Supreme Court rules farmer must pay bankruptcy tax on farms

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The Supreme Court has recently made a ruling that a farming family must pay a bankruptcy tax on the sale of their farm.

The ruling was made on Monday when the court voted 5-4 that the family must pay the IRS for the bankruptcy sale of their farm in Wilcox.  The family was forced to sell their 360-acre farm for $960,000 in order to cover all of their debts.

The taxes on this sale were nearly $26,000 and the family was hoping that this would count toward the bankruptcy filing, meaning that they would pay for part and the rest would be discharged by the court. The IRS stated that all taxes on the sale had to be paid and the Supreme Court sided with them.

If you are facing large amounts of debt, and you would like to learn more about how to prepare for Chapter 7 bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC today.

Dating Around the World: The Cost of a Simple Night Out

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Dating can be expensive. Whether you plan to go out on a simple date to see the latest movie like Battleship staring Rihanna or to a Lady Gaga concert, the price you pay to impress your date can set you back quite a bit.  Hopefully you held on to some of your tax refund if you plan to wine and dine that special someone, since a simple night out can cost you over $200.00 in some cities.  Check out our infographic to see how much a cheap date cost in cities around the world.

How much did you spend on your last date?

5 Ways to Make Your Job Application Stand Out

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Things are looking up for job seekers. According to the Department of Labor, December 2011 marked a three-year high for job postings, and while the numbers dipped slightly in January, they were again on the rise as of February, the latest month for which data is available. Just because employers are hiring doesn’t mean you’re assured of a job, however, so how are you going to differentiate yourself?

If the Great Recession has taught us anything, it’s that competition for jobs can be fierce. Under healthy economic conditions, roughly two people compete for every job opening, yet there were as many as seven candidates for each available position in 2009. Now, with 12.8 million people unemployed and 3.5 million jobs available, there are roughly four people per each open job. And when you consider that most jobseekers apply for a number of different openings at the same time, it’s clear that the competition level is actually exponentially higher than that.

Its therefore highly likely that prospective employers are inundated with resumes that all look the same at first glance. You have to get your foot in the door before references, interviewing skills, and personality can really come into play, so while there are certainly countless tips for getting hired, I’m going to focus on the little things you can do to draw attention to yourself as a viable candidate.

1. Don’t “Reply to this Ad”

Many popular job posting websites, such as Craigslist, provide the option to reply to an ad directly, but avoid the temptation. This will simply result in a form letter being sent and the employer assuming that you’re either lazy or oblivious to the fact that appearance matters to business correspondence.

2. Dont carpet bomb your resume

Too often job seekers simply apply en masse, sending the same cover letter and resume to any employer advertising a job that is at all related to their area of education/interest, figuring that one is bound to bite. The truth, however, is that you aren’t saving time or improving your odds with this play-the-numbers approach. You’re actually wasting time by applying for jobs you might not want and are hurting your chances by putting a bland first foot forward.

3. Personalize your cover letter 100%

When I say 100%, I mean 100%. First of all, employers can spot generic cover letters with a couple of customized fields a mile away. And as you can imagine given the aforementioned applicant-per-jobs ratios, they get a ton of responses to each listing posted. If you send a stock cover letter that doesn’t specifically refer to why you want to work for the particular company and why you’d be a good fit for the open position, you’re settling into the pack instead of separating yourself from it.

4. Include your cover letter in the body of your e-mail

A cover letter is supposed to be your introduction to a potential employer. It should explain who you are, why you’re interested in the job, and why you’re well-suited to it (particularly important if it’s in a field unrelated to your educational or professional background). It should also be the first thing the employer sees, which means if you apply by e-mail, it should be included in the body of the message, rather than being attached with your resume.

5. Follow up

You want to project conscientiousness, organization, and drive to employers. Not only will a quick follow-up e-mail (sent a week or so after you apply) exhibit these qualities, it’ll also give you a chance to inquire about the status of the position as well as reiterate what you bring to the table.

Ultimately, you just have to ask yourself: Why should I expect a potential employer to invest his or her time carefully evaluating whether or not I deserve a job if I don’t invest the same level of care with my application (which includes both my resume and my cover letter)? You shouldn’t, so avoid the cookie-cutter job applications, and soon enough you’ll no longer have to read how-to-get a job articles.

HAMP Loan Modification Class Action Lawsuit

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If you have a Louisiana mortgage and have had problems with your lender in getting a loan modification, give us a call.  There are several class action lawsuits that have been filed on this issue.  See an article here about a Texas class action filed recently and here for one filed in Illinois.

What Is The Process of Home Foreclosure In Sacramento?

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The process of home foreclosure in Sacramento and eviction pre-foreclosure and the formal legal foreclosure process. Completion of all of these steps, which will probably take a few months or so, will lead to the eviction of the previous customer.

First, the customer must miss one mortgage payment. Once this occurs, a late notice is sent to the bank. In many cases, the customer then proceeds to miss multiple mortgage payments. When this happens, the bank sends notices and tries to reach a resolution. If this doesn’t occur and more mortgage payments are missed, then, at this stage, you are prohibited from paying the mortgage month by month. Instead, you must pay in full. If no arrangements accepted by the bank are made, the pre-foreclosure process is complete.

Either by sheriff or mail, a Notice of Intent to Foreclosure is sent. The bank then proceeds to take legal action and legal notices are being published in the local papers. No arrangements with the lender are made and the notice and waiting periods expire. After the hearing, the court allows the bank to foreclose the customer.

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What’s the Difference Between an Audit, Correspondence Audit, and an Adjustment Letter?

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Nothing will make your heart skip a beat like walking out to the mailbox to find a letter from the IRS. The tax audit can strike fear in even the most honest taxpayers, but if you receive something from the IRS after filing your taxes you’ll want to understand just what they are seeking before getting too worked up about it.

In fact, a true audit happens to very few people every year, and it’s usually because of a glaring problem or unusual situation found on a tax return. More common are correspondence audits and adjustment letters, which are not like the audits you hear horror stories about.

The Examination Audit

A traditional tax audit is usually picked up by computer programs that are set up to detect irregularities on tax returns that might signal there is a problem. While it may seem like a simple error or wrong number may instantly create a red flag and cause you to get audited, that’s not exactly how it works. In fact, the IRS typically audits less than one percent of all tax returns filed each year.  Also

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