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

Blog posts (169) | Videos (51)
 

Weekly remarks: GOP sees more taxes, debt in healthcare reform; Obama sees progress at UN

Weekly Republican Remarks by Rep. Johnny Isakson of Georgia, as provided by the Republican National Committee Hello, I'm Senator Johnny Isakson from Georgia. First, I want to send my condolences to the families of those who have lost their lives in the floods that have devastated my home state this past week. I am working with Senator Saxby Chambliss , Governor Sonny Perdue and the administration to bring federal assistance to those who have suffered damages. [more...]

Date: 2009-09-26 10:00:00

Classified: 500,000 More Troops for Afghanistan

Classified McChrystal Report: 500,000 Troops Will Be Required Over Five Years in Afghanistan by Tom Andrews - The Huffington Post/Common Dreams Embedded in General Stanley McChrystal's classified assessment of the war in Afghanistan is his conclusion that a successful counterinsurgency strategy will require 500,000 troops over five years. This bombshell was dropped by NBC reporter Andrea Mitchell on MSNBC's Morning Joe on Wednesday: "The numbers are really pretty horrifying. [more...]

Date: 2009-09-25 03:02:00

More than Just Words

by Delegate Christopher Peace (VA-97th) The following is excerpted from a speech given at a recent event sponsored by the King William Republican Committee While I am an elected Republican, I want to try to address tonight’s subject from a bi-partisan position: as an American and a Virginian. I am also a constitutionalist and I believe in this great Union. [more...]

Date: 2009-09-25 10:27:23

File Back Taxes with Tax Debt Relief Assistance

Author : Vlavladi Vishnu If you know you owe back taxes but you're afrid to file, you should know it doesn't have to be a nightmare Even though you neglected to pay, you don't necessarily have to pay hefty fees, interest and penalites By taking the initiatiove in dealing with the IRS, you'll set yourself up for the best possible resolution to your back tax problem hTere are a lot of misunderstandings about back taxes, and consulting with a pofessional tax debt relief specialist can help you [more...]

Date: 2009-09-24 13:48:17

President J. E. A. Mills Address At The 64th Session Of The Un General Assembly

Mr. President, Permit me to join previous speakers in congratulating you on your election as President of the 64th Session of the General Assembly.   Your long and distinguished service to your country and Africa gives us the confidence that we are in experienced and capable hands. I also wish to express my delegation’s appreciation to your predecessor, His Excellency Mr. Miguel d’Escoto Brockmann, for the able manner with which he presided over the 63rd Session of the General Assembly. [more...]

Date: 2009-09-25 09:37:39

Paul Volcker Said What?

The House Financial Services Committee held a hearing today, Experts’ Perspectives on Systemic Risk and Resolution Issues . Paul Volcker testified. Here is his written testimony. Volcker calls for the separation of banking from commerce and also calls for reforms in executive pay. He also calls for regulation of hedge funds and private equity firms. Volcker also implies that by saving the Zombie banks, the U.S. [more...]

Date: 2009-09-24 19:50:45

Uncle Sam

To be fair, illustrating the personal finance page is a difficult and thankless job. Being asked, week after week, to draw a picture of abstract ideas like "the importance of maximizing your 401(k) contribution" -- on deadline -- is not an easy task. There are only so many giant piggy banks, ladders and staircases one can get away with. [more...]

Date: 2009-01-10 00:26:08

Restorative Resolutions for 2009 and Beyond

With a campaign tag line, CHANGE WE NEED, President-Elect Barack Obama and a large portion of the American population should have some rather ... in a large part by our debt-based, growth-on-an-infinite-planet obsessed approach to capitalism? Or do we just try to refinance our house one more time, to take advantage of the latest Red Tag Sale? Here’ [more...]

