies Mortgage Bailout BS; UPDATE: Mortgage Fraud, Too?

By Debbie Schlussel The story of Cathy Shaughnessy is important on many fronts. This far-left Democratic candidate for office demonstrates why blogs are important because some of them--like this one--actually do the investigative journalism the mainstream media won't [more...]

Date: 2008-10-22 17:37:49

Best Personal Financial Planning Articles

This financial article comes to you compliments of: The Skilled Investor's PERSONAL FINANCE BLOG . Find the original article here: Best Personal Financial Planning Articles Best Personal Financial Planning and Personal Investment Articles this Week from Personal Finance Blogs Carnival of Financial Planning - Edition #105 - September 4, 2009 Welcome to the September 4, 2009 Edition #105 of the Carnival of Financial Planning . [more...]

Date: 2009-09-04 22:28:43

Fix Your Life In 2009

24 ways to fix your life in 2009 From credit reports to skin care and college tuition to high heels, it’s all here. Friday, January 02, 2009Whew! ... will rise to $13,000 in 2009. The gift helps reduce the size of your estate — probably a good idea [more...]

Date: 2009-01-02 18:44:41

Debt Reduction 101 - Beginner’s Guide To Debt Reduction

Debt Reduction 101 - A Beginner’s Guide To Debt Reduction Calculate How Much Money You Have On Hand Checking Account: ... . Emergency Fund:_______________ Calculate How Much You Have Available For Immediate Debt Reduction ... Payments) Credit Card 1:__________     Interest Rate:__________     Minimum Payment [more...]

Date: 2008-11-20 18:29:01

Auto Bailout Update

I'm going to try to get this content as fresh as I can but this is still a developing story as I write this.. ... : These are the same great minds that run the IRS and DMV... About this time, the House Republicans [more...]

Date: 2008-12-11 13:00:00

Corporate Greed vs. Political Greed

I honestly am worried about our country as are many others on this site and nationwide ... they will be rounded up by the IRS and jailed, so that other taxpayers can then fund their existence [more...]

Date: 2008-11-12 17:39:44

Unworkable Bankruptcy Laws Are Bringing Ruin To the US Economy

Unworkable Bankruptcy Laws Are Bringing Ruin To the US Economy January 4th, 2009 By: Leon D. Bayer copyright Bayer, Wishman & Leotta, 2008, 2009. All rights reserved. www.debt-relief-bankruptcy.com Fallout from the mortgage meltdown continues to spread, and the economy ails [more...]

Date: 2009-01-05 04:26:37

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