Bill helping distressed homeowners set to expire

SAN DIEGO - A bill that has assisted thousands of homeowners is set to expire at the end of the year and if it’s not extended, those who are considering short selling their home could be in heap of trouble financially, according to tax professionals.

The Law Offices of Lance Denha Explains Taxable Income Implications with Foreclosure

The Law Offices of Lance Denha P.A. has recently reviewed the position IRS may eventually play when families lose a home to foreclosure.(PRWEB) April 26, 2012 Anytime a lender writes off, or “forgives,” debt, it can be considered taxable income to the borrower. The larger the write off of the loan by the lender, the larger the potential tax bill may be issued to the taxpayer/homeowner. Consider ...

Why Dick Lugar was turned out

Chances are that most of you reading this are opposed to at least some of the following federal laws and policies: the Troubled Assets Relief Program, the auto bailout, the serial raising of the debt ceiling, the Iraq War, the Patriot Act, marijuana prohibition, systematic increases in the Department of Education budget, Medicare Part D, sugar subsidies, obstacles to gay marriage, the ...

Student debt: How big a risk does it pose to the economy?

Surging student-loan debt has become a burden on the US economy – and President Obama is warning of a "tremendous blow" that could occur for millions of students in the form of an interest-rate hike in July.

Obama, Boehner spar over debt-ceiling hike

WASHINGTON, May 16 (UPI) -- President Obama and House Speaker John Boehner, R-Ohio, disagreed Wednesday over a debt-ceiling hike during a White House meeting.