Date: 2008-12-31 15:44:41

TARP II Demands Real, Thorough Debate

On Monday, President Bush made a request on behalf of the incoming administration to release the second half of the $700 billion that Congress ... when we are just about to begin consideration of a $1 trillion stimulus plan. The last thing we need is more debt upon debt ... the federal government should help do that. But as we consider spending another [more...]

Date: 2009-01-15 19:20:26

Prodigy Law Group Receives Congressional Recognition

Prodigy Law Group Receives Congressional Recognition IRVINE, Calif., Sept. 24 /PRNewswire/ — Prodigy Law Group was recently presented with a special Certificate of Congressional Recognition from the office of U.S. Congressman John Campbell (California 48th District). The certificate was presented in recognition of the firm’s outstanding and invaluable service to the community and its efforts to provide legal assistance to consumers and small business owners. [more...]

Date: 2009-09-25 00:22:49

Hey Ron! - My Dad found my weed

No matter what the problem, Ron is always to the rescue like a superhero-cum-debt-negotiator-for-a-magazine come to life. He is all the courage a fretful teen needs to tell his dad he’s sorry for smoking marijuana. And that’s exactly what our problem is today. Keep reading for the resolution to this age-old dilemma. (...) Read the rest of Hey Ron! - My Dad found my weed (506 words) © Viceland.com , 2009. [more...]

Date: 2009-09-23 09:14:52

What’s next for Lee?

Although its stock has been pummeled to pennies per share and its auditors have stated the company is in danger of defaulting on $1.4 billion in debt, Lee Enterprises still produces a larger operating profit, percentage-wise, than ... to make a $142.5 million debt payment due this spring.Because Lee is unlikely to have the cash to pay [more...]

Date: 2009-01-05 04:15:00

Promises, promises...that we make to ourselves

So, it's that time again for New Year's resolutions. ... to haunt me.) They're about what you'd expect, taking aim at excess weight, debt, and lousy eating ... change. I'm in Day 3 of recovery of my Freecell addiction. It's one day at a time.... Rhys [more...]

Date: 2008-12-31 01:51:44

How Tax Relief Companies Reduce Taxes

Life can be expensive and sometimes taxes can seem overwhelming. When this occurs, you need help from a tax relief company. Tax relief is defined as deductions that help reduce the amount of tax owed to the IRS. Reductions can include tax savings in the form of allowable deductions such as pension contributions, capital gains losses, and business losses. Many tax relief companies offer genuine help to consumers in need of honest tax debt relief. [more...]

Date: 2009-09-23 13:57:51

The 10 most common new year’s resolutions - is yours on here?

I am not much of a supporter of new year resolutions, I don’t like waiting around for a specific date to make positive life changes ... to be the only way that works to help me make life changes. Eat healthier - A few years ago, I read a book ... - I am still keeping up with lots of principles I learned in that book. Get out of debt - I wonder how [more...]

Date: 2008-12-26 12:11:42

Goals for 2009

I’m not big on New Year’s resolutions. The main reason is that January 1 is an arbitrary date that most of Western civilization has agreed we ... . But hopefully I can find a race, perhaps sometime in June. Lake Placid’s a possibility. Cut down my credit card debt to $x. (Before you get on my case, yes [more...]

Date: 2009-01-02 04:49:34

Regular Contributors Round-up: From Iraq to Afghanistan to the USA

Mid-East/Wars -- "More than meets the eye." Today's post is a digest of interesting news items for which I want to give a Hat Tip. Regular contributors of links to these story leads are "betmo*" and Jon#, who are my keys to collaboration at S/SW. Other items come from several e-mail newsletters that come to my in-box daily. ( [more...]

Date: 2009-01-10 12:00:00

TARP's Original Mandate Must be Executed

“This program is intended to fundamentally and comprehensively address the root cause of our financial system’s stresses by removing distressed ... s (Troubled Asset Relief Program) original mandate, the Treasury would apportion a sizable share of the original $700 billion dollars of tax-payer funds to place busted mortgage-backed assets [more...]

