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Michele Bowman

Michele Bowman

Lawyers.com


Latest Posts › Fiscal Cliff

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Surprise! Your 2012 Taxes Are Higher Than You Thought

After the close of another year, income taxes of course come to mind. While it’s clear we have to pay tax on income, there are plenty of provisions in the tax code that require federal taxes to be paid on things you may not...more

2/4/2013 - Alimony Alternative Minimum Tax Estate Tax Fiscal Cliff Forgiven Debt Gambling Income Taxes Prizes Social Security Unemployment Insurance Winnings

Mortgage Forgiveness Act Extended

As part of the law passed as a last minute escape of the so-called fiscal cliff, Congress extended the Mortgage Forgiveness Debt Relief Act to the great relief of homeowners who’ve suffered foreclosure....more

1/8/2013 - Fiscal Cliff Foreclosure Income Taxes Mortgage Deft Relief Mortgages Short Sales

Consumers Already Falling Off Fiscal Cliff

Automatic spending cuts and tax hikes are set to go into effect Jan. 1, absent a compromise over the budget, and consumers are worried about the impending “fiscal cliff.” President Barack Obama and Republican...more

12/31/2012 - Barack Obama Budget Control Act of 2011 Federal Budget Fiscal Cliff John Boehner Spending Cuts Tax Increases

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