Debtor’s Dilemma: Pay the Mortgage or Walk Away

As reported in online.wsj.com by James R. Hagerty and Nick Timeraos.
In Down Real-Estate Market, Homeowners Are Deciding to Abandon Their Loan Obligations Even if They Can Afford the Payments
Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag.
In good times, it would have [...]

Another Chance for Small Business Loans?

As reported by Diana Ransom of the Wall Street Journal.
When President Barack Obama met with banking CEOs earlier this week, he urged them to “take a third and fourth look” at small businesses that they had rejected for loans during the year. The question is, will the banks follow through?
The CEO of US Bancorp Richard [...]

Happy Holidays To All From Kemp Ali, P.C. (Buenas Fiestas A Todos De Kemp Ali, P.C.)

We would like to wish each and everyone of you the happiest of holidays and a wonderful new year.

Technorati Tags: Ali, Fiestas, Happy Holidays, Kemp, New Year

Amid Debate, Business Owners Struggle With Estate-Tax Strategies

As reported in the wsj.com by Emily Maltby
Whatever the outcome of the federal estate-tax debate in Congress, many family-owned businesses likely will continue to use a variety of strategies to cope with the tax.
The estate tax, which stands at 45% with a $3.5 million exemption, is imposed on heirs of property and other assets. The [...]

If You’re Going To Die – Do It Next Year!

Here’s why:
With Congress unable to agree on a year-end fix to maintain the federal estate tax, it will be repealed for a year as of the first of January, though Democrats have vowed to come back from the holiday recess to pass an extension, the Associated Press reports.
Because of changes passed by Congress in 2001, [...]