Cinco de Mayo is a celebration of Mexican culture which commemorates the unlikely victory of General Ignacio Zaragoza Seguin over French forces at the battle of Puebla May 5th, 1862. The celebration
NAR Issue Brief Mortgage Debt Cancellation Tax Relief
Dated: April 4 2014
NAR has been working on an extension of these provisions since the previous extension was passed on New Years’ Day 2013. While this is an important first step toward having the 2-year extension enacted into law, there some significant hurdles left to overcome.The extension of the tax relief “costs” money to the Treasury. The Joint Committee on Taxation estimates that a two-year extension of the mortgage debt cancellation relief would cost $5.4 billion. This will create significant push-back by some Members of Congress and Senators who will insist that amount be offset by raising taxes elsewhere or cuts in spending – an ongoing debate in Congress. Also, the House Ways and Means Committee Chairman Dave Camp has expressed a desire to make some of the “extender” provisions permanent, while allowing other provisions to expire. Reconciling which provisions are extended, for how long, and whether they are paid for, are still issues without consensus between the Senate and the House.
Partially Reprinted from National Association of Realtor website.
In today’s world, our relationships are very important so much so that The Right Relationships can make all the difference. This year marks my 20th year in Real Estate. In that time, I’ve happ....