Date: 2009-01-12 18:37:25

Cracked’s New Year’s Resolutions

Around the Cracked offices, we have an annual tradition every New Year where all the staff gather around and publicly make promises as to how they’ll be better comedy citizens in the coming year. “I’m going to get really good at baking, and bring treats to all the Cracked meetings” says Brockway. We clap lightly. It’s very generous of him [more...]

Date: 2009-01-06 13:00:22

Government Intervention in Foreclosure

This is Part Four of a series of articles on foreclosures. This article does not constitute legal advice. Foreclosure laws vary from state to state. Homeowners in financial distress should always hire legal counsel. Call your local state bar association for a referral.  Reduced or free legal aid may be available in some states [more...]

Date: 2009-01-07 07:00:13

How to Set New Year’s Financial Resolutions You Can Keep

(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... or Equifax. If your credit score is lower than 700 due to some outstanding debt, see if you can get those bills paid off as early in the year as possible. Pay the credit cards with the highest interest [more...]

Date: 2009-01-02 19:55:16

How to Set New Year’s Financial Resolutions You Can Keep

(source) Every year it’s the same old story. You start with the best of intentions but somehow never manage to fulfill your New Year’s ... or Equifax. If your credit score is lower than 700 due to some outstanding debt, see if you can get those bills paid off as early in the year as possible. Pay the credit cards with the highest interest [more...]

Date: 2009-01-02 19:55:16

A Peaceful Solution The Haybilongs

Eddie Jorge on drums, Alex Goethe on bass and Glenn Maresca on guitar and vocals ... around. Here we go, twin crises of exponentially growing debt causing huge market disruptions ... . The change we voted for seems to be more debt, increased military aggression in Afghanistan, Big Government [more...]

Date: 2009-01-10 00:41:52

Rome Water And Sewer Rate Increase Likely

Rome’s Water and Sewer Committee met Tuesday morning to hash out the final details of a proposed water and sewer rate increase for 2010 and 2011. Rome City Commissioner Buzz Wachsteter, who chairs the city’s Water and Sewer Committee, said the committee considered the rate increase for two reasons — unfunded mandates bearing down on the water and sewer department and the financial situation of the department as a whole. “We have a $20 million budget,” Wachsteter said of the department. [more...]

Date: 2009-09-29 19:00:13

Poll: How Are Your New Year’s Resolutions Going So Far?

With a new year comes new resolutions for many. Some people choose more personal goals such as losing weight, exercising more, ... , I want to get rid of clutter. It isn’t so much the little stuff collecting dust around the house ... debt free, minus a relatively small mortgage balance, by the end of 2010.  So, how [more...]

Date: 2009-01-08 14:44:41

American Profit Recovery

Two months ago, our credit card debt from Sears was over. I’m thankful to the Collection Agency that resolve this matters ... in this country. LOL! I'm just kidding! Speaking of debt collection, I stumbled upon a site ... more profitable, but change the fundamental way in which a collection agency operated. They have a proven [more...]

Date: 2009-01-10 01:07:14

Are We Witnessing the Collapse of Liberalism?

Are We Witnessing the Collapse of Liberalism? By J. Robert Smith Less than a year into his presidency, Barack Obama’s world grows bleaker.  Liberalism’s world is bleaker.  At home and abroad, liberalism, as advanced by the President, is failing.  Are we witnessing the beginnings of another historic event, loosely comparable to the fall of communism twenty years ago?  Now the fall of liberalism? [more...]

Date: 2009-09-29 13:36:14

STIMULATE THIS!

STIMULATE THIS! So now it’s time for another bailout.  The one last month didn’t do the trick, apparently.  800 billion wasn’t quiiiiite enough.   We’re gonna have to try harder. Hey I got an idea for stimulating the economy.  Everybody who reads this, go to www.garygraham.com and buy my damn book!  (ACTING & Other Flying Lessons) [more...]

