Sovereign Debts: Let the Downgrades Begin!

Making good its warning, the US credit rating agency Standard & Poor's downgraded the credit rating of Greece amidst a deteriorating economic ... the government's ability to improve its budget position through better tax collection and higher property or income taxes is offset by the rising cost of debt servicing and public pressure for additional [more...]

Date: 2009-01-15 11:27:00

Blog posts (19) | Videos (12)
 

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

The IRS Now Willing to Help

Credit issues have never concerned the IRS – unless you were trying to deduct interest on personal debt, ... their tax liens to a different asset. Until now, getting approval from the IRS to complete what is known ... to be more understanding in hardship cases. IRS agents will now have grater authority to suspend tax-collection actions [more...]

Date: 2009-01-13 21:38:24

Loany Bologna

Monday night (January 5th) the Sioux Falls city council will vote on an ordinance that would allow the city to borrow $38 million for needed ... tax to repay debt of municipality or political subdivision.  Any city, county, town, school ... for the collection of an annual tax sufficient to pay the interest and also the principal thereof [more...]

Date: 2008-12-31 22:16:21

Growing numbers avoiding or delaying paying tax

Growing numbers of people and businesses are avoiding or delaying paying taxes as the "credit crunch" bites, ... . The auditors estimate that up to 1.5 million working adults had a personal or business tax debt in April ... , introduced risk profiles on taxpayers to target those who could be bad payers and tailored debt collection [more...]

Date: 2008-11-20 08:28:37

Northfield state of the city address

By Mayor Vincent Mazzeo Delivered at the city reorganization meeting Tuesday, Jan ... had an added assessment of $4,578,000; collection of taxes remain strong at 98 percent. Our total debt [more...]

Date: 2009-01-14 12:28:33

IRS Doing Their Part to Ease Mortgage Crisis

IRS Doing Their Part to Ease Mortgage Crisis 17Dec08 ... determines that taking a secondary position will ultimately lead to collection of the debt. The IRS has urged all prospective homeowners in such situations to contact the agency’s Collection Advisory [more...]

Date: 2008-12-17 19:05:41

IRS Unveils Initiatives to Help Taxpayers in Financial Trouble

IRS changes offer relief to delinquent taxpayers. The IRS unveiled a series of initiatives Tuesday aimed at helping people who can’t pay their taxes ... and collection letters to taxpayers who recently lost their jobs, rely on income from Social Security ... the IRS to set up an installment plan. These plans allow taxpayers to pay their debt in monthly [more...]

Date: 2009-01-07 06:45:10

"All political power comes from the barrel of a gun"

Thousands bankrupted over unpaid council tax - Times Online Bailiffs were used in 1.2 million cases to recover council tax arrears last year, and 2 ... -collection agency the next. It is extraordinary how less free citizens are in this respect than ... ,...Bailiffs have for hundreds of years been denied powers to break into homes for civil debt or to use [more...]

Date: 2009-01-07 06:36:12

Governor Barbour orders more budget cuts to keep state’s fiscal house in order

GOVERNOR BARBOUR ORDERS FURTHER BUDGET REVISIONS Declining tax collections force tighter spending limits JACKSON, ... , such as the Ayers settlement and court-ordered Chickasaw Cession interest, Medicaid services, Homestead Exemption and Debt Service. State fiscal experts believe revenues for Fiscal Year 2009, which [more...]

Date: 2009-01-15 19:18:54

Eight Burmese human trafficking victims were freed during a raid by Thai immigration authorities in Mahachai, Thailand, yesterday. The victims include

January 13, 2009 ·Hurform-Immigration raid frees eight human trafficking victims near BangkokJanuary 13, 2009Women and Child Rights Project: ... they had agreed to work off a 25,000 baht debt to the trafficker who transported them to Thailand ... village, Mudon Township, is enriching himself by collecting higher taxes than his counterparts [more...]

Date: 2009-01-14 02:16:00

Eight Burmese human trafficking victims were freed during a raid by Thai immigration authorities in Mahachai, Thailand, yesterday. The victims include

January 13, 2009 ·Hurform-Immigration raid frees eight human trafficking victims near BangkokJanuary 13, 2009Women and Child Rights Project: ... they had agreed to work off a 25,000 baht debt to the trafficker who transported them to Thailand ... village, Mudon Township, is enriching himself by collecting higher taxes than his counterparts [more...]

Date: 2009-01-13 15:54:00

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

“What an unfortunate mess..”

Maman Poulet has a collection of links reacting to the Republic of Ireland’s government tax-payer guarantee to the banks, ... to Germany’s national debt. Also, to add an almost comic element to Germany’s evasive action, almost ... banks. Meanwhile Germany has joined in, apparently in response to a consortium of banks withdrawing [more...]

Date: 2008-10-05 19:36:16

Taxes, incentives for alternative energy, national politics

While I have my opinions on 'national' politics, I try to refrain from writing about such things ... such as an end to IRS contracts with private debt collection agencies, tighter basis reporting [more...]

Date: 2008-08-26 13:31:00

City hall lowers tax levy with $3.54 million budget

By MICHELLE MCLEAN Lower taxes. Hillsboro city commissioners approved a $3.54 million budget for 2009 and lowered the mill levy by 3.8 mills ... debt service for previous improvement projects and amount to a flow-through sums — taxes collected [more...]

Date: 2008-10-10 16:50:00

?If a company can not pay its interest..?

One of Mick’s picks for his Blog Rush ealier today, Simon at Irish Election, ... debt on to the banks balance sheet (and the tax payers laps). Meanwhile, property development company ... PricewaterhouseCoopers (PwC) to assess the extent to which the banks are delaying the collection of interest [more...]

Date: 2008-10-21 19:33:32

Tax Resolution Companies- watch out for them....

You hear it on late night TV, early in the AM while you getting ready for work, and in the mail (or spammed e-mail!) ... solution to resolve your debt. The IRS operates in a business type manner as a collection agency ... is a Collection Agency with great collection powers5. You have options- you just need to know them [more...]

Date: 2008-12-30 14:27:00

IRS Tax levy, Tax Collection, Tax Lien, Foreclosure Debt Foregiveness Rules May Be Amended.

Los Angeles, California - IRS will be improving IRS tax procedures to protect victims of tax-related identity theft and expanding outreach and ... to assist identity theft victims. 3. Cancellation of Debt Income. When an individual or business ... to foreclosure or who default on car loans or credit card debts. Taxpayers may exclude the amount [more...]

Date: 2008-07-22 19:43:56

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