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credit: 'Tis a Taxing Time - 03/29/09 04:26 PM
TAX FAQ answers you need when dealing with clients to buy or finance:
Can the IRS take money from my bank account without permission?
They absolutely can, and will if they start enforced collections.
The IRS has the authority to utilize extreme tactics to collect taxes. Tactics include placing a "levy" against your bank accounts, which allows them to withdraw up to the entire tax amount owed! Does not matter if you need the money to make payroll, pay your mortgage, or whatever. The checks you've already written against the funds will just bounce. Luckily you have 21 days in which … (0 comments)
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credit: You failed to report for jury duty? - 01/28/09 04:37 PM
An "officer of the court", calls saying you failed to report for jury duty and that a warrant is out for your arrest. You say you never received a notice.
To clear it up, he'll need some information for "verification purposes"-your birth date, social security number, maybe even a credit card number. The scam's bold simplicity is what makes it so effective. Facing the unexpected threat of arrest, victims are caught off guard and often will reveal information to resolve the situation.
Just hang up the phone. IT IS A SCAM. Check it out with the FBI
Jury scams are years … (1 comments)
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credit: Lender of Last Resort - 07/14/08 12:53 PM
The news is everywhere that the government will not allow FNMA and FHLMC to fail. Instead the Federal Reserve will offer funds at the same rate that the big banks pay and the loans will all be guaranteed by congress. Maybe.
Obvious problem with this solution is that, contrary to popular opinion, the government does not have any money, earns no income to speak of, and seems unable to manage critical issues such as concealing concubines, balancing the budget, and uniting in the defense of the country. Odd group of failures, one thinks.
Politicians strive prmarily to remain in office. Events … (3 comments)
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credit: FNMA & FHLMC??? - 07/12/08 08:16 PM
It is all over the news this weekend, and last week's stock market seems to be pointing the way. Fnma, affectionately known as Fannie-Mae, and brother FHLMC, AKA Freddie-Mac are in deep financial trouble. Some say these two industry giants are already insolvent by a wide margin. Their need for new capital is currently at 75 million and in the latest debt offering, FNMA had to pay nearly 3/4 percent above the Federal Funds rate that supported their usual borrowings.
What would happen to the real estate business as we know it is these two market makers (roughly half of all … (2 comments)
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Bruce Forge
Irvine,
CA
More about me…
iNET Realty, Inc.
Address: 2450 Dupnt Dr, Irvine, CA, 92612
Office Phone: (714) 376-4488
Cell Phone: (714) 376-4488
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