Date: 2009-01-13 19:58:57

YOUR TOP TEN CONGRESSIONAL HITS, coming to your neighborhood shortly, is the plan (stolen from Tapped): * S ... mortgages by bankruptcy judges, new regulations for the credit card and financial industry ... interference") and perhaps another go at the Ledbetter law ("removing barriers to fair pay for all workers [more...]

Date: 2009-01-11 20:47:59

IndyMac: Private Equity Gets Smart About Banks

Private-equity firms are getting clever again. Private equity is known as “smart money” but in recent years it has made some less-than-bright investments. After paying billions of dollars in 2006 and 2007 for deals that many considered overvalued and that burdened the targets with too much debt, private-equity firms have before them [more...]

Date: 2009-01-05 17:42:52

IndyMac: Private Equity Gets Smart About Banks

Private-equity firms are getting clever again. Private equity is known as “smart money” but in recent years it has made some less-than-bright investments. After paying billions of dollars in 2006 and 2007 for deals that many considered overvalued and that burdened the targets with too much debt, private-equity firms have before them [more...]

Date: 2009-01-05 20:41:00

Latin America – Chevron sues Ecuador under international trade law (AP via Yahoo! News)

Chevron sues Ecuador under international trade law (AP via Yahoo! News) Chevron Corp. sought Wednesday to force the government of Ecuador into international arbitration for alleged trade violations, an apparent effort to protect itself against a feared negative ruling in a $27 billion lawsuit over environmental damage. Chevron seeks Ecuador liability in pollution case (AP via Yahoo! News) Chevron Corp. [more...]

Date: 2009-09-24 18:00:06

New Year’s (Un) Resolutions

Okay, I hate New Year’s Resolutions. I usually make them and then give them up before the Super Bowl ... . In all my experience, not a single “magic cure” diet has worked. This year, I’ll exercise more, worry ... . Want the truth? Here it is! Kyle and I have debt up to our eyeballs, we are trying [more...]

Date: 2009-01-12 23:20:00

Gates of Vienna News Feed 1/6/2009

Tuan Jim sends an string of important news articles about the gas pipeline crisis caused by the deadlock between Russia and Ukraine. He notes that the affected countries are dusting off alternative sources of energy — fuel oil and nuclear reactors — for electricity generation.Thanks to AA, Abu Elvis, C [more...]

Date: 2009-01-07 04:50:00

Notes from Today’s Economic Recovery Conference

Image via Wikipedia I spent today in Dublin at a conference organised by the UCD economics department and the ... s rant was so powerful, hair pieces fell off at the back of the room. The strength of his rant could ... , sustainability of pubic debt. Irish case is open to different views, need a consensus. [more...]

Date: 2009-01-12 20:38:41

My Resolutions For 2009!

I spent a long time yesterday reading the resolutions from many of my blogging compadres and it made mine feel a tad inadequate ... Event* in 2010.Continue to save 10% of my salary for retirement.**Pay off all short term debt - don't ... of $40 a month, I will only reduce this debt by $72. Yes, you read that right friends. This loan [more...]

Date: 2009-01-02 17:14:00

Israel and Palestine: A Statist War

by Markus Bergstrom(http://mises.org/story/3285)In light of recent events in Israel and Palestine, it seems appropriate to put forth a suggestion on how this seemingly never-ending conflict could be solved. To end the ongoing violence in the region, many pro-Palestinians are calling for the complete abolition of the Israeli state [more...]

Date: 2009-01-15 01:51:00

Obama's Cabinet - Love Fest and Patsies!

A baggy eyed Sen. Clinton was given a pass yesterday in her Sec.of State Nominee hearings.Every president is entitled to the Cabinet he has slected and the opposition party should play the role of asking penetrating and probing questions and unless they find something very disturbing Cabinet Nominees should be allowed to serve [more...]

