Mortgage Forgiveness Debt Relief Act Saved In Fiscal Cliff Deal ...

By Gary Lucido, today at 12:27 pm

Best I can tell the Mortgage Forgiveness Debt Relief Act, which prevents underwater homeowners from having to pay income tax on the phantom income generated when their mortgage lender forgives a portion of their mortgage, was extended as part of the fiscal cliff deal that was approved by the house of representatives last night. Originally, it was set to expire on December 31, 2012 but the version of the fiscal cliff deal passed by the Senate extended the Mortgage Forgiveness Debt Relief Act, as reported by the National Association of Realtors yesterday.

The House of Representatives essentially approved this deal last night but the reason I'm hedging here is because I can't be sure that I have found the final version of the bill and I'm not very familiar with the legislative process or the making of sausage. Does this have to go back to the Senate because changes were made? However, numerous sources are reporting today that this tax break has been preserved and I found this section in the American Taxpayer Relief Act of 2012 on the House of Representatives site which pertains to this issue. If this is a done deal I know a lot of underwater homeowners are breathing a sigh of relief today.

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Source: http://www.chicagonow.com/getting-real/2013/01/mortgage-forgiveness-debt-relief-act-saved-in-fiscal-cliff-deal/

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What I used in 2012: Richard Devine

And so, with 2012 now behind us, the traditional reflection on the year past begins. Being British, last year was pretty memorable -- the Diamond Jubilee celebrations and the Summer Olympics in London two standout moments. We've also seen the mobile world continue to grow at an incredible rate, as our smartphones and tablets become an increasingly integral part of every day life. 

AC's editor-in-chief, Phil Nickinson, couldn't have put it better -- "In this job, you can't help but be buried in plastic from time to time." It's true of each member of the team. We talk about devices and apps all day every day, but we don't really talk about what we're using in our own, every day lives. It's been a heck of a year in these parts, so click on past the break to find out what I've been using the most during 2012. 

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Source: http://feedproxy.google.com/~r/androidcentral/~3/H0magigFnQo/story01.htm

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Intelligence agencies faulted on Libya fallout

WASHINGTON (AP) ? A Senate report has found that the White House did not make major changes in the talking points administration officials used after the deadly attack on U.S. diplomatic facilities in Benghazi, Libya.

Some Republicans had questioned whether the president's staff rewrote the statements for political reasons.

Instead, the report cites changes made by intelligence agencies, including the FBI and the CIA, in its probe of the origin of confusing explanations that came from the Obama administration.

The report issued Monday by the Senate Homeland Security and Governmental Affairs Committee says the White House was only responsible for a minor change.

The committee also says the director of national intelligence has been stonewalling the panel in holding back a timeline of the talking point changes.

Source: http://news.yahoo.com/intelligence-agencies-faulted-libya-fallout-081922864--politics.html

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Hire a Home Improvement Contractor for Your Home ... - Audio Video

Whether you are managing the demands of a growing family, or are financially sound enough to invest in a home addition, you need to get in touch with a reputable home improvement contractor in Arlington Heights. That?s the first and most important step in a home renovation project. You might need to speak to a structural engineer also if you are planning on altering your home?s structure as well.?

You should talk to more than a few of them in order to ensure that you get the very best available home improvement contractor. But sometimes that will put you in a catch-22 scenario because you will be tempted to go for the lowest bidder. It?s even better if you can talk to every one of them individually to discover why their prices are the way they are. The lowest bidder will not always provide you with the best service; unless it is a newbie trying to secure an impressive portfolio.?

Stay away from the substandard companies and avoid the ones who show up at your door step promising you wonders. One of the very first things that you ought to check about the home remodeling contractor is his track record; demand references and be aware that they are liable to give you a few.?

Generally a firm hires out their contractors, so it is essential they?re both registered by the correct associations. All states have their own licensing firms that hand out Home Improvement Contractor Licenses. Check in the Licensing and Business Registration Information Section of your state to see if the company is included. Every thing you can do to your house will require a different type of contractor, for example a General Building Contractor. The firm and the contractor should be properly insured so you will be safe in case of property damage, worker?s compensation and personal liability.?

Keep these things in mind while selecting your home improvement contractor:

? ? ?Inquire about his experience

? ? ?Check for references

? ? ?Check if he is licensed and registered

? ? ?See if the firm is registered

? ? ?Make sure he has insurance coverage

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For more interesting facts and tips about home improvement contractors,?click here.

