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Hammond Gets $31 Million for Green Project - 12/25/08 12:06 PM
Merry Christmas
Hammond, Indiana get the go ahead for 31.4 Million improvement plan for Wolf Lake, Lake George, and Lake Michigan. The Regional Development Authority approved a plan that would providea park and bike trails between Unilever and BP Refinery.
Mayor Tom McDermott, Jr. describes the project as similar to green project that was completed at Portage Lakefront and it became the presence for Porter County. He is hoping that will do the same for Lake County.
The project will further improve Whiting trail systems, connect Hammond Lakes to Chicago, and provide an outdoor amphitheater for summer concerts at Wolf Lake.
… (0 comments)
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Business Products and Services for Realtors - 12/22/08 09:58 AM
My CEO has business products and services that every Realtor need in their business such as, Over 100 Business Benefits and Services Over 400 Lenders Nationwide Over 400,000 aspiring entrepreneurs and small business owners Over 11,000 Active Independent Business Consultants A nationwide network of over 20,000 attorneys Over 285,000 health care providers Over 56,000 national and regional pharmacy chains participants Over 12,000 eye care locations nationwide Over 71,000 dental practice locations Over 800,000 local, national, and internet media outlets $1 million professional liability policy The best part of the system is learning how to build business credit. With business you will … (0 comments)
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Federal Rate Cut Good or Bad - 12/18/08 05:24 AM
With the recent Federal rate cut, I am left wondering if this rate cut will be enough to jump start the economy or give the consumer confidence to buy a home or let alone a car. The reason this question should be at the forefront of everyone's mind is that Chrysler and Ford announced today that they are laying off employees for 30 days or more.
I am not sure that lawmakers realize the catastrophic effect that the car industry's folding will have. There are several industries that will be effected by the folding of the car industry. For instance, … (1 comments)
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Record Keeping for Real Estate Investors - 12/18/08 02:27 AM
The investor needs to keep accurate records of his or her rental income and expenses to prepare the investor's income tax return.
The following items should be used to collect required income tax information for each individual property:
•· Rental Income/Capital Expenditures
•· Rental
•· Expense
•· Additional Information
•· Sale of Rental Property
On the rental income form, enter all rents received even advance rents. However, security deposits are not classified as rent. Once the deposit is converted into paid rent or damages then it is calculate as rental income. If the tenant performs services or the tenant pays for repairs and … (0 comments)
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Business Products and Services for Realtors - 12/17/08 03:14 AM
I wanted to share with you an incredible company that I found it is MyCEO. The company was started in 1997. It has an array of services that every business owner can use like press release, video email, lead generation, web building, legal planning, long distance, healthcare, business credit. Check it out at www.myceo.com. For a limit time, I am able to offer the $299.95 plan for only $49.95 and as an additional bonus for just visiting the site I can give you one month free call me for details at 866 857 3914. Remember this great value is only available … (0 comments)
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Lake County Senior Deadline is Approaching - 12/15/08 05:04 AM
December 31 is the deadline for qualified senior to file for two percent cap on his or her property taxes. This credit is for seniors in Lake and Porter Counties in Indiana; however, the auditor's offices in both counties are reporting low or limited interest by seniors. I am sure this is because most seniors may not know about the need to apply for the credit.
Under House Bill 1001, seniors will receive a tax credit if his or her adjusted gross income is no more than $30,000 or combined income of $40,000. In addition, the gross assessed value of the … (0 comments)
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Tax Woes for Gary Indiana - 12/10/08 08:07 AM
Gary, Hammond, East Chicago, and Whiting Indiana are cities that will have to make adjustments to business as usually, but these same cities especially, Gary want the state officials to believe it will take four years for the city to cope with 30 million in tax caps.
I find it curious that according to the petition to advisory board Gary is quoted as stating that "Gary faces fiscal devastation that will affect not only its residents but surrounding communities and the state as well."
Wow, Gary is concerned about surrounding cities, but when this legislation was in the works Gary, Hammond, … (1 comments)
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Your Debt May be Forgiven - 12/04/08 07:46 AM
On December 20, 2007, the Mortgage Forgiveness Act was enacted to exclude income gain or loss from mortgage modification and/or foreclosure of one's primary residence.
Normally, when there is debt forgiven by the lender on one's primary residence it is reported as taxable income even if it is a loss. This Act excludes cancelled debt for your primary residence. Remember, this act is for one's primary or principal residence only.
This Act applies to debt forgiven for the years 2007, 2008, and 2009.
The debt is still reported, but the homeowner would use Form 982. The homeowner will … (1 comments)
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Serena Brown
Hammond,
IN
More about me…
Taylor-Brown Real Estate
Office Phone: (219) 803-4489
Cell Phone: (219) 718-6376
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Educational Real Estate Blog located at www.taylorbrownrealestatetalks.com
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