Date: 2009-01-14 14:35:00

Operation Cast Lead – Week III

Let us start with the good news. First, the Israel Defense Forces (IDF) has removed the stain of the 2006 Second Lebanon War. The Winograd Commission found drastic failures in both the political echelons and the command level of the IDF. But it also found that troops on the ground had lacked the commitment to the completion of the “the mission” [more...]

Date: 2009-01-14 21:21:20

Resolutions And Goals For 2009

Personal Finance Goals Fully-fund 403(b) Fully-fund 2 Roth IRAs Fully-fund 3 Education Savings Accounts Save for down payment on a new home Stay out of debt Blogging Goals Post daily to No Credit Needed Increase number of subscribers Improve site usability Establish connections with other bloggers Continue to support the personal finance [more...]

Date: 2009-01-03 02:23:58

Guest Post: Obama Plan Is Bold, but Not Bold Enough

As details emerge about the incoming Obama administration’s stimulus plans, Peter Boone and Simon Johnson argue that proposals should be even bolder. Boone is chairman of Effective Intervention, a U.K.-based charity, and a research associate at the Centre for Economic Performance, London School of Economics, [more...]

Date: 2009-01-07 09:09:48

Finances Can Be Overwhelming - But They Don’t Have To Be!

If you’re eyeball deep in debt, feeling overwhelmed, and not sure how to pick up and move forward, I’ve been there ... , and I had no control over anything. So, you see, the bankruptcy did eliminate my debt, but it didn’t fix ... been there too. To be honest with you, I took the easy way out of my debt - I declared bankruptcy [more...]

Date: 2009-01-10 23:07:56

Guest Post: Time to Recapitalize Banks Fully

As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]

Date: 2009-01-15 11:47:00

My Predictions for 2009… and What I Got Wrong in 2008

Hi Guys, Happy New Year! It’s been a while since we last caught up. I hope you are well and that you had a wonderful holiday and a very happy New Year. I was on vacation for the holidays. We had a terrific break. We took our three boys to Disney World. What a treat! We go once a year usually around President’s Day weekend [more...]

Date: 2009-01-06 21:43:37

The Nightowl Newswrap

Oh, Honey! We are anything but bored! You and the rest of the cast of the Wasilla Hillbillies took care of that! Sarah Palin mulled a cask of whine to go with the cheese that's been aging since McCain picked her ignorant ass and lashed out at 'bored, anonymous, pathetic bloggers who lie' in her latest histrionic screed against the media [more...]

Date: 2009-01-14 06:42:00

The Nightowl Newswrap

Oh, Honey! We are anything but bored! You and the rest of the cast of the Wasilla Hillbillies took care of that! Sarah Palin mulled a cask of whine to go with the cheese that's been aging since McCain picked her ignorant ass and lashed out at 'bored, anonymous, pathetic bloggers who lie' in her latest histrionic screed against the media [more...]

Date: 2009-01-14 16:37:05

New Year Resolution #1: Financial Fitness in 2009

Worried about the economy? Been hoarding all your pennies lately? You’re not alone ... ? If you have credit card debt, ask yourself why. That list on your credit card statement….was each one of those card swipes necessary? If they were, consider consolidating. Call your current credit card [more...]

Date: 2009-01-07 22:51:21

Resolution #9: We will return the Favor to our Bank

Resolution #9: We will return the Favor to our Bank A lot of blame is being put on the financial industry for getting the country into this ... to pull out of loan agreements or persuade Company’s not to draw down on credit facilities. As the economy worsens, more Companies will be at risk for failing banking covenants, especially on debt [more...]

Date: 2009-01-15 13:30:57

Economics is not a morality tale

Western civilization can be seen as the liberation of technical theory (science, in the broadest sense) from moral values.  This battle continues to this day.  It is so much easier and enjoyable to be a witch-doctor than a scientist  (again, in the broad sense as devoted to rational thought) [more...]

Date: 2009-01-14 00:01:43

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