The Obama administration launched what it calls the “Making Home Affordable” initiative today: a $75 billion loan modification program, which runs through 2012.
Here are the highlights:
• Mortgages for single-family properties that are worth more than $729,750 are excluded.
• Interest rates can be lowered to as low as 2 percent and then if necessary, the term [...]
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Credit Repair in the Fast Lane
Credit repair does not have to take forever. There are things that only time will heal, but the right strategies can turn your credit scores around quickly. Are you ready to do what it takes to see your numbers pop? It’s not hard if you know what to do. Here [...]
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Effectur, Inc. has discovered that the IRS has made a change to the allowable living expense standards for the second time in five months. What makes this discovery so unusual is that the last change on October 1, 2007 came with waited anticipation and press. Today’s change has come with no publicity whatsoever, even despite [...]
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By Travis Reed, Associated Press Writer
OCALA, Fla. — Action star Wesley Snipes was found not guilty of federal tax-fraud and conspiracy charges Friday, but was convicted on three misdemeanor counts of failing to file a tax return.
Snipes and two co-defendants, a delicensed accountant and a tax protest leader, were indicted in 2006. [...]
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TABLE cellSpacing=0 cellPadding=0 align=left border=0> <TBODY> <TR> <TD></TD></TR> <TR> <TD colSpan=2><IMG height=5 src=”http://images.forbes.com/media/assets/spacer_white.gif” width=5></TD></TR></TBODY></TABLE><!–/OUTER BOX TABLE–><FONT style=”FLOAT: left; TEXT-TRANSFORM: uppercase”>OCALA, Fla. - </FONT> <P>Wesley Snipes’ attorneys admitted his ideas were crazy - that Americans have no obligation to pay taxes and the IRS cannot legally collect them.</P> <P>But the star of [...]
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Tony Pugh
McClatchy Newspapers
Jan. 24, 2008 12:00 AM
WASHINGTON - As Congress and the White House craft an economic-stimulus package, there is growing concern that it can’t be enacted and implemented quickly enough to forestall a recession.
President Bush is calling for an estimated $140 billion stimulus package that includes one-time tax rebates to spur immediate spending and [...]
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Millions of Americans have escaped the clutches of the “millionaire’s tax” again, but will have to wait for tax refunds if they file early because Congress was slow to make an annual tax fix, Rep. Roy Bunt said Wednesday.Each year, Congress approves a “patch” that spares millions of middle-class taxpayers from the alternative minimum tax, [...]
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WASHINGTON–Congress gave final approval on Wednesday to a plan that will spare millions of middle-class taxpayers from paying higher taxes in the coming months. The White House welcomed the development and said President Bush would sign the bill.
The tax reprieve postpones for one year only the alternative minimum tax, a parallel tax system enacted in [...]
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Borrowers would benefit from broader FHA access; some experts question bailout concept
By Mary Umberger | Tribune staff reporter
September 1, 2007
President Bush’s plan to help troubled mortgage [...]
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If you’d happened to pick up the report on boosting tax collections released by the Internal Revenue Service on August 2, you’d know it wasn’t exactly light summer reading. Entitled “Reducing the Federal Tax Gap: A Report on Improving Voluntary Compliance,” the hefty document aims to close that “gap” between the cash IRS officials think [...]
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