Petey’s Blog

Thought of the Day – January 6, 2010

It’s not the hand that’s dealt you that’s important. It’s how you play the hand that’s dealt you that’s important. — Jerry White, director, SMU’s Caruth Institute for Owner-Managed Business

What about those 1099 regs for 2011?

A new business reporting headache is headed for a swift demise in Congress. Sen. Max Baucus (D-MT), the top Senate tax writer, has introduced a bill to repeal an expansion of the 1099 reporting rules to payments of more than $600 made to corporations.

Foreclosures take a dive

Foreclosures take the biggest dive in years last November.  Filings saw their biggest drop in at least 5 years after revelations concerning thousands of documents may have been improperly prepared.