Housing "Bust" Gets WorseThe 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...
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...
Today's new reported mortgage rates for 30-year fixed loans hit 6.75%. This is the highest level in almost a year. Further, “sub-prime” defaults and foreclosures both are at record highs. More than 15% of“sub-prime” adjustable loans are delinquent and 3.75% are in foreclosure.This...
Rising longer-term interest rates yielding 5.25%10-year Treasury marked the highest level in ten months. In early March, the 10-year yield was 4.5%. Because many consumer and corporate loans are tied to the 10-year Treasury, effective loan interest rates are rising.Home builders are concerned by ...
.6% growth in the first quarter signals a possible recession. The housing market in New Jersey and many states is in decline. Housing and construction businesses are hurting. Mortgage brokers are closing and real estate brokers are contracting. Moving companies are in decline. Mortgage foreclosures...
America's lowest-paid workers will get a $2.10 raise, if the keep their jobs, by Congress mandating an increase in the federal minimum wage. Despite the well-known harmful loss in employment by teens and the lowest skilled workers,President Bush was expected to sign the bill quickly,...
The US Supreme Court has ruled the US Tax Court is the proper court for appeals of IRS denials of interest abatements. The Court held the Court of Federal Claims did not have concurrent jurisdiction. The complete decision is Hink v. US.see: http://www.TaxEsq.com...
Effective May 31, 2007, Intuit will no longer provide support for the 2004 versions of QuickBooks Pro, Premier and Enterprise Solutions. If you are running either of these applications, this means that your access to technical support and other business services will completely stop...