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Internet Telephony: Cheap, but NOT Private

Only a few years ago, it seemed like a dream: place—or receive calls—from anywhere you have an Internet connection, for only a few dollars a month—or for free.  With a technology called “voice over Internet Protocol,” or VoIP, you now can. [...]

Credit Feast And Famine

Why isn’t the economy booming? [...]

Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part II]

In my last blog entry I described how a virtually unknown Treasury agency, the Financial Crimes Enforcement Network, has issued proposed regulations that would change the offshore investment reporting requirements for U.S. taxpayers.  The rules are slated to become effective well before the June 30, 2010 filing deadline for Treasury Form TD F 90-22.1, the “foreign bank account reporting” form, or FBAR.  That means they would apply retroactively to 2009. [...]

Paterson’s photo op at JFK restaurant opening can’t mask crumbling reputation

A scandal-scorched Gov. Paterson dove back into state business Friday – by ceremonially opening a chain restaurant. [...]

Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part I]

Last week, the U.S. Treasury finally clarified exactly what it expects U.S. taxpayers to disclose about their offshore holdings.  And—no surprise here—they want to know lots more about what you own offshore.  Beginning last year , in 2009.  And, if you fail to comply, you could face a $10,000 fine and even prison. [...]

How To Build A Better Financial Planning Practice

Use these business metrics to ensure smart [...]

Attorney Uses Experience As Government’s Lending Enforcer To Effectively Defend Bank Collection Lawsuits

Mortgage foreclosure defense has become a good business for attorneys. Many real estate attorneys who made money on real estate closing and putting together large real estate investment deals have found that most of their business in the past few years has come from clients wanting to defend against bank foreclosures and suits on personal guarantees of commercial [...]

Massachusetts Suspends Florida Drivers License To Collect Corporate Tax Debt

The state of Massachusetts is serious about collecting corporate income taxes. [...]

Congress Inveighs Against Surveillance Abuses—in China

It’s great to know that our elected representatives are vigilantly guarding civil liberties.  Only, they’re  much more concerned about surveillance in other countries, not here in the USA. Case in point: China.  Over the last few weeks, congressional civil libertarians have revived legislation that, if enacted, would forbid U.S. companies from selling electronic surveillance equipment to governments that spy on their [...]

Small Business Needs IRS Relief

Want to stimulate the private sector at little cost? Get the IRS off small business folks’ [...]