Source: http://audiovideo.au.pn/2012/12/27/hire-a-home-improvement-contractor-for-your-home-improvement-project/

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Source: http://neglectfulness-mindoro.blogspot.com/2012/12/hire-home-improvement-contractor-for.html

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Source: http://motherfucking-seconal.blogspot.com/2012/12/hire-home-improvement-contractor-for.html

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Source: http://sigiueeo.posterous.com/hire-a-home-improvement-contractor-for-your-h

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Source: http://ogerilusy.posterous.com/hire-a-home-improvement-contractor-for-your-h

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Video: 2012 Tech Movers

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Source: http://video.msnbc.msn.com/cnbc/50333386/

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Details of tentative deal averting 'fiscal cliff'

Highlights of a tentative agreement Monday between the White House and Senate Minority Leader Mitch McConnell, R-Ky., aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year. The measure would raise taxes by about $600 billion over 10 years. Still unresolved is how to avert across-the-board spending cuts set to begin slashing the budgets of the Pentagon and numerous domestic agencies.

Highlights include:

?Income tax rates: Extends decade-old tax cuts on incomes up to $400,000 for individuals, $450,000 for couples. Earnings above those amounts would be taxed at a rate of 39.6 percent, up from the current 35 percent. Extends Clinton-era caps on itemized deductions and the phase-out of the personal exemption for individuals making more than $250,000 and couples earning more than $300,000.

?Estate tax: Estates would be taxed at a top rate of 40 percent, with the first $5 million in value exempted for individual estates and $10 million for family estates. In 2012, such estates were subject to a top rate of 35 percent.

?Capital gains, dividends: Taxes on capital gains and dividend income exceeding $400,000 for individuals and $450,000 for families would increase from 15 percent to 20 percent.

?Alternative minimum tax: Permanently addresses the alternative minimum tax and indexes it for inflation to prevent nearly 30 million middle- and upper-middle income taxpayers from being hit with higher tax bills averaging almost $3,000. The tax was originally designed to ensure that the wealthy did not avoid owing taxes by using loopholes.

?Other tax changes: Extends for five years Obama-sought expansions of the child tax credit, earned income tax credit, and an up to $2,500 tax credit for college tuition. Also extends for one year accelerated "bonus" depreciation of business investments in new property and equipment, a tax credit for research and development costs and a tax credit for renewable energy such as wind-generated electricity.

?Unemployment benefits: Extends jobless benefits for the long-term unemployed for one year.

?Cuts in Medicare reimbursements to doctors: Blocks a 27 percent cut in Medicare payments to doctors for one year. The cut is the product of an obsolete 1997 budget formula.

?Social Security payroll tax cut: Allows a 2 percentage point cut in the payroll tax first enacted two years ago to lapse, which restores the payroll tax to 6.2 percent.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-12-31-Fiscal%20Cliff-Glance/id-8eb3178df6b142bebc124f40bac8a8e8

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The I Do Diet - How To Become A Honeymoon Hottie and Achieve Your Ideal Wedding Weight - Volume 1 of The I Do Diaries

Rating: Not yet rated.

Published: Dec. 30, 2012

Each year, a staggering quarter of a million loved-up Brits tie the knot here in the UK, and a further 80,000 elope abroad to do just the same.

That means in the next twelve months, well over 150,000 nervous brides will start counting down the days - and the calories - until they make that special journey to the altar.

Over two thirds of brides set out to lose weight before the big day (in recent months this has leapt to an astonishing 83% - in no small part, down to certain Royal nuptials!) and the goal set for the majority of those shedding for the wedding is an ambitious 23lbs.

Yet in reality, most brides average out at a more modest 7lbs of weight lost by the time they tread more lightly down the aisle.

If, like me, you're one of those brides-to-be who has often tried and failed to lose and keep weight off, then this personal, diary-style account of how I lost 28 lbs to become a honeymoon hottie, could be the plan for you!

Think of this e-Book as a 'chief bridesmaid' pocket companion - an essential, quick and handy guide to looking and feeling your best on your big day in as little as FOUR weeks.

And much like any great maid of honour, this short guide is designed to offer fast and effective advice on the basics of organizing yourself and your wedding day, delivered in a supportive but no-nonsense, straight-to-the-point fashion.

Inside you'll be amazed to discover:

How I dropped 28 lbs to fit into my size 8 princess gown.

How to lose weight, forever, by eating more often than ever.

How a simple ice cube could get you the dress of your dreams.

How losing weight can help you pay for your wedding.

How eating ice cream can help you achieve your fantasy figure.

How a child's toy can vanquish your muffin top.

How to feel fitter without even breaking a sweat.

How chewing gum could drop you a dress size.

How your engagement finger can help you beat wrinkles and achieve flawless skin.

A fortnight of evening meals under 400 calories.

A FREE guide to Wallet-friendly Weddings - essential mini-tips on cutting the cost of your big day?

A FREE sample wedding budget planner.

Plus, essential diary-style reminders to help you organize your big day.

It's time to start shedding for the wedding, so you can say yes to that dress!!!
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This book has not yet been reviewed.

Source: http://www.smashwords.com/books/view/269809

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