Why I Support Ron Paul for President Taxes First, Ron Paul is the only limited government, lower taxes candidate. He has never voted to increase taxes and desires to cut government spending and taxes needed to support the spending. You cannot increase government...
Mortgage Delinquency Rates Rise The delinquency rate for mortgage loans on one-to-four-unit residential properties stood at 5.59 percent of all loans outstanding in the third quarter of 2007 on a seasonally adjusted (SA) basis, up 47 basis points from the second...
Family Businesses Unprepared for Succession A new survey showed Family Business need to prepare for continuation by the next generation. Among the survey’s other key findings: 25 percent of the businesses think the next generation is not competent to move into...
The IRS has started a big push to collect money. Bank Levies and Wage Executions are up. There is also an attack against late filers. One client who is late filing a 941 for the third quarter (due Oct 31) has already received an IRS assessment based upon inflated...
The “Section 125 cafeteria plan” has become a popular way to offer fringe benefits in the workplace on a pre-tax basis. Essentially, an employee is able to pick and choose the benefits desired. The employer only has to pay for those benefits that the employee actually...
In the Wake of the Sub-Prime Meltdown: A Brave New World Commercial real estate owners-and homeowners-are justifiably concerned about the condition of the mortgage industry. The myriad of news stories about the sub-prime mortgage debacle and the ensuing financial...
Housing “Bust” Gets Worse The housing boom is long gone. In NJ, the housing boom ended in the Summer of 2005, and since 2006 the housing market has been crashing. New home builders are trying to unload excess inventory by cutting prices and offering incentives. The...
A New York Court permanently stopped Robert L. Schulz and his two groups, We the People Foundation for Constitutional Education Inc. and We the People Congress, from selling materials by mail, over the Internet or in person that falsely claim citizens do not have an...
Husband and Wife Partnership Election to be Treated as Sole Proprietors Under the Act, a husband and wife that report their joint business activities on their joint tax return may elect to be treated as sole proprietors and not as a partnership. Although some...
Cong. Levin Bill (HR 2834) Proposing New §710, Treating Partnership Allocations To Investment Management Services As Ordinary Income. This bill is designed to attack REITs and large public partnerships which have some tax advantages. HR 2834 is that it would tax as...