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Uncle Sam Wants You to Buy a New Car!

June 23rd, 2009 by Carly Speyer | No Comments | Filed in Tax Planning

On June 9, the Consumer Assistance to Recycle and Save Act was passed by the US House of Representatives. The intent of the legislation is to reduce the number of inefficient vehicles on the road while, of course, spurring vehicle sales for the troubled auto industry. Read on…

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Income Tax Relief for Property Owners facing Foreclosure

November 10th, 2008 by Carly Speyer | No Comments | Filed in Real Estate Law

Though the Buffalo area has not been hit as hard by the mortgage crisis as other parts of the country, there are still many local people who are affected. Whether in a foreclosure situation or in negotiating with a lender to accept something less than the full mortgage debt that is owed (a “short sale”), a homeowner may end up having a portion of his or her mortgage debt forgiven by his or her lender. In the past, Read on…

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