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Viewing 15 posts - 76 through 90 (of 101 total)
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  • December 11, 2009 at 12:40 AM #493790
    Troubled Loner
    Participant

    johngaltgirl,

    I don’t know if you saw it or not, but I sent you a private email in regards to this.

    December 11, 2009 at 8:13 AM #492966
    Anonymous
    Guest

    I don’t know of a good CPA in your area but you are right to find one -the State of California does not conform to Federal Law in several areas, and mortgage debt relief may very well be taxable income in California. With the highest marginal rate pushing 10%, and the state NEEDING revenue, it is not safe to forget the impact of state taxes when making decisions. Good Luck.

    December 11, 2009 at 8:13 AM #493128
    Anonymous
    Guest

    I don’t know of a good CPA in your area but you are right to find one -the State of California does not conform to Federal Law in several areas, and mortgage debt relief may very well be taxable income in California. With the highest marginal rate pushing 10%, and the state NEEDING revenue, it is not safe to forget the impact of state taxes when making decisions. Good Luck.

    December 11, 2009 at 8:13 AM #493513
    Anonymous
    Guest

    I don’t know of a good CPA in your area but you are right to find one -the State of California does not conform to Federal Law in several areas, and mortgage debt relief may very well be taxable income in California. With the highest marginal rate pushing 10%, and the state NEEDING revenue, it is not safe to forget the impact of state taxes when making decisions. Good Luck.

    December 11, 2009 at 8:13 AM #493602
    Anonymous
    Guest

    I don’t know of a good CPA in your area but you are right to find one -the State of California does not conform to Federal Law in several areas, and mortgage debt relief may very well be taxable income in California. With the highest marginal rate pushing 10%, and the state NEEDING revenue, it is not safe to forget the impact of state taxes when making decisions. Good Luck.

    December 11, 2009 at 8:13 AM #493840
    Anonymous
    Guest

    I don’t know of a good CPA in your area but you are right to find one -the State of California does not conform to Federal Law in several areas, and mortgage debt relief may very well be taxable income in California. With the highest marginal rate pushing 10%, and the state NEEDING revenue, it is not safe to forget the impact of state taxes when making decisions. Good Luck.

    December 11, 2009 at 8:23 AM #492971
    bsrsharma
    Participant

    We do not want to go the bankruptcy route, even if it papers out.

    johngaltgirl,

    Can you please explain why? It looks like BK process was designed to help exactly people like you. (Unsustainable asset/liability position). What is your rationale? Remember, many millions go through BK every year, it is not like some leprosy.

    December 11, 2009 at 8:23 AM #493133
    bsrsharma
    Participant

    We do not want to go the bankruptcy route, even if it papers out.

    johngaltgirl,

    Can you please explain why? It looks like BK process was designed to help exactly people like you. (Unsustainable asset/liability position). What is your rationale? Remember, many millions go through BK every year, it is not like some leprosy.

    December 11, 2009 at 8:23 AM #493519
    bsrsharma
    Participant

    We do not want to go the bankruptcy route, even if it papers out.

    johngaltgirl,

    Can you please explain why? It looks like BK process was designed to help exactly people like you. (Unsustainable asset/liability position). What is your rationale? Remember, many millions go through BK every year, it is not like some leprosy.

    December 11, 2009 at 8:23 AM #493607
    bsrsharma
    Participant

    We do not want to go the bankruptcy route, even if it papers out.

    johngaltgirl,

    Can you please explain why? It looks like BK process was designed to help exactly people like you. (Unsustainable asset/liability position). What is your rationale? Remember, many millions go through BK every year, it is not like some leprosy.

    December 11, 2009 at 8:23 AM #493845
    bsrsharma
    Participant

    We do not want to go the bankruptcy route, even if it papers out.

    johngaltgirl,

    Can you please explain why? It looks like BK process was designed to help exactly people like you. (Unsustainable asset/liability position). What is your rationale? Remember, many millions go through BK every year, it is not like some leprosy.

    December 11, 2009 at 10:19 AM #493021
    OwnerOfCalifornia
    Participant

    OP I’m having trouble understanding your handle. Who is John Galt?

    December 11, 2009 at 10:19 AM #493183
    OwnerOfCalifornia
    Participant

    OP I’m having trouble understanding your handle. Who is John Galt?

    December 11, 2009 at 10:19 AM #493569
    OwnerOfCalifornia
    Participant

    OP I’m having trouble understanding your handle. Who is John Galt?

    December 11, 2009 at 10:19 AM #493657
    OwnerOfCalifornia
    Participant

    OP I’m having trouble understanding your handle. Who is John Galt?

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